Malaysia morning news for October 22

Malaysia morning news for October 22

Malaysia morning newsMalaysia to be the second country in Southeast Asia to introduce the digital tax
The upcoming Budget 2019 slated to be announced on November 2, is exceptionally important to provide direction for the country. More importantly, in the direction and support on the growth of the digital sector in Malaysia.
— The Borneo Post

Petronas buys 10% stake in Oman’s Al Khazzan field
Malaysia’s Petroliam Nasional Berhad (Petronas) said on Sunday its subsidiary would buy a 10% stake in Oman’s Al Khazzan gas field, following a bidding exercise held by the exploration arm of state-owned Oman Oil Company.
— FMT

Golden years: Malaysia tops best places in Asean in which to retire
Retirees looking to spend their twilight years in a safe, affordable and fantastic destination should consider Southeast Asia, according to a recent survey that gave locations in the Asean region 10 of the top 30 spots in its global ranking of best places to retire.
— AEC News Today

Govt reviews 11MP, resets more realistic targets
The mid-term review of the 11th Malaysia Plan tabled yesterday evening shows that the new Pakatan Harapan government is fixing the economy after facing hurdles in fulfilling its pre-election manifesto, Kenanga Research said.
— New Straits Times

National entrepreneur development policy on the way
The Ministry of Entrepreneur Development (MED), which was set up on July 2, 2018, is formulating an inclusive and competitive National Entrepreneurship Policy following the tabling of the mid-term review of the 11th Malaysia Plan by Prime Minister Tun Dr Mahathir Mohamad last Thursday.
— The Sun Daily

Female pilots make debut in Malaysia Airlines
Three local women have broken traditional gender stereotypes by pursuing their dreams to become the first batch of female pilots with Malaysia Airlines.
— Malay Mail

Airports to improve on-time performance next year, says Loke
To ensure the efficiency of airports in the country, the Transport Ministry has set the performance indicator for on-time performance (OTP) at 85 per cent from next year.
— Malay Mail

Tenaga unit to offer solar PV installations for homes by year end
Tenaga Nasional Bhd’s reneweable unit plans to offer financing self-generation packages for solar photovoltaic (PV) panels for residential customers by year end as the demand for green energy climbs.
— The Star Online

RHB launches new initiatives for students
RHB Bank Bhd targets to reach out to thousands of students more through its ’RHB X-Cel’ and ‘RHB MoneyMaster’ initiatives next year.
— New Straits Times

Malaysia’s ultra-rich vs Singapore’s: Who’s wealthier?
If you have ever wondered how many ultra-rich individuals Malaysia has, a study has shown that there are a mere 487 of them.
— Yahoo News

Malaysia bans waste imports as Australia battles recycling crisis
It’s the crisis that no one saw coming. It’s more than a year since China announced a crackdown on what types of recycled waste it would accept for recycling.
— The Sydney Morning Herald

Datasonic denies paying Zahid in passport deal
Datasonic Group Bhd has clarified that neither the company nor any of its directors had issued any payment to Datuk Seri Ahmad Zahid Hamidi in relation to the supply of 12.5 million chips for Malaysian passports.
— New Straits Times

Including women in Malaysia’s economic plans
THE State of Households 2018: Different Realities recently published by Khazanah Research Institute provided a comprehensive data-backed outlook to realities in Malaysia.
— The Star Online

All trustees, issuing houses need to register with SC from January 2
All trustees and issuing houses which provide capital market services will need to register with the Securities Commission Malaysia (SC) under a new registration framework, effective January 2, 2019.
— The Borneo Post

MAHA 2018 exhibition set to attract more than 3.5 million visitors
Agriculture and Agro-based Industry Ministry (MOA) organised a “Street Attack” programme here yesterday to promote the Malaysia Agriculture, Horticulture and Agrotourism (MAHA) 2018 exhibition.
— Yahoo News

Putrajaya’s requirements for Grab won’t help cabbies, says coalition
A coalition of over 100 taxi associations nationwide has poured cold water on Putrajaya’s requirements for Grab drivers, including imposing the same licensing requirements as traditional taxis.
— FMT

Full steam ahead for SMEs
As small and medium enterprises (SMEs) contribute more than one-third to Malaysia’s economy, it comes as no surprise that this segment continues to be recognised by the new government and private sectors as an important growth engine.
— The Borneo Post

Malaysia-Saudi Arabia ties remain strong despite uncertainties over Khashoggi killing
Malaysia’s bilateral ties with Saudi Arabia remain strong despite the international community putting pressure on Riyadh following the murder of journalist Jamal Khashoggi.
— Malay Mail

Security firms want current licence renewal fee to be reduced
The Security Services Association Malaysia (PPKKM) hopes the upcoming Budget 2019 will include an announcement to lower the current licence renewal fee for security firms, by at least 50 per cent.
— New Straits Times

Malaysia gets spillover effect over Myanmar’s Rohingya issue, says Mat Sabu
Myanmar could not regard the Rohingya ethnic issue as merely a domestic problem because Malaysia also gets the spillover effect, says Defence Minister Mohamad Sabu (pic) .
— The Star Online

Playing the Uighur card: Bravery or ill-advised?
There was an air of inevitability about the by-elections in Port Dickson (PD) last weekend; the optimism on the ground alone was almost enough to confirm that Anwar Ibrahim would be sworn in as the PD Member of Parliament (MP).
— FMT

Malaysia says China and U.S. should not flex military muscle in South China Sea
The South China Sea should not be a theater for the United States and China to show off their military capabilities as they vie for influence in the region, Malaysian Defense Minister Mohamad Sabu said Saturday.
— The Japan Times

DNex secures marine fibre optic cable repair contracts
Dagang NeXchange Bhd’s (DNeX) indirect 51%-owned subsidiary, DNeX Telco Services Sdn Bhd, has secured two marine fibre optic cable repair contracts worth US$2.8mil from PT Bina Nusantara Perkasa.
— The Star Online

Emkay Group to build RM70,000 homes for B40
Tan Sri Mustapha Kamal plans to build affordable houses priced at about RM70,000 each for the B40 group through his private company, Emkay Group.
— New Straits Times

ICC expresses concern over future of cricket facility in Malaysia
The International Cricket Council (ICC) today expressed its concern over the future of the Kinrara Oval in Malaysia.
— ICC

Mohd Nasir Ahmad is CIMB Group’s new chairman
Datuk Mohd Nasir Ahmad has been announced as CIMB Group Holdings Bhd group chairman effective October 20, upon approval by Bank Negara Malaysia.
— New Straits Times

Cloudy outlook for construction
The outlook for the construction sector remains cloudy, with muted impact from the 11th Malaysia Plan (11MP) mid-term review, said analysts.
— The Sun Daily

 

Feature photo One Bonsai

This week’s Malaysia morning news feature photo acknowledges World Day for Audiovisual Heritage, October 27.

 

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

 

Malaysia morning news by AEC News Today is your one stop source for Malaysia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.

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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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