Malaysia morning news for October 8

Malaysia morning news for October 8

Malaysia morning news4% cut for Pan Borneo Highway Sarawak cost, RM660mil saved
The overall development cost of the Pan Borneo Highway project on Sarawak’s side is expected to be cut by some RM660mil from RM16.49bil.
— The Star Online

China, Malaysia and Singapore set for security spending boost
Worldwide spending on security-related hardware, software, and services is forecast to reach $133.7 billion in 2022, with managed services accounting for 50 per cent of the services segment.
— Channel Asia Singapore

Time for Najib And Rosmah To Stop Interfering With The Course of Justice
Prosecutors complained yesterday that the wife of the ex-PM, Rosmah Mansor, who stands accused of a string of money laundering charges (which do not even begin to tackle the substance of her unexplained wealth) has been engaged in witness tampering.
— Sarawak Report

Najib denies high-profile deaths not probed
Najib Razak today rubbished Lim Kit Siang’s claim that several high-profile cases, including three murders, were not investigated.
— Free Malaysia Today

Malaysia Deepens Austerity Drive by Cutting Transit Project Cost
Malaysia intensified its efforts to rein in spending by reducing the cost of an almost $14-billion mass-rapid transit project, as Prime Minister Mahathir Mohamad reviews programs he says his predecessor kicked off under unfair terms.
— Bloomberg

Anwar warns PD voters against complacency
Pakatan Harapan Port Dickson by-election candidate Datuk Seri Anwar Ibrahim said based on a survey, voters in Port Dickson may feel confident and complacent leading to a low turnout on Oct 13 polling day.
— Malay Mail

Malaysia will nominate experts to EC panel
Malaysia has agreed to nominate experts to sit in a European Commission (EC) panel that could impact future use of plam oil as part of the biofuel mix in Europe.
— New Straits Times

MRT2 – Govt cancels contract for underground portion, to call new international tender
The federal government will be calling for an international open tender for all unfinished underground work of the Mass Rapid Transit 2 (MRT2) project, after negotiations with existing turnkey contractor MMC-Gamuda Joint Venture to bring down total construction costs saw them agreeing on the above-ground portion but not underground segment.
— The Sun Daily

Malaysia’s New Car Brand To Make First Appearance In 2020
Malaysia’s new national car project is expected to roll out its first model before or by 2020, media was told at a press briefing on the project on October 4 at the Malaysian Industry-Government Group for High Technology (MIGHT) headquarters in Cyberjaya.
— Investvine

421 Malaysians in Thailand prisons
There are 421 Malaysians being detained in Thai prisons currently and their welfare is looked into by the Malaysian embassy.
— Borneo Bulletin Online

Consumers to pay less for broadband services
Consumers will enjoy cheaper broadband services following the announcement by four telecommunication companies to reduce the price of their fixed broadband packages by up to 56%.
— FMT

RM2 billion in HDA proves transactions done in Malaysia, says Forest City
THE RM2 billion received from buyers shows that Forest City condominiums can be bought by anyone, said its developer, denying that Chinese nationals are getting one-for-one deals.
— The Malaysian Insight

Telco sector seen facing stiff headwinds
The telecommunications (telco) sector is expected to face difficult headwinds given the heightened regulatory pressure and competition that is unlikely to abate anytime soon, said PublicInvest Research analyst Eltricia Foong.
— The Sun Daily

Financing, viability of new national car a drag on DRB-Hicom?
While DRB-Hicom Bhd’s participation in the new national car development is viewed to be in line with its strategic automotive plan, analysts have concerns on the financing and viability of the project that may drag DRB-Hicom in the short term.
— The Sun Daily

Ratify CPTPP or lose out to Vietnam, Malaysia told
A trade advocacy group has warned that Malaysia will become less attractive than Vietnam to foreign investors if Putrajaya doesn’t promptly ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
— FMT

Volvo Car Malaysia unveils latest mid-sized SUV
Volvo Car Malaysia is keen to make its presence felt with the latest addition to its line-up – the mid-sized XC40 T5 R-Design sport-utility vehicle (SUV).
— The Star Online

Know what’s happening in your country, Mahathir tells youth
Dr Mahathir Mohamad has urged young people of the country to learn about what is happening in the country, including the political arena.
— FMT

Malaysian Police Arrest 8 Suspected Salafi Terror Cell Members
Seven foreigners were among eight men arrested by Malaysian officers on suspicion of involvement in Southeast Asian recruitment efforts by a terror cell linked to a Yemen-based Salafi extremist group, Malaysia’s police chief announced Saturday.
— Benar News

Malaysia picks Burgess as central agent for Equanimity sale
Burgess has been appointed as exclusive central agent for the sale of the US$250 million (RM1 billion) Equanimity, owned by fugitive businessman Low Taek Jho.
— The Edge Markets

Checks to ensure recalled lettuce not allowed back in Malaysia
The country will monitor all checkpoints to ensure Malaysian-grown vegetables pulled off the shelves in Singapore are not allowed back into the local market.
— The Star Online

Future-ready ‘technopreneurs’ are important to Malaysia’s transformation
“Technopreneurs”, who combine tech savvy with business know-how, are important to Malaysia’s transformation into a knowledge-based economy.
— Star 2.com

Boost partners with 11street to enhance shopping experience
11street is tapping into the cashless payment trend through its partnership with Boost to offer shoppers a more convenient way to pay for their online purchases.
— The Borneo Post

34,772 Pakistani tourists visited Malaysia in the first half of 2018
Malaysia has recorded 34,773 tourists from Pakistan during January to June 2018, depicting a growth of 29.4 percent as compared to the preceding period.
— Daily Times

Works Ministry unit to monitor Sarawak Bumi contractors
The Works Ministry will set up a Monitoring Unit in collaboration with the Ministry of Entrepreneur Development and Sarawak Public Works Department in efforts to curb the “Ali Baba” practice among Bumiputera contractors in the state.
— New Straits Times

MEET MALAYSIA’S SYED SADDIQ, 25, YOUNGEST CABINET MINISTER IN ASIA
You’ll have to get up pretty early if you want to keep up with Malaysia’s Youth and Sports Minister, Syed Saddiq Syed Abdul Rahman: he’s out of bed at 5am every morning, eats breakfast, and goes for a run followed by 50 push-ups and 50 sit-ups. Not the most strenuous of morning callisthenics, granted – but the schedule that follows this early workout is both mentally and physically gruelling.
— South China Morning Post

The best new fine dining in Malaysia
It is midday on a Sunday, and Kuala Lumpur’s latest hotspot, the marvellously named Mr Chew’s Chino Latino Bar in Bukit Bintang, is already seething with fashionable foodies dressed in their latest Prada, Armani and Saint Laurent designs.
— The National

Heitech bags Cyber Security Innovation of the Year award
HeiTech Padu Bhd has bagged the Cyber Security Innovation of the Year award at the recent 10th Cyber Security Malaysia Award & Conference (CSM-ACE 2018) for its innovative technology and new security service, Secure-X.
— New Straits Times

Of Malaysia’s cleaner corporate grip
For most countries, government intervention in business activities is inevitable. After all, the government is there to govern and ensure businesses are conducted in a fair and healthy manner that could grow the economy and benefit the people.
— The Borneo Post

Of human rights and Malaysia
One of the things, and there are many, that sets Dr Mahathir Mohamad apart from his disgraced predecessor Najib Razak is the way he conducts himself on the global stage.
— Malay Mail

 

Feature photo Pos Malaysia Berhad

This week’s Malaysia morning news feature photo acknowledges World Post Day, October 9.

 

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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