Malaysia morning news for September 12

Malaysia morning news for September 12

Malaysia morning newsMalaysia: Unions, socialists slam new govt over minimum wage decision
The Malaysian Trade Union Congress (MTUC), several other trade unions and the Malaysian Socialist Party (PSM) have slammed as “humiliating” and “beggarly” the new Pakatan Harapan (Alliance of Hope) federal government’s announcement that it would increase the country’s minimum wage by just RM50 (A$17) a month to RM1050 ($350) from January 2019.
— Green Left

Malaysia Telecom, Mobile, and Broadband Market Witnesses Growth with Advances in Fiber Optics
Developments pertaining to sub-segments such as broadband, mobile, and fixed line network, play a pivotal role in the growth of Malaysia telecom industry.
— Digital Journal

Strong consumer demand driving cashless payments
Malaysia, together with several major economies across the globe, are progressing ahead in adopting cashless technology across a wide range of sectors.
— New Straits Times

Two Chinese investors keen to set-up operations in Malaysia-China Kuantan Industrial Park
Chinese investors’ interest towards Malaysia continues to grow with two companies showing keenness to set up operations worth billions of ringgit in the Malaysia-China Kuantan Industrial Park (MCKIP).
— Malay Mail

Chinese buyer beware in Mahathir’s Malaysia
A vast real estate development under construction in Malaysia’s southern state of Johor is in the spotlight over a widening political row pitting the country’s wily nonagenarian premier against a large private Chinese property developer backed by the state’s influential ruler, Sultan Ibrahim Ismail.
— Asia Times

Malaysia joins Japan’s list of Indo-Pacific security partners
Japanese Defense Minister Itsunori Onodera and Malaysian counterpart Mohamad Sabu agreed here Tuesday to increase defense cooperation, as part of Tokyo’s campaign to work more closely with Indo-Pacific countries to check China’s military buildup in the region.
— Nikkei Asian Review (paywall)

Palm Oil: With Malaysia cracking down on production, what’s the alternative?
Margarine, chocolate, shampoo, soap – these are just some of the everyday products we use that contain palm oil.
— European Sting

More volatility ahead for Malaysian markets
Investors should brace themselves for more volatility moving into the last quarter of the year as the ongoing global trade war and emerging market currency crisis dampen markets and sentiment.
— The Star Online

Samenta: Minimum wage announcement gives SMEs certainty
The Small and Medium Enterprises Association of Malaysia (Samenta) is supportive of the increment of minimum wage across Malaysia to RM1,050 per month, stating that the new revision puts to rest the uncertainty that many SMEs face in planning for the expansion of their business.
— The Sun Daily

Eximbank of Malaysia to support development of small, medium enterprises in Uzbekistan
The Eximbank (Export-Import Bank) of Malaysia has allocated $15 million for the development of small and medium-sized enterprises (SMEs) in Uzbekistan, the Uzbek media reported Sept. 11 referring to the Embassy of Uzbekistan in Malaysia.
— Azer News

“Future proof” core businesses to unleash innovation: MDEC
Malaysian companies need to step up in their automation efforts to ‘future proof’ their core businesses and unleash innovation to stay ahead of the competition, said Malaysian Digital Economy Corporation (MDEC) chief executive officer Datuk Yasmin Mahmood.
— New Straits Times

Malaysia welcomes Singapore State Courts’ move
Malaysia welcomes the move by the Singapore State Courts granting the return of 1MDB monies with a total value of some S$15.3 million (RM45.9 million) to the country, said Finance Minister Lim Guan Eng.
— The Sun Daily

Prices of most BMW vehicles fall after the SST reintroduction
Contrary to previous belief, prices of most BMW vehicles are cheaper now under the Sales and Service Tax (SST) than during the Goods and Services Tax (GST) regime, said the luxury German marque local dealer Ingress Auto.
— New Straits Times

CHINA, JAPAN ARE MALAYSIA’S PRIORITIES: ANWAR. BUT SINGAPORE?
Malaysia’s ties with China, Japan and South Korea are its top diplomatic priorities, the country’s democracy icon Anwar Ibrahim told investors in Hong Kong on Tuesday, as he hailed the direction the country was headed in under his “new comradeship” with nemesis-turned-ally Prime Minister Mahathir Mohamad.
— South China Morning post

Education sector likely to see diverging fortunes
The education sector may see diverging fortunes ahead amid a potentially big change in industry hiring trends that is currently developing.
— The Star Online

DRB-Hicom says 41 from HQ given VSS
DRB-Hicom Bhd in a statement last Friday, said 41 employees from the group’s headquarters in Shah Alam had accepted a voluntary separation scheme offered in July 2018, as part of an on-going reorganisation to prepare it for current and future challenges.
— The Sun Daily

Indonesian fishermen kidnapped off Malaysia’s Sabah state
Two Indonesian fishermen were kidnapped in waters near Malaysia’s Sabah state, police said Tuesday.
— Xinhua

DHL bags Aon Best of the Best Employer in Malaysia
DHL Express (Malaysia) has bagged the Aon Best of the Best Employer award in Malaysia for 2018. This is its fourth consecutive victory in the “Best Employer” category.
— The Edge Markets (video)

Winning start for Malaysia in Women’s World Team Squash tournament
Malaysia got off to a flying start by defeating South Africa 3-0 in the Group D opening tie in the 2018 Women’s World Team Squash Championship in Dalian, China, today.
— Malay Mail

Exercise puts readiness of Malaysia, Indonesia soldiers to the test
More than 700 army personnel from Malaysian and Indonesia are taking part in an annual bilateral training exercise aimed at increasing the readiness of the armed forces of both countries.
— The Borneo Post

An update on acute lymphoblastic leukaemia in Malaysia
Nearly 400 children in Malaysia are diagnosed with blood cancer every year, with the most frequent type being acute lymphoblastic leukaemia (ALL). One in 2,000 children aged below 15 years will be diagnosed with ALL in their lifetime.
— Star2

Bangladesh minister to visit Malaysia, discuss alleged harassment of workers
BANGLADESH’S expatriates’ welfare and overseas employment minister will visit Malaysia soon to discuss the issue of harassment allegedly suffered by many of the country’s migrant workers, said The Daily Star.
— The Malaysia Insight

Chennaiyin FC conclude pre-season training in Malaysia
Indian Super League (ISL) holders Chennaiyin FC (CFC) concluded their four-week-long pre-season camp in Malaysia on Tuesday.
— Business Standard

 

Feature photo Michael Coghlan

 

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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