Malaysia morning news for September 19

Malaysia morning news for September 19

Malaysia morning newsMalaysia sets new goal of 18% clean energy generation by 2030
The Energy, Science, Technology, Environment and Climate Change Ministry has set a target of 18% of the country’s electricity to be generated from renewable sources by 2030, an increase from 2% currently.
— The Edge Markets

No nuclear plants for Malaysia: Dr M
In his speech to over 2,000 delegates attending the Conference of the Electric Power Supply Industry (CEPSI) 2018, Prime Minister Tun Dr Mahathir Mohamad said Malaysia did not believe in using nuclear power to generate electricity because of the drawbacks involved.
— The Sun Daily

Asean office space Q2 2018: Manila rallies, Bangkok balloons, Phnom Penh flat, KL in the red
Amidst the slow growth of property markets across the Asia-Pacific region the Philippine capital of Manila leads recording the strongest growth in the second quarter of this year (Q2 2018).
— AEC News Today

Electricity industry to undergo transformation with MESI 2.0
The electricity industry is set to undergo a transformation through the implementation of the Malaysia Electricity Supply Industry (MESI) 2.0 reforms aimed at enhancing the domestic electricity supply industry.
— New Straits Times

CIMB launches contest to discover young digital entrepreneurs in ASEAN
Malaysia’s CIMB Group Holdings has launched the CIMB 3D Conquest, a competition that aims to identify and attract ASEAN’s top creative, young digital talent with an agile and entrepreneurial mindset.
— Yahoo News

New vehicles sales rises 26.8pc to 65,551 units in August
New vehicles sales in August 2018 rose 26.8 per cent year-on-year (YoY) to 65,551 units from 51,716 units in the same period 2017, according to the Malaysian Automotive Association (MAA).
— New Straits Times

Suspected alcohol poisoning kills 15 in Malaysia, more than 30 hospitalised
Fifteen men have died and 33 others hospitalised after coming down with suspected alcohol poisoning, said Malaysian police on Tuesday (Sep 18).
— Channel NewsAsia

Najib explains why he told Mahathir ‘cash is king’
Former prime minister Najib Razak today not only admitted he had said “cash is king” to Dr Mahathir Mohamad, but also clarified what he had meant by it.
— FMT

Malaysia’s household spending to remain the key driver of GDP growth
Household spending will remain the key driver of GDP growth in Malaysia through to 2019, said ICAEW in its latest Economic Insight: South East Asia report.
— The Star Online

Malaysia’s Axiata scraps US$940m Pakistan deal after regulatory issues
A unit of Malaysian telecoms firm Axiata Group has called off a US$940 million deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago.
— The Business Times

Malaysia shuts down Chinese petro companies
Malaysia has pulled the plug on three Chinese oil and gas pipeline projects.
— ANI News

Tun and Mahathir among most popular names in Malaysia
Malaysian Prime Minister Mahathir Mohamad seems to be quite popular among parents in the country.
— Channel NewsAsia

Malaysia in talks with ‘relevant parties’ to bring back Jho Low’s jet: Foreign Minister Saifuddin
Malaysia is in talks with “the relevant parties” involved to bring Jho Low’s private jet – which is believed to have been bought by the fugitive financier using money stolen from the country – back from Singapore.
— Channel NewsAsia

Foreign investors gradually return to Malaysian bourse
Offshore investors slowly made a comeback to Bursa Malaysia during the three-day trading week, MIDF Research said.
— New Straits Times

Malaysia needs to get serious on tackling homelessness
Homeless people are often depicted as persons who sleep on the streets, cannot give a satisfactory account of themselves and beg for alms.
— Asia Times

General Electric expands footprint in Malaysia with aviation and IT initiatives
General Electric chairman and chief executive officer John Flannery has reaffirmed the US engineering giant’s continued commitment to Malaysia with a major US$80 million investment in GE Engine Services Malaysia (GEESM).
— New Straits Times

Pharmaceuticals to gain from govt healthcare policies
Generic pharmaceutical producers are best poised to benefit from the deliberated government policies overlooming the healthcare sector.
— The Borneo Post

Shopee records its highest ever single-day sales
E-commerce platform Shopee achieved a new milestone with the highest-ever single day sales performance in its history with over 5.8 million orders recorded; amounting to three times more than an average day.
— The Star Online

M’sia, Indonesia urged to work together to enhance palm oil usage
Malaysia and Indonesia should work together to enhance the usage of palm oil in the global market and tackle the misunderstanding surrounding the commodity, particularly in Europe and the United States, Oil World executive director Thomas Mielke said.
— The Borneo Post

Hilton to double presence in Malaysia over the next few years
OVER the next three to five years, US-based hospitality chain Hilton Hotels & Resorts will add nine new hotels with a total room inventory of 3,000 in Malaysia.
— The Edge Markets

Policy makers urged to make way for more disruptions in the energy industry: TNB
Policy makers have been urged to re-examine their respective regulatory framework to make way for more disruptions in the energy industry towards ensuring economic viability, energy security and conservation of the environment.
— New Straits Times

Grab fares up? Supply and demand, says Malaysian rep
Grab Malaysia insisted today that it has not raised its ride-hailing fares contrary to widespread public perception.
— Malay Mail

Malaysia shares retreat as trade war escalates, Singapore edges down
Malaysian shares fell Tuesday led by heavyweight banks as investors returned from another extended weekend to markets rattled by escalating U.S.-China trade war. Singapore shares also edged lower.
— Nikkei Asian Review (paywall)

Contagion risk low for Malaysia despite ringgit continuing to weaken against the greenback
Despite the continued weakening of the ringgit against the US dollar, Malaysia can still sustain currency stability during any financial shock that may add to the risk of contagion in the emerging markets.
— New Straits Times

BMW i8 Roadster launched in Malaysia – RM1.5 million
Just over a month after the facelifted BMW i8 Coupé was launched in Malaysia, it’s now time for the debut of its open-top sibling, the i8 Roadster. The plug-in hybrid sports car is pretty much the same as it has always been, but now indulges the owner in a bit of alfresco driving.
— Paultan

Sime Prop makes it into DJSI, only Malaysia real estate company to make cut
Sime Darby Property Bhd (Sime Prop) has been recognised as an index component of the Dow Jones Sustainability Indices (DJSI), after obtaining a good sustainability score that qualified it as an index constituent in the Dow Jones Sustainability Emerging Markets Index.
— The Edge Markets

Royal Mas’s “Little Durian” brand to hold promotion event in Shanghai
On October 20, 2018, the Malaysian brand, Royal Mas, will hold a special durian event in Shanghai. FreshPlaza interviewed Royal Mas’s executive chairman Datuk Vincent Chan about the purpose and format of the event.
— Fresh Plaza

The fallacy of ‘academic freedom’ in Malaysia
There are two fallacies of academic freedom currently held by activists and academics in Malaysia. The first is that there is no intellectual or academic freedom in the country. The second is that academics must be allowed “total freedom” to say what they wish in the name of the academia.
— FMT

More KFC outlets in Bandar Seri Sendayan?
KFC Malaysia and Matrix Concepts Holdings Bhd are looking into the prospect of opening more KFC outlets in Bandar Seri Sendayan, here.
— New Straits Times

FinTech plays important role for SME growth: Hong Leong Bank
Hong Leong Bank Bhd (HLB) said it sees the robust and fast-growing financial technology (FinTech) landscape as an important co-facilitator with the banking industry to spur small-and-medium sized enterprises (SME).
— The Sun Daily

WCT Holdings bags RM1.77 bil contract for mixed-property construction from Impian Ekspresi
WCT Holdings Bhd’s unit WCT Bhd has bagged a RM1.77 billion mixed-property construction contract from Impian Ekspresi Sdn Bhd (under the proposed Pavilion Damansara Heights commercial development.
— New Straits Times

New unifi 100Mbps plan at RM 129 per month
Telekom Malaysia Bhd (TM) has introduced the new unifi 100Mbps plan at RM129 per month – a broadband experience with unlimited usage, access to unifi PlayTV packages and free 600 minutes of voice calls.
— The Star Online

 

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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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