Malaysia morning news for September 21

Malaysia morning news for September 21

Malaysia morning newsNajib Could Spend Rest Of His Life In Jail If Found Guilty – Rosmah Next To Face Charges
Malaysia’s former prime minister Najib Razak pleaded not guilty on September 20 to no less than 21 counts of money laundering and four counts of abuse of power, the highest number of charges brought against him so far.
— Investvine

Malaysia’s inflation to gradually rise after SST implementation
Malaysia’s inflation has been projected to gradually rise after the implementation of the sales and service tax (SST) beginning September 2018.
— The Borneo Post

DHL brings e-commerce COD to Malaysia, Thailand, & Vietnam
E-commerce exporters in China and Australia, consumers in Malaysia, Thailand and Vietnam, and DHL eCommerce are all expecting benefits from the introduction of a Cross Border Cash-on-Delivery (COD) system by Deutsche Post DHL Group.
— AEC News Today

US-China trade war offers chances to Malaysian exporters
As the US is imposing new tariffs on US$200 billion worth of Chinese goods, local exporters are expected to see some increase in orders from the affected players in the two big economies over the next few months.
— Fresh Plaza

Malaysia closely inspecting Australian fruit imports: Health DG
Malaysian health authorities are keeping a close watch on fruits imported from Australia, especially strawberries, as a needle contamination scare grips Down Under.
— New Straits Times

Najib faces 25 charges linked to $681m in 1MDB case
Former Malaysian premier Najib Razak seeks trial for charges linked to $681 million that appeared in his personal bank accounts, as authorities speed up efforts to prosecute those who had allegedly embezzled from the 1MDB state fund.
— Bangkok Post

Malaysia Budget 2019 to reduce SMEs’ dependence on foreign manpower
During the opening ceremony of the Malaysia-China Entrepreneur Conference (MCEC), deputy minister of International Trade and Industry (MITI), Dr Ong Kian Ming, said that the ministry would be focusing on the fourth industrial revolution (Industry 4.0) and reducing SMEs’ dependence on foreign labour as one of the key strategies in Budget 2019.
— Human Resource Online

Malaysian palm oil price hits 3-year low on rising output, stocks outlook
Malaysian palm oil futures fell to a three-year low on Thursday, weighed down by expectations of rising production and end-stocks in producer nations Indonesia and Malaysia.
— The Star Online

Guan Eng urges China to understand Malaysia’s debt problem
Putrajaya hopes Beijing will accept that Malaysia’s cancellation of projects awarded previously to Chinese firms was strictly due to its lack of funds, said Lim Guan Eng.
— Malay Mail

KL named World Book Capital 2020 by Unesco
Kuala Lumpur has been named World Book Capital for the year 2020 by the United Nations Educational, Scientific and Cultural Organisation (Unesco).
— New Straits Times

Felda to sell assets, restructure loans and boost cash flow to reduce debts
Malaysia’s state oil palm plantation agency said yesterday it will sell assets, including property in London, restructure some loans and try to boost cash flow in a bid to trim debts.
— The Sun Daily

Pos Malaysia accepts RM500m credit facilities from Maybank Islamic
Pos Malaysia Bhd has accepted and will execute a seven-year tenure Commodity Murabahah Term Financing-i worth RM500 million granted by Maybank Islamic Bhd.
— New Straits Times

Anwar: Singapore’s issues cannot be compared with Malaysia’s fiasco
PKR president-elect Anwar Ibrahim said today that Singapore’s issues or problems certainly cannot be compared to what he referred to as the fiasco in Malaysia.
— FMT

AmInvest targets RM200m equity value through IGEMS
AmInvest, a conventional and shariah-compliant fund manager for AmInvestment Bank Bhd, targets an equity value of RM200 million through its new fund, AmIntelligent Global Equity Multi Strategy-Developed Market (IGEMS) by the year-end.
— New Straits Times

MH370 news: Has missing Malaysia flight MH370 been found in the Cambodia jungle?
MALAYSIA Airlines flight MH370’s whereabouts have faced much speculation since it disappeared more than four years ago but has the missing plane finally been discovered in a Cambodian jungle?
— Express.co.uk

Malaysia’s Felda to sell assets, reduce debts by year end
Malaysia’s state palm oil plantation agency said on Thursday (Sept 20) it will sell assets, including property in London, restructure some loans and try to boost cashflow in a bid to trim debts of nearly US$2 billion.
— The Straits Times

UOBAM launches equity fund to capitalise on long-term growth of emerging economies
UOB Asset Management (Malaysia) Bhd (UOBAM) has launched the United Global Emerging Markets Opportunity Fund to help Malaysian investors ride on the long-term growth of global emerging markets.
— The Borneo Post

Brem Holding bidding for projects worth up to RM2 billion
Brem Holding Bhd, which is involved in civil engineering and construction, property development and water supply services, is tendering for up to RM2 billion worth of projects.
— The Sun Daily

‘I am not a thief’, says Najib
Embattled former prime minister Najib Razak, who was slapped with 25 fresh corruption and money-laundering charges on Thursday (Sept 20) has once again said that he is not a thief.
— The Nation

31 actors in Malaysia suffer burns after filming goes awry
Fuel that was vaporised caused burns on actors during filming in Bandar Bukit Puchong, Selangor.
— The Straits Times

MDV issues RM230m Islamic medium-term notes
Malaysia Debt Ventures Bhd (MDV), a wholly-owned subsidiary of the Minister of Finance Inc, has issued a RM230 million Islamic medium-term notes (iMTN) from its RM1 billion sukuk facility.
— New Straits Times 

Learning the truth about Malaysia’s formation
IT HAS been 55 years since we became a nation and Malaysians have many blessings to be thankful for.
— The Star Online

EcoWorld Malaysia’s sales rebound strongly, EcoWorld International posts maiden profit in 3Q
Eco World Development Group Bhd’s sales have more than doubled to RM2 billion in the three quarters ended August 31 2018, from RM923 million recorded in the first six months of the financial year.
— New Straits Times

SuperStar Gemini headed to season of Malaysia cruises
Star Cruises’ SuperStar Gemini will be sailing from several Malaysian ports, along with Phuket in Thailand, from Nov. 5 to April 28.
— Seatrade Cruise News

SDP streamlines minimum wage across M’sian operations
Sime Darby Plantation Bhd (SDP) has streamlined the minimum wage for all its workers throughout the company’s operations in Malaysia, in anticipation of the new national rate that the government will enforce in January 2019.
— The Borneo Post

MITEC launches new partnership with UBM Malaysia
The Malaysia International Trade & Exhibition Centre (MITEC) has announced a new five-year agreement with UBM Malaysia.
— Exhibition World

Sukuk instrumental in helping society at large
Sukuk, can be instrumental in helping society at large, and in line with promoting the idea of financial inclusion, said Deputy Finance Minister Datuk Amiruddin Hamzah.
— The Borneo Post

 

Feature photo indragunawan

 

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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