Malaysia morning news for September 5

Malaysia morning news for September 5

Malaysia morning newsDHL eCommerce going green in Malaysia & Vietnam
People receiving parcels and packages by DHL in Vietnam or Malaysia can soon start feeling less guilty about the carbon footprint generated by motorised door-to-door delivery services.
— AEC News Today

Govt to assist rubber smallholders amid low prices
The government will continue to assist rubber smallholders via the Rubber Production Incentive (IPG) scheme to cushion the impact of the current low price period which is expected to persist over the next one to two years.
— The Borneo Post

No ceiling price for airfares, says transport minister
The suggestion to introduce a ceiling price for airfares during festive periods has been rejected, Transport Minister Anthony Loke said today.
— FMT

Malaysian condoms now come in milk tea flavour
A Malaysian condom manufacturer has added the country’s favourite drink, teh tarik, or hot milk tea, to their list of flavoured condoms.
— The Nation

A closer look at Malaysia’s new sales tax 
Malaysia’s new Sales and Services Tax kicks in on Saturday (Sep 1), replacing the unpopular Goods and Services Tax introduced in 2015 by the former government.
— Channel NewsAsia (video)

Pharma to Market Expands Into Malaysia
Directors of Pharma To Market announce the expansion of their APAC footprint with the establishment of their Malaysian entity – Pharma To Market Sdn Bhd.
— AEC News Today/ PR Newswire (media release)

Malaysia’s Forest City housing open to foreign buyers, state chief vows
The chief minister of the Malaysian state of Johor said on Tuesday foreigners are welcome to buy property in Chinese developer Country Garden’s controversial $100 billion Forest City project on Malaysia’s southern shore.
— Nikkei Asian Review (paywall)

PBDSB: Scrap LRT project, improve and upgrade public transportation
Parti Bansa Dayak Sarawak Baru (PBDSB) wants the deferred light rail transit (LRT) project to be scrapped altogether, and for the public transportation system to be improved and upgraded to ensure efficiency.
— The Borneo Post

Malaysia continues to dominate the sukuk market
Moody’s Investors Service expects sukuk issuance by Islamic financial institutions in Malaysia to grow 10-13% in 2018 and Malaysia will remain key a issuer in south-east Asia.
— The Star Online

Crazy Rich Asians: 5 filming locations in Malaysia to visit
The critically acclaimed romantic comedy ‘Crazy Rich Asians’ starring Malaysian actors Henry Golding and Tan Sri Michelle Yeoh may be set in Singapore, but many of its scenes were filmed at various locations across Malaysia.
— New Straits Times

Top executives at Malaysia’s FGV leave amid management shake-up
Three top executives at Malaysian palm oil producer FGV Holdings left the company at the end of August, in a management shake-up at the world’s largest crude palm oil producer, three sources familiar with the company operations said on Tuesday (Sept 4).
— The Straits Times

Malaysia Decision Guide: Rates on Hold as Fiscal Worries Mount
Malaysia’s central bank is set to keep interest rates unchanged on Wednesday, providing policy stability amid worries about the government’s finances and a deepening emerging-market rout globally.
— Bloomberg

Cambodians rescued from Malaysian plantation
Malaysian Police yesterday rescued 23 Cambodian workers believed to be victims of exploitation at a plantation in the state of Kedah.
— Khmer Times

Aramco plans to ship first crude oil to Malaysia JV refinery in October: sources
Saudi Aramco plans to deliver the first crude oil cargo to its joint-refinery project with Petronas in Malaysia in October as the companies prepare for trial runs at the new plant, several sources with knowledge of the matter said on Tuesday.
— Reuters

The Perks of Obtaining Permanent Residency and Citizenship by Investing in Europe for Malaysians
Mobility is one of the top advantages of investing in European residency and citizenship.
— AEC News Today/ PR Newswire (media release)

Trina Solar launches Trinahome system in Malaysia
Solar energy solutions maker Trina Solar Ltd has launched its Trinahome solar system in Malaysia.
— The Edge Markets

Wirecard’s Integrated Payment Solution Now Available Across Online IKEA Stores in Malaysia
Online shoppers at IKEA can now benefit from Wirecard’s integrated payment solution launched in Malaysia today.
— AEC News Today/ PR Newswire (media release)

DPM Teo on working visit to Malaysia from Sep 4 to 9
Singapore Deputy Prime Minister is making a working visit to Kuala Lumpur, Kuching and Kota Kinabalu from Sep 4 to Sep 9, the Prime Minister’s Office said in a statement on Tuesday (Sep 4).
— Channel NewsAsia

Malaysia’s new government is pushing back against China
Mahathir Mohamad, once a loyal friend to China, is now leading the resistance against Chinese domination in the region.
— Aljazeera

More members opting for flexible withdrawal, says EPF
Employees Provident Fund members have increasingly opted to retain part of their savings with the retirement fund as evidenced by their growing preference for flexible withdrawals.
— The Star Online

IJM wins RM505mil Affin HQ contract
IJM Corp Bhd has bagged a RM505mil contract from Affin Bank Bhd to construct the bank’s 47-storey headquarters building at Tun Razak Exchange (TRX).
— The Star Online

U Mobile inks RM1 billion credit facility with UOB Malaysia
U Mobile Sdn Bhd has inked a three-year RM1 billion term loan credit facility with United Overseas Bank (Malaysia) Bhd (UOB Malaysia) to fund its various capital expenditure programmes, including the company’s network expansion and enhancement goals across the country.
— The Sun Daily

Goh Wee Peng appointed CEO of AmFunds Management
AmInvest’s Goh Wee Peng has been appointed the chief executive officer (CEO) of AmFunds Management Bhd, effective Aug 28, 2018.
— The Star Online

Corporate earnings in Q2 ‘show some semblance of improvement’
PublicInvest Research said the second-quarter’s earnings report card showed some semblance of improvement following the previous quarter’s letdown, but the uptick may not be structural in nature.
— The Sun Daily

Poorer set of results for Coastal Contracts
It was a weaker year for Coastal Contracts Bhd (Coastal Contracts) as its core net profit for financial year 2018 (FY18) rounded up to RM28.3 million – after stripping-off foreign exchange, inventories written-down and impairments – which came in below expectations.
— The Borneo Post

More foreign investors turning to Malaysia due to trade war
The on-going US-China trade war has spurred increasing interest among foreign investors to move their regional operations to Malaysia, said an International Trade and Industry Ministry (MITI) official.
— The Edge Markets

The reality of Malaysia’s laws on homosexuality | R.AGE
Malaysia is listed as one of 72 countries that criminalise homosexuality, but take a closer look at the laws and you’d discover it’s not really that simple.
— The Star Online

Malaysia Attorney-General not involved in Lim Guan Eng’s acquittal: Prosecutor
The man who decided not to pursue corruption charges against finance minister Lim Guan Eng and businesswoman Phang Li Koon said on Tuesday (Sep 4) that Malaysia’s Attorney-General (AG) had no hand in the decision.
— Channel NewsAsia

68-year-old man in Malaysia gets 12 years, 2 strokes for sexually abusing baby
A senior citizen was jailed 12 years by a Sessions Court here for inserting his finger into an 11-month-old baby girl’s private part last month.
— AsiaOne

 

Feature photo Jason Thien

 

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.

The following two tabs change content below.

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

Latest posts by Sreypov Men (see all)

Support independent media by sharing using these tools. Do not steal our content

Leave a Reply

Your email address will not be published.