Malaysia morning news for January 14

Malaysia morning news for January 14

Malaysia morning newsMalaysian Government Still Deciding Whether or Not to Legalize Cryptocurrency
Malaysian government officials have come out to say they are still undecided on whether or not they will legalize cryptocurrency. The matter is still under consideration, which is frustrating those looking to seize the moment to help the Malaysian cryptocurrency industry grow.
— CCN

Malaysian state picks new sultan, to be elected king
A Malaysian state announced it had a new sultan on Saturday, expected to be elected king after the former monarch abdicated following his reported marriage to a Russian former beauty queen.
— Freepress Journal

Malaysia, Singapore ministers to meet on ‘other bilateral issues’ after ministerial committee talks postponement: Malaysia’s foreign ministry
Malaysia’s economic affairs minister Azmin Ali will meet Singapore ministers to discuss “other bilateral issues” following the postponement of the 14th meeting of the Joint Ministerial Committee for Iskandar Malaysia (JMCIM), Malaysia’s foreign affairs ministry said on Sunday (Jan 13).
— Channel NewsAsia

Boost expects to see market consolidation in near future
Axiata Digital Services, the owner of homegrown e-wallet Boost, expects the e-wallet market to consolidate to between three and five main players in the next two to three years.
— New Straits Times

M’sian firms told to expand into Japan’s halal market
Malaysian companies have been urged to seize opportunities arising from the increase in demand of halal products in Japan especially as the country gears up to host 2020 Summer Olympic Games from July until August next year.
— The Borneo Post

Local contractors should take the lead in ECRL 2.0
INCREASINGLY, it looks quite certain that the highly contentious East Coast Rail Link (ECRL) project is set to resume.
— The Star Online

Malaysian palm oil price rebounds from one-week low on stronger crude prices
Malaysian palm oil futures rebounded from a one-week low on Friday, tracking rises in crude oil prices.
— The Star Online

‘I’m a refugee, not useless’: In Malaysia, they who lost it all help uplift others
Sitting in a circle, the women one by one took turns to read aloud from their notes. “I’ve been suffering since yesterday,” recited one lady in English.
— Channel NewsAsia

Time to set up national transport safety board, Putrajaya told
It is time for the government to establish a national transport safety board (NTSB), transport safety experts and stakeholders said.
— FMT

Tenaga Nasional introducing blended coal at Sultan Azlan Shah Power Station
Tenaga Nasional Bhd is introducing blended coal at its coal-fired power plant in Lumut, Perak, as part of its continuous effort to ensure a sustainable coal supply for electricity generation.
— New Straits Times

Patronage is king?
WHEN Tun Dr Mahathir Mohamad led the opposition to a stunning election victory, he had an effective rallying cry that reflected why Umno’s form of governance was problematic: “Cash is king!” If Dr Mahathir is not careful, worrying recent trends indicate a similarly disconcerting problem about Pakatan Harapan’s government: “Patronage is king!”
— The Star Online

‘Potential Al Rajhi, MIDF merger to brighten local Islamic finance industry’
It is sensible for Al Rajhi Banking & Investment Corp, the world’s largest Islamic lender, to explore merger talks with a Malaysian financial institution to strengthen its position in the country, analysts said.
— New Straits Times

Address the problem of incompetent civil servants
Sharifah, 22, suffers from Attention-Deficit/Hyperactivity Disorder, also known as ADHD, and can neither read nor write. Because she has the mental age of a nine-year-old, she is unsuited for most jobs. She cannot even move around on her own.
— FMT

Genting contests Wynn Resorts claim over casino design
Genting Bhd has contested Wynn Resorts Holdings LLC over its upcoming hotel and casino resort in Las Vegas, claiming that it will look “dramatically different” from Wynn Resorts hotel when it opens for business in 2020.
— New Straits Times

Malaysian Police Meet Chinese Officials on Jho Low, Bernama Says
Malaysian police said they’ve met Chinese authorities to boost efforts in the hunt for fugitive financier Low Taek Jho, according to Bernama news agency.
— Bloomberg

‘Reimbursement’ an election offence, disqualified Cameron Highlands MP insists
MIC vice-president Datuk C. Sivarraajh has claimed today that giving out reimbursements during an election is still considered an offence, after criticising Pakatan Harapan (PH) for allegedly giving out cash during campaigning.
— Malay Mail

Senior citizen loses RM8,000 in parcel scam
A senior citizen lost RM8, 000 after being a victim of a parcel scam from an Instagram acquaintance here recently.
— New Straits Times

Malaysian equities, currency to continue uptrend next week
Malaysia’s equity and foreign exchange markets have begun their uptrend, albeit at a slow pace, tracking the positive sentiment, globally, and the trend is likely to continue next week, according to economists.
— The Edge Markets

Finance Ministry approves direct negotiation to hasten DLP textbooks’ release
The Finance Ministry said today it approved on September 18 last year a request to procure Form Three school textbooks for the Dual Language Programme (DLP) via direct negotiation to expedite the process.
— Malay Mail

Najib’s claim on palm oil prices irresponsible, says Kok
Primary Industries Minister Teresa Kok has dismissed Najib Razak’s claims that the cancellation of Chinese-led projects in the country had affected palm oil prices.
— FMT

‘MONYET’ vests punishment too extreme, says Sabah DCM
The use of a vest with the word MONYET embossed on it as part of trash pick-up sentence in Semporna is an extreme punishment, says Deputy Chief Minister Datuk Jaujan Sambakong.
— New Straits Times

Second Chance shuts almost all boutiques in Malaysia
Second Chance Properties (SCP) has closed all its First Lady boutiques in Malaysia except for one megastore in Kuala Lumpur.
— The Straits Times

Kuwait’s KFH plans asset sales in 2019, including Malaysia
Kuwait Finance House plans to sell assets in the range of 100 million dinars ($330.1 million) to 120 million dinars in 2019, the chief executive was quoted in Al Rai newspaper as saying.
— The Star Online

Three major challenges for the new Malaysia in the coming year
How to create a more ecologically sustainable, inclusive and honest Malaysia in the coming year? Anil Netto looks at the challenges ahead.
— Aliran

Why Malaysia may prefer LCA Tejas over China-Pak’s J-17 fighter?
Malaysia has shown interest in LCA Tejas and reports say that Kuala Lumpur may even prefer it over Sino-Pakistani JF-17 ‘Thunder’.
— One India

 

Feature photo Bernard Spragg. NZ

 

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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