Malaysia morning news for January 17

Malaysia morning news for January 17

Malaysia morning newsMalaysian Automotive Association slams govt for delaying new car pricing approval
The Malaysian Automotive Association (MAA) has today slammed the government for the alleged delay in approving new car models’ pricing. MAA said the delay has affected members’ plan to launch new vehicles.
— The Edge Markets

Malaysia hopes for RCEP to finalise by end-2019
Malaysia hopes to conclude talks with other Regional Comprehensive Economic Partnership (RCEP) member countries by the end of this year.
— New Straits Times

Property market to remain challenging in 2019: CBRE | WTW
The property and real estate market for Malaysia in 2019 will remain challenging across all property sectors, says CBRE | WTW managing director Foo Gee Jen.
— New Straits Times

World Bank describes digital asset law as pragmatic
The Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019, which comes into force today, is a pragmatic approach by the authorities to regulate digital currencies and assets, says the World Bank.
— The Borneo Post

UM is top university in Malaysia, says Times Higher Education ranking
University of Malaya (UM) is the best performing university in Malaysia, according to the recent release of Times Higher Education Emerging Economies University Rankings (THE-EEUR).
— The Edge Markets

Malaysia Airports to assist AirAsia during planned Navitaire New Skies reservation system upgrade
CAPA publishes more than 400 global News Briefs every weekday, covering all aspects of the aviation and travel industry.

Malaysia still needs death penalty, lawyers claim
Two lawyers today claimed the country is not ready to have the death penalty abolished and urged the government to exercise due diligence with public interest as a priority.
— Malay Mail

Malaysia auto sales to grow 1.4% in 2019 — Frost & Sullivan
Frost & Sullivan expects Malaysia’s sale of vehicles to grow 1.4% to reach 609,700 units this year, driven by consumer confidence throughout the year.
— The Edge Markets

Perodua Aruz could increase competition in non-national B-segment market
Perusahaan Otomobil Kedua Sdn Bhd (Perodua) foray into the sport utility vehicle (SUV) segment will likely impact sales of non-national B-segment, lower-end multi-purpose vehicle (MPV) as well as crossover segments.
— New Straits Times

Malaysia keeps Feb crude palm oil export tax at 0%
Malaysia kept its export tax on crude palm oil for February at 0%, according to a circular on the Malaysian Palm Oil Board’s website on Wednesday that cited the national customs department.
— The Edge Markets

Filipino in remand for allegedly using fake ID to apply for job in Malaysia
A Filipino man is in remand for two days to facilitate investigation by the National Registration Department (NRD) for allegedly using a false identity card to apply for a job.

Malaysia says it won’t host any more events involving Israel
Malaysia’s foreign minister says the government will not budge over a ban on Israeli athletes in a para swimming competition and has decided that the country will not host any events in the future involving Israel.
— Daily Journal

Holista CollTech partners with Malaysian manufacturer to produce healthy Asian flatbreads
Holista CollTech Limited (ASX:HCT) has partnered with Malaysian listed Kawan Food Berhad to develop a range of low-Glycemic Index (GI) Indian flatbreads.
— Proactive Investors

Financial safety nets needed for safer capital flows, says BNM
Bank Negara Malaysia (BNM) welcomes efforts to strengthen regional and global financial safety nets to manage the negative effects of financial globalisation and to have safer capital flows.
— The Borneo Post

KLCI closes lower on selling of Tenaga, Public Bank
Bursa Malaysia stayed in the red throughout Wednesday on lacking of strong rerating catalysts while selling of Tenaga Nasional and Public Bank sent the FBM KLCI into the red.
— The Star Online

Domestic labour market solid — Analysts
Malaysia’s labour market remains strong, despite easing 0.1 percentage point to 68.4 per cent in November compared with the previous month, analysts say.
— The Borneo Post

Singaporeans still shopping in Malaysia, says retail group
Retailers in Johor Bahru and Melaka are continuing to receive customers from Singapore despite the current tension between the republic and Malaysia, according to the Malaysian Retailers Association.

Cautious start for KLCI as Public Bank, PChem and Tenaga weigh
Blue chips started Wednesday on a cautious footing on Wednesday as the FBM KLCI gave up most of its previous day’s gains, weighed by losses in Public Bank, Petronas Chemical and Tenaga Nasional.
— The Star Online

Kawan Food partnering with Holista Colltech for low-glycemic index flatbreads
Frozen food manufacturer Kawan Food Bhd has partnered with the food ingredient specialist Holista Colltech Ltd to produce a range of low-glycemic index (GI) flatbreads, including roti canai and chappati, for local and international markets.
— The Sun Daily

Surina Shukri named CEO of Malaysia’s MDEC
Surina Shukri has been appointed the new chief executive officer of Malaysia Digital Economy Corporation, according to a statement on Tuesday.
— DealStreetAsia

Johor’s Iskandar Malaysia records RM32.23b in new investments
IJohor’s Iskandar Malaysia has attracted a total of RM32.23 billion in new investments last year, said Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim.
— Malay Mail

CBRE-WTW: Low occupancy rate for high-rise projects
The overall property market is expected to grow this year but will continue to face challenges across all sectors.
— The Sun Daily

Malaysian primary school textbook to be revised after outrage over ‘victim-shaming’ content
An immediate revision has been ordered on a Year Three textbook critics say told girls they would be ostracised and bring disrepute to their families if they did not protect their modesty.
— AsiaOne

Malaysia’s Malindo Air crew in $20 million drug smuggling syndicate, say Australian police
Cabin crew of international airline Malindo Air have been accused of being members of a smuggling syndicate bringing illegal drugs from Malaysia to Australia, it was reported on Wednesday (Jan 16).
— The Straits Times

Check your facts, Najib: Malaysia defence minister denies using army helicopter in by-election
Malaysian Defence Minister Mohamad Sabu on Tuesday (Jan 15) denied allegations by former prime minister Najib Razak that he used an Armed Forces helicopter to help campaign in the Cameron Highlands by-election.
— Channel NewsAsia

Supreme Consolidated Resources rises 30% after Leap market debut
Supreme Consolidated Resources Bhd rose as much as 30% to 65 sen this morning after making a firm debut on Bursa Malaysia’s Leap market.
— The Sun Daily

No tsunami threat to Malaysia after 2 quakes
A STRONG earthquake measuring 6.4 on the Richter scale hit Vanuatu Islands at 2.06am today.
— The Malaysian Insight


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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