Malaysia morning news for January 18

Malaysia morning news for January 18

Malaysia morning newsWHO should retract and rectify wrongful allegations against palm oil industry
Malaysia wants World Health Organisation (WHO) to retract and rectify its recent wrongful allegations of likening palm oil marketing to that of lobbying tobacco and alcohol.
— New Straits times

University of Malaya top Asean emerging economies university again
The University of Malaya (UM) has garnered the top spot in the Times Higher Education (THE) Emerging Economies University Rankings 2019 (EEU2019) for Asean universities. Leaping nine places over its global EEU2019 ranking of 27 last year, UM finished in its highest position yet, ranked 18th globally.
— AEC News Today

Car sales in Malaysia to shift to lower gear
The Malaysian automotive sector is expected to shift into lower gear in 2019 as total vehicle sales are projected to be flattish, marking a sharp reversal from last year’s stronger-than-expected sales performance.
— The Star Online

Employers warned over RM1,100 minimum wage
he Sabah Labour Department urged employers to adhere to the RM1,100 minimum wage lawenforced under the Labour Ordinance (Sabah).
— Daily Express

Malaysian tower provider allocating $1 billion for Philippine expansion
MALAYSIA-BASED tower company edotco Group Sdn Bhd said it is investing at least $1 billion to build telecommunications infrastructure in the Philippines.
— BusinessWorld Online

Economic Affairs Ministry developing blueprint for Malaysia’s future growth
The Economic Affairs Ministry (MEA) has begun preparing a post-2020 development framework to chart the long-term direction of the nation’s socioeconomic progress.
— New Straits Times

Hot : Mahathir’s Malaysia bans all Israeli nationals from events it hosts
Malaysian Prime Minister Mahathir Mohamad’s government on Wednesday defended its hardline anti-Israel stance as it declared it would not budge on banning Israeli athletes from an upcoming Paralympics swimming qualifier despite facing criticism for that stance.
— The Nation (very annoying popups)

Malaysia revises school textbook which tells girls sex is shameful
The Malaysian education ministry has ordered the removal of a page from a school textbook which warned young girls that having sex would bring shame on their families and urged them to “protect the modesty of their genitals”.
— The Guardian

BMW Malaysia posts record sales of 14,338 vehicles
BMW Group Malaysia posted record sales of 14,338 vehicles in 2018, tracking the automaker’s strong worldwide performance
— The Star Online

Laundry cat killer sentenced to two years’ jail
The Selayang Sessions Court sentenced a taxi driver to two years jail for causing the death of a pregnant cat at a laundry in Gombak in September last year.
— The Nation (annoying popups)

MALAYSIA WON’T BE PRESSURED INTO CPTPP: TRADE MINISTER DARELL LEIKING
Malaysia will not be pressured into ratifying a 11-nation Asia-Pacific trade deal it signed up to under the scandal-tainted former prime minister Najib Razak, its trade minister said on Thursday, as he raised the prospect of holding out for bilateral tariff pacts instead.
— South China Morning Post

Malaysia: Forest City sent plan for supply of affordable homes
Developer of Forest City project in Johor has proposed a plan to address supply of affordable homes in the project, which is the issue raised by Malaysian govt, Minister of Housing and Local Govt Zuraida Kamaruddin tells reporters in Kuala Lumpur.
— The Edge Markets

Malaysia to double palm oil use in biodiesel by 2020
The government says Malaysia plans to double the mix of palm oil in its biodiesel programme by 2020 in a bid to reduce high domestic stockpiles and boost sustainable energy sources.
— FMT

Sugar tax may not solve Malaysia’s obesity crisis
Mahathir Mohamad, who swept to power at the age of 92 in Malaysia in a surprise election victory last May, is determined to do things differently from his predecessor. One thing he has set his sights on is the nation’s waistline.
— Financial Times

Delays in Malaysian democratisation
Malaysia’s most important political event last year was also the most important of the past 50 years. To the astonishment of practitioners and observers alike, the ruling United Malays National Organisation (UMNO) and the Barisan Nasional coalition that it led were defeated in a general election in May 2018 and replaced by Mahathir Mohamad’s Pakatan Harapan coalition.
— East Asia Forum

Goldman Sachs CEO apologises to Malaysia over 1MDB
The head of Goldman Sachs on Wednesday apologised to Malaysia for a Goldman partner’s role in the 1MDB scandal even as he defended the firm as a whole.
— New Straits Times

Mavcom says committed to growth of aviation industry in Sabah, Sarawak
The Malaysian Aviation Commission (Mavcom) is committed to ensuring that the aviation industry in Sabah and Sarawak will be provided with the economic needs of the two states.
— Malay Mail

MCMC approves MYEG’s courier service license
Malaysian Communication and Multimedia Commission (“MCMC”) has approved the renewal of My EG Services Bhd’s courier service license.
— New Straits Times

Quick take: Berjaya Land’s RM1.64b Okinawa resort
In November 2016, tycoon Tan Sri Vincent Tan announced Berjaya Land Bhd’s plan to build a Four Seasons resort on the 100-acre site in Okinawa.
— The Star Online

Malaysia urges France to accord equal opportunities to palm oil trade
Malaysia is urging France president Macron to stop discriminating and accord equal opportunities to palm oil trade like that of other vegetable oils such as rapeseed and sunflower.
— New Straits Times

SERC: Clarity, consistency needed in fiscal reforms to restore investor sentiment
The Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said the priority for the government right now should be on exuding certainty, clarity and consistency in embarking on fiscal reforms to restore investor sentiment and preventing the economy from slowing down.
— The Sun Daily

Indigenous people biggest losers in Malaysia, says chief justice
NINE years have passed since Malaysia adopted the United Nations Declaration on the Rights of Indigenous People (UNDRIP), but the community remains marginalised and ignored in their own country, said Chief Justice Richard Malanjum.
— The Malaysian Insight

Malaysian PM to visit Britain on bilateral ties
Malaysian Prime Minister Mahathir Mohamad will undertake a working visit to Britain, the Malaysian Foreign Ministry said on Thursday.
— Xinhua

Malaysian B2B procurement platform nabs seed funding for market expansion
Dropee is a Malaysia-based B2B e-procurement marketplace specializing in the food and beverage, fast-moving consumer goods, and retail market segments. Its platform connects suppliers to small and medium-sized enterprises (SMEs) in real time to streamline procurement processes.
— Tech in Asia

Barakah shares jump 18%, on active trade after securing Petrofac contract
Barakah Offshore Petroleum Bhd’s share price rose as much as 18.18% this morning after the company secured a five-year contract from Petrofac (Malaysia-PM304) Ltd.
— The Sun Daily

SEA Hibiscus appoints RISC to undertake audit on North Sabah PSC
Hibiscus Petroleum Bhd’s wholly-owned unit, SEA Hibiscus Sdn Bhd, had on November 2018 appointed RISC Advisory Pty Ltd to undertake an independent audit and provide an assessment of reserves and contingent resources within the Barton, St Joseph, South Furious and SF 30 oil fields in the North Sabah PSC, offshore Sabah.
— The Borneo Post

Rural air services in East Malaysia to remain a priority, says Mavcom
The Malaysian Aviation Commission (Mavcom) is committed to ensuring that the aviation industry in East Malaysia serves the economic needs of the two states.
— The Edge Markets

S’wak-based Supreme makes strong debut on LEAP Market
Supreme Consolidated Resources Bhd (Supreme) made a strong debut on Bursa Malaysia’s LEAP Market yesterday, with its shares opening at a premium of RM0.60 per share, 20 per cent over the Initial Public Offering (IPO) price of RM0.50.
— The Borneo Post

Affin Hwang targets RM50m in securities lending
Affin Hwang Investment Bank Bhd, which has launched its Securities Borrowing and Lending (SBL) for retail investors today, is targeting to achieve RM50 million in its securities lending book size in 2019.
— The Sun Daily

Cautiously optimistic on IJM Plantation prospects — Kenanga
After coming away from a recent IJM Plantations Bhd (IJMP) briefing, analysts are cautiously optimistic on the plantation player’s prospects.
— The Borneo Post

 

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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