Malaysia morning news for January 2

Malaysia morning news for January 2

Malaysia morning newsMalaysia’s official reserve assets at US$102.03bil
Malaysia’s official reserve assets amounted to US$102.03bil as at end-November 2018, while other foreign currency assets stood at US$51.6mil for the same period, Bank Negara said.
— The Star Online

Fixing petrol prices consider consumer, seller interests – Tun M
Petroleum retail prices will be determined at the Cabinet meeting tomorrow, after considering the interests of both buyers and sellers.
— New Straits Times

How future tech could boost Malaysia’s retail industry
RETAIL is big business for Malaysia and accounts for 10 percent of the nation’s GDP.
— Tech Wire Asia

Malaysians urged to continue the fight to eliminate nuclear weapons
The Malaysian co-founder of the 2017 Nobel Peace Prize winner has urged the world to maintain the campaign to rid the world of nuclear weapons.
— Asia One

AirAsia to stop collecting ‘klia2 fee’, says CEO
AirAsia will stop collecting the RM3 “klia2 fee” beginning “next week”, says AirAsia Group chief executive Tan Sri Tony Fernandes.
— The Star Online

Malaysia needs 3 years to restore fiscal health: Guan Eng
Malaysia will require three years to restore its fiscal health and take its position as “the most promising emerging economy” to achieve high-income status, according to Finance Minister Lim Guan Eng.
— The Sun Daily

Malaysia will adopt a modest and cautious approach on regional issues
Malaysia will continue to adopt a modest and cautious approach in resolving any issues concerning neighbouring countries in the Asean region.
— New Straits Times

India cuts tax on palm oil imports; Malaysia to gain most
India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said.
— Economic Times

Rapid digital transformation changes customers’ expectation with airlines
Customers’ expectations of their interaction with airlines are changing due to the rapid digital transformation among digital players including Uber, Airbnb and Google Flights.
— New Straits Times

Malaysia Airline rebrands its Business Class, drops First Class
Malaysia Airlines is exiting the First Class market and will rebrand its Airbus A380 and A350 First Class cabins as an upgraded version of Business Class dubbed Business Suites.
— Menafn

Singapore to abolish motorcycle toll charges at Second Link from Jan 21
Singapore will match the removal of motorcycle tolls at the Second Link from Jan 21, according to Singapore’s ministry of transport today.
— New Straits Times

Mixed opinions on consumer segment for 2019
Analysts have mixed opinions on how the consumer segment will fare in 2019.
— The Borneo Post

Another turbulence is anticipated for 2019 for airlines market
Airlines’ earnings in Southeast Asia will likely slip further next year, following deterioration in market conditions in the second-half of 2018.
— New Straits Times

Malaysia to switch off analogue TV signals by end-March 2019
MYTV Broadcasting Sdn Bhd will distribute a total of 1.5 million free decoder sets nationwide in phases, to begin in January 2019, in line with the scheduled switch-off of analogue TV signals in Malaysia by end-March 2019.
— The Edge Markets

Foreign funds offload RM128m off Bursa for 8 consecutive weeks
Malaysia has seen the largest foreign fund outflow since 2015, with RM11.65 billion net flowing off Bursa Malaysia so far this year until December 28.
— New Straits Times

More public places to be included in smoking ban
The minister of health today said the government intends to keep increasing the number of public places where smoking will be prohibited.

No agreement on Dr Mahathir as PM for only two years: Saifuddin
Tun Dr Mahathir Mohamad’s term as an interim prime minister has never been discussed at the Pakatan Harapan (PH) presidential council’s meeting, its secretary-general Datuk Saifuddin Abdullah said today.
— New Straits Times

Envoy: China ready to further cement ties with Malaysia
China is ready to work with Malaysia on a new effort to further strengthen the cooperative partnership between the two countries, said China’s ambassador to Malaysia Bai Tian.
— The Star Online

Malaysia to play more active role in global affairs, says Saifuddin
Malaysia is ready to play a more active role in global affairs in a bid to make the world more peaceful, fair and prosperous, said Foreign Minister Datuk Saifuddin Abdullah.
— Malay Mail

All’s quiet on all fronts of building materials sector
Analysts at AmInvestment Bank Bhd (AmInvestment Bank) downgraded its call on the building material sector to underweight from neutral due to sustained weakness in the sector.
— The Borneo Post


Feature photo Mohammad Firdaus Mokpink

This week’s morning news photo focuses on the death, pain, and loss that typically occurs at this time of year on Asean roads due to drunk driving, speeding, and a failure to wear protective helmets when travelling on motorbikes.


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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