Malaysia morning news for January 21

Malaysia morning news for January 21

Malaysia morning newsMalaysia achieves record direct tax collection of RM13.72b in 2018
The Inland Revenue Board of Malaysia achieved a new record in direct tax collection last year, with RM13.723 billion collected, which is 11.13% more than the RM123.312 billion collected in 2017, the Ministry of Finance (MoF) said today.
— The Edge Markets

Malaysia’s GDP expected to expand by 4.9 pct this year — UOB Malaysia
Malaysia’s gross domestic product (GDP) is expected to expand by 4.9 per cent in 2019, albeit at a slower rate than last year.
— The Borneo Post

Malaysia to roll out Tesla-like battery for electric vehicles by 2020
Malaysia will become the first country in Asean to produce lithium ion battery in the next 18 months.
— New Straits Times

Malaysia’s halal export expected to increase 4-5 per cent this year
The Halal Industry Development Corporation Sdn Bhd (HDC), an agency under the Malaysian Ministry of Economic Affairs, expects Malaysia’s halal exports to increase by between four per cent and five per cent this year from the RM43 billion recorded in 2017.
— Borneo Bulletin

Record Malaysia Tax Revenue to Ease Pressure on Budget Deficit
Malaysia’s intake of direct taxes rose to a record last year, easing pressure on a budget deficit that’s expected to mark a five-year high.
— Bloomberg

Third national car can put Malaysia at forefront
The third national car project provides an opportunity for Malaysia-based companies to be at the forefront of the global automotive industry evolution, according to industry watchers.
— The Borneo Post

Malaysia to raise palm oil issue at Asean-EU Ministerial Meeting
Malaysia will reaffirm its position on issues related to its national interests such as those concerning palm oil at the 22nd Asean-EU Ministerial Meeting (AEMM) in Brussels on Monday, said Wisma Putra.
— The Sun Daily

FT minister: Facilities for disabled folks in KL will be increased
Facilities for city folks with disabilities will be increased in stages to ensure they can carry out their daily affairs more comfortably, said Federal Territories Minister Khalid Abdul Samad.
— Malay Mail

Does Malaysia need hate speech laws?
EIGHT months after the historic results of the 14th General Election, the colonial-era Sedition Act is still alive and well.
— The Star Online

WHERE’S MALAYSIA HEADED WITH ITS RACE-BASED PREFERENTIAL POLICIES?
After taking office last year, Malaysian Prime Minister Mahathir Mohamad’s government undertook a midterm review of the national development plan implemented by the previous administration.
— South China Morning Post

Malaysia open to talks if Goldman pays $7.5 bln, minister says
Malaysia’s finance minister said on Friday the government would be ready to discuss dropping criminal charges against Goldman Sachs linked to the 1MDB scandal if the bank pays $7.5 billion in reparations.
— Yahoo news

Icy Malaysia-China relations set to thaw
A RECENT explosive report by the Wall Street Journal (WSJ) “revealing” China’s attempt in 2016 to bail out troubled 1MDB in exchange for projects in Malaysia can potentially deal another blow to Malaysia-China bilateral relations, but both countries have adopted a calm approach towards these “expose”.
— The Star Online

Malaysia says to meet Singapore officials on airspace, maritime disputes
Singapore and Malaysia officials will meet “in the coming weeks” to discuss ongoing disputes about airspace and maritime issues, Malaysia’s Ministry of Foreign Affairs said on Saturday (Jan 19).
— Channel NewsAsia

Malaysia court rules in favour of Wynn Macau in RM17mil case, says lawyer
A Malaysian judge on Friday (Jan 18) ruled in favour of Wynn Macau in a case against a fund manager who owed the casino millions of dollars, the company’s lawyer said, the first time a casino has been allowed to recover dues in the country.
— The Star Online

Malaysia sees Pakistan as a special partner for Palm Oil — Malaysian Envoy
High level Malaysian delegation headed by the Honorable Datuk Seri Shamsul Iskandar bin Mohd. Akin, Deputy Minister of Primary Industries in Malaysia along-with the Secretary General of Malaysian Palm Oil Ministry and other high profile officials from Malaysian Palm Oil Board (MPOB) and Malaysian Palm Oil Council (MPOC) visited Karachi to attend the Pakistan Edible Oil Conference which is being held today i.e. 19th January 2019 at Mövenpick Hotel, Karachi.
— Daily Times

Smartphone boom in rural Malaysia, WhatsApp gossip behind BN’s GE14 downfall?
The higher numbers of rural Malaysians owning and using smartphones in 2018 fuelled “subversive” tactics against the Barisan Nasional (BN) coalition such as gossip on social media platforms WhatsApp and Facebook, eventually leading to BN’s historic defeat in the 14th general election (GE14), new research has argued.
— Malay Mail

Westports’ growth prospects dented by alliances reshuffling
Westports Holdings Bhd (Westports) has garnered neutral views from AmInvestment Bank Bhd (AmInvestment Bank) given that the group has been affected by the recent reshuffling in global shipping alliances.
— The Borneo Post

Malaysia to Focus on Health Not Criminality in New Drug Policy
Malaysia’s new strategy to combat drugs will focus on health and social support for users rather than enforcing criminal laws.
— Bloomberg

Malaysia mulls curfew for under-18s
Malaysia is considering imposing night-time curfews on young people under 18 years of age in a bid to protect them from negative influences such as drugs.
— Bangkok Post

Private retirement schemes attract strong interest
THE private retirement schemes (PRS) attracted strong interest, especially among those aged below 30 years as the net asset value (NAV) rose 20% to RM2.66bil last year.
— The Star Online

Ofisgate aims to list on Bursa in five years
Information, communications and telecommunications (ICT) firm Ofisgate Sdn Bhd plans to list on Bursa Malaysia in five years time as part of its expansion plan.
— New Straits Times

Scomi units in RM36.15m default
Scomi Group Bhd’s sub-subsidiary Urban Transit Private Limited (UTPL) and subsidiary Scomi Engineering Bhd (SEB) have each received a notice of demand from India’s Axis Bank Limited for 624.63 million rupee (RM36.15 million) due to failure by UTPL (as borrower) and SEB (as guarantor) to pay under the bank facilities granted to UTPL.
— The Sun Daily

Kenanga announces first issuance of the year
Kenanga Investment Bank (Kenanga) has announced its first warrant issuance of the year, providing opportunities for investors to trade in a volatile market.
— The Borneo Post

For Malaysia, IAACA has bigger role to play in fight against corruption
Malaysia believes it is time for the International Association of Anti-Corruption Authorities (IAACA) to play a bigger role in the worldwide fight against graft.
— Yahoo news

Malaysia picks trio as lead arrangers for Samurai bond
Mizuho Bank (Malaysia) Bhd, HSBC Bank Malaysia Bhd and Daiwa Capital Markets Ltd (in partnership with Affin Hwang Investment Bank) have been appointed as joint lead arrangers for the 10-year 200 billion yen (RM7.6 billion) Samurai bond.
— The Borneo Post

Lower returns by EPF in 2018 likely
It’s that time of the year again when the much-awaited dividend rates of the Employees Provident Fund (EPF) will be announced.
— The Star Online

Malaysia man arrested for slapping doctor who refused to give wife MC
A 38-year-old man in Malaysia was arrested on Sunday (Jan 20) after he slapped a doctor for refusing to issue a medical certificate (MC) to his wife.
— Channel NewsAsia

Malaysians can finally add ‘boyfriend’ to cart this season
The phenomenon of renting fake girlfriends or boyfriends for Chi­nese New Year began in China a number of years ago and has now landed on our shores.
— Eleven Myanmar

 

Feature photo IAEA

This week’s Malaysia morning news feature photo acknowledges International Day of Education, January 24.

 

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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