Malaysia morning news for January 25

Malaysia morning news for January 25

Malaysia morning newsMatrade targets MTCs to generate RM3.8bil increase in export revenue by 2020
The Malaysia External Trade Development Corp (Matrade) has targeted a RM3.8 billion increase in export revenue from mid-tier companies (MTCs) under the Mid-Tier Companies Development Programme (MTCDP) in 2020 from RM2.5 billion recorded as at December 2017.
— New Straits Times

Malaysia’s c.bank holds key interest rate at 3.25 pct
Malaysia’s central bank kept its key interest rate at 3.25 percent on Thursday, as widely expected, with inflation subdued and economic growth supported by domestic consumption.
— Reuters

Mahathir launches national insurance scheme for Malaysia’s lower-income group
MySalam, a national insurance protection scheme for the lower-income group, has been officially launched by Tun Dr Mahathir Mohamad.
— Eleven Myanmar

Malaysian think tank among recipients of tobacco industry’s donations, says UK paper
Malaysia’s Institute for Democracy and Economic Affairs (Ideas) are among free-market think tanks globally that have received donations from tobacco companies and had opposed measures to curb smoking such as higher cigarette taxes, reports by UK daily Guardian has found.
— Malay Mail

AirAsia counter-sues Malaysia Airports for RM400 million
Tony Fernandes’ AirAsia is seeking more than RM400 million (US$97 million) in counter-claims against Malaysia Airports Holdings Berhad (MAHB), after the airport operator sued the low-cost carrier for RM36.11 million in December.
— Business Insider

Malaysia’s Investment Outlook for 2019
Malaysia’s post-election outlook appears challenging for the new government led by Prime Minister Mahathir Mohamad who made a come-back to the political scene. After his election, Mahathir immediately sought to cut costly infrastructure expenditure to ease government debt incurred by his predecessor.
— Asean Briefing

Timber, products exports likely to grow this year
Malaysia’s exports of timber and timber products are expected to grow to RM23 billion in 2019 from RM22.30 billion estimated last year on strong demand from India and as Malaysia seeks new markets in Oceania.
— The Borneo Post

Malaysia’s CPI rise 0.2% in Dec 2018
Malaysia’s consumer price index (CPI) rose 0.2% to 121.1 in December 2018 compared with 120.9 in December 2017, driven by higher price for housing, water, electricity, gas and other fuels, which rose 2%.
— The Sun Daily

Boon Siew Honda to emerge as leading brand in Malaysia
Boon Siew Honda aims to emerge as the leading brand in Malaysia’s motorcycle industry this year while setting the benchmark in each motorcycle segment through its product offerings and strong brand positioning.
— The Edge Markets

Malaysia’s Dec inflation steady at 0.2 pct y/y, below forecast
Malaysia’s consumer price index rose 0.2 percent in December from a year earlier, matching the pace in November, government data showed on Thursday.
— New Straits Times

SINGAPORE SEEKS TO EXTEND TRUCE WITH MALAYSIA OVER AIR AND SEA BORDERS
Singapore is pushing hard to keep its dispute with Malaysia “on an even keel”, political analysts say, after the city state proposed both sides extend temporary concessions in their row over air space and maritime boundaries.
— South China Morning Post

Govt to review wage threshold for expats in Malaysia
The Human Resources Ministry is setting up an independent committee to review the current wage threshold for foreign professionals or expatriates working in Malaysia.
— New Straits Times

Dr M to Macron: Malaysia could curb French purchases if palm oil use restricted
Malaysia will consider laws to restrict imports of French products if Paris does not withdraw plans to curb the use of palm oil in biofuels, Prime Minister Tun Dr Mahathir Mohamad said in a letter to French President Emmanuel Macron.
— Malay Mail

Malaysian royals meet to pick new king after historic abdication
Malaysia’s royal families met to elect a king on Thursday (Jan 24) after the last monarch abdicated following his reported marriage to a Russian ex-beauty queen, with a sports-loving sultan in pole position for the role.
— Channel NewsAsia

Malaysia to explore potential collaborations with Palestine – MITI
Malaysia is committed to bring a government and business delegation, including Khazanah Nasional Bhd, to Palestine to explore potential collaborations in Islamic finance, agriculture and renewable energy.
— New Straits Times

Malaysia Debt Ventures aims lower non-performing financing this year
Malaysia Debt Ventures (MDV) is vying to reduce its net non-performing financing to below 4% this year from 9% as at December last year.
— The Sun Daily

Sabah cops seize RM8 mil worth of cigarettes, alcohol in pre-CNY ops
Sabah police have crippled a contraband smuggling syndicate and made a record seizure of cigarettes and alcohol items worth over RM8 million in a sting operation near here yesterday.
— FMT

malaysia for Top Trekking destinations in Malaysia!!
Malaysia being home to magnificent rainforests, white sandy beaches and some of the tallest mountain ranges, is one of the most adventurous countries in Asia and a picture perfect holiday destination.
— Seattlepi

Malaysia forms tribunal to probe alleged misconduct in 2018 elections
Malaysia has formed a tribunal to investigate allegations of misconduct by the country’s election commission during the 2018 general election, the Attorney-General confirmed on Thursday (Jan 24).
— The Straits Times

Malaysia to grab halal market share at Tokyo Olympics 2020
Malaysia targets to secure a portion of the US$300 million halal market during the 2020 Tokyo Olympics, especially in the food and beverage (F&B) sector.
— The Edge Markets

Malaysia can learn from Thailand on caring for neglected children: Wan Azizah
Malaysia can pick up something from the method implemented in Thailand in tackling the issue of neglected children and babies and those without citizenships, said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail.
— New Straits Times

Malaysia Debt Ventures aims lower non-performing financing this year
Malaysia Debt Ventures (MDV) is vying to reduce its net non-performing financing to below 4% this year from 9% as at December last year.
— The Sun Daily

7 things about healthy ageing in Malaysia
Malaysia is on its way to becoming an ageing nation as life expectancy increases and fertility rates fall.
— Malay Mail

Malaysia, Thailand agree to expedite Friendship Bridges project — Wan Azizah
A joint technical committee meeting to discuss in detail the proposed construction of the two Friendship Bridges between Malaysia and Thailand will be held in Kuala Lumpur in March.
— The Edge Markets

Property investment: 5 main risk factors
PROPERTY has long been a favourable investment option for many in Malaysia. The number of property investors in the country has been growing for the past two decades as more people seek better financial future for themselves.
— New Straits Times

Cops raid Goldman Sachs’ M’sian law firm
Bukit Aman Commercial Crime officers are still at Goldman Sachs’ Malaysian law firm Rahmat Lim & Partners, where they have been conducting a raid since morning.
— The Edge Markets

PRefChem achieves milestone firing up CDU refinery
Pengerang Refining and Petrochemical (PRefChem) achieved a significant milestone when it commenced the start-up of its refinery with the firing up of the Complex’s Crude Distillation Unit (CDU).
— The Borneo Post

DiGi’s 4Q profit strengthens on solid postpaid growth, pays 4.8 sen dividend
DiGi.com Bhd announced today a 4.9% net profit growth in its fourth quarter ended Dec 31, 2018 (4QFY18) to RM377.80 million, from RM360.08 million a year ago, which it attributed to a solid postpaid growth and efficient cost management.
— The Edge Markets

 

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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