Malaysia morning news for January 28

Malaysia morning news for January 28

Malaysia morning news“Cost Too High”: Malaysia Scraps $19 Billion China-Backed Rail Project
A multi-billion dollar China-backed rail project in Malaysia has been scrapped, government officials said Saturday, adding that the cost of building it was too high.

Malaysia’s rising illegal plastic recycling factories
The plastics processing industry in Malaysia is worth an estimated $840m, but not all of the imported plastics can be recycled and will end up in landfills, at huge financial and environmental costs.
— Aljazeera

Can a sugar tax dent Malaysia’s sweet tooth?
With the noble goal of pushing a country’s population towards healthier alternatives, the sugar tax is a much-debated topic. While critics deride the policy as ineffective due to consumers’ resistance to change, its supporters hail the tax primarily as a means to curb soaring obesity rates, tooth decay and non-communicable diseases (NCD) such as diabetes, heart attack and cancer.
— The Asean Post

Resolving Malaysia’s airport conundrum
The story of tenants not seeing eye to eye with landlords is one that endures the test of time. Tenants often find fault with their landlords in upholding their rented property’s expectations, whilst landlords feel they do their level best to provide what they deem as meeting the bar.
— The Borneo Post

Malaysia to host ‘Inclusive Trade in Commonwealth’ workshop
Malaysia will host a maiden two-day workshop on “Inclusive Trade in Commonwealth” whose main agenda will be to discuss the role of women entrepreneurs in international trade and economic activity.
— Malay Mail

More investors expressed interest in Sabah’s furniture
The Seminar on the New Era of Manufacturing for Furniture & Wood-Based Industry by Malaysian Investment Development Authority (MIDA) held on January 23, 2019 in Kota Kinabalu received encouraging interest from industry players.
— The Borneo Post

Guan Eng: Learn lessons from by-election results, address shortcomings
Pakatan Harapan (PH) is to learn lessons from its loss in the Cameron Highlands by-election yesterday and will work even harder in the next by-election in March.
— Malay Mail

MAHB: No counterclaim made in suits against AirAsia, AirAsia X
Malaysia Airports Holdings Bhd (MAHB) has clarified that there is no counterclaim made for the alleged sum in excess of RM400 million or details particularising the same in the civil suits against AirAsia X Bhd and AirAsia Bhd.
— The Sun Daily

Deputy PM says Malaysia can learn from Thailand on caring for neglected children
Malaysia’s Deputy PM Datuk Seri Dr Wan Azizah Wan Ismail has been visiting Thailand and says that her government can learn something from the methods implemented in Thailand to tackle the issue of neglected children and babies and those without citizenships.
— The Thaiger

Report: More than half of Malaysia’s workforce without Socso coverage
More than half of Malaysia’s 14 million workforce population are not insured by the Social Security Organisation (Socso), according to a news report.
— Yahoo news

Malaysia stripped of Paralympic event over ban on Israelis
Malaysia has been stripped of the hosting rights for the World Para Swimming Championships after refusing to let Israelis compete in the event that serves as a qualifying event for the 2020 Tokyo Paralympics.
— Settle Times

Lessons from Singapore and Malaysia on fostering racial inclusivity
As the astonishing mismanagement of the economy, rising corruption and poor public services cause ever more anxiety, anger and hopelessness (which have in turn unleashed a new wave of ethnic tribalism, racism and populism, threatening Nelson Mandela’s dream of a rainbow nation for South Africa) Singapore and Malaysia offer two contrasting routes to nation-building in diverse societies.
— News24

Murdered Mongolian’s Family Seeks Justice From Malaysia As Lawsuit Finally Starts
The family of a Mongolian woman whose killing was allegedly linked to Malaysia’s toppled leader is hoping for justice in a civil lawsuit that started this week, their lawyers said on January 25.
— Investvine

Deafening Silence Out Of Australia Over 1MDB’s Connection To Top Bank ANZ
Today the Bloomberg news service released details from Malaysian investigations into a matter long suspected by observers of the 1MDB scandal, namely hanky panky surrounding the original bonds raised in May 2009 by AmBank to launch the fund’s forerunner the Terengganu Investment Authority (TIA).
— Sarawak Report

Old habits of patronage die hard in ‘New Malaysia’
Less than a year after Malaysia’s landmark elections that saw a new party take power for the first time in more than six decades, the administration has been accused of failing to crack down on nepotism and cronyism in government-linked companies (GLCs) and agencies.
— South China Morning post

Malaysia Halal Expo 2019 a roaring success with RM135m in sales
The three-day Malaysia Halal Expo 2019 (MHE 2019) ended today on a high note after achieving RM135 million in sales, more than double of the RM50 million sales target.
— Malay Mail

Ex-Malakoff project director Yazid appointed MRT Corp CEO
Abdul Yazid Kassim has been appointed the chief executive officer (CEO) of Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) effective Feb 1, Finance Minister Lim Guan Eng announced today.

OCBC Bank expects 2019 to remain challenging for M’sia
The OCBC Bank expects 2019 to remain a challenging year for Malaysia and estimated a moderate growth of 4.4 per cent amid slowing global growth and ongoing government fiscal consolidation.
— The Borneo Post

Affin Hwang bullish on
Affin Hwang Capital has raised Digi.Com Bhd’s 2019-20 earnings per share forecasts by 1.0-2.0 per cent.
— New Straits Times

SC confirms investigation on KPMG and Deloitte’s roles in 1MDB
The Securities Commission (SC) has today confirmed it is investigating Deloitte and KPMG on their roles as auditors of 1Malaysia Development Bhd (1MDB).
— New Straits Times

Suiwah’s founder to take the company private at RM2.80 per share
Suiwah Corp Bhd’s major shareholder Suiwah Holdings Sdn Bhd intends to privatise the group by way of a selective capital reduction (SCR) and repayment exercise.
— The Sun Daily

Faidhi Resources to open 15 LPG bottling plants by 2021
Faidhi Resources Sdn Bhd plans to open 15 new liquefied petroleum gas bottling plants by 2021.
— New Straits Times

Hong Leong Assurance introduces all-new HLA FiT
Hong Leong Assurance (HLA) is introducing an all-new HLA FiT, which is the first of its kind in fitness app in Malaysia that comes with an integrated Biological Age Model.
— The Borneo Post

Sabah restructures GLC to avoid leakage of govt funds
The management and administration of all Sabah government-linked companies (GLCs) are being restructured to avoid wastage and leakage of the state government’s funds.
— Malay Mail


Feature photo Wikimedia


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.

The following two tabs change content below.

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

Latest posts by Sreypov Men (see all)

Support independent media by sharing using these tools. Do not steal our content

Make a comment

Your email address will not be published.