Malaysia morning news for January 29

Malaysia morning news for January 29

Malaysia morning newsGovt to build 100,000 affordable homes by end-2019
The Housing and Local Government Ministry is targeting to build 100,000 affordable homes by the end of this year, in line with the Pakatan Harapan government’s manifesto to provide budget housing.
— The Star Online

Malaysia is the 26th most innovative country in the world
Malaysia is the 26th most innovative country in the world according to Bloomberg’s 2019 Innovation Index.
— Soyacincau

Malaysia Boleh: working to beat Malaysia’s 4th deadliest cancer
Cancer scientist Cheong Sok Ching’s efforts to understand and eventually eliminate oral cancer are advancing research of the disease not just in Malaysia, but throughout Southeast Asia. In her capacity as a cancer researcher, Ms Cheong also seeks to remove the stigma of cancer and mentor a resilient new generation of cancer scientists.
— AEC News Today

Malaysia to draft law to protect rights of landlords, tenants
Malaysia to study and start drafting Residential Rental Act this year, according to the National Housing Policy 2018-2025 report launched by Housing and Local Government Ministry on Monday.
— The Edge Markets

Malaysia threatens to freeze out EU over palm oil ban
The Malaysian government said that a recent regional agreement to upgrade relations with the European Union should be deferred due to an ongoing trade dispute over palm oil, where the EU has been moving to ban the use of palm oil in biofuels, citing deforestation as a reason.
— Nikkei Asian Review (paywall)

AirAsia’s Malaysia ops carried 9% more passengers in 4Q18
Budget airline AirAsia Group Bhd said today its Malaysian, Indonesian and Philippine operations carried 16% more passengers to 12.11 million in the fourth quarter ended Dec 31, 2018 (4Q18) from 10.44 million a year ago,
— The Edge Markets

Malaysia: Venture capital available for farmers
Agro entrepreneurs who are already successful, but low in cash flow, now have the option to go for venture capital (VC) which was set up by the Sarawak government.
— Fresh Plaza

Malaysia cannot host para event anymore
The International Para­lym­pic Committee (IPC) has stripped Malaysia of the right to host the 2019 World Para Swimming Cham­pionships after the country banned Israeli athletes from participating.
— AsiaOne

Growing Asean-China trade provides opportunities for Malaysia exporters
The growing ASEAN-China trade is providing Malaysian exporters with more opportunities to tap the business potential offered by the world’s second largest economy.
— The Star Online

National Housing Policy launched
Housing and Local Government Minister Zuraida Kamaruddin today launched the National Housing Policy 2018-2025 that outlines five focuses, 16 strategies and 57 action plans.
— The Sun Daily

Smoking ban: Confusion over three-metre ruling
While most operators and patrons of eateries are abiding by the Health Ministry’s no-smoking ruling that came into effect on Jan 1, there is still confusion over the three-metre-radius within which smoking is prohibited.
— New Straits Times

Malaysia to host talks among palm oil producing countries
The federal government will be chairing the sixth ministerial meeting of the Council of Palm Oil Producing Countries (CPOPC) in Jakarta, Indonesia, scheduled on February 28.
— Malay Mail

HSBC sees ringgit to remain weak this year
HSBC expects the ringgit to trade around RM4.30 against the US dollar by year-end as the greenback is projected to remain strong broadly against other major currencies, according its head of emerging markets foreign exchange research Paul Mackel.
— The Sun Daily

Grab ready to increase investments into Malaysia
Grab, Southeast Asia’s leading e-hailing company, has made strong investments into the country by the launch of its regional centre of excellence and R&D Centre.
— New Straits Times

FGV, South Korea’s Samyang Foods to set up halal ramen plant in Malaysia
FGV Holdings Bhd is looking to partner with South Korea’s Samyang Foods Co Ltd for the establishment of Samyang Halal’s production facilities in Malaysia.
— The Sun Daily

Maybank makes it to world’s top 500 brands for the first time
Malayan Banking Bhd (Maybank) has been named in the prestigious Brand Finance’s Global 500 Brands, a breakthrough for the country’s largest lender by assets.
— The Star Online

Sapura Energy shareholders approve deal with Austria’s OMV Aktiengesellschaft
Sapura Energy Bhd’s shareholders have approved the proposed partnership with Austria’s OMV Aktiengesellschaft (OMV AG).
— The Sun Daily

CLSA eyes Khazanah’s Abang Rahmat as Malaysia head
CLSA plans to hire Abang Rahmat Yusuf, a director of investments at sovereign wealth fund Khazanah Nasional, as head of Malaysia coverage, people with knowledge of the matter said.
— The Star Online

Malaysian MP’s son stabbed in botched robbery
The son of Petaling Jaya MP Maria Chin has been stabbed in an attempted robbery.
— AsiaOne

Penang introduces steps to spur housing industry
Penang today announced several measures to drive the housing sector in the state and address the current overhang of units.
— Malay Mail

Senai International Airport handles 3.52 million passengers in 2018
Senai International Airport has handled 3.52 million passengers in 2018, a 13 per cent increase from the number of passengers recorded in 2017.
— New Straits Times

MACC nabs two senior lecturers for alleged abuse of power
The Malaysian Anti-Corruption Commission (MACC) detained two senior lecturers for alleged abuse of power at the Universiti Teknologi Mara (UiTM) campus here.
— Malay Mail

Guocoland Bhd offers RM300,000 rebate for MBMW models for DC Residensi purchasers
Guocoland (Malaysia) Bhd is offering up to RM300,000 rebates on all BMW models for purchases of its luxurious DC Residensi Apartment in Damansara Heights here.
— New Straits Times

 

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.

 

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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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