Malaysia morning news for January 30

Malaysia morning news for January 30

Malaysia morning newsMalaysia goes up one notch higher to 61 in corruption index
Malaysia has gone up one place to 61 out of 180 countries in Transparency International’s (TI) Corruption Perception Index (CPI) 2018.
— The Star Online

Wage must grow 3.5% annually for Malaysia to achieve high-income status
Salary in Malaysia must grow at an average rate of 3.5 per cent annually for the country to achieve high-income status by 2023, said an economist.
— The Star Online

Malaysia to put RM22.5b of homes on sale rack in March
Malaysia is planning a sale for RM22.5 billion of real estate to bridge the gap between property oversupply and lack of affordable homes, with developers asked to offer at least a 10% discount.
— The Edge Markets

Malaysia launches first national anti-corruption plan
Malaysia has launched an ambitious plan to tackle corruption in government, months after a massive graft scandal had brought down the previous government.
— The Straits Times

Malaysia’s CIMB launches ‘all-mobile’ bank in Philippines
Malaysia’s CIMB Bank on Monday launched its banking business in the Philippines, betting on high smartphone penetration and growing mobile internet reach.
— ABS-CBN

Malaysian cities rises in ranks of most liveable location for Asian expatriates
The majority of Malaysian locations saw their location scores improve and rise in the liveability rankings for Asian expatriates, whils Singapore takes the top slot as the most liveable location, having claimed the top spot every year since the liveability rankings began in 2005.
— The Borneo Post

China Pens Malaysia a Friendship Song… as Malaysia Scraps $20B Rail Project
China is hoping a song will remind Malaysia of warmer relations in the past, days after a $20 billion project that it backed was scrapped by the Southeast Asian nation.
— Bloomberg

Malaysia will be ‘impoverished’ if it continues with East Coast Rail Link: PM Mahathir
Malaysia will be “impoverished” if it continues with the East Coast Rail Link (ECRL), said Prime Minister Mahathir Mohamad on Tuesday (Jan 29).
— Channel NewsAsia

Ride-sharing Dacsee eyes Asean markets after Malaysia
Ride-sharing services company Dacsee, is poised to expand to other Asean countries including Thailand after its successful official launch in Malaysia last July.
— The Star Online

Scomi Energy’s unit to sell entire stake in Scomi Anticor to pare down borrowings
Scomi Energy Services Bhd’s wholly-owned Scomi Sosma Sdn Bhd is disposing its entire stake in Scomi Anticor SAS to Vink + Co GMBH Handelsgesellschaft UND CO.KG for US$3.7 million.
— New Straits Times

Malaysia’s government will wait for regulator’s report before deciding on Huawei
The Malaysian government is waiting for an official report from the Malaysian Communications and Multimedia Commission (MCMC), the country’s communications regulator, before deciding on whether to ban Huawei from building its 5G infrastructure in Malaysia.
— The Straits Times

Former Malaysian PM Najib faces 3 more money laundering charges
Malaysian prosecutors on Monday charged former prime minister Najib Razak with three more counts of money laundering, allegedly receiving the proceeds of illegal activities in his personal bank accounts.
— Asia One

Two elderly women in Malaysia die in rush to get free food coupons
Two elderly women died on Monday (Jan 28) in the rush to get free food coupons at Plaza Pudu ICC in Kuala Lumpur.
— Channel NewsAsia

GFI: Malaysia at No 3 in illicit financial outflows in 2015
Malaysia ranked third in illicit financial outflows in 2015, a study by Washington-based think tank Global Financial Integrity (GFI) shows.
— Malaysiakini

Malaysian startup touts Islamic-compliant browser with warnings for gambling, porn sites
A Malaysian startup is aiming for Muslims to latch on to its Islamic-compliant internet browser that offers a Muslim-friendly experience, including warnings when users approach websites featuring gambling or pornography.
— Malay Mail

OCBC Bank to distribute country’s only unit trust with yearly ‘look back’ mechanism
OCBC Bank (Malaysia) Berhad (OCBC Bank) is exclusively distributing the country’s only unit trust fund with a “look back” mechanism that enables investors to optimise their portfolio allocation.
— The Borneo Post

Malaysia unveils five-year plan
Malaysia yesterday unveiled an ambitious five-year plan to clamp down on corruption in government, months after a multi-billion-dollar graft scandal brought down the previous administration.
— The Daily Star

HSS set to benefit from water projects in 2019
HSS Engineers Bhd (HSS) is set to benefit from water projects this year given that the Budget 2019 allocations on this segment.
— The Borneo Post

Malaysia probes deadly market stampede
A stampede in a Malaysian market that killed two elderly women as people rushed to collect free food coupons will be investigated by police, an official said yesterday.
— Borneo Bulletin

Sime Darby Plantation, Salcra ink MoU to uplift Sarawak’s palm oil industry
Sime Darby Plantation Bhd (SDP) and Sarawak Land Consolidation and Rehabilitation Authority (Salcra) have signed a memorandum of understanding (MoU) to form a collaborative framework to establish, strengthen and encourage synergistic commercial cooperation along the palm oil value chain.
— The Sun Daily

Johor Sultan allocates RM542,000 to aid Malaysian students overseas
Johor ruler Sultan Ibrahim Iskandar has consented today to grant a £100,000 contribution (RM542,000) for students, said an announcement on the Royal Johor Facebook page.
— Malay Mail

Sarawak tycoon raises stake in Naim to 25.2%
Sarawak tycoon Datuk Amar Abdul Hamed Sepawi has raised his stake in Naim Holdings Bhd by over 9% to about 25.2%, following the completion of the company’s rights issue.
— The Star Online

D’Nonce cancels private placement exercise
D’Nonce Technology Bhd has decided not to proceed with the proposed private placement exercise after taking into consideration the current market condition.
— The Sun Daily

Jakim gives halal certificates to 7,204 companies
The Malaysian Islamic Development Department (Jakim) has handed out halal certificates to 7,204 companies as of January this year.
— The Borneo Post

PNB to continue backing companies with global potential: MGBF
Permodalan Nasional (PNB), Malaysia’s biggest fund manager, should remain committed to investing in local companies with global competitiveness and opportunities despite challenging market conditions, said the Malaysia Global Business Forum (MGBF).
— New Straits Times

LPI Capital Q4 earnings up marginally, declares 42 sen dividend
LPI Capital Bhd’s net profit for the fourth quarter (Q4) ended Dec 31, 2018 grew marginally by 1.2% to RM84 million from RM83 million a year ago partly due to the increase in claim costs, especially in medical and motor insurance classes.
— The Sun Daily

Affin Hwang AM lists new China ETF on main market
​​​​​​Affin Hwang Asset Management Bhd’s TradePlus S&P New China Tracker made its debut on the Bursa Securities main market yesterday, in line with expansion of its exchange-traded fund (ETF) offerings.
— The Borneo Post

InvestKL aims to attract more MNCs this year
Invest Kuala Lumpur Corporation (InvestKL) aims to secure at least 10 multinational companies (MNCs) this year including from the United States, Europe and China, said chief executive officer Datuk Zainal Amanshah.
— 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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