Malaysia morning news for January 4

Malaysia morning news for January 4

Malaysia morning newsMalaysia makes top 10 list of best places to retire in 2019
MALAYSIA has landed a cushy spot on a list of the top 10 best countries to retire in next year, beating out fellow popular Southeast Asian holiday destination Thailand, according to International Living magazine’s Annual Global Retirement Index.
— Malaysian Insight

Govt subsidised RM4.89bil for RON95, diesel for Jan-Nov 2018
The government paid a total of RM4.89 billion in RON95 and diesel subsidies for the period from January to November last year, Minister of Finance Lim Guan Eng said today.
— The Star Online

RAM expects Malaysia’s November export growth to decelerate
RAM Ratings expects Malaysia’s November export growth to decelerate to 3%, as front-loading activities which had temporarily boosted exports by 17.7% in October subsided.
— FMT

Property: No surprises in earnings for next 12 months
Analysts do not expect to see earnings surprises in the property sector for the next 12 months given that properties are not fast-moving goods.
— The Borneo Post

Salary increase for Maybank employees
Members of Maybank’s in-house officers unions will get a 10% salary adjustment across the board, subject to the maximum salary in their respective salary ranges.
— The Star Online

CIMB lends a hand to sole proprietors, partnerships
CIMB Bank Bhd and CIMB Islamic Bank Bhd have garnered 12 business partners to work together to provide exclusive offers and special rates for various business solutions anchored on five pillars, namely banking operation account; payment, collection and courier services; funding and support; work space and connectivity; and digital solutions.
— The Sun Daily

MAHB: We do not impose RM3 “klia2 fee”
Malaysia Airports Holdings Bhd (MAHB) has clarified that it has never imposed the RM3 “klia2 fee” that AirAsia plans to stop collecting.
— The Star Online

Waiter slapped in Malaysia for telling customer to stop smoking
Malaysian police are searching for a man after he slapped a waiter who tried to stop him from smoking in a Shah Alam restaurant.
— Channel NewsAsia

Loke: ‘Railway Diplomacy’ with China will boost Malaysia’s rail industry
Malaysia could potentially be a main producer of railway equipment with stronger collaborations with China, says Anthony Loke.
— The Star Online

Malaysia: End Detention Without Trial
The Malaysian government should promptly repeal laws that permit detention without trial, Human Rights Watch said today.
— Human Right Watch

Singapore-Malaysia tensions still simmer ahead of bilateral talks
The foreign ministers of Singapore and Malaysia will meet next Tuesday to discuss the airspace dispute that has been lingering between them for the past weeks.
— Nikkei Asian Review (paywall)

Remaking Malaysia: How to remake Malaysia’s electoral system
DESPITE a historic change in the federal government in May, the country’s electoral system is far from fine. Decades of abuse and rigging have created an unfair process for choosing the stewards of the nation.
— The Edge Markets

Export growth breezes in for Daikin Malaysia
Air conditioning company Daikin Malaysia Sdn Bhd, which has allocated a capital expenditure (capex) of RM434 million for the next financial year ending March 31, 2020 (FY20), will ramp up its efforts on driving export growth, in line with its aim for export to contribute 70% of its total sales by FY20, from 65% now.
— The Sun Daily

3 ways (besides money) to hire top marketing talent in Malaysia
It is the start of 2019, and already, many marketers are eyeing their next venture to grow and build on their skills.
— Marketing Interactive

Malaysia’s economic prospects dim amid rising political unease
Race tensions, political wrangling within the new Pakatan Harapan (PH) coalition government and growing anxiousness over the country’s leadership succession are dimming the prospects for 2019 amid growing domestic and external economic headwinds.
— The Straits Times

Downtrend in global demand is of concern to Malaysia’s economy: Kenanga
A continuous downtrend in global demand in 2019 is a concern that may continue to weigh on Malaysia’s economy, said Kenanga Investment Bank Bhd.
— The Sun Daily

Sanbumi to invest in property, hospitality sectors in the state
Sanbumi Holdings Bhd is eyeing investments in the hospitality and property sectors in Penang following its successful investments in Kuala Lumpur and Melaka.
— New Straits Times

Top Malaysia home improvement chain said to eye US$500m IPO
Mr. D.I.Y., Malaysia’s biggest home improvement retailer, is exploring an initial public offering that could raise about US$500 million, people with knowledge of the matter said.
— The Edge Markets

HRDF to launch 6-point action plan
The Human Resources Development Fund (HRDF) is set to roll out a six-point action plan this year in order strengthen itself and increase the proportion of skilled workers within Malaysia.
— New Straits Times

United Malacca sells four estates to Huat Lai for RM175mil
United Malacca Bhd on Thursday entered into three separate agreements to sell four plantation estates to Huat Lai Resources Bhd for RM175.14mil.
— The Star Online

AmBank Group to dispose RM553.9 mil of NPL
AMMB Holdings Bhd (AmBank Group) is set to completely write-off its non-performing loans (NPL) amounting to RM553.9 million by disposing them to Aiqon Capital Group Sdn Bhd (ACG).
— New Straits Times

Look to Singapore, Sarawak for construction jobs, says HLIB
Contractors should look to neighbouring Singapore and Sarawak for jobs, as a slowdown in award of contracts is expected in 2019, according to Hong Leong Investment Bank (HLIB).
— The Sun Daily

Malaysia Restricts Airspace Near Seletar ILS Path
The Civil Aviation Authority of Malaysia (CAAM) has permanently restricted airspace over Pasir Gudang, Johor, near the ILS approach path of Singapore Seletar Airport.
— AIN Online

Ecobuilt bags RM202.5m construction job
Ecobuilt Holdings Bhd, formerly known as M-Mode Bhd, has bagged a contract worth RM202.47 million to undertake construction works for the proposed development in Kampung Muhibbah, Kuala Lumpur.
— The Sun Daily

Nexgram to incur RM12m loss from sale of office tower
Nexgram Holdings Bhd’s unit Coconut Three Sdn Bhd, formerly known as Nexgram Land Sdn Bhd, has proposed to dispose of its 11-storey stratified office building called Nexgram Tower in Bangsar South, Kuala Lumpur,for RM67 million, which will result in an estimated loss on disposal of RM12.4 million.
— The Sun Daily

BNM likely to maintain OPR at 3.25 per cent
Kenanga Investment Bank Bhd believes that Bank Negara Malaysia will retain the overnight policy rate (OPR) at 3.25 per cent this year as part of the strategies to ensure capital market stability, ample liquidity and to remain supportive of banking industry growth.
— The Borneo Post

Star Media sets up special committee, new CEO identified
Star Media Group Bhd has identified the candidate for the position of CEO and will make an announcement in due course. At the same time, a special committee will be set up to look after the operations in the interim.
— The Sun Daily

 

Feature photo Mohammad Firdaus Mokpink

This week’s morning news photo focuses on the death, pain, and loss that typically occurs at this time of year on Asean roads due to drunk driving, speeding, and a failure to wear protective helmets when travelling on motorbikes.

 

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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