Malaysia morning news for November 1

Malaysia morning news for November 1

Malaysia morning newsMalaysia Airlines, Singapore Airlines to share revenue on Malaysia-Singapore flights
Malaysia Airlines Bhd (MAB) and Singapore Airlines (SIA) have entered into a wide-ranging commercial agreement, which includes the sharing of revenue on flights between Malaysia and Singapore.
— The Sun Daily

Malaysia is only on watchlist and not labelled a US currency manipulator – Lim
Malaysia has only been included on a watchlist for US dollar manipulators and not been labelled as a manipulator of the currency, said Finance Minister Lim Guan Eng.
— The Borneo Post

The United States Settlement With Jho Low – Official
The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Low Taek Jho, aka Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg.
— Sarawak Report

Transport minister disputes report claiming Malaysia sought further delay to JB-Singapore RTS link
Transport Minister Anthony Loke reprimanded The Star newspaper today over its report claiming Malaysia has requested another postponement to the Johor Baru-Singapore Rapid Transit System (RTS).
— Malay Mail

Defence Ministry to review pensions of Armed Forces personnel who retired before 2004
The Defence Ministry will review the pension rate of the Malaysian Armed Forces (MAF) personnel who retired before 2004 to ensure that they are being given the appropriate pension payment, the Dewan Rakyat was told today.
— Malay Mail

Malaysian high-growth companies can contribute to the world: Redzuan
Many Malaysian companies can be elevated to the “high growth” status and can eventually contribute also to other economies, said Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof (pix).
— The Sun Daily

Two more charged with supporting LTTE, others slapped with additional terror-linked charges
Two more people have been charged with supporting the Liberation Tigers of Tamil Eelam (LTTE) terrorist group, while several others have been slapped with additional charges at the Sessions Court here.
— Malay Mail

Significant commitments, investments by government in digital technologies: Gobind
Significant commitments and investments by the government signal its intention to rapidly transform this country by embracing digital technologies, said Communications and Multimedia Minister Gobind Singh Deo.
— The Sun Daily

Malaysia forced to close Iranian bank accounts: Mahathir
Malaysia has faced very strong pressures from certain quarters to close the bank accounts of Iranian individuals and companies in this country, said Prime Minister Tun Mahathir Mohamad.
— The Sun Daily

RM43m to drive Industry4WRD programmes next year
The government has set aside RM43 million to enhance the existing Industry4WRD programmes for next year, says International Trade and Industry (MITI) Minister, Datuk Darell Leiking (pix).
— The Sun Daily

GLICs, GLCs should 
focus on creating 
strong institutions
Government-linked investment companies (GLICs) and government-linked companies (GLCs) must focus on creating strong institutions, establishing the necessary infrastructure and supportive policies to fuel the nation’s growth, said the.
— New Sarawak Tribune

India will remain as Malaysian palm oil buyer despite higher import tax: Analyst
India would continue to buy refined palm oil from Malaysia despite the proposal by its government to further increase import taxes, a move that it believes would lift local processing and cut dependence on overseas purchases, says an analyst.
— The Sun Daily

S’wak records 27 occupational fatalities so far, DOSH aiming for lower fatality rate
Sarawak recorded 27 occupational fatalities so far this year, and the Department of Occupational Safety and Health (DOSH) Sarawak is looking at a lower fatality rate compared to last year.
— The Borneo Post

S’wak delegation visits hydrogen facility in China
A delegation from Sarawak led by Sarawak Transport Minister Datuk Lee Kim Shin had the opportunity to learn more about hydrogen vehicles during an official working visit on transport.
— New Sarawak Tribune

Investment promotion agencies to be streamlined: Ong
The government is in the process of streamlining investment promotion agencies (IPAs) aimed at enhancing their functions, says Deputy Minister of International Trade and Industry Dr Ong Kian Ming (pix).
— The Sun Daily

Task force to tackle imported pork product issue from AFS-infected countries
A task force has been formed by the Agriculture and Agro-based Industry Ministry to look into the issue of imported pork and pork-based products from banned countries after the DNA of African Swine Fever (ASF) virus was detected in a sample of canned pork luncheon meat in Sarawak.
— The Star Online

Palestine embassy in Jordan because Malaysia has no ties with Israel, says foreign minister
Malaysia’s embassy for Palestine will be set in Amman, Jordan as the country has no diplomatic ties with Israel, said Foreign Minister Datuk Saifuddin Abdullah.
— Malay Mail

Foreign Ministry working together with Jordan to open Palestine embassy office
The Foreign Ministry has begun to gather information to realise the government’s decision to open a Malaysian diplomatic representative office accredited to Palestine in Amman, Jordan.
— The Sun Daily

Apec secretariat backs Chile for cancelling meet, looks ahead to Malaysia as 2020 host
The Apec secretariat expressed support today for Chile’s decision to withdraw from hosting the Leaders’ Week next month and the COP25 climate summit in December over mass demonstrations in the country.
— Malay Mail

Gov’t looking to strengthen laws on data protection: Gobind
The government is in the midst of improving existing laws on data protection to counter the challenges and cyber threats faced today.
— The Sun Daily

Petrosaudi CEO received US$85 million from 1MDB JV deal, court told
PetroSaudi International Ltd (PSI) chief executive officer (CEO), Tarek Obaid had received US$85 million in commission as a result of the company’s joint venture (JV) deal with 1Malaysia Development Bhd (1MDB), the High Court was told yesterday.
— The Borneo Post

Visa, education agreements among top agenda between Ukraine-Malaysia
Malaysia and Ukraine are currently working on concluding several bilateral agreements, including the provision of visa-free travel to the eastern European country for Malaysians.
— The Sun Daily

Lotte Chemical’s JV to transfer stake in US ethane cracker
Lotte Chemical Titan Holding Bhd’s (LCT) joint venture company Lotte Chemical USA Corp (LC USA) is transferring at least 34.79% stake in LACC LLC to Eagle US 2 LLC for US$816.47 million (RM3.41 billion).
— The Sun Daily

Khazanah’s divestment only involves commercial assets: Azmin
Khazanah Nasional Bhd (Khazanah)’s assets divestment exercise over the year only involved commercial assets and not strategic ones, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pix).
— The Sun Daily

Imperative for private sector to lead economy
The private sector must take the lead in being the key driver of the economy, Prime Minister Tun Dr Mahathir Mohamad said today.
— The Sun Daily

Measures are in place to contain effects if global economy worsens: MoF
The government is cautiously optimistic on the gross domestic product (GDP) forecast of 4.8% next year with some measures are in place to contain effects if the global economy worsens.
— The Sun Daily

Kronologi Asia banking on service business for future growth
Kronologi Asia Bhd sees the service business as a good area of growth with an expected 40% to 50% growth in its customer base.
— The Sun Daily

US agrees US$1b 1MDB recovery deal with Jho Low
The United States Department of Justice (DoJ) has reached a settlement to recover more than US$700 million (RM2.9 billion) worth of assets acquired by fugitive businessman Low Taek Jho, or Jho Low, and his family using funds allegedly misappropriated from Malaysia’s 1Malaysia Development Berhad (1MDB).
— The Sun Daily

Cops to probe claims own patrol units demanding money from public
The police will investigate claims that its patrol units have been demanding money from the public, especially those coming out of night entertainment outlets, Deputy Police Chief Datuk Roslee Chik said today.
— Malay Mail

Lotte Chemical’s Q3 earnings fall 58% on higher effective tax rate
Lotte Chemical Titan Holding Bhd’s net profit for the third quarter ended Sept 30, 2019 tumbled 57.9% to RM91.30 million from RM216.89 million a year ago, due to higher tax expense from underprovision of prior year deferred tax and no further reinvestment allowance claimable.
— The Sun Daily

Reports: Sarawak to drop demand for Petronas royalty hike
Malaysia’s energy-rich state of Sarawak will drop a demand for quadrupling royalties paid by energy giant Petronas but is pushing for production-sharing and other agreements, a key negotiator told Reuters on Wednesday.
— The Borneo Post

Oil royalty payment to start after maritime boundaries established: Azmin
The payment of oil royalty to Kelantan and Pahang involving 10 producing fields will only be made after the maritime boundaries of the two states have been established in accordance with the existing legislation.
— The Sun Daily

Police believe attack on Padang Besar GOF post retaliatory: IGP
The police believe the attack against the General Operations Force (GOF) guard post in Perlis, on Monday, was due to revenge, as cross-border criminals now found it difficult to smuggle goods out of the country.
— The Sun Daily

PM urges university students to uphold values of integrity and rationality
University students should put the values of integrity in line with rational values so that any action taken on the principle of freedom is still within the values of civility, morality and the cultural norms of society, said Tun Dr Mahathir Mohamad.
— The Borneo Post

Details on 2nd Samurai Bond to be made via formal statement – Lim
Information on the second Samurai bond issuance will be announced through a formal statement, said Finance MinisterLim Guan Eng.He said this was to avoid misinterpretation on the Samurai bond.
— The Sun Daily

Johor cops seize RM1.5mil worth of contraband liquor
The marine police seized 4,308 bottles and 432 cans of contraband liquor including vehicles worth RM1.6mil during a raid at two locations in Skudai here.
— The Star Online

Foreigners can only purchase homes at reduced prices in 2020
The proposal to lower the ceiling price of condominium and apartment units in the city for foreigners to buy from RM1 million to RM600,000 would be implemented for a period of one year only.
— The Borneo Post

Joint hydrocarbon exploration by Philippines, China does not involve Malaysian waters — Marzuki
The proposed joint hydrocarbon exploration between the Philippines and China will not involve Malaysian waters based on the maritime borders depicted in the 1979 Malaysian Map, the Dewan Rakyat was told yesterday.
— The Borneo Post

 

Feature photo Pamper.my

This week’s Malaysia morning news feature photo focuses on Diwali.

 

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).

 

 

About Malaysia morning news.

Malaysia morning news roundup is the most comprehensive hand-curated selection of Malaysia English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Malaysia English language news today.

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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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