Malaysia morning news for October 24

Malaysia morning news for October 24

Malaysia morning news

No incentives planned for buying hydrogen fuel cell cars yet, says Abang Johari
The state government has no plans to allocate any incentive for the purchase of hydrogen fuel cell cars in the coming State Budget, said Chief Minister Datuk Patinggi Abang Johari Tun Openg.
— The Borneo Post

B20 biodiesel implementation timely when palm oil industry facing tough time, says minister
Next year’s implementation of B20 biodiesel for the transportation sector is timely at a time when the country’s palm oil industry is facing trying times, in addition to the European Union’s (EU) ongoing discriminatory.
— Malay Mail

Worldwide trademark protection soon for Malaysian entrepreneurs
Malaysian entrepreneurs who trademark their intellectual properties under the Intellectual Property Corporation of Malaysia (MyIPO) can soon gain worldwide protection, thanks to the newly-amended Trade Marks Act 2019.
— New Straits Times

Ten poachers detained, almost RM1mil worth of wildlife parts seized
A total of 10 men, including seven Cambodians, were detained for poaching, resulting in the seizure of various wildlife parts worth RM908,000, says Deputy Comm Datuk Mastor Mohd Ariff.
— Eleven Myanmar

Malaysia to set up its biggest dairy farm with help from Qatar
A government agriculture development agency has joined forces with Qatar’s dairy producer to set up Malaysia’s biggest dairy farm in the next two years in a bid to make the country more self-sufficient in milk production.
— Dairy Reporter

Malaysian Pineapple Industry Board wants to boost exports
The Malaysian Pineapple Industry Board (MPIB) wants to see more Malaysians getting involved in pineapple cultivation, so the nation can take advantage of its huge export potential, especially coming from China.
— Fresh Plaza

CPI increases 1.1% y-o-y in September
The Consumer Price Index (CPI) increased 1.1% in September 2019 to 121.8, compared with 120.5 at the same time last year, according to a statement released by the Department of Statistics today.
— The Sun Daily

The five social contracts: To reinvent Malaysia, deconstruct Malaysia
The first, while richly storied but hardly shared in daily conversations, involves the delegation led by Tunku Abdul Rahman Putra Al-Haj, with Tun HS Lee and Tun Sambanthan in tow, to urge London to agree to a peaceful transition of power.
— The Star Online

RM1.5 billion for highland development
The Sarawak government has allocated RM1.5 billion for Highland Development Authority (HDA) to expedite the infrastructures projects in the highland areas of Miri Division.
— New Sarawak Tribune

Local fintech landscape growing at rapid pace
The local financial technology (fintech) landscape is growing at a rapid pace as it continues to serve the micro, small and medium enterprises (MSMEs) as well as the new generation of investors.
— The Borneo Post

Govt developing legal framework for bike e-hailing
The Ministry of Transport is in the process of developing a legal framework and terms for ”bike e-hailing” or motorcycle taxi services.
— The Sun Daily

New twist to Malaysia-India palm oil issue
The Malaysia-India palm oil issue has taken a new twist. Amidst the call by an Indian trade association for importers to shun palm oil from Malaysia, a political body in South India has urged Prime Minister Narendra Modi government not to reduce palm oil imports from Malaysia.
— The Borneo Post

Minister: PKFZ to settle RM3.8b loan in 29 years
Port Klang Free Zone (PKFZ) will take about 29 years to pay off its RM3.8 billion in federal loans at the quarterly rate to the Port Klang Authority (PKA) started last year, Transport Minister Anthony Loke said today.
— Malay Mail

Malaysia, Goldman discuss smaller penalty over 1MDB scandal: Report
Malaysia has discussed a US$2 billion to US$3 billion settlement with Goldman Sachs over the US bank’s alleged role in the 1MDB scandal, Bloomberg reported on Wednesday (Oct 23), less than half the sum the Southeast Asian nation had demanded earlier.
— CNA

Flood forecasting programme: Full operations within 12MP
The National Flood Forecasting and Warning Programme is expected to begin full operations within the 12th Malaysia Plan (12MP).
— The Sun Daily

Malaysia tackles property glut
Malaysia’s plan to lower the minimum price at which foreigners are eligible to buy homes is meant to tackle the property glut, but analysts warn it could create a property bubble instead.
— The Phnom Penh Post

Petron, Hengyuan confirm Port Dickson pipeline breakdown
Petron Malaysia Refining & Marketing Bhd addressed media reports today which claimed a facility in Port Dickson that carries crude oil from the ships to refineries had broken down.
— The Sun Daily

Luno is Malaysia’s first fully approved digital asset exchange operator
Luno has received full approval from the Securities Commission Malaysia (SC) to operate as a recognised market operator (digital asset exchange or DAX) as it has satisfied all the required conditions.
— The Sun Daily

Health Ministry: No evidence vape is safe to treat smoking addiction
The Health Ministry today stressed that it did not find any evidence or study which shows the usage of vape and electronic cigarette (e-cigarette) is safe to treat smoking addiction.
— Malay Mail

Kuching MP says spoke to transport minister about intra-Sarawak air fare hike
DAP’s Bandar Kuching Member of Parliament Dr Kelvin Yii today said he spoke to Transport Minister Anthony Loke on MasWings’ move to drastically increase airfares rates for foreigners for certain routes in Sarawak including.
— Malay Mail

PAC: High-risk investments led to Khazanah’s losses
High-risk investments in a handful of companies are among the reasons why Khazanah Nasional Berhad incurred pre-tax losses of RM6.3bil last year, says Parliament’s Public Accounts Committee (PAC).
— The Star Online

Sarawak CM foregoes Mercedes, opts for Korean hydrogen-fuelled car
Datuk Abang Johari Openg has chosen to use a Korean-made hydrogen-powered Sports Utility Vehicle (SUV) as his official car for the past one month amid growing environmental awareness in the country.
— Malay Mail

SIBS 2019 records RM446.3m transaction value
Selangor International Business Summit (SIBS) 2019, which took place from October 10-13, 2019, achieved a transaction value of RM447.3 million, exceeding the RM250 million target set.
— The Sun Daily

For accurate data, deputy health minister says law criminalising suicide must go
The government needs to speed up the decriminalisation of suicide attempts so that better data and help can be provided for those seeking death, Dr Lee Boon Chye said in Parliament today.
— Malay Mail

Melaka to boost bilateral ties with Indonesia, says CM
Melaka will strengthen its bilateral ties with Indonesia in the fields of air transportation, health tourism, and education, said Melaka Chief Minister Adly Zahari.
— Malay Mail

Why did Khazanah lose RM6.3b in 2018? New policy, strategy and financial reporting, PAC says
Parliament’s Public Accounts Committee (PAC) said today it is satisfied with Khazanah Nasional Bhd’s explanation over the loss of RM6.3 billion last year compared to a profit of RM2.3 billion in 2017.
— Malay Mail

With a price of up to RM800,000, the Malayan Tiger is prime bounty for poachers
Foreign poachers are setting up camps in jungles in Peninsular Malaysia to hunt protected animals due to the high price offered by illegal traders of wildlife parts.
— The Sun Daily

United Overseas Bank launches first solar industry ecosystem in Asia
United Overseas Bank (UOB) yesterday launched U-Solar, the first solar industry ecosystem in Asia to power the development and adoption of renewable energy across Southeast Asia.
— The Borneo Post

Najib couldn’t be too ignorant to not question RM42m in his account: AG
Former prime minister Datuk Seri Najib Abdul Razak (pix) could never possibly be too ignorant about his personal bank account that he has never once questioned or sued his bank despite having received RM42 million in it, the High Court today heard.
— The Sun Daily

CIMB Thai posts 35.5% increase in 9M2019 net profit
CIMB Group Holdings Bhd’s 94.83%-owned CIMB Thai Bank PCL recorded a consolidated net profit of 728.1 million baht (RM100.4 million) for the nine-month period ended Sept 30, 2019 (9M2019), an increase of 35.5% year-on-year (yoy), mainly attributed to a 2.3% growth in operating income and a 32.7% decline in provisions.
— The Sun Daily

Lee: Hydrogen buses all fixed up, trial runs to recommence
The problem affecting the state’s three hydrogen buses, where contaminants were found at the Hydrogen Integrated Refueling Plant, resulting in their trial runs being halted has been rectified.
— The Borneo Post

Mindef allocates RM150m to repair 6,000 RKAT units
The Ministry of Defence (Mindef) has allocated RM150 million in 2020 to repair 6,000 units of Armed Forces Family Housing (RKAT).
— The Sun Daily

Maszlee tells DAP to crack the whip over propaganda comic dissenters
The DAP leadership must demonstrate its commitment to Pakatan Harapan by reprimanding party members openly criticising the government’s decision to stop distributing a pro-China comic book to schools, said Maszlee Malik.
— Malay Mail

Climate change must be considered in strategic development and planning, MP tells Penang govt
The Penang government should take into account rainfall frequencies over the next five to 10 years as climate change must be considered in strategic development and planning, said Bukit Mertajam MP Steven Sim Chee Keong.
— Malay Mail

Prolonged rain spells forecast throughout monsoon, floods a possibility: Met Dept
Between four to six prolonged episodes of heavy rain are forecast throughout the Northeast Monsoon season that is expected to begin on Oct 24 and end in March.
— The Sun Daily

Sarawak belongs to us; keep it that way
Malaysia is in the middle of a whirlpool of problems and that means the PH federal government has its hands full. From the outside, Prime Minister Tun Dr Mahathir Mohamad…
— New Sarawak Tribune

Over RM600,000 channelled to religious schools so far this year
The Ministry of Education (MoE) has channelled over RM600,000 to help 1,661 people’s religious schools (SAR) across the country so far this year.
— The Sun Daily

Some BSH recipients decline PSP citing ineligibility
Some Malaysians have opted out of the Petrol Subsidy Programme (PSP) because they consider themselves ineligible for such assistance, said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail (pix).
— The Sun Daily

TDM’s Kalimantan operation accepts administrative sanction
TDM Bhd’s subsidiary PT Rafi Kamajaya Abadi (PT RKA) has received and accepted an administrative sanction served by the Governor of Kalimantan Barat as a result of a recent fire.
— The Sun Daily

Revenue Group proposes 2-for-3 bonus issue
Revenue Group Bhd proposes a bonus issue of up to 230.04 million shares, on the basis of two shares for every existing three shares held.
— The Sun Daily

MIA hopes to see brand new Accountants Act next year
The Malaysian Institute of Accountants (MIA) hopes the government will enforce a brand new Accountants Act next year to meet the current and prospective developments and issues.
— The Sun Daily

G Neptune’s external auditors issues statement over material uncertainty
G Neptune Bhd’s external auditors Messrs Moore Stephens Associates PLT has issued a statement of “material uncertainty related to going concern” in respect of its financial statements ended June 30, 2019.
— The Sun Daily

Suicides: 356 cases recorded from 2014 till June this year
From 2014 till June this year, there were 356 suicide cases on record in the country.
— The Sun Daily

Hotel associations call on nation’s leaders to address racial and religious tension
Fearing the possible negative impact racial and religious differences will have on the tourism sector, even hoteliers are now urging the nation’s leaders to address the issue without delay.
— The Sun Daily

 

Feature photo UNDP Malaysia

This week’s Malaysia morning news feature photo focuses on United Nations Day, October 24.

 

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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