Malaysia Morning News For January 24, 2020

Report: Malaysia to buy more sugar from India to help resolve palm oil spat
Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil.
— Malay Mail

Economist Intelligence Unit projects 4.4% GDP growth for 2020
The Economist Intelligence Unit, the business intelligence unit of London-based media company The Economist Group, is projecting Malaysia’s gross domestic product (GDP) to expand by 4.4% in 2020, similar to the economic growth seen in 2019.
— The Sun Daily

Lee urges AirAsia to use aerobridges in all Sarawak airports
Sarawak Transport Minister Datuk Lee Kim Shin has urged AirAsia Bhd’s management to use aerobridges in all airports in Sarawak, except in airports where such facility is fully occupied.
— The Borneo Post

M’sia considered high risk country for coronavirus outbreak
Malaysia is regarded as a high-risk country for an outbreak of the novel coronavirus, thanks to the high number of visitors, particularly from China.
— The Sun Daily

Malaysian rights group ‘absolutely stands by’ claims on Changi prison execution methods, will not comply with correction direction
A Malaysian human rights group said on Wednesday (Jan 22) it would “absolutely stand by” its claims that prisoners on death row in Changi prison are executed brutally, adding that it will not comply with a correction direction issued by Singapore’s POFMA.
— CNA

Malaysian Automotive Association expects flattish TIV in 2020
The Malaysian Automotive Association (MAA) has projected the total industry volume (TIV) for 2020 to increase marginally by 0.5% to 607,000 units from 604,287 units in 2019.”
— The Sun Daily

Report: Malaysia Airlines needs RM21b to continue operations
National carrier Malaysia Airlines Berhad (MAB) is expected to run at a loss and will need up to RM21 billion of taxpayers’ money for it to stay afloat until 2025 unless it can make a turnaround or find a strategic.
— Malay Mail

AmInvestment bags two awards at The Asset Triple A Country Awards 2019
AmInvestment Bank Bhd was presented with the coveted “Malaysia’s Best Corporate and Institutional Adviser – Domestic” and “Best IPO” award at The Asset Triple A Country Awards 2019.
— The Sun Daily

Sarawak vs Petronas: Judicial Commissioner dismisses firm’s bid to recuse him
Judicial Commissioner Christopher Chin has dismissed Petronas’ application to recuse him from hearing the Sarawak government’s civil suit against the oil corporation over unpaid State Sales Tax (SST).
— The Borneo Post

Vynn Capital taps into Borneo’s potential with investment in logistics platform Epost
Malaysia-based e-commerce and logistics service provider Epost has closed US$700,000 in seed funding according to a press statement. Vynn Capital, an early-stage venture capital from Kuala Lumpur, is leading the round.
— e27

Ex-Malaysia Airlines managing director Tan Sri Abdul Aziz dies at 86
Former Malaysia Airlines Bhd (now known as Malaysia Airlines) managing director Tan Sri Abdul Aziz Abdul Rahman died shortly before midnight yesterday. He was 86.
— Malay Mail

Guan Eng: Malaysians used e-Tunai to pay for groceries, transportation and food
The majority of consumers use the RM30 e-Tunai Rakyat incentive to buy groceries, and to pay for telecommunications, transportation and food, said Finance Minister Lim Guan Eng.
— Malay Mail

Bus terminals to implement cashless ticket purchase
The Transport Ministry is working to get all public bus terminals in the country to implement cashless ticket purchases by using the e-wallet system.
— The Sun Daily

Invest Selangor cements participation in World Expo Dubai 2020
Invest Selangor Bhd entered into a memorandum of agreement today with Malaysia Green Technology Corp (GreenTech Malaysia) to introduce its strengths and capabilities as the gateway to Asean via its participation in the World Expo Dubai 2020 under the Malaysia Pavilion.
— The Sun Daily

Malaysian Medical Council: International medical grads must undergo primary source verification process from June 1
International medical graduates who wish to register with the Malaysian Medical Council (MMC), have to go through the Primary Source Verification process effective June 1 to verify their degrees and transcripts.
— Malay Mail

Govt saves up to RM26b in compensation to PLUS: Tony Pua
The government will save up to RM26 billion in compensation to PLUS Malaysia Bhd under the new highway concession agreement, compared with previous deals made during the Barisan Nasional (BN) administration.
— The Sun Daily

Report: Grab, Razer, AirAsia among firms exploring bids for Malaysia digital bank licence
Ride-hailing group Grab, gaming firm Razer, AirAsia, telecoms firm Axiata and lender CIMB are among companies looking to apply for digital banking licences in Malaysia, sources told Reuters.
— Malay Mail

Fire in engine disrupts Malindo flight from Kota Bharu airport
The affected passengers were later put on other flights from Kota Bharu to Subang.
— FMT News

DiGi partners with TIME to expand home broadband services
PETALING JAYA: Digi Telecommunications Sdn Bhd and TIME dotCom have announced a collaboration to provide more connectivity options across the country. Under the deal, Digi will leverage on TIME’s fibre broadband infrastructure to extend its Digi Home Broadband offerings to more Malaysians especially those residing in residential condominiums and …
— The Sun Daily

Malindo confirms engine fire on KL-bound flight
Malindo Air Flight OD1231 from Kota Baru to Subang last night was cancelled after one of its two engines caught fire, the airline confirmed today.
— Malay Mail

Bursa Malaysia opens lower amidst bearish regional markets
Losses in key heavyweights dragged Bursa Malaysia lower in the opening today amidst the bearish performance of regional bourses.
— The Sun Daily

Final report on UEC to be sent to PM soon
The final report on recognition of the Unified Examination Certificate (UEC) will likely be submitted to Prime Minister Tun Dr Mahathir Mohamad in his capacity as acting education minister soon.
— The Sun Daily

Power transition should be discussed internally: Lim
Discussions on the power transition for the prime minister’s post should be done internally, said DAP secretary-general Lim Guan Eng.”Having a public spat will only benefit our opponents.
— The Sun Daily

Analysts agree gig industry brings opportunities, but only few will reap rewards
Whether or not the promises of the gig industry holds true depends on where gig workers stand in the employment hierarchy.
— Malay Mail

Power transition should be discussed internally – Lim
Discussions on the power transition for the prime minister’s post should be done internally, said DAP secretary-general Lim Guan Eng. “Having a public spat will only benefit our opponents.
— The Borneo Post

8,505 applications for KGC received
Some 8,505 applications have been received for the Sarawak Kenyalang Gold Card (KGC) as at Jan 21. Welfare, Community Wellbeing, Women, Family and Childhood Development Minister Datuk Seri Fatimah Abdullah said senior citizens from Kuching dominated the applications with 3,010 applicants.
— New Sarawak Tribune

Pos Malaysia’s new stamp collection to usher in Year of the Rat
Pos Malaysia Berhad (Pos Malaysia) yesterday unveiled its first festive stamp collection for 2020, in conjunction with the upcoming Chinese New Year, the Year of the Rat.
— The Borneo Post

CKD car prices won’t increase this year with open market value, thanks to Finance Ministry exemption
There will be no increase in on-the-road (OTR) prices of locally assembled vehicles this year arising from the transparent reporting of the open market value (OMV), which would have seen car prices increase as much as RM33,000 per unit for certain models.
— The Sun Daily

E-Tunai: Consumers spend RM30 on groceries, transportation and food
The majority of consumers used the RM30 e-Tunai Rakyat incentive to buy groceries, and to pay for telecommunications, transportation and food, according to Finance Minister Lim Guan Eng.
— The Sun Daily

Pay heed to electrical safety before leaving home: TNB
With only two more days to Chinese New Year celebration, Tenaga Nasional Berhad (TNB) has come up with electrical safety guidelines for the public to observe before leaving home for the holiday.
— The Sun Daily

CIMB announces rate reductions across the board
CIMB Bank Bhd and CIMB Islamic Bank Bhd will be reducing its lending, financing and fixed deposit rates in response to the 25 basis point cut in the Overnight Policy Rate (OPR) announced by Bank Negara Malaysia earlier today.
— The Sun Daily

KKIA on high alert in wake of Wuhan coronavirus outbreak
Kota Kinabalu International Airport (KKIA) has been put on high alert mode in the wake of the Wuhan novel coronavirus outbreak.
— The Borneo Post

Former MAS MD Tan Sri Abdul Aziz dies
Former Malaysia Airlines Bhd (now known as Malaysia Airlines) managing director Tan Sri Dr Abdul Aziz Abdul Rahman died shortly before midnight yesterday.
— The Sun Daily

Muslim teachers group urges ministry to relook segregation at training institute
The Education Ministry should review the racial segregation of candidates applying to the Institute of Teacher Education (IPGM) to promote harmony, said the Malaysia Muslim Teachers Coalition (i-Guru).
— Malay Mail

Beware of man impersonating TNB contractor: PDRM
Police have warned of a thief preying on homes and offices under the guise of being a Tenaga Nasional Berhad (TNB) contractor.
— The Sun Daily

Call to consider suspending all Wuhan direct flights affects tourism — Satta
Kiulu assemblyman cum Parti Bersatu Sabah (PBS) information chief Datuk Joniston Bangkuai’s call to the State Government to consider suspending all daily direct flights from Wuhan to Sabah amid the outbreak of the mysterious coronavirus in the Chinese city was an extreme measure that will have a major impact on the tourism industry.
— The Borneo Post

Dr Mahathir receives courtesy call from Hamas leader Ismail Haniyeh
Prime Minister Tun Dr Mahathir Mohamad received a courtesy call from Hamas leader Ismail Haniyeh and his delegation at his office in Perdana Putra, here today.
— The Sun Daily

IGB REIT fourth-quarter earnings lower
IGB Real Estate Investment Trust’s (IGB REIT) net profit for the fourth quarter ended Dec 31, 2019 fell 28.7% to RM75.26 million from RM105.51 million a year ago, mainly due to revaluation surplus of RM30 million on investment properties in the corresponding quarter in 2018.
— The Sun Daily

Bid to get Unesco recognition for High Pole Lion Dance
There is an online petition to get the High Pole Lion Dance, a Muar-born tradition, recognised by Unesco (United Nations Educational, Scientific and Cultural Organisation).
— The Sun Daily

Feature photo My English Matters

This week’s Malaysia morning news feature photo focuses on International Day of Education, January 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).

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