Malaysia Morning News For December 13

Malaysia Morning News For December 13

Malaysia morning newsElections won’t change stable business climate in Malaysia: Treasury Secretary-General
Entrepreneurs need not worry about how Malaysia’s looming elections will affect the business environment as it is a stable country with a stable government and “nothing will change”, Treasury Secretary-General Irwan Serigar told Channel NewsAsia on Tuesday (Dec 12).
— Channel News Asia

Malaysian development company seeks license to develop hydropower in Nepal
Ludhiana Holdings Sdn Bhd is seeking a survey license from the Nepal Department of Electricity Development to begin developing the 300-MW Jawa Jumla hydropower project on the Tila River, located in Karnali Zone, Nepal.
— Hydro World

PT2SB signs financing agreement for Malaysia oil storage terminal
Dutch oil and chemical storage company Royal Vopak said that PT2SB, a joint venture between it and Malaysia’s Petroliam Nasional Berhad (Petronas), Dialog Group Berhad and the Malaysian state of Johor, had signed a $1.25 billion financing agreement with a syndicate of 9 banks for an oil storage terminal.
— Reuters

Malaysia airports see 4.8% rise in passengers in November
The number of passengers passing through the 39 airports that Malaysia Airports Holdings Bhd (MAHB) manages in the country rose by 4.8% year-on-year (y-o-y) in November 2017.
— The Edge Markets

Personal data leak of mobile phone subscribers in Malaysia was in 2014: Official
The leak of personal data involving 46.2 million mobile phone subscribers reported on Oct 18 this year occurred in 2014 and did not involve the latest data, said Deputy Minister of Telecommunications and Multimedia, Datuk Seri Jailani Johari.
— Channel News Asia

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ABM says it members remain supportive to o&g sector financing
The Association of Banks in Malaysia (ABM) says its members, comprising 27 commercial banks, have remained supportive and will continue to provide access to financing for viable businesses including the oil and gas (O&G) sector.
— New Straits Times

Fajarbaru gets RM22m contract to renovate Pos Malaysia’s KLIA parcel sortation centre
Fajarbaru Builder Group Bhd secured a RM22.05 million contract from Pos Malaysia Bhd to renovate the latter’s Integrated Parcel Sortation Centre at Pos Malaysia International Hub at Kuala Lumpur International Airport.
— The Edge Markets

Malaysia still in negotiations for Bandar Malaysia’s master developer
Malaysia is still in negotiations for a master developer for its ambitious Bandar Malaysia project, Treasury Secretary-General for Malaysia’s Finance Ministry Irwan Serigar told Channel NewsAsia in an interview on Tuesday (Dec 12).
— Channel News Asia

Malaysia sees five-year high in deals in M&A, PE/VC and IPO
Malaysia has seen a strong momentum in deal activity with total deals in mergers and acquisitions (M&A), private equity (PE)/venture capital (VC) and initial public offering valued at US$20.3 billion in 2017.
— New Straits Times

Malaysia sees mobile commerce boom as online payments become widely available
Malaysian people’s love for mobile shopping has led to more transactions generated on mobile platforms.
— Borneo Bulletin

New adventure-based travel platform Adventoro unveiled in Malaysia
Startup Adventoro Travel Technologies has officially launched Adventoro, a new online platform featuring adventure-based tours and activities in Malaysia. The platform aims at helping thrill-seekers and travelers from anywhere in the world to discover and book adventure-based tours and activities in Malaysia.
— Marketing Interactive

Malaysians now enjoying much higher living standard
Malaysians are now enjoying a much higher standard of living than before, said Economics, Institute of Strategic and International Studies (ISIS) said.
— The Star Online

Ringgit expected to strengthen further in 2018
The Malaysian ringgit has emerged as one of the top performing currencies, strengthening by about 7.2% against the US dollar so far this year.
— Free Malaysia Today

Malaysia’s Internet regulator summons online news site chiefs over an editorial
Malaysia’s Internet regulator on Tuesday (Dec 12) summoned the editor, director and several individuals from The Malaysian Insight (TMI) online news portal in an investigation over an article it published recently.
— The Straits Times (paywall)

Everything You Need to Know About Malaysia’s Election: Q&A
Malaysia is preparing for a general election in 2018 and the outlook is promising for Prime Minister Najib Razak. It’s been an uncomfortable few years, with headlines swirling about a scandal over the finances of a state fund and unhappiness over rising living costs. But Najib is arguably in his strongest position since his narrow victory in the 2013 ballot, with the economy picking up and the opposition in disarray.
— Bloomberg

Pos Malaysia under seling pressure, says AllianceDBS Research
AllianceDBS Research said Pos Malaysia Bhd (Pos) had on Dec 12 broken below the RM5.15 support to reach a low of RM5.09 before closing near the day’s low at RM5.10 (down 29 sen or 5.38%).
— The Edge Markets


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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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