Malaysia Morning News For December 18

Malaysia Morning News For December 18

Malaysia morning newsMalaysia says ‘no’ to legalising narcotics — Ahmad Zahid
Malaysia will not bow to any resolution passed by any world body, including the United Nations, to legalise the use of narcotics, says Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
— The Borneo Post

Malaysia to delay implementation of Vehicle Entry Permit: Report
The implementation of Malaysia’s Vehicle Entry Permit (VEP) originally scheduled for January 2018 will be delayed, the country’s transport minister Liow Tiong Lai said on Sunday (Dec 17).
— Channel News Asia

‘Malaysia must lead Asean on Rohingya crisis’
ASEAN must end its principle of non-interference in the internal affairs of a member state and get tough with Myanmar over the Rohingya crisis, experts said at an international conference in Melbourne, Australia.
— The Malaysian Insight

ASEAN’s Rohingya Response — Barely A Peep Outside Of Malaysia
More than 600,000 Rohingya Muslims have been displaced from their Myanmar homes in what has been described as the “fastest growing refugee crisis in the world.” An estimated of at least 6,700 members of the minority group have met violent deaths, including 730 children below age 5, according to the latest numbers by Doctors Without Borders.
— Forbes

Malaysia, Luxembourg agree to establish joint business
Malaysia and Luxembourg have agreed on the possibility of establishing a joint business council to strengthen and foster greater cooperation in many areas, including trade, investment, Islamic finance and banking.
— New Straits Times

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Yearender: Railway cooperation helps boost China-Malaysia ties
Yi Dai Yi Lu, or Belt and Road Initiative, is one of the few Chinese phrases 24-year-old Mohd Syamin Bin Zainol is able to speak in Chinese after taking part in a railway workshop.
— Xinhua Net

‘Govt to pay RM60 mln if PSC at KLIA, klia2 not equalised’
The government will be forced to fork out RM60 million in subsidies if the passenger service charges (PSC) for long-haul international flights between KLIA and klia2 are not equalised.
— The Borneo Post

Bank Negara to meet digital coin exchangers, seeks feedback on reporting obligations
Bank Negara Malaysia (BNM) is scheduled to meet the active digital currency exchangers today with regard to the reporting obligations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).
— The Sun Daily

BNM: RM75m cryptocurrencies transactions each month
Bank Negara Malaysia said there are an average of RM75mil in transactions of bitcoin and other cryptocurrencies each month in Malaysia, on four digital currency exchanges.
— The Star Online

Huawei announces new OpenLab in Malaysia to drive digital transformation in APAC
Huawei has announced the construction of a new OpenLab in Malaysia, which will serve as an open, flexible, and secure platform for joint innovation with local partners.
— Networks Asia

Rising costs hit Malaysia’s urban poor the hardest, says World Bank
POORER households are hardest hit by rising cost of living that has been compounded by a lack of affordable housing, according to The World Bank’s latest Malaysia Economic Monitor report.
— The Malaysian Insight

A shift in Malaysia’s retail culture
In the festive round-up towards the end of the year, shopping comes to mind as many look to purchase the new ‘it’ item or stocking up on good deals as retailers make space for the new year.
— The Borneo Post

Malaysian pension fund KWAP picks 45% in Vortex Solar Investments
Vortex, a European renewable energy-focused private equity platform, has sold a 45 per cent equity stake in Vortex Solar Investments S.a.r.l to Malaysia’s second-largest pension fund, Kumpulan Wang Persaraan (KWAP), in a GBP67.5 million ($90 million) transaction.
— Deal Street Asia

Global concludes exit from Asian Finance Bank Malaysia
Global Investment House (Global), a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital markets in the MENA region, has announced that its alternative asset management arm, Global Capital Management (GCM), has successfully signed the share purchase agreement for the sale of stake in Asian Finance Bank Berhad (AFB) owned by Global MENA Financial Assets Limited (GMFA), an investment fund managed by GCM.
— CPI Financial

AirAsia going digital, to focus on customer service in 2018
Going digital and a more efficient customer service will be one of AirAsia’s primary goals in 2018, according to its chief Tan Sri Tony Fernandes.
— Malay Mail Online

Malaysian voters more discerning now, poll suggests
Nearly half of Malaysians in a recent survey said candidates would influence their voting choice more than political parties, up from just one in
— Malay Mail Online


Feature photo udeyismail

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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