Malaysia Morning News For December 20

Malaysia Morning News For December 20
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Malaysia morning newsHow will China investments impact GE14?
We cannot deny that the fairly recent influx of Chinese investments in Malaysia has been a game changer of sorts.
— Free Malaysia Today

Axiata has invested over RM9 billion in Sri Lanka
Axiata Group Bhd through its subsidiary Dialog Axiata PLC has invested over US$2.2 billion (RM9 billion) in Sri Lanka to spearhead the rapid development of the nation’s telecommunication industry.
— The Sun Daily

AirAsia, Firefly stewardesses’ uniforms too sexy: Malaysian MPs
Two Malaysian ruling-party lawmakers have chided homegrown airlines AirAsia and Firefly for dressing their stewardesses in uniforms that are “too revealing”.
—The Straits Times

What a Najib win could mean for Malaysia
The rule of the Umno-led Barisan Nasional looks set to be extended for many years to come if the Umno-PAS alignment works, according to an editorial in the East Asia Forum.
— Free Malaysia Today

Malaysia’s dependence on China for trade and investments an opportunity
Malaysia’s reliance on trade and investment links with China is less a fear and more an opportunity, economic experts say.
— The Sun Daily

‘Each Malaysian owes RM29,134 in debt?’
One of Pakatan Harapan’s more successful propaganda to lie to and mislead Malaysians is the gross external debt position of Malaysia.
— Malaysiakini

MDEC announces fifth Malaysia Digital Hub as part of initiative to foster startup ecosystem
The Malaysia Digital Hub initiative was launched earlier this year to offer opportunities to startups for connecting to ASEAN and global digital ecosystem.
— Open Gov

Clearing the clouds around Malaysia’s digitization ambitions
DIGITIZATION efforts in Malaysia are beginning to take root, but uncertainty and caution in both implementation and policy need to be overcome. That seemed to be the overarching conclusion one got after attending a closed-door event hosted by Hitachi Sunway Information Systems Sdn Bhd (Hitachi Sunway), Powerware Systems Sdn Bhd and Hitachi Asia (Malaysia) Sdn Bhd for a group of CIOs held in Kuala Lumpur recently.

Malaysia will help safeguard Islam’s interests in the Middle East, Hishammuddin says
Malaysia is not sending soldiers to the West Bank for war but to ensure peace and stability in the Middle East region, Defence Minister Datuk Seri Hishammuddin Hussein said today.
— Yahoo/Malay Mail Online

Sweet Success with Nuclear: Malaysian Farmers to Grow Natural Sugar Substitute
Farmers in impoverished communities in East Malaysia will be able to grow a cash crop starting next year – thanks to nuclear science.

Malaysian consumer confidence level remains stable in Q3
The Malaysian consumer confidence remain stable in the third quarter (Q3) of 2017 with an index score of 93 percentage points (pp) – down one point compared to Q2 2017, according to the latest Global Survey of Consumer Confidence and Spending Intentions released recently by Nielsen.
— New Straits Times

Malaysia to see 3.2% real wage growth in 2018
The average salary in Malaysia is expected to grow by 3.2% in 2018, an increase over the 1.3% growth recorded in 2017, said global management consulting firm, Korn Ferry Hay Group (Korn Ferry).
— The Star Online

Youth Housing Scheme eligibility criteria relaxed
The government’s Youth Housing Scheme (YHS), which is solely offered by Bank Simpanan Nasional (BSN), has been extended to Malaysian citizens aged 21 to 45 years old and single or married youths with household income of no more than RM10,000 per month.
— The Sun Daily

Malaysian palm oil price oil declines but pares losses on high stocks
Malaysian palm oil futures declined on Tuesday evening as high end-stocks and sluggish demand dented sentiment but pared an earlier 1 percent drop.
— The Star Online

Study: 57% of M’sian parents with grown-up children still helping them out financially
Parents in Malaysia are not cutting the financial umbilical cord, with 57% of people with children over the age of 18 still giving them regular financial support, according to HSBC’s new the Power of Protection study, Facing The Future.
— The Sun Daily

Singapore issues more financial bans related to 1MDB
Singapore’s central bank on Tuesday said it had permanently barred Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to Malaysia’s 1MDB fund, from managing financial services firms and advisory activities.
— The Star Online

Malaysia, China cops cripple scam syndicate, 140 nabbed
Malaysian and Chinese police have crippled a scam syndicate that had caused victims in the two countries to incur about RM13mil in losses.
— The Star 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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