Malaysia Morning News For December 22

Malaysia Morning News For December 22

Malaysia morning newsMalaysia stands firm in rejecting US recognition of Jerusalem despite Trump’s threat: Zahid
Malaysia remains adamantly against the US recognition of Jerusalem as the Israeli capital notwithstanding a veiled warning by US President Donald Trump that he would “take names” of critics, said Mr Ahmad Zahid Hamidi.
— Today Online

Malaysia ranked 35th in Forbes’ ‘Best Countries for Business 2018’
Malaysia is ranked 35th out of 153 countries in Forbes’ “Best Countries for Business 2018”.
— The Edge Markets

Malaysia’s new tallest building to be completed in 2018
Malaysia’s soon-to-be tallest building – The Exchange 106 – is on its way to completion as its reinforced concrete core wall is now in place.
— New Straits Times

Malaysia tells the world’s entrepreneurs: We want you
Malaysian Prime Minister Najib Razak wants to take his country to the next level of economic development, and he is inviting entrepreneurs from around the world to show the way.
— Nikkei Asian Review

Maybank ranked the safest bank in Malaysia, Indonesia
Malayan Banking Bhd and its Indonesian arm, PT Bank Maybank Indonesia, emerged as the safest banks operating in their respective countries, according to a country-by-country ranking by Global Finance Magazine.
— The Star Online

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Malaysia is an accomplice to human trafficking
The report by the New Straits Times, “The secrets of Wang Kelian exposed”, is a damning indictment of government law enforcement agencies who are involved in border security.
— Malaysiakini

Sunshine Empire founder charged in Malaysia
A Malaysian court yesterday charged Singaporean James Phang Wah with taking illegal deposits, a day after he was released from prison in the Republic.
— The Straits Times (paywall)

No material impact on Westports from Customs demand
Analysts believe that given Westports Holdings Bhd’s (Westports) steady day-to-day operations and financial health, the Bill of Demand by the Royal Malaysian Customs (RMC) will not likely have a material impact on the ports operator.
— The Borneo Post

Timber and product exports to grow to rm23 billion this year
The timber and timber product exports are expected to record five to six per cent growth to RM23 billion this year, surpassing RM22.11 billion last year, said Malaysian Timber Industry Board (MTIB) Director-General, Datuk Dr Jalaluddin Harun.
— The Borneo Post

Honda Malaysia recalls 49,116 Units of Odyssey and Accord
Honda Malaysia Sdn Bhd today announced a product recall for battery sensor failure and defective door mirror component affecting its Odyssey and Accord models.
— New Straits Times

Female Malaysian mayor to head UN’s urbanisation agenda
A Malaysian woman is set to take the helm of the United Nations agency seeking to improve life in fast-growing cities, which will be home to two-thirds of the world by 2050.
— New Straits Times

PM Najib’s Visit Strengthens Malaysia-Maldives Ties, Collaborations
The close bilateral ties between Malaysia and the Maldives today have been strengthened through collaborative efforts and smart partnerships in various sectors which benefit both countries.
— Malaysian Digest

Luxury projects freeze could lead to glut in properties below RM1m: Knight Frank
While the freeze on luxury developments will provide a breather for the high-end residential market, it poses a risk of oversupply of units below RM1 million as developers may divert to the more affordable segment.
— The Sun Daily

Protasco bags RM443m PPA1M project
Protasco Bhd has been awarded a RM442.6 million project under Pembangunan Projek Perumahan Penjawat Awam 1Malaysia (PPA1M), in a joint venture with Kop Mantap Bhd.
— New Straits Times

Public Bank, AIA extend regional bancassurance tie-up till 2037
AIA Group Ltd and Public Bank Bhd have announced a 15-year extension to their existing exclusive regional bancassurance agreement that extends the partnership to 2037.
— The Sun Daily

Malaysia Stock Market May Extend Winning Streak
The Malaysia stock market has moved higher in back-to-back sessions, gathering almost 15 points or 0.8 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,750-point plateau and it may add to its winnings on Friday.
— Nasdaq

Worries about Malaysia’s ‘Arabisation’ grow as Saudi ties strengthen
Malaysia’s growing ties to Saudi Arabia – and its puritan Salafi-Wahhabi Islamic doctrines – are coming under new scrutiny as concerns grow over an erosion of traditional religious practices and culture in the multi-ethnic nation.
— Free Malaysia Today


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).

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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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