Malaysia Morning News For December 27

Malaysia Morning News For December 27
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Malaysia morning newsAustralian Maria Exposto faces death penalty if convicted of drug trafficking in Malaysia
A 54-year-old Australian woman could be sentenced to death if convicted of drug trafficking by a Malaysian court today.
— ABC News

Chinese Consortium Wants to Build Malaysia-Singapore Railway
A consortium led by China Railway Corp. (CRC) intends to submit a proposal for the planned Kuala Lumpur-Singapore High-Speed Rail that would link Malaysia with its southern neighbor, personnel from the national rail operator told Caixin.
— Caixin

WB lifts Malaysia’s 2017 growth estimate to 5.8%
The World Bank (WB) has raised its 2017 growth estimate for Malaysia’s economy to 5.8 percent, which would be the highest annual expansion since 2014, buoyed by burgeoning domestic demand and an improved labor market, it said.
— Manila Bulletin

oBike to launch own cryptocurrency that users can earn while riding
The oCoin is set to be launched in partnership with Chinese blockchain platform Tron in the first quarter of next year. oBike has over 10 million users in more than 20 countries including Malaysia, Australia and Switzerland.
— The New Paper

2017 Was A ‘Satisfying’ Year For Malaysia At UN
Taking stock of 2017, Malaysia’s permanent representative to the United Nations says that 2017 was a ‘satisfying” year, peaking in the UN General Assembly voting on December 22 rejecting US President Trump’s decision to recognise Jerusalem as Israel’s capital and move the US embassy from Tel Aviv to Jerusalem.
— Malaysian Digest

Malaysian regulator to open ‘sandbox’ for alternative trading system in 2018
Securities Commission Malaysia (SC) is inviting companies that are keen to establish and operate an alternative trading system (ATS) in the country to take part in its ‘regulatory sandbox’ sessions in the first quarter of 2018.
— Asia Asset Management

Malaysian firm to list on Cambodian stock market
Cambodia’s fledgling stock exchange could receive a much-needed boost after Malaysian-owned power infrastructure provider Pestech Cambodia officially submitted its application for an initial public offering on the CSX, industry insiders said yesterday.
— The Phnom Penh Post

Human trafficking syndicates carry on blithely at Malaysia-Thai border
Human trafficking syndicates have remained unfazed in the face of heavy punishment as they can reap huge profits from the illegal trade.
— Today Online

Sophisticated investors are staying away from Bitcoin
Malaysia’s pension fund managers are not putting money into bitcoin, despite the digital currency’s recent stratospheric rise.
— New Straits Times

EU court ruling won’t change things for Uber, Grab in Malaysia
The recent European Union (EU) court ruling that Uber should be regulated like taxi operators would not affect the Malaysian government’s existing plans of regulating e-hailing services like Uber and Grab.
— Today Online

Malaysian Digital Association’s d Awards makes it return in 2018
The Malaysian Digital Association’s (MDA) all-new d Awards returns to celebrate the best innovative works in designing and execution of digital marketing campaigns and the talent behind them.
— New Straits Times

‘BNM’s efforts aid Malaysia with resilient economy’
Reform efforts by Bank Negara Malaysia (BNM) since 1994 has enabled the Malaysian economy to continue to remain resilient with financial and economic stability remains uncompromised despite volatility of capital flows and the ringgit in the recent period, said Second Finance Minister, Datuk Seri Johari Abdul Ghani.
— The Borneo Post

EIA report for high-speed rail open for public viewing
The Environmental Impact Assessment (EIA) report for the Kuala Lumpur–Singapore High Speed Rail (HSR) is open for public viewing and feedback from today until Jan 25, 2018, according to MyHSR Corp Sdn Bhd.
— The Sun Daily

Malaysian palm oil price jumps 2% on stronger export demand
Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.
— The Star Online

Another Indian state receives sand from Malaysia
Following the first-ever shipment of Malaysian sand to Tamil Nadu in October, another Indian state, Karnataka, has received a separate consignment.
— Free Malaysia Today

Heineken Malaysia gets party ready with Drink Sensibly campaign
This festive season, Heineken Malaysia is using the power of social media to drive home the importance of responsible drinking.
— Malay Mail Online

Malaysia’s national laureate Shahnon Ahmad dies aged 84
A Malaysian national laureate, Datuk Shahnon Ahmad, died on Tuesday morning (Dec 26) due to pneumonia. He was 84.
— The Straits Times


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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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