Malaysia Morning News For December 6

Malaysia Morning News For December 6

Malaysia morning newsMalaysia to use QR codes to ensure authenticity of Musang King durians
The Malaysian government will be introducing Radio-Frequency Identification (RFID) technology in the future to identify and differentiate Musang King durians from other varieties.
— Channel News Asia

Pharmaniaga to spend RM100m to develop halal and cost effective vaccines
Pharmaceutical player Pharmaniaga Bhd will spend RM100 million over a period of five years to develop halal and cost-effective vaccines for the public.
— The Sun Daily

Uncontrolled influx of foreign workers keeping Malaysians from sleep, study shows
A study conducted by an independent global market research and opinion firm have found that the majority of Malaysians are most troubled by what they perceive as lax immigration control on foreign workers.
— Yahoo/Malay Mail Online

Govt softens stance on luxury property freeze
The government has softened its stance on the controversial freeze on approval for luxury projects with units above RM1 million each, but it still needs to be convinced why the developments should move forward.
— The Edge Markets

Anti-profiteering Act no longer relevant
Malaysia’s average inflation in the January-July 2017 period, which has returned to the rate before the Goods and Services Tax (GST) was introduced, suggests that the anti-profiteering regulation is no longer relevant, Institute for Democracy and Economic Affairs’ (Ideas) policy paper states.
— The Sun Daily

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Kazakhstan seeks more tie-ups with Malaysia
The Republic of Kazakhstan seeks to attract more Malaysian companies to cooperate on high-tech infrastructural and construction projects in the Central Asian country.
— New Straits Times

World Bank: Malaysia should focus on middle class’ growing aspirations
Malaysia needs to focus on policies that could meet growing aspirations of the huge middle class group in the country, according to a senior World Bank economist during the launch of a report today which she co-authored.
— Nikkei Asain Review (paywall)

YTL to develop 2 Marriott hotels each in Malaysia, Japan
YTL, a Malaysian construction-to-utilities conglomerate, said Tuesday it has agreed to develop two new luxury hotels in Malaysia with American hospitality firm Marriott International.
— Nikkei Asian Review (paywall)

Hitachi sees growth of internet of things in Malaysia and the rest of Southeast Asia
Hitachi Ltd. is promoting internet-of-things technology in Malaysia to prepare for the dawn of Industry 4.0 in Southeast Asia.
— The Japan Times

Muslim-owned companies must follow shariah laws, court told
Companies operated by Muslims must adhere to shariah laws as Islam is the official religion of the federation, the High Court heard today.
— Free Malaysia Today

Digital economy to increase competitiveness – Awg Tengah
Digital economy will increase the competitiveness of entrepreneurs, widen distribution network and create more jobs for youths, whether they are urban or rural-based.
— The Borneo Post

Malaysia wins MotoGP’s best Grand Prix of 2017
Malaysia’s motorcycle Grand Prix was named by the sport’s governing body on Tuesday as the best race of the 2017 MotoGP championship. Italian Andrea Dovizioso won the rainy race at Sepang in October in a Ducati one-two finish with Spanish team mate Jorge Lorenzo. The circuit has been a fixture.
— Daily Times

Malaysia 1MDB Scandal Is ‘Kleptocracy at Its Worst,’ Sessions Says
The alleged corruption related to a Malaysian state investment fund is “kleptocracy at its worst” and the U.S. is working to provide justice to the victims, Attorney General Jeff Sessions said on Monday.
— Bloomberg

Mahathir poses strongest challenge to PM Najib in Malaysian election: Observers
Former Malaysian prime minister Mahathir Mohamad is seen as the strongest candidate to challenge the rule of current premier Najib Razak in the country’s upcoming election, say observers and analysts.
— Channel News Asia

1.8 million Internet users in Malaysia under 18
The Internet user population in Malaysia has grown from 2.5 million in 2006 to 24.5 million this year, a growth of 880 percent, said Deputy Communications and Multimedia Minister Datuk Seri Jailani Johari.
— The Borneo Post

Banks likely to see pick up in loan growth towards the end of 2017
The banking sector is likely to see a pickup in loan growth in the remaining months of 2017, analysts project.
— The Borneo Post

Malaysia Stock Market May Snap Losing Streak
The Malaysia stock market has finished lower in back-to-back sessions, slipping more than 7 points or 0.4 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,715-point plateau although it may find traction on Tuesday.
— Nasdaq

Airline comes to the aid of stranded Malaysian
A Malaysian woman who could not afford to pay for new flight tickets, as well as the fine for overstaying in India, has now received help.
— The Star Online


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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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