Malaysia Morning News For November 1

Malaysia Morning News For November 1
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Malaysia morning newsMalaysian data breach sees 46 million phone numbers leaked
A massive data breach has seen the customer data of more than 46 million mobile subscribers in Malaysia leaked on to the dark web.

Malaysia Reopens 1MDB Case: A Return To Asia’s Biggest Corruption Scandal
The attorney-general of Malaysia has announced that investigations into the 1MDB scandal will reopen. It was thought that the police had concluded its investigation which caused significant business disruption across South-East Asia, but we may see more revelations going forward.
— Forbes

M’sia’s e-commerce has grown by 47%: Facebook
Malaysia’s e-commerce sector has grown by 47% from 2015 and is now worth US$2.41 billion (US$1=RM4.23), said Facebook Malaysia country director Nicole Tan.
— The Sun Daily

Malaysia slips one notch in World Bank’s Doing Business 2018
Malaysia slipped one notch to 24th position in the latest World Bank’s Doing Business 2018.
— New Straits Times

Malaysia and China: The new ‘lips and teeth’ duo
China and Malaysia are closer than they have ever been in over four decades of diplomatic relations. And if remarks by the outgoing Chinese ambassador are anything to go by, this may be only the beginning — much to the discomfort of certain critics.
Nikkei Asian Review (paywall)

Malaysian education policy, blueprint earn plaudits overseas
Paris-based Organisation for Economic Cooperation and Development (OECD) has commended the Malaysian education policy and the Malaysian Education Blueprint 2013-2025 based on the an assessment it carried out in 2015.
— New Straits Times

TIFA an alternative to boost Malaysia-US economic ties
Malaysia has reaffirmed its commitment to enhancing bilateral ties with the United States, despite the latter’s withdrawal from the Trans-Pacific Partnership Agreement (TPPA).
— New Straits Times

Malaysia allocates $91m for success fee for finding MH370
The Malaysian government has allocated up to $US70 million ($91m) for a “success fee” if a US underwater survey company finds Malaysia Airlines flight MH370 within 90 days of starting a new search.
— The Australian

Malaysia government cannot reveal details of 1MDB case with investigation ongoing, minister says
The Malaysian government is not able to reveal details on the 1Malaysia Development Berhad (1MDB) case as investigations are still ongoing, said Minister in the Prime Minister’s Department Azalina Othman Said.
— The Straits Times

Budget 2018: EPF panelist warns of rising expenditure and shrinking tax revenue
The Malaysian government’s expenditure, particularly in healthcare and pension payments are set to soar over the medium and long term, as the country moves towards becoming an aged population.
— The Star Online

Focus on education for skilled workforce, data protection framework
The Malaysian-German Chamber of Commerce and Industry (MGCC) has urged the government to focus on education for skilled workforce, framework for data protection and infrastructure while bracing itself for the Industry 4.0.
— The Borneo Post

Planning to achieve gender equality
BUDGET 2018 offers great reasons for women to celebrate. In his speech to announce the budget, Prime Minister-cum-Finance Minister I Datuk Seri Najib Tun Razak described 2018 as the year to empower women and directed that 30% of members of the board of directors in GLC, GLIC and statutory bodies must be women.
— The Star Online

Malaysia works to solidify position as Islamic finance hub
Malaysia’s banking system, including Islamic finance, is open to the use of financial technology, said Marzunisham Omar, the country’s central bank assistant governor said in a recent interview with the Nikkei Asian Review.
— Nikkei Asian Review

Alibaba Cloud begins operations in Malaysia
Alibaba Cloud today commenced operations in Malaysia, becoming the first global public cloud platform to host infrastructure in the country.
— Data Center Dynamics

5 initiatives by the Malaysia government that is spuring the growth of e-commerce
2017 has been great for the Malaysian e-commerce scene as the government has pledged various resources to fast track its development.
— E27

Employers can apply for foreign maid permits online beginning Jan 1
From Jan 1 next year, employers can apply for foreign maid permits from the Immigration Department via an online system, according to Immigration Department director-general Datuk Seri Mustafar Ali.
— The Sun Daily

Progress seen in long-awaited ELV policy
Transport Minister Datuk Seri Liow Tiong Lai had recently announced that the study to introduce a new policy on the lifespan of vehicles in the country is now at the final stage.
— The Borneo Post

CIMB Niaga posts 2.2 trillion rupiah net profit in the first nine months
PT Bank CIMB Niaga Tbk reported an unaudited consolidated net profit of 2.2 trillion rupiah (RM686.6 million) in the first nine months of 2017, representing an 69.1% year-on-year (y-o-y) growth, which translates into an earnings per share of 87.42 rupiah.
— The Sun Daily

AirAsia expands Kuching’s global reach with new route
AirAsia Bhd (AirAsia) has once again expanded Kuching’s international flight network by introducing its latest Kuching-Shenzhen daily direct flights.
— The Borneo Post

Singapore files fresh rebuttal against Malaysia’s Pedra Branca challenge
The Republic has filed a fresh rebuttal to Malaysia’s ongoing challenge to the Pedra Branca judgment at the International Court of Justice (ICJ), the Ministry of Foreign Affairs said on Tuesday (Oct 31).
— Today Online

Malaysia, Interpol to conduct ops against entry of foreign terrorists
Malaysia and its three neighbouring countries will carry out a joint operation with Interpol next month to curb the entry of foreign terrorists.
— Free Malaysia Today

Malaysia not planning to follow Singapore’s move in banning 2 Islamic preachers
Malaysia’s Deputy Prime Minister Ahmad Zahid Hamidi said on Tuesday (Oct 31) Malaysia has no plans to follow Singapore’s footsteps in barring two preachers from giving talks as they did not flout the country’s laws.
— Today Online

Najib says former PM causing fake news epidemic in Malaysia
Malaysia is facing an epidemic of fake news as its former prime minister has kept on stating that the country is in the top 10 of corrupt countries, said Prime Minister Najib Razak.
— Today Online

Feature photo World Bank Photo Collection/Nafise Motlaq
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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