Malaysia Morning News For November 14

Malaysia Morning News For November 14

Malaysia morning newsMalaysia to develop logistic partnership within Asean, China and Asia Pacific
Malaysia will focus on developing and expanding its logistics partnership within ASEAN, China and Asia Pacific countries, says Transport Minster Datuk Seri Liow Tiong Lai.
— New Straits Times

Malaysia’s government debt 50.9pc of GDP
Malaysia’s government debt accounts for 50.9 per cent of the country’s gross domestic product (GDP), lower than the government’s self-imposed 55 per cent limit, Finance Minister II Datuk Seri Johari Abdul Ghani said today.
— Malay Mail Online

Asean-HK FTA to attract more investors to Malaysia
The just-signed Asean-Hong Kong Free Trade Agreement (FTA) will enable Malaysia to attract more Hong Kong investors to its shores, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
— The Sun Daily

Malaysia’s efforts to help Rohingya Muslims bear fruit as Suu Kyi agrees to act
Malaysia’s relentless efforts in raising the plight of the Rohingya Muslim minority in Rakhine state have borne fruit when Myanmar gave its commitment to resolve the issue at the 31st Asean Summit and Related Summits, here.
— New Straits Times

Malaysia’s CIMB says backup tapes with customer data lost; impact on S’pore not ascertained
Malaysia’s CIMB Group Holdings said some magnetic tapes containing back-up customer data were lost during routine operations, but added that there has been no evidence that any data has been compromised, Reuters reported on Monday.
— The Straits Times

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October palm oil inventory level of 2.19 million MT above analysts’ estimate
Malaysia’s palm oil inventory level of 2.19 million metric tonnes (MT) for October, as per Malaysian Palm Oil Board’s (MPOB) monthly closing stock of oil palm products, is close to market expectation but higher than analysts’ estimates.
— The Borneo Post

Foreign buying returns to Bursa after seven weeks of continuous selling
The seven-week foreign selling streak on Bursa Malaysia was snapped last week as foreign funds entered the Malaysian market albeit at a measurable pace.
— The Borneo Post

RCC upbeat on Malaysian market
WITH Malaysia being an important part of the Southeast Asian cruise product, the Royal Caribbean Cruises Ltd (RCC) is looking forward to the country’s cruise port development in the coming years.
— New Straits Times

Raw material costs and currency woes lead to profits slump at Nestlé Malaysia
Net profits at Nestlé (Malaysia) dropped by 25% during the latest quarter, down from RM160.71m this time last year to RM119.75m.
— Food Navigator

Invest In Malaysia, DPM Urges Global Chinese Diaspora
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has called on the global Chinese diaspora to invest in Malaysia.
— Malaysia Digest

Malaysia a huge market for Pakistani salt: envoy
Malaysia is a huge market for Pakistani salt, as Pakistan possesses second largest salt mines after Canada, said Muhammad Nafees Zakaria, high commissioner-designate of Pakistan to Malaysia, on Monday.
— The News

Malaysia unemployment rate to stay at 3.3%-3.4% in 2017, says AmBank Research
AmBank Group Research said Malaysia’s September unemployment rate stayed at 3.4% for the second consecutive month while the labour force participation rate improved slightly to 67.9%.
— The Edge Markets

Indonesia, Malaysia, Philippines seek ways to prevent extremism
Foreign ministers of Indonesia, Malaysia, and the Philippines held an informal meeting on the sidelines of the 31st ASEAN Summit in Manila on Nov 12 to discuss measures to prevent the return of extremists who attacked the southern Philippine of Marawi, Vietnam News Agency (VNA) reported.
— New Straits Times

Malaysia-China ties only on business, no communist ideology involved – Home Ministry
Malaysia’s bilateral relations with China focus purely on trade and investment, said the Home Ministry.
— New Straits Time

Vietnam and Malaysia play vital roles in making TPP 11 happen
Vietnam and Malaysia played key roles in salvaging the 11-nation Trans-Pacific Partnership trade pact, which came close to collapsing after the U.S. pulled out.
— Nikkie Asian Review

Malaysia denies Trump’s claim it cheated in bilateral trade
Putrajaya today denied an accusation by United States President Donald Trump that Malaysia was among countries that cheated on their trade with the US and responsible for the latter’s US$50 billion (RM221 billion) trade deficit.
— Free Malaysia Today

More Singapore and Malaysia employees need professional career advice compared to rest of the world: Study
Professional career advice is greatly sought in Singapore and Malaysia, where the proportion of employees wanting help was way above the global average.
— Business Insider

Globalisation – and the free movement of goods and services that comes with it – will march on with or without the support of the world leaders bickering in Vietnam this weekend over the future path for free trade.
— South China Morning Post

‘Cyber security law should tackle fraud data purchases’
Malaysian cyber law, especially cyber security law should have more defined processes and regulations to track the purchase and dealings in Bitcoin among Malaysians in order to track fraudulent data purchases.
— The Borneo Post

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Payments Network Malaysia Chooses ACI Worldwide for Country’s Real-Time Retail Payments Platform
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Payments Network Malaysia (PayNet), the national financial market infrastructure provider, will build Malaysia’s Real-time Retail Payments Platform (RPP) using ACI’s UP Immediate Payments solution.
— Nasdaq

Motorbike app RealRider continues global expansion with Malaysia roll-out
Newcastle’s Realsafe Technologies is preparing to embark on the next phase of its international expansion after announcing that its motorcycle safety app will be rolled out across Malaysia.
Chronicle Live (video)

Malaysia’s AirAsia Pitches For Budget Carrier In Sri Lanka – Report
Malaysia’s AirAsia, the largest discount carrier in Asia by fleet, has pitched to set up a budget airline in Sri Lanka, The Sunday Times Sri Lanka reported.
— Nikkei Asian Review

Number of Malaysians under 30 declared bankrupt falls
The number of Malaysians under 30 years old declared bankrupt from January to September 2017 due to credit card debts declined to nine individuals compared to 22 last year.
— The Star Online

Education Malaysia Fair from Nov 17
The Education Malaysia Fair will be held on November 17 and 18 at Movenpick Hotel West Bay Doha, organisers announced yesterday.
— Gulf Times

Something needs to be done about obesity in Malaysia
By the second day, there was a clear sense of frustration among some of the participants of the Addressing the Global Health Challenge of Obesity in Malaysia and Beyond workshop, which was organised by Academy of Sciences Malaysia (ASM) and The Academy of Medical Sciences, Britain.


Feature photo Bernard Spragg. NZ
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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