Malaysia Morning News For November 16

Malaysia Morning News For November 16

Malaysia morning newsMalaysia seeks Chinese fillip to reach high-income status by 2020
The clock is ticking on Malaysia’s drive to become a high-income country by 2020, and it has turned to China for some extra momentum.
— Nikkei Asian Review

After Puchong pub blast, Malaysia dips in global terrorism index
Malaysia has slightly fallen in the Global Terrorism Index (GTI) 2017 released today, following the Islamic State-linked hand grenade blast at a pub in Puchong last year.
— Malay Mail Online

Malaysia’s Land Policies and Administration Offer Useful Examples to Developing Countries
Malaysia’s success in reforming land policies and land administration can help other developing countries striving to better manage their resources, says a new World Bank report.
— World Bank

Malaysians have RM5.96 billion in unclaimed money
A total of RM5.96 billion has not been claimed by Malaysians as at Oct 31, the Dewan Rakyat was told today.
— New Straits Times

Fuel prices in Malaysia reach record high
At the stroke of midnight, petrol prices in Malaysia will reach a record high since the new weekly managed-float system was introduced in March.
— Today Online

TNB, PLN plan to build power plant in Kalimantan
Tenaga Nasional Bhd will build a 2x200MW coal-fired power plant in Kalimantan with PT PLN (Persero), the Indonesian state-owned utility company.
— New Straits Times

CPTPP conclusion could advance trade liberalisation despite challenges
The conclusion of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signals that trade liberalisation can still advance despite challenging international economic conditions.
— The Borneo Post

Malaysia’s future in good hands, says Najib
MALAYSIANS can be assured that their future and the country’s is in the hands of a government that is capable of delivering the goods, said Prime Minister Najib Razak.
— The Malaysian Insight

Expert: Malaysians among members of IS channel created by arsonist
Some Malaysians are believed to be members of a pro-Islamic State (IS) Telegram channel developed by one of the two jihadists who were killed after torching a police station in West Sumatra, Indonesia, on Sunday.
— Free Malaysia Today

Cuba, Malaysia Cooperate to Promote Social Transformations
Cuba and Malaysia have reaffirmed their willingness to cooperate within the framework of the UNESCO”s Management of Social Transformations (MOST) Program, during a meeting held between the delegations of both countries at the 39th General Conference.
— Prensa Latina

SE Asia Stocks-Most slide on weak oil prices; Malaysia hits 8-mth closing low
Most Southeast Asian stock markets ended lower on Wednesday, with Malaysia closing at its lowest in eight months, as a slide in global equities and oil prices spurred risk aversion.
— Reuters

World Bank raises US$2 billion with 10-year bond for sustainable development
The World Bank has launched a 10-year global benchmark bond, raising US$2 billion for sustainable development.
— The Edge Markets

Malaysia 3Q GDP Growth Likely Slowed to 5.7% — Poll
Malaysia’s economic expansion likely slowed slightly in the third quarter after two quarters of better-than-expected growth.
— Fox Business

Hitting a new Low in 1MDB answer
The Malaysian Anti-Corruption Commission (MACC) must not abscond from its constitutional duty to investigate the ample hard evidence of corruption, abuse of power and criminal breach of trust in 1MDB as confirmed by its own former senior officer.
— Free Malaysia Today

Govt considering extra BR1M — Johari
The government is considering giving an additional 1Malaysia People’s Aid (BR1M) if the government were to gain more revenue from rising oil prices, the Dewan Rakyat was told yesterday.
— The Borneo Post

Sapura Energy group gets RM1.47b of contracts
Sapura Energy Bhd’s direct and indirect units have secured RM1.47bil worth of contracts to provide its services to Petronas Carigali Sdn Bhd, Repsol Oil & Gas Malaysia Ltd, the Refinery and Petrochemical Integrated Development (RAPID) and in Brazil.
— The Star Online

Chief Minister officially launches SarawakPay
The Sarawak government has officially launched SarawakPay, a cashless mobile payment solution to empower the state’s digital economy agenda.
— The Borneo Post

Mudajaya to finance 49 MW in Malaysia with Islamic bonds
Mudajaya, a Malaysian engineering and construction group, aims to raise up to 245 million ringgit ($58.7 million) by issuing sukuk Islamic bonds. It will use the proceeds to finance the construction of 49 MW of solar capacity in northern Peninsular Malaysia.
— PV Magazine

Prices of seafood, vegetables set to rise in Malaysia due to rainy season
Fishermen in several Malaysian states have warned of a price increase for fish and other seafood as they brace for a considerably lower haul caused by the rainy season that leads to rough seas, and forcing fishermen to stick closer to the shoreline.
— The Straits Times (paywall)

Singapore, Malaysia conduct joint exercise at Second Link
A car carrying a prominent businessman and three passengers “collided” with a truck carrying 20 drums of hydrochloric acid – resulting in five of the drums falling onto the road and leaking. One drum “fell” into the waters below, though it remained sealed. This was the scenario at yesterday’s emergency response exercise at the Tuas Second Link.
— The Straits Times (paywall)

Malaysia seeks social impact assessment for high speed rail
Malaysia’s MyHSR Corp will call for a tender to appoint a consultant to carry out social impact assessment, or SIA, for the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
— The Straits Times (paywall)

Local teachers account for about 80 per cent — Manyin
The percentage of local teachers in Sarawak is now over 80 per cent in both primary and secondary schools.
— The Borneo Post

[Video] Should Muslims Support Same-Sex Marriage In Malaysia? See What These Imams Have To Say
As Australia celebrates a pivotal day in history for same-sex marriage and with its Prime Minister Malcolm Turnbull announcing for the bill to be legalised before Christmas, some LGBT Malaysians can only ‘wish’ for that day to come – while others, unsurprisingly express their disgust over the news.
— Malaysian Digest


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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