Malaysia Morning News For November 2

Malaysia investigating reported leak of 46 million mobile users data
Malaysia is investigating an alleged attempt to sell the data of more than 46 million mobile phone subscribers online, in what appears to be one of the largest leaks of customer data in Asia.
— The Edge Markets

EU-Malaysia FTA must address trade barriers against palm oil
Malaysia’s free trade agreement talks with the European Union (EU), which is slated to be renegotiated after a lull of five years, must address trade barriers that discriminate palm oil.
— New Straits Times

Why Malaysia shouldn’t worry about China’s investments
A very good Malay friend has asked for my comments on whether Malaysia should worry about China’s investments in the country. Obviously, many Malaysians have begun to raise this question because the opposition has been passing negative remarks in their campaign against the Chinese investments secured by the federal government.
— Free Malaysia Today

Malaysia to offer unemployment insurance starting in 2018
Malaysia’s government plans to introduce unemployment benefits including allowances and support for training, a move that will help protect workers but has drawn fire from employers over growing costs.
— Nikkei Asian Review (paywall)

19,000 illegals, 427 employers nabbed nationwide from July to Oct – Immigration DG
More than 19,000 illegal immigrants and 427 employers were arrested by the Immigration Department between July 1 and Oct 31 this year.
— The Borneo Post

Lazada Malaysia on track to cater 600m projected customer-base under DTFZ
Lazada Malaysia is on track with preparations to cater to the 600 million projected customer-base once the Digital Free Trade Zone (DFTZ) fully takes off in 2019, said chief operating officer Kevin Lee.
— New Straits Times

Rafizi admits 2018 Budget benefits the people
Pandan MP Mohd Rafizi Ramli today acknowledged that the 2018 Budget tabled by Prime Minister Datuk Seri Najib Razak benefits the people.
— New Straits Times

Eco World Foundation donates RM60,000 electric oven to Montfort Boys Town
Eco World Foundation (ECWF) on Wednesday donated a new electric oven worth RM60,000 to Montfort Boys Town learning institution in a bid to assist the learning of underprivileged youths.
— New Straits Times

Malaysia’s Sept export growth seen slowing for second month
Malaysia’s exports in September are expected to rise at a slower annual pace for the second month in a row, a Reuters poll showed, although growth will likely remain robust on strong global demand.
— The Edge Markets

Malaysia lender looking to acquire franchise for Philippine operations
Two more foreign banks were to make their presence felt in the Philippines before the end of the year, according to the Bangko Sentral ng Pilipinas (BSP).
— BusinessMirror

Search for MH370 not confirmed
An international media outlet which claimed the search operation for the missing MH370 could resume next year was not true, said Transport Minister Datuk Seri Liow Tiong Lai.
— The Borneo Post

Government approved RM200 mln to assist smallholders, tappers — Najib
The government approved a RM200 million allocation for several initiatives specifically for smallholders and rubber tappers, said Prime Minister Datuk Seri Najib Tun Razak.
— The Borneo Post

AppAsia sees 2.81% stake traded off-market
Some 8.82 million AppAsia Bhd shares, representing 2.81% of the company’s outstanding shares, were traded off-market today.
— The Edge Markets

MACC to be part of 2018 Budget implementation process
The government will work with the Malaysian Anti-Corruption Commission (MACC) in implementing the 2018 Budget proposals to ensure that there are no leakages.
— New Straits Times

Minimum wage review every two years
Deputy Human Resources minister Datuk Seri Ismail Muttalib said the move is in accordance with the National Wages Consultative Council Act 2011 (Act 732), where the review will be conducted by the council (MPGN).
— New Straits Times

Mobile-based child tracking kit launched
Malaysia’s first mobile-based child tracking kit that provides end-to-end support for parents so that they now can track the whereabouts of their children was launched today.
— The Sun Daily

Dolphin taking a breather, says AllianceDBS Research
AllianceDBS Research said Dolphin International Bhd (Dophin) had on Nov 1 traded within previous day’s range to form an inside day bar before closing unchanged at 22.5 sen.
— The Edge Markets

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.

Malaysia Morning News For November 2 added by Leakhena Khat on November 1, 2017
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.