Malaysia Morning News For November 21

Malaysia Morning News For November 21
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Malaysia morning newsMalaysia, Europe to cooperate to raise MSPO benchmark
Malaysia and Europe are willing to collaborate with European experts to raise the benchmark for Malaysian Sustainable Palm Oil (MSPO) certification to ensure it will be accredited and accepted as a certifcation system.
— The Borneo Post

Malaysia’s overseas investments reach RM908b at June 2017
Malaysia’s position in terms of foreign direct investment and portfolio investment amounted to RM908bil for the period ended June 2017, the Dewan Rakyat was told.
— New Straits Times

Malaysia to enhance ties to Chinese e-commerce, AI
Malaysia plans to further enhance its ties with Chinese companies in e-commerce, digital economy and artificial intelligence to further accelerate the liberalization of trade and attract investment to maintain a robust growth momentum.
— China Daily

Tencent plans e-payment launch in Malaysia next year
China’s biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters.
— The Star Online

Seri Pajam Development expands to Port Dickson
Negri Sembilan-based property developer Seri Pajam Development Sdn Bhd – which has made its mark in Nilai, Senawang and Pajam – has made its maiden venture here to take advantage of the burgeoning development in the popular seaside town.
— New Straits Times

Public projects worth RM100 million and more must use BIM system from 2019
Beginning 2019, public projects worth RM100 million and above would be required to use the Building Information Modelling (BIM) system, said Works Minister Datuk Seri Fadillah Yusof.
— The Borneo Post

MoF: Only 8 majority foreign-owned firms ceased operations this year
The Ministry of Finance (MoF) has refuted claims that many foreign investors have either closed their operations here or moved to other countries.
— The Star Online

Work Ministry finalises compensation to EDL concessionaire
The Work Ministry is in midst of finalising the compensation to be paid to the concessionaire of the Eastern Dispersal Link (EDL) in Johor for the loss of revenue when the toll is scrapped from January next year.
— Malay Mail Online

Myopia prevalent among Malaysian schoolchildren
The prevalence of myopia or shortsightedness among Malaysians is said to have reached a ‘concerning’ level, mainly due to lack of public awareness on the importance of going for regular eye checks.
— The Borneo Post

Luxury property freeze to affect market sentiment
The freeze on luxury properties and the possible rate hike next year are expected to affect market sentiment, according to analysts.
— The Sun Daily

Najib-Jokowi to meet in annual bilateral talks
Duplication of border claims and protection of Indonesia workers are among the top agenda in the meeting between Prime Minister Datuk Seri Najib Razak and Indonesian president Joko Widodo scheduled.
— New Straits Times

Call for tender to design, build Malaysia’s side of infrastructure works for high speed rail
MyHSR Corp will call for a tender to appoint the project delivery partner (PDP) for the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) project on Wednesday (Nov 22).
— Today Online

Why employees in Malaysia are so unhealthy
According to findings from the Healthiest Workplace by AIA Vitality Survey 2017 for Malaysia, obesity is increasingly a problem in Malaysia with 12.5% of Malaysian employees to be obese.
— Human Resources Online

MACC not updated by FBI on 1MDB probe, says minister
The Malaysian Anti-Corruption Commission (MACC) has not received any information on a written declaration by a Federal Bureau of Investigation (FBI) agent pertaining to the United States Department of Justice’s (DoJ) civil suit linked to 1MDB.
— Free Malaysia Today

Clydes enters formal association with Malaysian local firm
Clyde & Co and Malaysia-based firm Shaikh David & Co have entered into a formal association to target clients in the firms’ key sectors.
— The Lawyer

Malaysia should climb world talent ranking on better economic landscape
Against a backdrop of improving economic conditions, Malaysia will likely improve its position in the annual IMD World Talent Ranking next year in attracting foreign talent.
— New Straits Times

Malaysia should focus on high-revenue medical tourists
Malaysia, which has a well-developed healthcare infrastructure, should intensify its focus to attract the high revenue-yielding medical tourism.
— Malay Mail Online

Malaysia’s central bank governor says ringgit not fairly valued
Malaysia’s ringgit currency is “far from reflecting its fair value”, the central bank governor said, signalling a desire for the exchange rate to build on its recovery from a sharp selloff last year.
— Banking & Finance

Property glut in Malaysia: Treat the cause not the symptom — Kerk Chee Yee
In its address to economic and financial developments in 3Q 2017, Bank Negara Malaysia has pointed out that there is currently a property overhang in the market, with 130,690 unsold units as of 1Q 2017. Out of the unsold units, 83 per cent of which belong to the above RM250,000 price range. It is also notable that 61per cent of the unsold units are high-rise apartments.
— Malay Mail Online

Even PR1MA homes see poor take-up rate, as Malaysians struggle to own a home
AS many Malaysians can ill afford to buy a home, Perbadanan PR1MA Malaysia, which is building 141,661 affordable homes, has managed to sell only 11,944 units, The Sun reported today.
— The Malaysian Insight

Malaysia learns from Ireland in bid to become signatory of Sydney and Dublin Accords
Representatives from the Board of Engineers Malaysia, the engineering body in that country, visited Engineers Ireland HQ in 22 Clyde Road last month in order to further its bid
— Engineer Journal


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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