Malaysia Morning News For November 23

Malaysia Morning News For November 23

Malaysia morning newsMalaysia, Indonesia say EU palm resolution will affect millions
Millions of people running small-time oil palm plantations will suffer if the European Parliament goes ahead with “unfair” measures that could curb palm oil use, the world’s two largest palm oil producers said on Wednesday.
— Reuters

Malaysia could lose RM1.5 billion a year, warn aviation bodies
Two aviation bodies said Malaysia could lose up to US$362 million (RM1,491 million) in revenue annually if it proceeds with its plan to impose a new charge on airline passengers.
— Free Malaysia Today

Bank Negara to enforce crypto regulation in 2018
Bank Negara Malaysia (BNM) will designate persons converting crypto currencies into fiat money as reporting institutions under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 beginning next year.
— The Borneo Post

Maybank launches Face ID and Voice ID for Maybank2u App
Malayan Banking Bhd (Maybank) had on Wednesday launched its facial and voice recognition security authentication service for its customers via the mobile Maybank2u App.
— The Star Online

MIER: Malaysia may hit high-income status by early next year
Malaysia may become a high-income economy as early as the first quarter of next year — almost two years before its 2020 target — if more focus is placed on income generating sectors, according to the Malaysian Institute of Economic Research or MIER.
— The Edge Markets

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Malaysia should opt for “higher quality investments” from China
Malaysia should opt for “higher quality investments” from China in the future, former Malaysian Investment Development Authority deputy chief executive officer Datuk Phang Ah Tong said.
— New Straits Times

Tencent’s expansion of WeChat Pay into Malaysia is important for its long-term success
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— Business Insider

Jirnexu to build e-commerce marketplace for insurance products in Malaysia
Southeast Asian fintech startup Jirnexu, the region’s only full stack fintech solutions provider for financial service institutions, has been approved by Malaysia’s central bank to compare, sell, process payments and issue e-policies for insurance products.
— Astro Awani

Malaysia imposes “moratorium” on new uni campuses
The Malaysian minister for higher education has called a halt to any prospective plans to build new university campuses in the country.
— The Pie News

Malaysia and Indonesia mull free trade zone in Borneo at annual summit
The leaders of Malaysia and Indonesia said on Wednesday that they have agreed in principle to establish more trading points along their border on the island of Borneo to strengthen bilateral ties.
— Nikkei Asian Review (paywall)

Malaysia thanks Indonesia for commitment to preserving haze-free skies
Malaysian Prime Minister Najib Razak on Wednesday (Nov 22) praised the Indonesian government for its commitment to tackling open-burning activities, which in previous years had triggered the transboundary haze.
— Today Online

Malaysia, RI to further strengthen cooperation
Malaysia and Indonesia agreed to increase cooperation in all sectors, especially in trade, during their 12th bilateral consultations held in Kuching, Malaysia, on Wednesday.
— The Jakarta Post

Malaysia to import chickens, ducks from Indonesia
Malaysia plans to import chickens and ducks from Indonesia, following a visit by Indonesian delegates, Animal Farm Board secretary general Ade Zulkarnain told The Jakarta Post on Tuesday.
— The Jakarta Post

Petronas LNG Inks Services Agreements in Malaysia
Petronas LNG Ltd. (PLL), has signed a two-year service agreement with Argo Engineering Sdn Bhd (Argo) and Eastport Marine Sdn Bhd (Eastport) to provide liquefied natural gas (LNG) ship-to-ship transfer services in Labuan, Malaysia.
— Rigzone

Malaysia Excels at Dubai Airshow 2017
A mission spearheaded by Malaysia External Trade Development Corporation (MATRADE) to promote Malaysian companies in the aerospace industry took place from 12 to 16 November 2017 in conjunction with Dubai Airshow 2017 in Dubai, United Arab Emirates (UAE). The mission saw 10 Malaysian companies raking in potential sales valued at RM165.25 million.
— Matrade

WIEF garners US$15.5 bln for the last 13 years
The World Islamic Economic Forum (WIEF) Foundation has launched its inaugural alumni network, connecting thousands of its members across the world, in an effort to create a global community of leaders and thinkers who continue to shape businesses, countries and communities into the future.
— The Borneo Post

Telekom 3Q pre-tax profit rises to RM235.51 million
Telekom Malaysia Bhd’s (TM) pre-tax profit for the third quarter ended Sept 30, 2017 (Q3 2017) rose to RM235.51 million from RM218.87 million recorded in the corresponding quarter last year.
— The Borneo Post

Malaysia’s GDP at 3-Year High: ETFs in Focus
Malaysia’s Department of Statistics said that the country’s GDP grew 6.2% year over year in the third quarter of 2017 compared with 5.8% in the second quarter and 4.3% in the year-ago quarter. The Malaysian Ringgit increased after the data release.
— Nasdaq

Creating a regional entertainment hub
LOCALLY-MADE films and television programmes will increasingly be viewed by worldwide audiences soon, now that an international conglomerate has established itself in Kuala Lumpur.
— New Straits Times

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Malaysia terrorism financing risk rated as medium scale
The overall terrorism financing (TF) risk for non-profit organisations in eight Asia-Pacific nations has been assessed as medium scale.
— New Straits Times

No confirmation that Malaysia’s most wanted terrorist is dead: Counter-terror chief
Malaysia’s counter-terrorism chief made clear on Wednesday (Nov 22) there is still no confirmation that the country’s most wanted terrorist, Mahmud Ahmad, is dead.
— Channel News Asia

IS supporters in Malaysia now working in ‘wolf packs’
In the past, Islamic State (IS) supporters in the country was typically categorised as lone wolves, but now investigators have coined a new term, “wolf pack” for groups in the country comprising of a small number of people.
— New Straits Times


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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