Malaysia Morning News For November 24

Malaysia Morning News For November 24

Malaysia morning newsMalaysia and EU form special committee to address protectionist issue
Malaysia and the European Union (EU) are setting up a Palm Oil Economic and Technical Committee to help resolve the ongoing debate on disguised protectionist measures.
— New Straits Times

Nestle opens new global procurement hub in Malaysia
Nestle has selected Malaysia as one of its three sites across the world for its global procurement hub, it has been announced at a press conference.The company’s Malaysian CEO, Alois Hofbauer, said a new 23,000 sq ft hub would service over 100 countries worldwide.
— Supply Chain Digital

Maybank Islamic launches Rent-to-Own housing scheme, first by a Malaysian bank
Maybank Islamic, which plans to roll out its rent-to-own scheme named HouzKEY to the public in the first quarter of next year, is eyeing a portfolio size of RM1 billion within the first year.
— The Sun Daily

Malaysia’s AirAsia X posts Q3 loss on rising costs
AirAsia X Bhd posted on Thursday a net loss for the third quarter versus a year-ago profit, as the long-haul low-cost carrier bore higher costs and lower unit revenue leading to operating losses in its biggest markets – Malaysia and Thailand.
— Reuters

Malaysia’s Axiata 3Q Net Profit Declines
Axiata Group Bhd. (6888.KU), Malaysia’s largest mobile-phone network operator by market value, said Thursday that its third quarter net profit declined 7.0% on-year, hurt by lower share of results from associates and joint ventures, and losses in India.
— Fox Business

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Decision to build 210,000 houses below RM250,000 each in Budget 2018 made after review of PR1MA scheme
The government decided to build 210,000 affordable houses after conducting a review on the PR1MA housing scheme, said Finance Minister II Datuk Seri Johari Abdul Ghani.
— The Sun Daily

Malaysia to create a new economic strength to face new phase of globalisation
Government agencies said they are working towards creating a new economic strength for the country in the line of exports as it enters a new phase of globalisation.
— New Straits Times

Malaysia arrests Uighur escapee from Thailand
Malaysian authorities have arrested a Uighur Muslim man from China who was part of a group who made a dramatic escape from an immigration detention center in Thailand, police said Thursday.
— The Jakarta Post

South Korea’s S-Form to make Malaysia export hub
S-Form System Formwork (M) Sdn Bhd, which is a unit of South Korea’s S-Form Co Ltd, will make Malaysia as its regional export hub to supply aluminium formwork system services due to the country’s strategic geographical location as well as its business friendly policies.
— New Straits Times

Malaysia, Brunei want simplified immigration process between both nations
Malaysia and Brunei both want the immigration process between both nations to be simplified, with only one stamp each for entering and exiting the respective countries.
— New Straits Times

HCM City calls for Malaysian investment in Tay Bac urban area
An investment promotion event was held in Kuala Lumpur on November 22 to call for investment in Tay Bac urban area in Ho Chi Minh City.
— VietnamPlus

Tencent: Malaysian varsities should be at forefront of digital revolution
In the era of digital civilisation, Malaysian varsities should grab the opportunity to reposition themselves as the incubators of new technologies and the technology generations, said China’s industry expert, Tencent.
— The Star Online

Malaysia E&E exports to surpass RM300b mark this year
Malaysia’s Electrical and Electronics (E&E) exports are expected to hit RM300 billion by end of this year.
— New Straits Times

Property investment: Malaysia still top choice for China buyers
MALAYSIA remains a property hotspot for foreign buyers, especially the Chinese, and the top locations are Kuala Lumpur, Johor Baru and Melaka, according to, China’s largest international property website.
— New Straits Times

About RM35.5b in unsold, unutilised properties in Malaysia
Malaysia has unsold and unutilised properties with an estimated value of RM35.5bil and every effort must be made to absorb this, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).
— The Star Online

Malaysia says densely populated housing areas will be redevelop
The Ministry of Urban Wellbeing, Housing and Local Government plans to redevelop densely housing areas which are deemed no longer suitable for current needs.
— The Edge Markets

Malaysia salary trends for 2018
The latest annual Robert Walters Salary Survey revealed that Malaysia has experienced steady hiring activity in 2017. In fact, candidates with high potential or niche skills can expect increments* of between 25-30% when they move jobs in 2018.
— Human Resource Online

Malaysia to take part in inaugural Pakistan Travel Mart
Malaysia is taking part in the inaugural Pakistan Travel Mart from November 24 to 26 at the Karachi Expo Centre. A total of 19 Malaysian organisations will be stationed under the Malaysia Pavilion, comprising of travel agents, tourism product owners, hoteliers, Malindo Airlines, Islamic Tourism Centre, as well as senior officials and colleagues from Tourism Malaysia.
— Pakistan Observer

Hotels fully booked for durian fest
Rooms in Bentong are being snapped up fast for the Malaysia International Durian Cultural Tourism Festival and start of the school holidays this weekend.
— The Star Online

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Sarawak offers many ecotourism attractions — DCM
Sarawak offers many attractions and comparative advantages for investors, as well as for ecotourism, says Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan.
— The Borneo Post

Maybank upgrades Aeon Co to buy
Maybank Kim Eng analyst Kevin Wong upgraded the recommendation on Aeon Co. M. Bhd to buy from hold.
— The Edge Markets

Ringgit eyed ahead of Malaysia inflation numbers
The ringgit may be closely watched today as investors anticipate Malaysia’s October 2017 inflation numbers. This is because the inflation numbers may offer clues on Bank Negara Malaysia’s interest rate decisions.
— The Edge Markets


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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