Malaysia Morning News For November 6

Malaysia Morning News For November 6

Malaysia morning newsPenang-born Tan behind US$100b company moving to US
Singapore is no doubt feeling the pinch of recent news that Broadcom Ltd will be relocating its legal address to the US.
— The Star Online

Turkey seeks trade balance with Malaysia
TURKEY is looking to increase exports to Malaysia in several areas with growth potential and strike a balance in trade, says outgoing Turkish ambassador to Malaysia Basak Turkogu.
— The Malaysian Insight

Flash floods kill five in Malaysia, army deploys to rescue thousands of displaced
Flash floods caused by hours of torrential rain killed at least five people in Malaysia and military forces deployed on Sunday to help rescue thousands of displaced people in the northern state of Penang.
— Reuters

AirAsia offers to fly aid to flood-stricken Penang
AirAsia today announced it would support the Penang flood relief efforts by offering assistance to non-profit organisations which require air transport to deliver relief items.
— Free Malaysia Today

Prince Charles and Camilla to visit Penang despite floods
Prince Charles and his wife Camilla, the duchess of Cornwall, will head to Penang on Monday (Nov 6) despite floods and typhoon-like winds in the northern Malaysian state, local media said.
— Channel News Asia

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Penang Hospital not spared from massive floods
Firzan Helmi used to consider Penang Hospital as one of the safest places in the state, but even this was not spared from the floods that struck the city.
— The Star Online

First Asean-China Film Festival to take place in Malaysia in December
This year is the the 50th anniversary of Asean (Association Of Southeast Asian Nations). To commemorate this, the Asean-China Film Festival has been announced to establish a long-term exchange and cooperation platform for the Asean film industry, in line with China’s Belt and Road initiative.
— Star2

Malaysia Says Debt Below 55% of GDP
Prudent fiscal consolidation processes seem to have moved the federal government debt to gross domestic product away from breaching its own self-imposed 55% debt limit.
— Financial Tribune

High hopes on DFTZ to boost Malaysia’s cross-border trade
AFTER months of planning and waiting, the world’s second Digital Free Trade Zone (DFTZ) at the KLIA Aeropolis went live on Nov 3 and, according to the Malaysian government, it is set to give a shot in the arm for over 1,900 export-ready Malaysian Small and Medium Enterprises (SME).
— Digital News Asia

The Education Malaysia Global Services (EMGS), a company owned by the Ministry of Higher Education in Malaysia, recently showcased internationally recognised programmes offered by ten educational institutions.
— Muscat Daily

Malaysia much sought after diving destination among American divers, says diving ambassador
Malaysia is a very much sought after diving destination by American divers, said Malaysia Tourism Ambassador for Diving, Clement Lee.
— Malay Mail Online

Rebound Expected For Malaysia Stock Market
The Malaysia stock market has been stuck in neutral for much of the past week, holding steady in a narrow trading range. The Kuala Lumpur Composite Index now rests just above the 1,740-point plateau, although it figures to bounce higher again on Monday.
— Nasdaq

Malaysia’s exports growth to moderate in Q4 on unfavorable base effect
Malaysia’s exports, whose growth slowed to 14.8% in September, are expected to to moderate in the final quarter due to unfavorable base effect, according to MIDF Research.
— The Sun Daily

Analysts positive on September exports jump by 14.8 per cent
Malaysia’s exports remained strong for 11 consecutive months, with September registering double-digit growth of 14.8 per cent to RM78.26 billion compared to the same month of last year, said the Ministry of International Trade and Industry (Miti).
— The Borneo Post

Malaysia’s CIMB to enter Philippine banking industry
Malaysia’s CIMB Group is expected to secure the Bangko Sentral ng Pilipinas’ (BSP) approval to start banking operations here before the end of the year.
— Inquirer

Ironing out issues to meet RSPO compliance by 2025
The Sabah Forestry Department is working to identify and sort out land issues to help the state’s palm oil industry meet its target of full compliance under the Roundtable on Sustainable Palm Oil (RSPO) by 2025.
— The Borneo Post

Malaysia: 19-Year-Old Pleads Guilty to Charges of Possessing Homemade Bombs
A 19-year-old Malaysian student pleaded guilty Sunday to charges of possessing explosives, after authorities charged him and two men on allegations that they had planned to detonate a homemade bomb during a beer festival in Kuala Lumpur last month.
— Benar News

Unknown Malaysians may be among 39 straggling militants in Marawi
Unknown Malaysians may be among foreigners believed to be with dozens of pro-Islamic State (IS) militants still holed up in the southern Philippine city of Marawi after their location was revealed by a detained Indonesian militant recently.
— Free Malaysia Today

El Mexicano in Malaysia! — Lee Yew Meng
Hollywood did play quite a central role in stereotyping Mexicans and their culture in movies like Viva Zapata, The Magnificent Seven, Pancho Villa and Zorro themed, and in a host of other westerns. We learned of revolutionary heroes, bandidos, cantinas, off-shoulder dresses, and American outlaws crossing the Rio Grande into Mexico to escape the law.
— Malay Mail Online

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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.


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