Malaysia Morning News For November 9

Malaysia Morning News For November 9
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Malaysia morning newsMinister says Malaysia’s 2017 trade could reach RM1.5-RM1.6 trillion
Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan is optimistic that Malaysia’s total trade could increase to between RM1.5 trillion and RM1.6 trillion this year from RM1.48 trillion last year.
— The Sun Daily

Eco World Int’l to develop 12 new sites, expand UK presence fourfold
Eco World International Bhd (EWI), which already has three projects in London, plans to develop 12 sites in Greater London and the South East of England in partnership with UK construction and interior fit-out firm Wilmott Dixon.
— The Star Online

Malaysia’s Petronas asked to exit Myanmar in protest of Rohingya crisis
Malaysian members of parliament on Wednesday asked state energy firm Petroliam Nasional Bhd, or Petronas, to exit its Myanmar operations and investments to protest the violence against the Rohingya Muslim minority.
— Channel News Asia

Suspend Some of Pacific Trade Pact to Save It, Malaysia Says
A blockbuster Pacific trade pact thrown into doubt by Donald Trump could be salvaged by suspending parts of the deal in order to get the 11 remaining nations to sign on, according to Malaysian Trade Minister Mustapa Mohamed.
Bloomberg Polictics (video)

Malaysia’s prime minister will call an election soon
Malaysia’s prime minister will call an election soon. Despite being implicated in embezzlement, he may well win.
— The Economist (paywall)

Malaysia first in region to adopt Asean Green Bond Standards
Permodalan Nasional Bhd (PNB) will be adopting the Asean Green Bond Standards (AGBS), which was launched yesterday in conjunction with the Asean Capital Markets Forum (ACMF), to finance the construction of the Warisan Merdeka Tower.
— New Straits Times

Malaysia, Thailand are riskiest Asian emerging markets — National Australia Bank
Thailand and Malaysia are the riskiest emerging markets in Asia, as the Fed continues to raise interest rates, while the Philippines, followed by India, are National Australia Bank’s favorite markets, Julian Wee, senior markets strategist at the lender in Singapore, says in interview.
— The Edge Markets

Foreign firms in Penang still collating flood impact info
Foreign companies operating in Penang faced considerable disruption, especially in manpower, during the floods which hit the state over the weekend.
— The Sun Daily

Singapore: No plans to introduce reciprocal VEP charge for now
There are no plans to introduce a reciprocal charge for now for the vehicle entry permit (VEP) which will be implemented by Malaysia later this year, said Singapore Minister for Transport Khaw Boon Wan.
— New Strats Times

Kuala Lumpur top 10 most visited cities
Euromonitor International unveiled on Wednesday the Top 100 City Destinations Ranking 2017 Edition1 at World Travel Market (WTM) London, the leading travel and tourism event worldwide.
— The Star Online

Starbucks Malaysia Recognised as One of Top Companies to Work for in Asia
Berjaya Starbucks Coffee Company (“Starbucks Malaysia”) has won the “Top Companies to Work for in Asia” Award in the Sustainability category at the Asia Corporate Excellence & Sustainability Awards (ACES 2017).
— Business Insider

Expect bleak job market next year
If you are graduating next year and have no job experience, be prepared for a tough time looking for a job, at least one that pays well. The job market in 2018 is expected to be bleak.
— Free Malaysia Today

MAHB, Tourism Malaysia join forces to woo tourists
MALAYSIA Airports Holdings Bhd (MAHB) and Malaysia Tourism Promotion Board (Tourism Malaysia) will promote, develop and increase inbound tourism under a memorandum of understanding (MoU) signed in London recently.
— The Malaysian Insight

PLUS to get RM2.2 billion compensation for toll removal
The government will pay PLUS Malaysia Bhd RM2.2 billion in compensation for removing toll collections at the federal highway and Bukit Kayu Hitam, according to Finance Minister II Johari Abdul Ghani.
— Free Malaysia Today

Malaysia’s PNB to issue $473 mln green sukuk for office tower project
Malaysian government-linked investment firm Permodalan Nasional Bhd (PNB) is looking to raise 2 billion ringgit ($473.3 million) via a green sukuk programme to fund its 83-storey office tower project.
— Kitco/Reuters

Ringgit to recover gradually over time
RHB Research expects ringgit to recover gradually over time, as it has overshot on the downside from its fundamental value.
— The Star

WIEF a platform to elevate Islamic finance sector
The upcoming 13th World Islamic Economic Forum (13th WIEF) will provide vast opportunities for the private sector as well government decision makers within Sarawak and Malaysia as it serves as an educational and business platform for both sectors.
— The Borneo Post

MyCEB announces key appointments for business events division
Malaysia Convention & Exhibition Bureau (MyCEB) has announced the appointment of Premala Danapakiam as senior manager of business events and the promotion of Tuty Elyanie Medali to the position of assistant manager of event support.
— The Borneo Post

Malaysian palm oil price jumps to one-week top on weather outlook
Malaysian palm oil futures jumped to a one week top on Wednesday evening, charting a second straight day of gains, over concerns that rainy weather could lower production.
— The Star Online

Zakir Naik will be sent back if India asks for extradition: Malaysia
Controversial televangelist Zakir Naik will be extradited from Malaysia to India if New Delhi seeks his extradition, Malaysia’s deputy Prime Minister was cited as saying on Wednesday.
— Live Mint

Defense lawyers in the trial of two women accused of killing the estranged half brother of North Korean leader Kim Jong Un sought yesterday to establish there was a political motive in the brazen airport assassination, with many key suspects linked to the secretive state.
— Macau Daily Times


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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