Malaysia Morning News For October 10

Malaysia Morning News For October 10

Malaysia morning newsMalaysia to implement Vehicle Entry Permit for all foreign-registered vehicles
All foreign-registered vehicles entering Malaysia will soon require a Vehicle Entry Permit (VEP) that costs RM25 (S$8), said Malaysia’s transport minister Liow Tiong Lai on Saturday (Oct 7).
Channel News Asia

Wealthy Malaysians drawn to Thailand, Japan
Malaysians are increasingly turning to Thailand and Japan for their overseas property investments, according to consultancy and marketing firm Prime International Properties.
New Straits Times

Thailand, Malaysia top destinations for South-east Asia migrants
Workers in South-east Asia are on the move, and they don’t always go far.
Malay Mail Online

Median monthly household income up to RM5,228 in 2016
The median monthly household income for Malaysians in 2016 improved 6.6 per cent to RM5,228 from RM4,585 in 2014, said Chief Statistician of Malaysia, Dr Mohd Uzir Mahidin.
The Borneo Post

Higher household income not equal to higher consumption
The increase in the Malaysian household monthly income may not necessarily reflect improved private consumption among Malaysians, largely due to the rising cost of living.
The Star Online

ECRL cost expected to surge up to RM70b, says report
Malaysia’s East Coast Rail Line (ECRL) project, undertaken with financial support and engineering expertise from China, is likely to see its total cost swelling up to RM70 billion, a report said.
Free Malaysia Today

World Bank: A 10% rise in immigrant workers raises Malaysia’s real GDP by 1.1%
To maximise the benefits from labour mobility, Malaysia could adjust its migration policies to its economic needs by revising current levy system and deepening coordination with sending countries, said the World Bank.
The Edge Markets

Easing migration policies can boost workers’ welfare, regional growth
Easing curbs on labour migration policies can boost workers’ welfare and economic growth in Association of South-East Asian Nations (Asean), said a World Bank report.
The Borneo Post

Malaysia to learn from Australia on tobacco control
Speaking at the 69th session of the World Health Organisation Regional Committee for the Western Pacific in Brisbane, Health Minister Datuk Seri Dr S. Subramaniam congratulated the country for significantly reducing smoking among its citizens.
News Straits Times

ICAEW: Domestic demand in focus, but exports hold the key
Domestic demand remains the primary driver of Asia’s growth, despite sharp acceleration in exports growth at the start of the year, according to ICAEW’s latest Economic Insight: South-East Asia report.
The Borneo Post

Malaysian, UK tech firms forge strategic partnerships
Two strategic partnerships were signed between technology companies from the UK and Malaysia today during the UK Mega Tech Mission led by the UK Department for International Trade (DIT) in collaboration with the Malaysia Digital Economy Corp (MDEC), the Johor State Investment Centre (JSIC) and GBS Iskandar.
The Sun Daily

Malaysia to Decide on Bitcoin Ban by Year End
Malaysia, where bitcoin is currently unregulated, will make a decision on whether to ban the cryptocurrency​ by the end of this year, according to the governor of the country’s central bank.

Kronologi Asia to buy Hong Kong-based Quantum Solace for up to RM45m
Enterprise data management firm Kronologi Asia Bhd proposes to acquire Quantum Storage (Hong Kong) Ltd for up to RM45 million.
The Sun Daily

TA Global revises plan for use of sale proceeds
TA Global Bhd today announced a revision to the utilisation of the A$245 million (RM810.71 million) proceeds from its proposed property disposal in Australia, which will see the abortion of its plan to acquire properties, assets or businesses.
The Sun Daily

Bursa seeks feedback on Corporate Governance Guide revamp proposals
Bursa Malaysia Securities Bhd has issued a consultation paper seeking public feedback on the proposals to revamp its Corporate Governance Guide.
The Sun Daily

Mudajaya wins RM1.16bil LRT3 job from Prasarana
Mudajaya Group Bhd has bagged an award worth RM1.16bil from Prasarana Malaysia Bhd for construction works relating to the Light Rail Transit Line 3 (LRT3) project from Bandar Utama to Johan Setia.
The Star Online

AirAsia X aims to achieve 80 pct load factor for Jeju route
AirAsia X Bhd aims to achieve a 80 per cent load factor for the newly-launched Kuala Lumpur-Jeju route.
The Borneo Post

MobmeAsia to attract more clients through SwypeOn advertising application
MobmeAsia is aiming to attract at least 25 clients within the next one month to advertise with its newly launched lock screen advertising application “SwypeOn”.
The Sun Daily

LPI Capital 3Q pre-tax profit up 18.1 pct to RM115 mln
LPI Capital Bhd’s (LPI) pre-tax profit for the third quarter of 2017 (3Q17) grew by 18.1 per cent year-on-year (yoy) to RM115 million from RM97.4 million previously.
The Borneo Post

New CEO for Standard Chartered Malaysia
Standard Chartered Bank Malaysia Bhd (StanChart Malaysia) has appointed Abrar A. Anwar (pic) as its managing director and chief executive officer, effective Nov 1.
The Star Online

Association of Banks in Malaysia denies Rehda’s claims
The Association of Banks in Malaysia (ABM) has refuted allegations that house buyers are finding it harder to obtain a housing loan and that loan approval time is increasing.
The Sun Daily

‘Stronger prepaid SIMcard guideline could lead to tougher environment’
Despite analysts welcoming the government’s initiatives to strengthen prepaid SIM cards guideline, they project that the new rulings could potentially lead to tougher operating environment over the short-term.
The Borneo Post

Healthcare sector continues to drag in the near-term
Plagued with rich valuations and missed expectations, the healthcare sector’s performance appears to likely continue being dragged for the near-term period.
The Borneo Post

Malaysian CL on Hep C drug reignites discussion in India
Last month, Malaysia issued a compulsory licence (CL) on multinational drugmaker Gilead’s Hepatitis C drug Sofosbuvir for government use.
The Hindu Business Line


Feature photo World Bank Photo Collection/Trinn Suwannapha
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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