Malaysia Morning News For October 11

Malaysia Morning News For October 11

Malaysia morning newsMaersk semisubmersible awarded contract in Malaysia
The semisubmersible Maersk Deliverer has been awarded a contract in Southeast Asia by Total E&P Malaysia. With an estimated duration of 60 days, the contract covers the drilling of one exploration well in the Block DW-N Sabah located offshore Malaysia.
World Oil

Malaysia to benefit from global economic recovery
Malaysia is well-positioned to benefit from the recovery in the global economic cycle, while the domestic market is backed by adequate monetary policy as well as a credible central bank to navigate changes faced by the market, said Wellington Management Singapore Pte Ltd vice president and investment director, Andrew Sharp-Paul.
The Borneo Post

Malaysia’s royals call for religious tolerance in rare public intervention
Malaysia’s royals made a rare intervention into public affairs on Tuesday, calling for unity and religious harmony after what they described as “excessive actions” in the name of Islam.

KNM awards RM1.9 billion EPCC contract to China Western Power Industrial
KNM Group Bhd, which awarded a £346 million (RM1.9 billion) contract to China Western Power Industrial Co Ltd (CWPC), expects its recurring income to expand up to 70% upon completion of its Peterborough Green Energy Project in the UK.
The Sun Daily

Thailand’s Charoen eyes substantial stake in KFC chain in Malaysia
A group controlled by Thailand’s third richest man, Charoen Sirivadhanabhakdi, is said to be looking to taking a substantial stake in the Kentucky Fried Chicken and Pizza Hut restaurant chain in Malaysia.
The Star Online

Malaysia to ship 5,000 kg of durians to China for the Nanning Durian Festival
The Federal Agricultural Marketing Authority (FAMA) in Malaysia will ship 5,000 kg of frozen durian to Qinzhou in Guangxi, China in conjunction with the first Nanning Durian Festival 2017 from Nov 3 to 5.
Fresh Plaza

Malaysia’s export of fresh fruits expected to reach $165m
Malaysia’s exports of fresh fruits including durian, pineapple and jackfruit, are expected to increase to more than US $165.7 million this year compared with close to US $142 million last year, said the Federal Agricultural Marketing Authority (FAMA).
Fresh Plaza

MPOB: palm oil stocks up 3.98 per cent in Sept
Malaysia’s total palm oil stocks in September 2017 rose by 3.98 per cent to 2.01 million tonnes from 1.94 million tonnes in August, said the Malaysian Palm Oil Board (MPOB).
The Borneo Post

AWC terminates RM130m TBS contract with Govt
AWC Bhd’s unit has mutually terminated its contract with the Government to provide facilities management at the Southern Integrated Terminal or Terminal Bersepadu Selatan (TBS) in Bandar Tasik Selatan.
The Star Online

Malaysia Salary Guide 2017
For a human resources specialist in search of staff to hire or a professional in transition to a new job, knowing about the Malaysian job market and what salaries to expect for certain levels of qualification and diplomas will come in handy. Here are some details about what compensation correspond to a large range of jobs in Malaysia.
Asean Up

Business confidence among Malaysian firms improves for the third consecutive quarter
Business sentiment among Malaysian companies improved further for the third consecutive quarter in the fourth quarter (Q4 17), reaching its new peak in six consecutive quarters.
The Star Online

Malaysia leads in sustainable brands development
Malaysia is at the forefront of the effort to drive engagement and dialogue on new opportunities for brand innovation that solve real social and environmental issues, said Zenith Media CEO and Convenor of the conference Gerald Miranda.
The Independent

Report shows that income in Malaysia not stagnant
The 2016 Report of Household Income and Basic Amenities Survey released by the Department of Statistics Malaysia had debunked the popular notion that income increment in Malaysia did not match the rising price of goods and services.
New Straits Times

Malaysia can chart 1% growth to GDP if retirees return to workforce
Malaysia can reap the benefit of the third demographic dividend, which could see a growth of a minimum of 1% to the gross domestic product (GDP), if retirees return to the workforce.
The Edge Markets

New digital concept store eases experience for Pizza Hut customers
Pizza Hut Malaysia (Pizza Hut) yesterday announced a new digital frontier for the brand – its newly refurbished digital concept store in Sunway Pyramid and a new mobile app.
The Borneo Post

BNM: Malaysia an ideal test bed for fintech growth
Malaysia, with its diverse population of 31 million and growing middle class, stands as an ideal “test bed” for developing and commercialising financial technology (fintech) solutions, says Bank Negara Malaysia (BNM).
The Edge Markets

Maybank eyes 1% growth in card billings market share
Malayan Banking Bhd (Maybank) is aiming for a 1% growth, equivalent to RM2 billion, in its billings market share to 30% for both its debit and credit cards in the next six months.
The Sun Daily

Sentiment turns positive on FGV’s Zakaria comeback
Analysts are generally positive on the news that Felda Global Ventures Holdings Bhd’s (FGV) chief executive officer (CEO) Datuk Zakaria Arshad will be resuming his duties following a leave of absence relating to the long outstanding debt of Safitex Trading LLC (Safitex) with Delima Oil Products Sdn Bhd (Delima Oil).
The Borneo Post

Harm or help to Malaysia’s smaller forwarders as China’s Alibaba moves in?
Freight forwarders in Malaysia are divided over the potential impact of Alibaba’s growing presence on the logistics industry.
The Load Star

Reps aye to schools merger
The elected representatives in two parliamentary and five state constituencies in the Upper Rajang hinterland of the state’s central region have agreed in principle with the proposal to centralise schools with low enrolment.
The Borneo Post

Manuscripts prove greatness of Malay civilisation, says academic
The compilation, study and interpretation of Malay manuscripts must be intensified to prove the greatness and ensure the survival of Malay civilisation, said National Professors Council’s Head of History, Heritage and Socio-Cultural Cluster, Prof Datuk Zainal Kling.
Malay Mail Online

Malaysia bans 22 books, including satirical publication on 1MDB
Malaysia has banned 22 publications, including a satirical book on the saga surrounding state firm 1Malaysia Development Berhad (1MDB).
Today Online

DPM Ahmad Zahid calls for a Malaysia psychological well-being index
Bernama has reported that Malaysia’s deputy prime minister (DPM) Datuk Seri Ahmad Zahid Hamidi has suggested for a Malaysia psychological well-being index to be created in order to measure the people’s levels of mental and emotional well-being.
Human Resource Online

Qatar’s emir to visit Malaysia in mid-October amid Gulf rift
Qatar’s Emir Sheikh Tamim bin Hamad al-Thani will visit Muslim-majority Malaysia this month on a two-day state visit amid a crisis with some neighbouring Arab states, including Saudi Arabia, with which Malaysia has close relations.
The Straits Times (paywall)

The estranged half brother of North Korea’s leader had about 1.4 times the lethal dosage of VX nerve agent on his face after he was attacked at a Malaysian airport, a government chemist testified yesterday.
Macau Daily Times


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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