Malaysia Morning News For October 17

Malaysia Morning News For October 17
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Malaysia morning newsMalaysia’s MTD Capital seeks to build New Clark City gov’t center for P121.8B
Malaysian firm MTD Capital Bhd has submitted to the Bases Conversion and Development Authority (BCDA) an unsolicited proposal to build the 207-hectare New Clark City government center at a cost of P121.8 billion.

Malaysian palm oil prices make further gains on higher crude oil, stronger exports
Malaysian palm oil futures extended gains on Monday evening, recording a fourth straight day of wins tracking higher crude oil prices and stronger export data from cargo surveyors.
The Star Online

Malaysia rolls out red carpet for Qatar’s emir
Malaysia on Monday rolled out the red carpet for Qatar’s emir, who is on his first trip to Southeast Asia four months after a diplomatic crisis erupted between his nation and four Arab countries.
The Kansas City Star

Malaysia hopes Qatar revives plan to build Harrods Hotel in KL
The Ministry of International Trade and Industry (Miti) hopes the Qatari government will reconsider its plans to build the Harrods Hotel in the capital after cancelling the project in 2015.
The Star Online

Malaysia looking to resume search for missing MH370 airliner
Malaysia could be set to resume the search for missing Malaysia Airlines flight 370 as early as next week after an American exploration company made a ‘no find, no fee’ offer, according to reports.
9 News (video)

Malaysia targets visitors from South, with rail highlighted
MALAYSIAN tourism officials have launched holiday packages aimed at residents of southern Thailand.
The Nation

Najib determined to create positive impact on Indian community
Datuk Seri Najib Razak is determined to create a positive impact on the lives of the Indian community in this country in line with national excellence.
Malay Mail Online

Malaysia, US to increase agricommodity trade
Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong received a courtesy call from the United States (US) Ambassador to Malaysia, Kamala Lakhdhir and delegates at his office yesterday.
The Borneo Post

Foreign investors continue selloff for fourth consecutive week
International investors continued to dispose stocks listed on Bursa Malaysia for the fourth straight week.
The Borneo Post

Worst Southeast Asian stock market may be buoyed by Budget 2018
MALAYSIA’S government spending could revive gains in the stock market that is Southeast Asia’s worst performer despite receiving the most foreign investment in the region.
The Star Online

AIMS hopes Budget 2018 will reclassify data centre industry
AIMS Group hopes the government, under Budget 2018, will reclassify the data centre industry as a manufacturer to bring down the tariff of power for the industry which will lower the cost of operations.
The Borneo Post

GTMP aims to create over 200,000 jobs for Malaysia’s green technology sector
In a report by Bernama, the Green Technology Master Plan (GTMP) aims to boost the growth of Malaysia’s green technology sector, with targeted revenue of RM180 billion, while creating more than 200,000 green jobs by year 2030.
Human Resources Online

RM1b to boost net speed in Sarawak
Chief Minister Datuk Abang Johari Abang Openg is expected to announce a RM500 million fund to upgrade Internet speed in the state budget next year.
New Straits Times

Malaysia exceeds sales target at Frankfurt Book Fair
The Frankfurt Book Fair (FBF) 2017, the world’s largest book and publication industry event, ended on Sunday with Malaysia recording a sales contract of over RM9 million.
The Sun Daily

Cheaper rivals including Malaysia target Singapore’s aviation maintenance sector
Singapore, the dominant hub for aircraft maintenance, repair and operations (MRO) in southeast Asia, the world’s fastest-growing aviation market, is under threat from low-cost rivals in nearby Indonesia, Thailand and Malaysia.
The Star Online

Pizza Hut Malaysia Introduces New Mobile App; Embraces Its Digital Future
Pizza Hut Malaysia has introduced a new mobile app to make ordering a pizza more convenient. The app comes as part of the pizza chain’s move to a more digital way of doing business.

Percentage of women on Bursa Malaysia’s top 100 companies at 19.1%
The percentage of women on the boards of Bursa Malaysia’s top 100 public listed companies has increased to 19.1% as at end-September 2017, said the 30% Club Malaysia.
The Star Online

Malaysia rubber glove maker eyes more factory automation
Lim Cheong Guan, executive director, Top Glove Corporation, says plans to expand automation in the factory and to expand into new markets are afoot after solid earnings.
MSN (video)

Khazanah to raise up to RM564mil from sale of CIMB shares – IFR
Malaysia’s sovereign wealth fund Khazanah Nasional plans to raise up to US$134mil (RM564mil) from sale of some of its shares in the country’s second-biggest bank, CIMB Group Holdings Bhd, IFR said on Monday, citing a term sheet.
The Star Online

Vivocom’s newest major shareholder will bring good tidings
Vivocom International Holdings Bhd’s (Vivocom) newest upcoming major shareholder – Hong Kong Stock exchange listed developer CNQC Holdings Ltd (CNQC) – is set to bring the group good tidings to their construction segment.
The Borneo Post

September automotive sales down 20.8% on monthly basis
Malaysia’s automotive sales in September fell 20.8% to 40,981 units from 51,720 units in August due to the shorter working month and more stringent hire purchase loan approvals.
The Sun Daily

RTI Malaysia To Focus On Innovation, Healthcare Delivery Systems
RTI Malaysia, the local branch of the global independent non-profit research and advisory institute, RTI International, aims to focus on building an effective and sustainable innovation ecosystem for economic growth and strengthening healthcare delivery systems.
Malaysia Digest

French embassy seeks bilateral relations with Sabah
The Embassy of France in Malaysia is seeking to develop bilateral relations as well as enhance cooperation in education and culture, with Sabah.
The Borneo Post

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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