Malaysia Morning News For October 19

Malaysia Morning News For October 19
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Malaysia morning newsSingapore commuters fueling growth in Malaysia’s Johor
During morning rush hour, long lines of cars and motorbikes in this southern state snake toward the Johor Strait, where they can cross into Singapore. In the evening, when workers make their way back to Malaysia, a major bottleneck forms in Singapore.
Nikkei Asian Review

Axiata and Telekom Malaysia may re-merge
A re-merger between Axiata Group and Telekom Malaysia could reduce the valuation differential between Axiata and its competitors, says Star Online.
Capacity Media

Malaysia says no decision yet on new offers to search for missing MH370
Malaysia said on Tuesday it has received proposals from three companies offering to continue the search for Malaysian Airlines flight MH370, which has been missing since 2014, but no decision has been made yet.

Minister: Johor offers quality education
Johor has stepped up in accommodating the demand for private or international education in the state and there is no need for Malaysian children to cross into Singapore daily for the purpose.
The Star Online

Royal Malaysian Customs Department announces mandatory electronic filing for GST applications
The Royal Malaysian Customs Department Oct. 17 announced that effective immediately, taxpayers must file applications electronically for the standard or varied taxable period (VTP) through the taxpayer access point. Paper submissions will no longer be accepted.
The Edge Markets

Qatar Airways To Launch Service to Exotic Malaysian Holiday Destination Penang
Qatar Airways is pleased to announce the launch of direct flights to Penang, the award-winning airline’s second Malaysian destination, on 6 February 2018, as part of its ambitious global expansion plans.
Qatar Airways

Bellew explains why he is leaving Malaysia Airlines to return to Ryanair
Peter Bellew, who helmed Malaysia Airlines Bhd as its group managing director and chief executive officer for less than 1½ years, explains why he is leaving the national carrier to return to Ryanair.
The Star Online

Land acquisition for KL-S’pore HSR project to start next month
The land acquisition process for the construction of KL-Singapore High Speed l (HSR) project would commence on Nov 1, 2017, said Prime Minister Datuk Seri Najib Tun Razak.
The Borneo Post

Cagamas issues first Australian dollar note
National mortgage corporation Cagamas Bhd has issued its inaugural Australian dollar medium term note, amounting to AUD100 million.
The Edge Markets

Pikom asks for more affordable ICT tools in Budget 2018
Malaysians need more affordable information and communications technology (ICT) tools in order to position the country as a leader in the digital age, the National ICT Association of Malaysia (Pikom) said.
The Borneo Post

Top Glove to ride the wave of strong demand
CIMB Equities Research expects Top Glove will be a prime beneficiary of the strong growth in demand for gloves, thanks to its plans to boost its capacity by 15% by December 2018.
The Star Online

57 projects worth RM2.3b for Sabah, Labuan
Fifty-seven high-impact power supply projects in Sabah and Labuan have been approved under the 11th Malaysia Plan with an allocation of RM2.3 billion.
New Straits Times

Boilermech to gain from strong overseas market demand through current venture
Analysts believe palm oil mill boiler maker Boilermech Holdings Bhd (Boilermech) stands to gain from strong demand from overseas market, on the back of its venture into biogas and water treatment in Kuching.
The Borneo Post

Mistry cuts Malaysia palm oil production forecast, sees prices climbing
Palm oil production in the world’s top growers may not live up to estimates after all, according to industry veteran Dorab Mistry.
The Edge Markets

Palm oil prices may rise to US$850/T on weak output recovery, tight stocks
Crude palm oil prices are forecast to rise to $800 per tonne CIF Rotterdam by January, with potential to hit $850 by March 2018, said leading edible oils analyst Dorab Mistry on Wednesday.
The Star Online

Malaysian palm oil prices fall back on weak demand, profit-taking
Malaysian palm oil futures prices fell on Tuesday after a run of daily gains, on slowing demand and profit-taking ahead of a public holiday on Wednesday.
The Star Online

Pockets of chances exist in ringgit’s uptick this year
AmBank Research believes pockets of opportunities exist in certain sectors as the ringgit performs well in 2017, appreciating by 6.3 per cent against the US dollar year to date (YTD).
The Borneo Post

Bursa Malaysia resumes trading after holiday; Dow tops 23,000 points
Malaysian shares may today take their cue from news the US’ Dow Jones Industrial Average closed above 23,000 points for the first time overnight on Wednesday.
— The Edge Markets

There was no interference at all, say Bellew and Khazanah
Khazanah Nasional Bhd, the sole shareholder of Malaysia Airlines, has denied allegations that Peter Bellew’s departure as CEO of the national carrier is due to interference from the state-owned investment firm.
The Sun Daily

Petronas calls for growth, sustainable in LNG
Petroliam Nasional Bhd (Petronas), currently the world’s third-largest liquefied natural gas (LNG) producer, has urged LNG producers and consumers to collaborate towards encouraging growth and sustainability of the industry.
The Borneo Post

MRT Corp pledges to be corruption-free, sets rail benchmark
About 500 board members and employees of the Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) have pledged to uphold integrity and good governance practices before the Malaysian Anti-Corruption Commission (MACC).
— Malay Mail Online

YTL Corp founder Yeoh Tiong Lay dies
YTL Corp Bhd’s founder and executive chairman Tan Sri Yeoh Tiong Lay passed away at age 87 today. He had been the group’s chairman since Jan 24, 1985.
— The Sun Daily

Malaysia loses bid to get elected to UN Human Rights Council
Malaysia has lost its bid to be elected to the United Nations’ Human Rights Council after a five-year absence from the council, after emerging as the only country to miss out on a seat among 16 countries vying for 15 seats worldwide.
— Malay Mail Online

Hypocritical for Malaysia to covet Unesco Book Capital award, says scholar
PUTRAJAYA must first respect the contents of books here before even lobbying for Kuala Lumpur to become the United Nations Educational, Scientific and Cultural Organisation (Unesco) World Book Capital in 2020, said author Mohd Faizal Musa.
— Malaysian Insight

Malaysian actor jailed for 11 years over Indonesian drug smuggling
A Malaysian actor was sentenced to 11 years in prison Wednesday for trying to smuggle crystal methamphetamine hidden in his rectum into the Indonesian island of Sumatra.
— The Nation

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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