Malaysia Morning News For October 20

Malaysia Morning News For October 20
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Malaysia morning newsMIDA: Malaysia gets RM65.4b approved investments in 1H2017
Approved investments in services, manufacturing and primary sectors for first 6 months, drop 28.2% from 91.2b rgt in same period last year, Malaysian Investment Development Authority says in emailed statement.
— New Straits Times

Najib unveils Malaysia’s digital ‘to-do list’ to propel digital initiatives implementation
Prime Minister Datuk Seri Najib Razak today unveiled the nation’s ‘to-do list’ which will further boost Malaysia’s digital initiatives implementation as well as its economy.
New Straits Times

MIER upgrades Malaysia’s 2017 economic growth forecast to 5.4%
The Malaysian Institute of Economic Research (MIER) has revised upwards its gross domestic product (GDP) growth outlook for Malaysia to 5.4% this year, driven primarily by stronger domestic and external demand.
— The Sun Daily

‘Blast’ pirates out of the sea, Philippines’ Duterte tells Malaysia and Indonesia
Philippine President Rodrigo Duterte yesterday said he would ask the leaders of Indonesia and Malaysia to “blast” pirates out of regional waters and would refocus security efforts to solve the problem.
— Malay Mail Online

Malaysia on track to grow global tech start-up ecosystem
MALAYSIA reaffirmed its position as a regional hub for tech startups with the announcement of leading global venture builders setting presence in Malaysia to help accelerate the growth of startups in Malaysia and Southeast Asia.
— Digital News Asia

Malaysia officially announces Expo 2020 participation
Malaysia has formally revealed its confirmation of intent to participate in the next World Expo in Dubai in 2020, during a bilateral meeting with the UAE, the event’s organisers said in a statement on Thursday.
— Gulf News

Malaysia in talks with U.S. firm Ocean Infinity to resume MH370 search
Malaysia is negotiating with U.S.-based seabed exploration firm Ocean Infinity to resume the search for Malaysia Airlines MH370, which vanished three years ago in the southern Indian Ocean with 239 people aboard.
— Reuters

Fast Asia Open: Taiwan export orders, Malaysia CPI
More than 9m people are killed annually by pollution, equivalent to one in six of all deaths across the world, according to a new study.
— Financial Times

Malaysia’s anti-graft agency detains former minister over probe into S$483m siphoned from rural Sabah projects
Malaysia’s anti-graft agency on Thursday (Oct 19) arrested a former United Malays National Organisation (Umno) minister as part of an ongoing investigation into alleged embezzlement of RM1.5 billion (S$483 million) meant for rural development projects.
— Today Online

Sabah seeks bigger infrastructure budget
Sabah is asking the federal government to give it more funds next year than it has done previously to help the state improve its road and sea connectivity.
— Free Malaysia Today

Budget 2018 – Lower income and corporate taxes?
Budget 2018 could see a reduction in corporate personal income taxes in the wake of rising cost of living.
— The Sun Daily 

Crowdfunding platform pitchIN raises more than RM12mil
Equity crowdfunding (ECF) platform pitchIN has raised more than RM12mil after SalesCandy, a sales performance and lead management customer relationship management (CRM) provider, raised RM1.50mil from 54 investors this month.
— The Star Online

Private sector urged to take part in digital economy
The local private sector is encouraged to participate in the digital economy as the way forward, says State Secretary Tan Sri Datuk Amar Mohamad Morshidi Abdul Ghani.
— The Borneo Post

Mah Sing calls off purchase of KL land for RM650m project
Mah Sing Group Bhd has cancelled its proposed purchase of 3.56 acres of land near Taman Titiwangsa where it had earlier proposed to build affordable condominiums with a gross development value (GDV) of RM650mil.
— The Star Online

Diversifying through bio-economy
The state government wants to diversify Sarawak’s economy through bio-economy, with biomass as an integral part of the transition.
— The Borneo Post

RM1bil buy by Top Glove soon
Top Glove Corp Bhd, the world’s biggest rubber glovemaker, is going on a spending spree to fuel earnings growth and keep its investors happy.
— The Star Online

Bintai Kinden, Vista Springs in RM350m Malacca development
Bintai Kinden Corp Bhd and Vista Springs Development Sdn Bhd will jointly develop a RM350 million project on 4.744 acres of freehold land in Bachang, Malacca.
— The Sun Daily

Malaysia Airlines’ never ending search for a CEO
MALAYSIA Airlines Bhd (MAS) never fails to excite, in that every two or three years, the national airline finds itself embroiled in either a restructuring, controversy or disaster.
— The Star Online

MAI, MIDF launch RM200m fund for auto parts vendors
Malaysian Industrial Development Finance Bhd (MIDF) expects to fund 120 auto companies with total financing assistance of up to RM200 million via the MAI-MIDF Industry 4.0 Development Programme.
— The Sun Daily

Malaysian researcher creates flour and yogurt from breadfruit
A research student at the Sultan Zainal Abidin University in Malaysia has managed to produce yogurt and multi-purpose flour from breadfruit
— Fresh Plaza

Malaysia gives Pyongyang a pass on Kim Jong-nam murder
The trial of two women charged with assassinating the North Korean leader’s estranged half-brother Kim Jong-nam has raised as many questions as proceedings have so far answered about a bizarre crime few independent observers doubt Pyongyang ordered and executed.
— Asia Times

Surge in Malaysia’s Islamic State-linked arrests; official explains anti-terror strategy
With the number of Islamic State-linked arrests in Malaysia this year already 20 times higher than what it was in 2013, the country has relied on building up its human intelligence base as well as monitoring online communications to crackdown on militants.
Channel News Asia

Philippines Says ‘Big Possibility’ Malaysian Militant Leader Killed
The Philippine military said on Thursday there was a “big possibility” that a top Malaysian militant tipped to become Islamic State’s point man in Southeast Asia has been killed in a battle overnight.
— US News

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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