Malaysia Morning News For October 26

Malaysia Morning News For October 26

Malaysia morning newsUPDATE 1-Japan’s JERA signs three-year LNG purchase contract with Malaysia
JERA Co, Japan’s biggest liquefied natural gas (LNG) buyer, said on Wednesday it signed a three-year LNG purchase agreement with a subsidiary of Malaysian state energy company Petroliam Nasional Bhd (Petronas) starting in 2018.
— Kitco

Malaysia gets its first eSports gaming hub
ONE of the most common piece of advice a gamer gets is to get up and leave the house once in awhile. Good news gamers, now you can do just that, and still not give up your gaming needs at The Pantheon in One City, Selangor.
— The Star Online

Malaysia’s passport as powerful as that of the US
Malaysia’s passport ranks at No 6 globally, and is as powerful as passports from Ireland, Canada, and the United States (US).
— Free Malaysia Today

Govt in about-turn on withholding tax, grants exemption to overseas firms
The government has decided not to tax the income of businesses and enterprises providing technical services and assistance to companies here from outside of Malaysia, just a couple of months shy of the first anniversary of its implementation.
— The Sun Daily

Malaysia to boost Ghana’s Oil Palm sector
Malaysia is set to partner with industries in the oil palm sector to develop their capacities.
— Joy Online

Grab in Malaysia wants subsidies for trips to and from public amenities
Ride-hailing firm Grab is calling for the Malaysian government to offer subsidies for trips to and from designated transit stations and public amenities, including trips to government hospitals, sports hubs, libraries and Urban Transformation Centre venues in Budget 2018, to be announced on Friday.
— South China Morning Post

Financial restraint in Budget 2018
The Government is expected to exercise financial discipline even though the coming budget, which will be unveiled tomorrow, is the last one before the next general election.
— The Star Online

Higher use of public stock markets in Malaysia and Indonesia — OECD
Companies in Malaysia and Indonesia are among those in Asia’s emerging markets that have increased their use of public stock markets, according to analysis by the Organisation of Economic Cooperation and Development (OECD).
— The Edge Markets

No plans for electric vehicles in Malaysia, says Perodua
Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has no plans to introduce electric vehicles (EV) in Malaysia in the near future despite Daihatsu Motor Co unveiling a concept EV at Tokyo Motor Show 2017 on Wednesday.
— The Star Online

Malaysia’s overseas investment in financial services is rising
Malaysia recorded the highest growth in outward foreign direct investments (FDI) last year in Asia, with a marked shift into financial services sector from the primary sector (coal, oil and natural gas).
— New Straits Times

Malaysia ranks third on the Global Vegetarian Index
Food haven Malaysia has landed another culinary honour as it is ranked third on the Global Vegetarian Index.
— The Sun Daily

Malaysia’s East Coast Rail Link sees interest from over 1,000 subcontractors
A total of 1,118 engineering and construction companies in Malaysia have shown their interests in the civil works of the 55 billion ringgit (13 billion U.S. dollars) East Coast Rail Link (ECRL) project, which will be led by China Communications Construction Company (CCCC).
— Xinhua

TDA invests RM2.5 million to acquire new tech for railway sector
The Technology Depository Agency (TDA), an agency under the Ministry of Finance, has invested RM2.5 million to acquire an ontrack machinery, the 09-3D Tamping Simulator and an automatic guiding computer simulator from TWA (Malaysia) Sdn Bhd.
— The Borneo Post

Malaysia developers defend higher home prices
Developers say they are not solely responsible for soaring property prices.
— The Edge Markets

Strong La Nina will have significant impact on palm oil production
The possibility of a strong La Nina happening soon will have significant impact on palm oil production.
— The Borneo Post

Malaysia one of the most innovative market in the Islamic finance, says Fitch Ratings
Malaysia is the most standardised market in the Islamic finance community and remains one of the most innovative, according to Fitch Ratings.
— The Edge Markets

AirAsia takes delivery of first A320neo assembled in Tianjin
AirAsia has taken delivery of the first A320neo assembled at the Airbus Final Assembly Line Asia (FALA) in Tianjin, China.
— The Star Online

Emmanuel Surendra, “A Historical Timeline Of BR1M In Malaysia”
Launched in 2012, BR1M provides cash grants–or “handouts” as Surendra calls them–to low-income households and individuals. The payments are awarded to Malaysians irrespective of employment, job-seeking activities, disability, or any other conditions apart from low income.
— Bien

Most Malaysians cannot afford to retire
MALAYSIA is ageing, and the population over 65 should come to 15% of the population by 2035. Current Employees Provident Fund (EPF) savings for most Malaysians are barely enough for a decent life after retirement.
— The Star Online

Most Malaysian employees feel they are realising their full potential at work
Almost nine in 10 (89%) Malaysian employees said they felt that they were realising their full potential in their roles, above the global average of 74%, according to the Randstad Workmonitor.
— The Star Online

Kim Jong-nam murder suspects revisit Malaysia airport
THE two women accused of killing Kim jong-nam, the half-brother of North Korea’s leader have toured the Malaysian airport as participants in their murder trial visited the scene of the attack.

Former Kapar MP sues The Star for RM150 million
Former PKR Kapar MP S Manickavasagam is suing Star Media Group Bhd, the publisher of The Star daily, and its reporter for RM150 million for allegedly defaming him.
— Free Malaysia Today


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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