Malaysia Morning News For October 4

Malaysia Morning News For October 4
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Malaysia morning newsMalaysia expects its digital economy employment to surpass global average by 2025
Malaysia’s ministry of international trade and industry (Miti) is targeting the country’s employment rate within the digital economy space to surpass the global average by 2025.
South China Morning Post

Najib seeks ideas and feedback to shape Malaysia into nation of calibre in 30 years
The government is formulating new mission for Malaysia that will reflect the people’s aspiration in line with the National Transformation 2050 (TN50) vision.
New Straits Times

Singapore, Indonesia and Malaysia to continue efforts to map Singapore and Malacca Straits
To improve safety in one of the busiest waterways in the world, Singapore, Indonesia and Malaysia have signed an agreement to continue efforts to map the Straits of Malacca and Singapore.
The Straits Times (paywall)

PM: Malaysia stands united with American people
Malaysia stands united with the American people following Sunday night’s shooting at a Las Vegas concert that left at least 59 people dead and over 500 injured, Prime Minister Datuk Seri Najib Tun Razak said.
The Star Online

Australia’s Big Asia Military Deployment Moves to Malaysia
This week Australian vessels docked in Malaysia’s Port Klang for a goodwill visit.
The Diplomat

Malaysia, Indonesia to boost higher education
A higher education roadmap is being developed to pave the way for greater collaboration between Malaysia and Indonesia.
The Jakarta Post

Budget 2018: CIMB urges govt to focus on SMEs
Integrated banking group, CIMB, is hoping for the government to emphasise the digital and knowledge economy, as well as small and medium enterprises (SMEs) in the upcoming 2018 Budget.
The Sun Daily

Malaysia’s REIT Dreams Fade
Until recently, Malaysia seemed to be on track toward building a successful market for real-estate investment trusts. Its market grew to a capitalization of around $10 billion, and included Kuala Lumpur’s Petronas Towers, the world’s tallest twin structures, and the first Islamic REIT.
The Wall Street Journal

Mobile payment in Malaysia set to increase, says HSBC
With the growth of digital economy and the push by regulatory authorities for demonetisation, instant payment schemes are emerging across the Asean region, including Malaysia, where the mode of payment is increasingly shifting from the traditional method to mobile electronic payments.
Malay Mail Online

Over 5,000 products to be showcased at largest Taiwan Expo in Malaysia
More than 5,000 high-tech and high-quality Taiwanese products by 164 companies at 240 booths will be on display at the Taiwan Expo from Nov 9 to Nov 11.
The Sun Daily

Khazanah launches entrepreneurship outreach programme
Khazanah Nasional Bhd has launched the Khazanah Nasional Entrepreneurship Outreach Programme (KNEO), with the aim to help discover entrepreneural skills among fellow Malaysians.
The Star Online

SSM to wind up 50% of dormant firms
The Companies Commission of Malaysia (SSM) aims to wind up at least 50% of the 67,767 dormant companies incorporated between 2012 and 2014, said its chief executive officer Datuk Zahrah Abd Wahab Fenner.
The Sun Daily

Financial education crucial to plan for the future, says BNM deputy governor
Financial education is crucial to encourage consumers to better manage their finances, plan for the future and manage risks associated to financial matters, says Bank Negara Malaysia deputy governor Abdul Rasheed Ghaffour.
The Star Online

Malaysian palm oil stocks may fall by 1% m-o-m to 1.93m tonnes as at end-Sept, says CIMB Research
CIMB IB Research has maintained its “Neutral” rating on the Asean agribusiness sector and said Malaysian palm oil stocks may fall by 1% month-on-month (m-o-m) to 1.93 million tonnes as at end-September.
The Edge Markets

Bank Negara working on financial literacy roadmap
Bank Negara is currently developing a five-year national strategy with the aim of elevating financial literacy among Malaysians.
The Star Online

Ringgit to exhibit downside trend towards 4.2432 vs USD today, says AmBank Research
AmBank Research said the ringgit (MYR) is expected to exhibit some downside trend towards the research house’s resistance level of 4.2432 today.
The Edge Markets

UOB: Budget 2018 will remain expansionary
Budget 2018, which will be announced on Oct 27, is expected to be an expansionary budget with focus on the lower and middle income segments, addressing cost of living, affordable housing issues and new technology to spur growth.
The Sun Daily

China: First batch of Malaysian pineapples arrives in Shanghai
On 30 September, the Shanghai Entry-Exit Inspection and Quarantine Bureau announced that the first batch of Malaysian pineapples had arrived at Shanghai Pudong International Airport. The bureau had performed the first inspection of the produce, and after it had passed the inspections on pesticide residues and heavy metals, it was quickly brought to the public.
Fresh Plaza

Cloudy prospects for Kim Jong-nam murder trial
The trial of two women accused of assassinating the estranged half-brother of North Korea’s leader commenced this week at the Shah Alam High Court on the outskirts of Malaysia’s capital.
Asia Times

Malaysia’s continued fight against child sexual crimes
Malaysia has achieved so much within a period of one year on matters relating to sexual crimes against children, said Prime Minister’s wife Datin Seri Rosmah Mansor.
New Straits Times

Vehicle registrations in Malaysia hit 28.2 million units
The Malaysia Automotive Association (MAA) has released Malaysian vehicle registration data up to June 30, 2017, with the total number of vehicles on our roads standing at 28,181,203 units. For those keeping score, that’s 0.88 vehicles for every person in the country.

KRA canal project will not impact Malaysia in near future, says Mustapa
The long-envisioned Kra Canal Project in Thailand, if it materialises, will not impact Malaysia in the near future, said the International Trade and Industry Minister, Datuk Seri Mustapa Mohamed.
Malay Mail Online


Feature photo SpencerWing
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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