Malaysia Morning News For September 12

Malaysia Morning News For September 12

Malaysia morning news

Malaysia records double-digit growth in first half of 2017
Malaysia achieved a robust performance in its trade with China with a double-digit growth in the first half of this year.
— The Star Online

Malaysia July Industrial Output +6.1% on Year; +4.5% Expected
Malaysia’s industrial production grew at a faster-than-expected pace in July, driven by the strong growth in manufacturing and electricity sectors, official data showed Monday.
— Fox Business

Malaysia on target to become regional oil and gas hub: MPRC
Malaysia is set to become the oil and gas hub by year 2020 and is well on target towards becoming a regional hub within three years.
— New Straits Times

Palm Oil stocks rises 12.58 pct to 1.94 million tonnes in August
Malaysia’s total palm oil stocks in August 2017 rose 8.79 per cent to 1.94 million tonnes from 1.78 million tonnes recorded in July.
— The Borneo Post

Palm oil futures hit 5-month high, despite Malaysia stocks rise
Palm oil futures jumped to a five-month high after Malaysian stocks were shown rising by less than many analysts had expected, sapped by unexpectedly high exports, boosted by Chinese orders.

Trump to host Najib today
US President Donald Trump will today host Malaysia’s prime minister in the White House for wide-ranging talks, giving his guest a welcome respite from a spiralling corruption scandal.
— The Malaysian Insight

Business events industry to generate more than rm3.9 bln in gni — Nazri
Malaysia’s business events industry is expected to generate more than RM3.9 billion in gross national income and bring in 2.9 million visitors by 2020, said Tourism and Culture Minister, Datuk Seri Mohamed Nazri Abdul Aziz.
— The Borneo Post

Manufacturing sales hit record RM63.9b in July
MIDF Research is maintaining Malaysia’s industrial production index (IPI) growth of 5.3% for 2017, as it said the encouraging trend is expected to continue for the coming months, on robust external trade performance and modest increases in commodity prices.
— The Sun Daily

Ministry to impose 30% bumi quota to break beef import monopoly
The Agriculture and Agro-Based Industry Ministry will impose a minimum 30% quota for bumiputra importers to break the beef import monopoly.
— The Star Online

SAP Malaysia launches SAP Leonardo to help business digitised
SAP Malaysia is gunning on its flexible digital innovation system, SAP Leonardo, to help local businesses scale and adapt to fast-moving changes in a digitised world.
— New Straits Times

MDBs increased 2016 financing to US$27.4b to tackle climate challenge, says ADB
The world’s six largest multilateral development banks (MDBs) continued to make a strong contribution to the global climate challenge in 2016, increasing their climate financing in developing countries and emerging economies last year to US$27.4 billion from US$25 billion in 2015, according to the Asian Development Bank (ADB).
— The Edge Markets

Highest amount of funds inflow seen in 17 weeks
Foreign tide-in to Bursa Malaysia accelerated last week, marking the second consecutive week of inflows.
— The Borneo Post

Malaysia Shares May See Additional Support
The Malaysia stock market bounced higher again on Monday, one session after it had ended the two-day winning streak in which it had collected more than a dozen points or 0.7 percent.
— Nasdaq

Malaysia Business Events Week 2017 signals new era
Malaysia Convention & Exhibition Bureau (MyCEB), has accelerated the transformation of the business events industry with the launch of the 3rd Malaysia Business Events Week (MBEW) at One World Hotel, Petaling Jaya.

Tourism brought in RM73.3 billion in 2016, says Nazri
The tourism industry contributed RM73.3 billion to the nation’s coffers last year, says Tourism and Culture Minister Mohamed Nazri Abdul Aziz.
— Free Malaysia Today

Malaysian investors taken for $167K by forex trading scam operators “RCFX”
The Malaysian Straight Times is reporting that a group of Malaysian investors is now seeking answers after they thought they were investing in a reliable FX trading strategy from a company called RCFX but, in the end, failed to get their promised returns.
— Leap Rate

Malaysian ports losing to Singapore where rivals shift businesses
A report in the Straits Times indicates that Malaysia’s bid to become the main shipping hub in the region is taking a hit with major shipping companies shifting their services to Singapore.
— The Independent

Immigration: Rohingya refugees allowed entry into Malaysia
Rohingya fleeing persecution from Rakhine state in Myanmar will be permitted entry into Malaysia but the Immigration Department would still need to distinguish between genuine refugees and economic migrants.
— The Star Online

Singapore, Malaysia police smash cross-border Internet love scam syndicate
An Internet love scam syndicate targeting those in Singapore and Malaysia has been taken down by Singapore and Malaysia police.
— The Strats Times (paywall)

Here’s what President Trump should tell Malaysia’s prime minister
On Tuesday, President Trump will host Malaysian Prime Minister Najib Razak in the White House. The two men will discuss cooperation on counterterrorism and economic development.
— The Washington Post

Malaysia’s The Sun newspaper facing headwinds of a sunset industry
The Sun’s owner, Berjaya Media Berhad, is eyeing a delisting exercise for the company from Malaysia’s stock market, a source said.
— The Independent

Malaysia, UNAIDS to launch web platform to collect data
Malaysia, in cooperation with the Joint United Nations Programme on HIV/AIDS (UNAIDS), will launch a web platform to gather data for evidence-informed programming on the HIV epidemic in the country.
— New Straits Times

Malaysia to raise issue of rubber price stability at conference
Malaysia will bring up the issue of the stability in world rubber prices at the coming International Rubber Tripartite Conference to be held in Bangkok, Thailand, on Sept 15.
— The Star Online

Malaysia’s Sime Darby Submits Applications to List Plantation and Property Units
Malaysian plantations-to-automotive conglomerate Sime Darby Bhd. (4197.KU) said on Monday that it has submitted the relevant applications for the proposed listing of its plantation and property units to the country’s Securities Commission.
— Fox Business

Malaysia as a middle power
A country without a huge population or a massive economy is almost always not defined as a big power. Yet Malaysia, since its first foray into international politics, has tried to punch above its weight.
— Malaysiakini

Malaysia ready to engage with OIC nations
Malaysia is ready to lend a helping hand to developing Organisation of Islamic Cooperation (OIC) member countries to develop the science, technology and innovation (STI) industry in their respective countries.
— New Straits Times

Malaysia stocks gain as worries over North Korea ebb; Singapore index little changed
Malaysia shares rose Monday, joining a relief rally in Asian markets, as North Korea refrained from conducting another missile test over the weekend, boosting investor appetite for risk assets. Singapore stocks ended little changed.
— Nikkei Asian Review

Malaysia Association neXt suited for Associations
Malaysia becomes the focal point for local associations to convene and increase knowledge sharing of association management at the third Malaysia Association neXt (MyNext), set to be held on 14 September 2017 at One World Hotel Petaling Jaya.

Malaysia’s first vegan ice cream bar makes icy treats for all
Kind Kones makes vegan ice cream with a whole lot of appeal, accessible to all.
— Star2


Feature photo Shubert Ciencia
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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