Malaysia Morning News For September 15

Malaysia Morning News For September 15
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Malaysia morning news

Malaysia to become first country to issue a license to make a generic version of a Gilead hepatitis C pill
In a setback to Gilead Sciences (GILD), Malaysia will follow through on plans to issue a license to generic companies to make a version of the pricey Sovaldi hepatitis C pill. In doing so, Malaysia becomes the first country to take such a step amid growing global pushback over the cost of the groundbreaking medicine.
— Stat News

Malaysia palm oil prices to fall 17% by Nov-Dec — analyst Fry
Benchmark Malaysian prices for crude palm oil are likely to fall nearly 17% from current levels by November or December, as overseas appetite for the commodity falters over the winter, leading industry analyst James Fry said on Thursday.
— The Edge Markets

Malaysia trade finds strength in China as core markets weaken
Malaysian inbound operators are pinning their hopes on China as they look to counter the seasonality of the Middle Eastern market and weakening business from Europe.
— TTG Asia

Malaysia can save billions of ringgit by making own animal feed
It’s about time Malaysia produced its own animal feed from maize for the livestock industry, which will save billions of ringgit in annual foreign exchange, Agro-based Industry Minister Datuk Seri Ahmad Shabery Cheek.
— The Star Online

Malaysia to set up its first overseas university in ChinaMalaysia will be setting up its first overseas university campus in China.
Malaysia-China Qinzhou Industrial Park deputy board chairman Datuk Beh Hang Kong revealed that the campus would be located with the industrial park vicinity, but declined to reveal the name of the university involved.
— The Star Online

They invested $25.7k to start an Indomie cafe in Malaysia – now make 4 figure sales daily
Most of us first heard about the Sungai Besi-based restaurant from a viral video.In it, we saw their version of upscaling the humble Indomie, pairing it with every crazy combination from Ayam Perchik, ribs, steak or lamb chops.
— Asia One

HP Malaysia launches ENVY 13, to retail at RM3,999HP
Malaysia recently launched its new and premium ENVY 13 laptop with improved performance and impressive design.
— The Edge Markets

Malaysia strives for durian exports to China within 2 years
The Ministry of Agriculture and Agro-Based Industry expects durians from Malaysia to be exported directly to China between one and two years from now.
— Fresh Plaza

Leaders pledge to nurture ties, remove trade barriers
Prime Minister Datuk Seri Najib Tun Razak and US President Donald J. Trump have pledged to nurture the economic ties between the two nations to create jobs and opportunities, as well as remove trade barriers in key sectors.
— The Bornoe Post

Malaysia establishes fintech bridges
Securities Commission Malaysia (SC) has signed series of innovation cooperation agreements – or ‘fintech bridges’ – with several regulators in major financial centres, in a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry.
— Fix Extra

KKIP good for digital free trade zone
The Kota Kinabalu Industrial Park (KKIP) could become a digital free trade zone (DFTZ) for e-commerce and online businesses, in line with the Fourth Industrial Revolution, or Industry 4.0.
— The Borneo Post

Malaysia’s company secretaries’ body to adopt ICSI standards
The Malaysian Association of Company Secretaries (MACS) will adopt secretarial standards issued by India’s apex body of company secretaries, ICSI, according to an official release.
— Business Standard

Glove sector’s earnings momentum to remain stable
The glove sector’s earnings momentum is expected by the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) to remain stable as earnings continue to be demand driven.
— The Borneo Post

Merge Energy diversifying into auto services, plantation machinery businesses
Merge Energy Bhd is venturing into the auto services and plantation machinery businesses to boost its recurring income stream.
— The Sun Daily

SMEs to benefit from Malaysia’s strong retail sales
Malaysia’s retail sales are expected to remain strong and this should bode well for small medium enterprises (SMEs) involved in the sector, analysts observed
— The Borneo Post

Singapore, Malaysia stocks fall on dollar strength, weaker China data
Singapore and Malaysia shares fell Thursday, weighed by a strengthening dollar and weaker-than-expected data from China.
— Nikkei Asian Review

Malaysian steel stocks climb, pushed by China output cut
Steel stocks on Bursa Malaysia continued their steady climb yesterday on improving prospects, following China’s stringent move to slash its output and clamp down on more illegal steel mills.
— The Star Online

Mida approves RM1.3 bln DISF grant till July 2017
The Malaysian Investment Development Authority (Mida) has approved grants totalling RM1.3 billion under the Domestic Investment Strategic Fund (DISF) since the fund was established in July 2012 until July this year.
— The Borneo Post

Ringgit to stay volative versus British pound, says AmBank Research
The ringgit (MYR) is expected to stay volatile against the British sterling pound (GBP), according to AmBank Research.
— The Edge Markets

Sunway Construction bags RM581.6m govt housing deal
Sunway Construction Group Bhd’s (SunCon) unit Sunway Construction Sdn Bhd has secured a contract worth RM581.6 million for the construction of 1Malaysia Civil Servant Housing (PPA1M) project in Kelantan.
— The Sun Daily

Analysts negative on upstream, positive on downstream O&G
With global crude oil prices expected to remain volatile, analysts retained heir negative outlook on oil and gas’s (O&G) upstream segment while reiterating their positive outlook on downstream.
— The Borneo Post

Malaysia, Australia, Belgium, Ukraine, Holland to sign MH17 document
Foreign Ministers of the countries whose investigative authorities together make up the Joint Investigation Team (JIT) – Australia, Belgium, Malaysia, Ukraine and the Netherlands – will sign a document on the case of Boeing 777 flight MH17 in New York next week.
— Malaysiakini

ASEAN’s highest quality citizenship: Singapore, Malaysia, Brunei
The people of Singapore, Malaysia and Brunei enjoy the highest quality citizenship in Southeast Asia, according to a recent report by Henley & Partners.
 Nikkei Asian Review

The Famous ‘Slide The City’ Is Back In Malaysia And Bigger Than Ever
Slide the City’s iconic giant inflated slide has turned into a global phenomenon, invading the streets in major cities including the United States, Canada, United Kingdom, Korea, Japan, Hong Kong, China, and many more. And now it is coming back to our shores!
— Rojak Daily

Residential religious school fire kills 21 children, 2 wardens
Twenty-three people, mostly children, were killed yesterday when a blaze tore through a religious school, trapped in their dormitory by metal grilles on the windows.
— The Borneo Post


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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