Malaysia Morning News For September 25

Malaysia Morning News For September 25
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Malaysia morning newsMalaysia disassociates itself from ASEAN statement on Myanmar’s Rakhine state
Malaysia on Sunday (Sep 24) said it “would like to disassociate itself” from a statement issued by the Association of Southeast Asian Nations (ASEAN) on the situation in Myanmar’s Rakhine state.
Channel News Asia

No entry for foreigners going to Malaysia for beer fest and gay party
The Immigration Department is working with the police and Malaysia Islamic Development Department (Jakim) to obtain information about individuals who could be entering Malaysia for the beer festival and gay party, said Immigration Department director-general Datuk Seri Mustafar Ali.
The Straits Times (paywall)

MP says best to keep PLUS in government hands
A Member of Parliament has joined the tide of concern over PLUS Malaysia Bhd possibly being acquired by a private party, saying the profitable highway operator should remain in government hands.
The Borneo Post

‘PM skipping UN meet again highlights 1MDB’s damage’
Kluang MP Liew Chin Tong has expressed concern about Prime Minister Najib Abdul Razak’s ability to function internationally due to the 1MDB scandal.

Ringgit on the rise, weaker US$ and commodity prices help
The ringgit’s spurt against the US dollar has been a function of dollar weakness but economic reasons closer to home have seen the ringgit push on against the greenback since the second quarter of this year.
The Star Online

KLCI to start week on muted note, support seen at 1,766
The FBM KLCI is expected to start the week on a mute note, in line with the lacklustre risk appetite at most global markets following the escalation of war words between the US President Donald Trump and North Korean leader Kim Jong Un over the weekend.
The Edge Markets

UEM Edgenta eyes long-term highway job
Integrated facility manager and engineering contractor services provider UEM Edgenta Bhd has submitted a proposal to PLUS Malaysia Bhd seeking to maintain all of PLUS’ highways on a long-term basis.
The Star Online

Mega port projects risk failure, say industry experts
Putrajaya has lost its focus in its attempt to try and compete with Singapore in the business of running ports.
Free Malaysia Today

How Malaysia’s Legalization of Bitcoin Could Bring Millions of New Users
Earlier this week, Cryptocoinsnews reported that the Malaysian government and its financial regulators are set to regulate the Malaysian bitcoin industry and legalize the usage of the digital currency within the country.

RAM Ratings revises average CPO price forecast upwards
RAM Ratings has raised its average full-year CPO price expectation to RM2,700 to RM2,900 per metric tonne (MT) – up from RM2,300 per MT to RM2,500 per MT previously.
—The Borneo Post

CIMB-Principal launches CIMB Islamic Global Equity Fund
CIMB-Principal Asset Management Bhd has launched CIMB Islamic Global Equity Fund, the latest addition to its suite of 20 Islamic funds, that taps into the growth prospects of syariah-compliant global equities.
The Sun Daily

Econpile wins RM18 million contract for Phase 2 of Pavilion Damansara Heights
Piling and foundation specialist Econpile Holdings Bhd (Econpile) announced that its subsidiary, Econpile (M) Sdn Bhd, clinched a new contract for contiguous bored pile works for the second phase of Pavilion Damansara Heights amounting to RM18 million.
The Borneo Post

Malaysia Shares Likely To Remain Rangebound
Ahead of the long holiday weekend, the Malaysia stock market has finished lower in four straight sessions, surrendering almost 15 points or 0.8 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,770-point plateau and it figures to remain in that neighborhood on Monday.
Markets Insider

Crude Palm Oil Weekly Report – 24 September 2017
Malaysian palm oil futures dipped to a one-week low due to technical correction, tracking weaker performance from related edible oils on Chicago Board of Trade and Dalian Commodity Exchange.
The Borneo Post

Bursa Malaysia to trade sideways
Bursa Malaysia is expected to trade sideways between the 1,760 and 1,770 levels as it enters a consolidation mode.
The Borneo Post

CIMB Research sees strong performance from AirAsia in H2 of 2017
CIMB Equities Research views AirAsia’s strategy to entrench itself strongly in Malaysia is a brilliant move to edge out its rivals.
The Star Online

Focus more on making money than saving money
AT we care about saving money, a lot. We try not to be extreme cheapskates because where is the fun in that?
The Star Online

Technology can help elevate labour problems in agro sector
The pursuit for less manual labour dependent agriculture sector has been widely discussed for several years now and as such, IBM Venture Capital Group (IBM) believes that the usage of technology can help elevate this on-going problem.
The Borneo Post

Margins of refiners, petrochemical companies seen improving
The margins of refiners and petrochemical companies are expected to improve as the current rise in crude oil prices is deemed to be temporary, according to a report by JP Morgan Chase & Co.
The Star Online

Lotte Chemical trending sideways, says AllianceDBS Research
AllianceDBS Research said Lotte Chemical Titan Holding Bhd (LCT) had on Sept 21 traded lower to RM5.04 before rebounding to close at RM5.25 (down 4 sen or 0.75%).
The Edge Markets

Hai-O share price flying high
Unnoticed by many, the share price of wellness and multi-level marketing (MLM) company Hai-O Enterprise Bhd has continued to rise, fuelled by a growing distributor base and strong demand for its food and beverage as well as fashion and beauty products.
The Star Online

Malaysia expects LMS in Oct 2019: Hishammuddin
Malaysia is expected to receive one of two Littoral Mission Ships (LMS) currently being built in China, in October 2019, said Defence Minister Datuk Seri Hishammuddin Tun Hussein (pix).
The Sun Daily

Malaysians have a new favourite pastime these days – guessing when Prime Minister Najib Razak will call the next general election. The vote is due by next August but for months the premier, who has full power to decide when it will be held, has blown hot and cold about triggering a snap contest.
South China Morning Post


Feature photo Sitoo
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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