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MALAYSIA NOW 23RD IN LIST OF WORLD’S MOST COMPETITIVE ECONOMIES
Malaysia has advanced two spots to 23th place out of 137 economies, consolidating its position among the world’s top 30 most competitive economies.
—Malaysia Chronicle

Rubber product exports to hit RM20 bln target
The Ministry of Plantation Industries and Commodities expects rubber product exports to hit this year’s RM20 billion target due to buying support mainly from the US, Europe, China and India.
—The Borneo Post

Malaysia to have largest MICE venue in South-East Asia
Malaysia will house South-East Asia’s largest meetings, incentives, conferences, and exhibitions (MICE) venue following the combination of the Malaysia Exposition and Convention Centre (MyExpo) and existing Putrajaya International Convention Centre (PICC) by 2021.
—The Star Online

Regional MPs praise Malaysia’s strong stance on Rohingya crisis, call for further ASEAN action
Lawmakers from across Southeast Asia today applauded Malaysian Foreign Minister Anifah Aman’s decision to “disassociate” himself from a recent ASEAN Chairman’s Statement on the situation in Rakhine State, calling the move an important and necessary step to push for more substantial action by the regional bloc to address the growing crisis in Myanmar.
—APHR

Malaysia’s Cooperation With Interpol Has Produced Results In Tracking, Neutralising Criminal Threats
Malaysia is committed to combating all forms of crime by working closely with Interpol member countries and adopting modern policing methods, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
—Malaysia Digest

Foreign investors offload RM477.7 mln equity last week
After three consecutive weeks of foreign inflows, global investors took a breather as they cleared positions ahead of the long weekend.
—The Borneo Post

Preview: Global Conference and General Assembly in Malaysia
In November the global co-op movement will meet in Malaysia for the International Co-operative Alliance Global Conference and General Assembly. The biennial event will bring together delegates from around the world to explore how co-operatives are putting people at the centre of development.
—Coop News

Malaysia Stock Market May Stop The Bleeding
The losing streak has hit five sessions now for the Malaysia stock market, which has given away almost 20 points or 1.1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,765-point plateau although it may have bottomed out heading into Wednesday.
—Nasdaq

Malaysian palm oil price sees biggest gain in three weeks on output concerns
Malaysian palm oil futures saw their strongest daily gain in three weeks on Tuesday, rebounding from two days of losses, on concerns of weaker output growth.
—The Star Online

Malaysian property market sentiment improving
The Malaysian property market is seeing growth and improved sentiment compared with the previously “quiet market” plagued by issues related to loans and access to funds, said iProperty.com CEO for Malaysia and Singapore Haresh Khoobchandani.
—The Sun Daily

Property agents should adopt technology to keep up
Property agents should equip themselves with technological knowhow to keep up with changing market trends.
—The Borneo Post

Malaysia in talks with India, China to add more routes
Malaysia is in talks with India and China to expand new air routes in a bid to boost its tourism market and increase passenger movements, said Transport Minister Datuk Seri Liow Tiong Lai.
—The Star Online

Golden Palm Growers’ investors to meet SSM, trustee within the week
Investors of the shrivelling Golden Palm Growers Scheme have selected 10 representatives to meet the Companies Commission of Malaysia (SSM) and the investment scheme trustee MTrustee Bhd within the week, to file their complaints and enquiries.
—The Sun Daily

Malaysia at the forefront of e-Learning
A total of 450 Massive Open Online Courses (MOOCs) have been offered by public and private universities, polytechnics and community colleges, from only 60 courses, when it was first launched two years ago.
—New Straits Times

Oracle Corporation opens digital hub in Malaysia
Malaysia’s vision to become one of Asia’s premier digital economy is on track with the establishment of Oracle Corp’s first digital hub in Southeast Asia.
—New Straits Times

Govt to focus on technology sector advancement in Budget 2018, says RHB Research
The Government may likely place a lot more emphasis on economic development that uses technology to make advancements in the upcoming Budget 2018, according to RHB Research Institute Sdn Bhd.
—The Edge Markets

Malaysia, Singapore forming subway shuttle company
Malaysia and Singapore are forming a company to build a subway that will ease border traffic and foster growth.
—Nikkei Asian Review (paywall)

Malaysia’s port dreams not dead yet, says economist
Recent reports of empty bays at Port Klang, shifting shipping alliances and China’s capital flight controls paint a bleak picture of Malaysia’s billion-dollar port projects.
—Free Malaysia Today

Malaysia up four spots on global house price index
Malaysia has climbed to 28th on Knight-Frank’s Global House Price Index for the second quarter of 2017.
—Malay Mail Online

Mii wants more tax relief to aid medical insurance adoption
The Malaysian Insurance Institute (MII) wants additional tax relief in Budget 2018 to encourage more consumers to subscribe to medical insurance.
—The Borneo Post

LKL International records RM859,000 deficit in Q1
Medical/healthcare beds, peripherals and accessories provider LKL International Bhd swung to a net loss of RM859,000 for the first quarter ended July 31, 2017 against a net profit of RM1.63 million in the previous corresponding period, due to lower gross profit margin and contribution from manufacturing and trading activities.
—The Sun Daily

Maslan: SMEs’ awareness on FTAs, benefits still low
The awareness among small and medium entrepreneurs (SMEs) on the free trade agreements (FTAs) and their benefits is still low, said Deputy Minister of International Trade and Industry, Datuk Ahmad Maslan.
—The Borneo Post

Malaysia Signs A Series Of Cooperation Agreements
On 14 September the Securities Commission Malaysia (SC) announced that it has signed a series of FinTech cooperation agreements with several regulators in major financial centres. The SC has established FinTech bridges with the Hong Kong Securities and Futures Commission (SFC), the Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS).
—The National Law Review

Muslim-only laundromat puts Malaysia in a spin
Malaysian religious and community leaders have criticised the move by a self-service laundromat in Muar to bar non-Muslim users, adding that this is against the teachings of Islam and could widen rifts between the different religions.
—Today Online

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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