Malaysia morning news for August 13

Malaysia morning news for August 13
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Malaysia morning newsMalaysia, Indonesia Agree On Joint Production Of New ASEAN Car
Indonesia and Malaysia have reached a deal to set up a joint venture to produce the first fully local-made vehicle for domestic use and sale in the Association of Southeast Asian Nations (ASEAN) and pledged to jointly further develop both nations’ automotive sectors.
— Investvine

Natural gas and renewable energy to fuel a sustainable future
Natural gas and renewable energy could potentially fuel a sustainable future in the power and energy industry, the Malaysian Gas Association (MGA) and Shell Malaysia said.
— The Borneo Post

MAHB’s airport traffic grows 4.2pct to 11.9mil passengers in July
Malaysia Airports Holdings Bhd’s (MAHB) network of airports including Istanbul Sabiha Gokcen International Airport(ISGIA) recorded 11.9 million passenger movements in July 2018, an increase of 4.2 per cent over July 2017.
— New Straits Times

Jho Low’s private jet Malaysia’s next target
The Malaysian government is now eyeing to bring back a private jet belonging to fugitive businessman Low Taek Jho, or Jho Low, said Prime Minister Mahathir Mohamad at an event on Sunday (Aug 12).
— Channel NewsAsia

Jet ski association hope sponsors will come in
The national jet ski squad hope sponsors will come in as they have been hit by yet another setback with just over a week before their competition starts at the Indonesia Asian Games.
— New Straits Times

Clearer policies see investors’ confidence returning, says analyst
Foreign investors are slowly gaining confidence in the local equity market with Pakatan Harapan government’s policies and directions becoming clearer as its 100-day milestone approaches, Rakuten Trade Sdn Bhd head of research Kenny Yee said.

Less than 50% of Malay voters think Malaysia on the right track
AS Pakatan Harapan clocks in 100 days in Putrajaya, not many Malay voters are impressed with Dr Mahathir Mohamad’s second administration, a survey has found.
— The Malaysian Insight

After fall of one-child policy, Malaysian fertility clinics target Chinese couples
Malaysia, aiming to become a fertility hub in Asia, has stepped up efforts to target the mainland China market, hoping to lure more couples seeking to conceive.
— South China Morning Post

Why the GST failed
THE argument that the Goods and Services Tax (GST) was a major factor in price increases found receptive ears among Malaysians.
— New Straits Times

Withdraw gracefully from bad trade deal
The new Pakatan Harapan government should amend legislation in line with the needs of the new Malaysia and not at the behest of US lobbyists.

MAHB’s potential ISG disposal fuels airports expansion locally
Turkish Airlines is bidding to buy a majority stake in Istanbul’s second airport from Malaysia Airports Holdings Bhd, a deal analysts said will raise the much-needed funds for the airport operator’s domestic expansion.
— New Straits Times

Investors move cautiously back as the dust settles
Foreign investors are slowly gaining confidence in the local equity market as Pakatan Harapan government’s policies and direction become clearer as its 100 days milestone approaches, Rakuten Trade Sdn Bhd head of Research Kenny Yee said.
— The Borneo Post

Islam is a Malaysian issue
It is time to include a few non-Muslims in Islamic committees and boards to ensure amicable solutions for a united nation.

Taiwan’s One Town One Product now in Malaysia
Malaysians longing to get their hands – and tongues – on Taiwanese foods and products may now be able do so at their convenience with the opening of the first-ever overseas Taiwan’s One Town One Product (OTOP) here.
— The Sun Daily

Malaysia’s CPO production to continue improving in 2H18
Malaysia’s crude palm oil (CPO) production has been forecast by analysts to continue improving in the second half of 2018 (2H18), but at a lower growth rate.
— The Borneo Post

Putrajaya to hold conference to promote Malaysia-China ties
The voyages of Admiral Cheng Ho in pioneering bilateral relations between Malaysia and China will be brought into focus when the 2018 International Cheng Ho Conference is held here on Nov 10.

CIMB Group’s flagship community initiative expands regionally
CIMB Foundation has today gone Asean-wide with its flagship Community Link programme with the launch of its Community Link in Indonesia.
— New Straits Times

Second phase increase in Port Klang’s container tariff defers to March 1, 2019: PKA
The second phase of the increase in Port Klang’s container tariffs will be differed to March 1 next year from September 1 this year.
— New Straits Times

11street undergoes new revolution
11street, one of the leading online marketplaces in Malaysia, is seeing a new revolution that will further enhance the user shopping experience and make significant contributions to the digital economy in Malaysia.
— The Borneo Post

GST gone and Malaysia still not bankrupt, Guan Eng tells Najib
The Pakatan Harapan (PH) government has made good on its electoral promise to repeal the goods and services tax (GST) without bankrupting the country, Finance Minister Lim Guan Eng said on Sunday (Aug 12).
— Today Online

Nomura cautious on Malaysian stocks
Nomura, which has set an end-2018 target of 1,830 points for the FBM KLCI, remains neutral on Malaysia’s stock market, citing macro risks and regime change possibly weighing on Bursa Malaysia’s performance this year.
— The Sun Daily

Finance Minister to propose open inquiry into ‘missing’ RM18b for GST refunds
In an intensifying he-said-she-said situation, Finance Minister Lim Guan Eng said he will propose an open inquiry headed by independent professionals into RM18 billion in goods and services tax (GST) refunds owing to businesses, after former prime minister and finance minister Datuk Seri Najib Abdul Razak stated that the money could have been spent by the new government.
— The Sun Daily

‘Malaysia needs more childcare centres’
There is a dire need for more qualified childcare workers and registered childcare centres in the country, says Datuk Seri Dr Wan Azizah Wan Ismail.
— The Star Online

Expert: Hard approach still needed to tackle terrorism
Countering terrorism differs from one country to another, but there are times the hard approach is needed, a counter-terrorism expert said.

Malaysia’s top forestry official steps down
Often blunt and outspoken toward critics, Datuk Sam Mannan won the ire of timber companies by declaring hundreds of thousands of hectares of rainforest as permanent forest reserves. It is unclear where he will end up.
— Eco-Business

Mahfuz: Let’s help LGBTs return to their ‘original identity’
Mahfuz Omar says help should be offered to lesbians, gays, bisexuals and transgenders (LGBT) to get them to revert to their “original identities” instead of merely trying to get their rights recognised.


Feature photo xiquinhosilva


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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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