Malaysia morning news for December 10

Malaysia morning news for December 10

Malaysia morning newsMalaysia to cut oil output by 15,000 barrels per day, says Azmin
Malaysia will reduce its total oil output by 15,000 barrels per day (bpd) in line with the proposal by the oil-producing countries to support oil prices, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said on Sunday.
— The Star Online

Blowback: Malaysia manufacturers respond to ‘soda tax’ with price rise (video)
While Singapore considers whether to place a tax or even an outright ban on sugary drinks, Malaysia is taking action. Faced with Asia’s highest rates of diabetes and obesity the Malaysian government will implement a sugar tax on sweet beverages effective April 1, 2019.
— AEC News Today

Malaysian Authorities Charge Financier Jho Low, 4 Others in 1MDB Probe
Malaysian police said Wednesday they were looking to extradite fugitive financier Jho Low and four other suspects, including former 1MDB employees, after a court filed fresh charges against them over the alleged misappropriation of billions of dollars from the state fund.
— Benar News

Should US ‘Individual One’ Heed The Experience Of ‘Malaysian Official One’?
For nearly three years Malaysians absorbed with increasing disbelief the wholly unconvincing claims and excuses provided by the man dubbed by the US Department of Justice as ‘Malaysian Official One’, as he sought to deny a deluge of damning information published by the FBI.
— Sarawak Report

Panasonic investing RM300m in Selangor on smart manufacturing
Panasonic Group of Companies is investing RM300 million in the next three years to incorporate Industry 4.0 smart manufacturing at its four factories in Selangor.
— New Straits Times

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Top Glove under fire in Malaysia over migrant worker rights
Malaysian labor rights groups have called for an investigation into the world’s largest glove-maker, Top Glove, after cases were uncovered of migrant workers toiling for long hours and working illegal overtime to pay off huge debts.
— Nikkei Asian Review (paywall)

Is the Sarawak solar project Malaysia’s new 1MDB?
The former Malaysian prime minister Najib Razak and his wife are at the centre of another graft scandal. Is the net closing in on what was once Malaysia’s most powerful couple?
— Asean Today

Dr M to Jho Low: Don’t worry, Malaysian judges are fair
Fugitive businessman Jho Low need not fear of not having a fair trial in Malaysia, as Malaysian judges are quite fair, says Tun Dr Mahathir Mohamad.
— AsiaOne

Sarawak Energy, Shell MDS explore hydrogen economy
Sarawak Energy Bhd and Shell MDS (Malaysia) Sdn Bhd have signed a Memorandum of Understanding (MoU) on working together to assess potential opportunities in lower-cost hydrogen production technology via electrolysis.
— New Straits Times

Socialism 2018: Malaysian leftists told to overcome defeatist mentality, renew their message
Malaysian socialists need to ask themselves why the anti-Icerd (International Convention on the Elimination of All Forms of Racial Discrimination) campaign was able to mobilise tens of thousands for a racist message, when the left wing struggles to have such an impact.
— The Star Online

Changing the landscape with digital tax
In a blink of an eye, Malaysia’s government has undergone a huge revamp since May 9, 2018 when our nation’s voters ended a 61-year old rule of the Barisan Nasional (BN) government by electing opposition party, Pakatan Harapan (PH), into power.
— The Borneo Post

Malaysia welcomes talks with Singapore on maritime dispute: Mahathir
Malaysia Prime Minister Mahathir Mohamad on Saturday (Dec 8) said he welcomes negotiations with Singapore on a dispute over maritime borders between the two countries.
— Channel NewsAsia

Malaysia, Singapore Officials Comment on Territorial Dispute
Malaysia and Singapore have issued more comments on a territorial dispute between the two nations. Singapore claims Malaysian government vessels are intruding into its waters.
— Bloomberg

ICERD does not oppose our way of life: Malaysian human rights rally leaders
If Malaysia were to ratify the International Convention on the Elimination of All Forms of Racial Discrimination (ICERD), this would not oppose the way of life of everyday Malaysians, organisers of the Human Rights Commission of Malaysia (Suhakam) said on Sunday (Dec 9).
— Channel NewsAsia

Identity Politics: Malaysia going down a slippery slope
The victory of Pakatan Harapan in Malaysian GE14 gave some hope. It was a model where different political factions came together to create a powerful political force that ousted the ruling coalition in Malaysia.
— The Independent

1MDB’s debt included in Malaysia’s government debt: Moody’s
Moody’s Investors Service has affirmed Malaysia’s local and foreign currency issuer and senior unsecured debt ratings at A3. The outlook remains stable.
— New Straits Times

Malaysian Financial Regulators to Intensify Scrutiny of ICOs, Cryptocurrencies
Malaysia’s securities regulator and central bank are to strengthen their scrutiny of initial coin offerings (ICOs) through new rules meant to eliminate issues of unfair trade practices and alleged risk of money laundering and terrorism financing.
— Bitcoin

Guan Eng: Malaysia welcomes Moody’s ratings affirmation
Moody’s confidence in Malaysia’s robust growth potential is very much welcomed amid the current challenges faced by the country.
— New Straits Times

Commuters complain of rail connectivity hassles
Lim Wei Ling, a 24-year-old who works in Bangsar, must get up at 5.30am every weekday if she wants to be on time for work. It’s a 20-minute ride on a feeder bus to the train station. If she misses the bus, she’ll have to wait at least 30 minutes for another.

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Yahoo Poll: Are you reconsidering holidaying in Malaysia now?
Last week, Singapore’s Ministry of Foreign Affairs (MFA) issued a travel advisory ahead of planned rallies taking place around the Malaysian capital, Kuala Lumpur at the weekend. According to MFA, there was a possibility that “limited and isolated skirmishes might take place. There may also be traffic disruptions and other disturbances that will impact travellers.”
— Yahoo News

From shopping to tourism, French protests hit economy
Shops shuttered in the run-up to Christmas, chaos on the roads: France’s “yellow vest” protests are dealing a blow to the economy which the finance minister says is no less than a “catastrophe”.

Malaysia has done itself in with actions
Recent developments involving aerial and maritime boundary disputes between Singapore and Malaysia should be concerning to citizens of both countries.
— The Straits Times

8 Malaysians nabbed in Australian raids on worker exploitation ring
Eight Malaysian nationals have been detained in Australia following raids in two separate locations by Australian Border Force (ABF) officers.

Big rally by Malaysia Muslims calls for upholding privileges
Tens of thousands of Malaysian Muslims rallied Saturday in Kuala Lumpur against any attempt to strip the ethnic Malay majority of its privileges, in the first massive street gathering since Prime Minister Mahathir Mohamad’s alliance won a historic vote in May.
— Tucson News Now

YTL Corp to acquire hotel in Madrid for RM1.04 billion
YTL Corporation Bhd’s (YTL Corp) subsidiary, YTL Hotels & Properties Sdn Bhd, is acquiring a proposed hotel in Madrid, Spain, via the acquisition of the entire share capital of SOL HTL Project, S.L.U for RM1.04 billion.
— New Straits Times


Feature photo Zunar Cartoonist Fan Club

This week’s Malaysia morning news feature photo acknowledges Human Rights Day, December 10.


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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