Malaysia Morning News For February 5

Maybank incorporates new Singapore subsidiary
Maybank Group had incorporated a new wholly-owned unit in Singapore, via its wholly-owned subsidiary, Maybank International Holdings Sdn Bhd.
— New Straits Times

Bank Negara, National Bank of Cambodia to collaborate in fintech
Bank Negara Malaysia and the National Bank of Cambodia are looking at avenues to enhance collaboration on the application of technology in financial inclusion.
— New Straits Times

Applications for licences under TPA being processed
The Energy Commission (EC) has processed two liquefied natural gas (LNG) import licences and three shipping licences under the third party access (TPA) system which comes into effect on Jan 16, 2018.
— The Sun Daily

MAHB sells GHIAL stake for RM295 million
Malaysia Airports Holdings Bhd (MAHB) will be disposing its 11 per cent stake in India-based GMR Hyderabad International Airport Ltd (GHIAL) for RM295 million.
— New Straits Times

Is a financial market crash in the works?
FINANCIAL market volatility is expected to increase significantly as US financing requirements exert further upward pressure on bond yields.
— The Star Online

SAP Malaysia sees opportunities ahead as TN50 takes shape
SAP Malaysia Sdn Bhd, the local arm of New York Stock Exchange-listed software developer, SAP SE, foresees greater opportunities ahead for the technology sector as the government’s Transformasi Nasional 2050 (TN50) initiative takes shape.
— New Straits Times

Who really controls Public Bank and Hong Leong Bank?
A QUESTION popped up during a dinner conversation with a group of bankers – Who owns Public Bank Bhd?
— The Star Online

AirAsia CEO says looking at Boeing 787 for AirAsia X fleet growth
Budget airline group AirAsia is looking at buying Boeing 787s to expand the fleet of its long-haul arm AirAsia X, Chief Executive Tony Fernandes said on Friday.
— New Straits Times

Assess Obor projects diligently
Given the complexity of projects under China’s One Belt, One Road (Obor) initiative, PricewaterhouseCoopers (PwC) Malaysia said local companies involved will need to be “diligent” in assessing project risk and feasibility, as these projects can cost billions of dollars, with potential impact on local communities.
— The Edge Markets

Malaysia is vibrant and stable, says China’s envoy
Malaysia’s economy is vibrant and stable, with a sufficient foreign currency reserve, said Chinese Ambassador Bai Tian.
— The Star Online

Mahathir says he’ll be Malaysian PM for 2 years at most if Pakatan wins
Former Malaysian prime minister and now opposition leader Mahathir Mohamad says he will be prime minister for two years should Pakatan Harapan (PH) win the 14th general election.
— The Straits Times

Ho Wah Genting (USA) invites investors to co-own a hotel room in KL
Believe it or not, now you can co-own a hotel room through a “hotel sharing” concept without having to fork out a huge amount of money for the investment.
— The Sun Daily

Who’s in charge of the Federal Highway now?
Ubiquitous motorcycles on the main carriageway of the Federal Highway are drawing questions as to why authorities are not taking action, but an examination of the regulations that apply have revealed a legal labyrinth instead.
— Malay Mail Online

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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.