Malaysia Morning News For January 30

Malaysia Morning News For January 30
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Malaysia morning newsCrude oil prices further ringgit boost
The ringgit opened higher against the US dollar today and on the back of better global crude oil prices, dealers said.
— The Star Online

Alibaba to help Kuala Lumpur reduce traffic woes in first foreign project
Alibaba Group will set up a traffic control system harnessing artificial intelligence for Malaysia’s capital Kuala Lumpur, its first such service outside China, as the e-commerce giant pushes to grow its cloud computing business.
— DealStreetAsia

RHB lauds government’s effort to drive digital payments
RHB Bank Bhd (RHB Bank) and RHB Islamic Bhd today introduced RHB’s Corporate MyDebit Card, aimed to reduce check issuance and cash payments among key government agencies.
— New Straits Times

Malaysia is AI-enabled stethoscope’s production base
M3DICINE, an Australian private medical device design and manufacturing company, has made Malaysia the production base for Stethee – the world’s first Artificial Intelligence (AI)-enabled stethoscope system.
— The Sun Daily

Local property market continues to self-correct: Knight Frank Malaysia
Malaysia’s property market is expected to remain sluggish in the first six months of the year, leading property consultant Knight Frank Malaysia said.
— New Straits Times

PM: Cooperation between business chambers good for economy
Prime Minister Datuk Seri Najib Razak has hailed efforts by Malaysia’s business and commerce chambers to work together.
— Malay Mail Online

Malaysia must take advantage of Belt and Road Initiative: PM
Malaysia must take advantage of the China-proposed Belt and Road Initiatives for its own economic development, Malaysian Prime Minister Najib Razak said Monday.
— Xinhua

Malaysia: Naluri Hidup closes $258k seed round from BioMark, 500 Startups
Malaysia-based digital health startup Naluri Hidup has raised approximately RM1 million ($258,570) in seed financing from Singapore-based healthcare analytics firm BioMark and Silicon Valley’s 500 Startups through its Southeast Asia-focussed fund, 500 Durians.
— DealStreetAsia

Prestariang bags contract extension worth RM222.6m from finance ministry
Prestariang Bhd’s wholly owned subsidiary, Prestariang Systems Sdn Bhd, has received a letter of award from the Ministry of Finance for the extension of contract to supply of Microsoft software licences, products and services under MLA 3.0 to all government agencies and Institut Latihan Awam (Public Training Institute) in Malaysia.
— The Sun Daily

SMEs show mettle in tough environment
Local small and medium enterprises (SMEs) from the oil and gas services and equipment (OGSE) industry are increasingly catching up in a playing field dominated by the major players of the industry, especially multinational companies (MNC) and larger scale players.
— New Straits Times

Malaysia: COPE Private Equity exits Serba Dinamik
Malaysia-headquartered COPE Private Equity (that was earlier known as CMS Opus Private Equity) Monday said it had fully exited Serba Dinamik Holdings Berhad (Serba), after staying invested in the company for four years.
— DealStreetAsia

Business leaders in Malaysia most optimistic since 2014
Malaysian business leaders’ overall optimism surged to 6% in the fourth quarter of 2017, a sharp rebound from a negative 36% a year ago, according to Grant Thornton’s quarterly business survey.
— The Star Online

HLT Global to use IPO money to upgrade dipping lines, set up new line
HLT Global Bhd, which was listed in January 2017, proposes a variation to its initial public offering (IPO) proceeds to upgrade its eight glove-dipping lines and set up a new line, which are in line with its plans to diversify into the downstream glove manufacturing business.
— The Sun Daily

OCBC to hike interest rates from Friday
OCBC Bank (Malaysia) Bhd and its subsidiary OCBC Al-Amin Bank Berhad will raise the interest rates from this Friday.
— The Star Online


Feature photo Ah Wei (Lung Wei)


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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