Malaysia Morning News For January 4

Malaysia Morning News For January 4

Malaysia morning newsSamling is said to prepare $250m IPO for Bentley dealer
Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than 1 billion ringgit ($250 million), people with knowledge of the matter said.
— New Straits Times

OCBC Bank: Malaysia could face inflationary pressures this year
With inflation pressures pacing relatively faster vis-à-vis its Asian peers, OCBC Bank said Malaysia would need to stay vigilant for any early signs for a faster-than-expected surge in inflation in 2018.
— The Sun Daily

South Korean ride-sharing startup SoCar to launch services in Malaysia
South Korean ride-sharing startup SoCar has identified Malaysia as its first overseas market for expansion, according to a report by South Korea’s Yonhap news agency.
— DealStreetAsia

Bursa Malaysia ends broadly higher
Share prices on Bursa Malaysia closed broadly higher today, boosted by renewed buying support seen across the board in tandem with the better showing on regional peers.
— New Straits Times

CIMB IB Research raises target price for Westports to RM4.14
CIMB IB Research has maintained its “Add” rating on Westports Holdings Bhd at RM3.75 with a higher target price of RM4.14 (from RM4.11) and said Westports said on Jan 3 that its FY17F liftings came to 9 million teus, down 9% year-on-year (y-o-y) as CMACGM and UASC transferred cargoes to Singapore, coinciding with our own forecast.
— The Edge Markets

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HLIB rates Malaysian construction sector ‘overweight’
Hong Leong Investment Bank (HLIB) has maintained its “overweight” call on the construction sector following an increase in the total number of contracts awarded, especially in the rail section.
— New Straits Times

Japan Stands Good Chance Of Winning KL-SG HSR Project, Says Envoy
apan stands a good chance of winning the tender for the Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project, despite an expected strong competition from its closest rival, China.
— Bernama

Malaysia Faces Higher Rates, Currency Risks and an Election Battle
(Jan 4): Malaysia faces higher interest rates, currency risks and a contentious election battle in 2018 that will test Prime Minister Najib Razak’s grip on power.
— The Edge Markets

Singapore-based CopyCash to launch initial coin offering in Malaysia next week
Amid growing concerns over the underlying risks in digital currencies, a Singapore-based blockchain startup looks to be taking its chances with the Malaysian public, with an initial coin offering (ICO) slotted for next week.
— The Sun Daily

Malaysian-owned Beauty Brand Penetrates Indonesian Market
Malaysian-owned cosmetics and beauty brand, Airish London, has opened a branch in Jakarta, targeting daily sales of more than 50 million rupiah (RM15,000).
— Bernama

FGV expects more than 30 mills to be RSPO-certified by year-end
Felda Global Ventures Holdings Bhd (FGV), which has received its Roundtable Sustainable Palm Oil (RSPO) Principles and Criteria (P&C) certification for its eight palm oil mill complexes at the end of 2017, is expecting more than 30 mill complexes to be certified by the end of this year.
— The Sun Daily

Primary and secondary education today is free, says Najib
Datuk Seri Najib Tun Razak said the cost of education at primary and secondary levels today is free with the government spending an average of RM8,900 for each student annually.
— Daily Express

US firm Ocean Infinity says hopeful of getting MH370 search contract soon
U.S.-based seabed exploration firm Ocean Infinity on Wednesday said it was moving a vessel closer to a possible search area for missing Malaysia Airlines flight MH370 as it soon expects to be awarded a contract by Malaysia to resume the search.
— The Star Online


Feature photo Phalinn Ooi


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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