Malaysia Morning News For January 9

Malaysian stocks surge to two-year highs on foreign fund flows, election bets
Malaysian stocks jumped to more-than-two-year highs, powered by surging foreign fund inflows and expectations surrounding national elections.
— Nikkei Asian Review

2017 — a bullish year for Malaysian banks
The share price of the local banking players on averaged has surged about 17% in the past year, with the two banking giants — Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd rising close to 24% and 51% respectively.
— The Malaysia reserve

Democracy showdown looms in Malaysia
For more than 10 years now, Malaysians have been asking for greater democracy and equality in the multi-ethnic nation.
— UCA News

Malakoff, Touch Meccanica to go into solar and hydro
Malakoff Corp Bhd and Touch Meccanica Sdn Bhd will be collaborating to develop energy projects in Pahang which include a large scale solar photovoltaic and mini hydro power projects.
— New Straits Times

Malaysia’s economic momentum to remain upbeat
Malaysia’s economy will continue to perform strongly following solid trade numbers in November, AmBank Research said.
— New Straits Times

Ringgit likely to soften after strong rebound
Despite the ringgit continuing with its upward trend after breaking the psychological barrier 4.0 level last Friday, economists cautioned that the local currency might take a breather in view of the US Fed tightening cycle and a boost for the dollar, from the US tax reform.
— The Sun Daily

AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project
AECOM, a premier, fully integrated global infrastructure firm, has been appointed by China Communications Construction Company to provide site supervision services for the stations, viaducts, tunnels and depots of the East Coast Rail Link (ECRL) project.
— AsiaOne

AirAsia may consider listing Malaysian business
AirAsia, the Southeast Asia’s largest regional budget carrier by fleet, may consider listing the Malaysian business in future, its group chief executive said Monday.
— Nikkei Asian Review

Felda settlers to petition against the EU next week
Federal Land Development Authority (Felda) will petition against the European Union’s (EU) discriminating palm oil and this peaceful protest will take place here on January 16.
— New Straits Times

AmBank Group to cut jobs via MSS
AMMB Holdings Bhd (AmBank Group) has launched a mutual separation scheme (MSS) for its employees in a bid to improve efficiency and get leaner.
— The Edge Markets

Malaysia’s Mydin looking to sell $12.5m Sam’s Groceria biz
Malaysia’s premium grocer chain Sam’s Groceria has been put on the block by owner Mydin Mohamed Holdings Bhd as part of an internal reorganisation to divest loss-making businesses.
— DealstreetAsia

Foreign funds pumping liquidity into M’sian stock
Foreign investors continued to pump liquidity into stocks listed on Bursa Malaysia in the first week of 2018.
— The Star Online

Feature photo Ah Wei (Lung Wei)

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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.