Malaysia Morning News For October 2

Monetary sector stable despite govt’s fiscal challenges
Malaysia’s monetary sector is stable despite the government’s fiscal challenges and issues which resulted from the excesses of the previous government, said Finance Minister Lim Guan Eng.
— The Borneo Post

Malaysia hikes Sept crude oil official selling price
Malaysia has raised the official selling price (OSP) of a basket of September-loading Malaysian crude oil grades to US$82.75 a barrel, Petronas said in a document reviewed by Reuters on Monday.
— The Edge Markets

Malaysia’s halal export value may hit RM50b mark this year: HDC
Malaysia’s halal exports may hit RM50 billion mark this year, earlier than 2020 target on stronger demand, unfazed by the global trade slowdown, Halal Industry Development Corp (HDC) said.
— New Straits Times

Guan Eng urges developers to reduce house price
Land prices are dependent on locality and are decided by market forces, said Finance Minister Lim Guan Eng.
— The Sun Daily

Malaysia telco suspends employee after video emerges of her shouting at pregnant co-worker
Malaysia telco Maxis said on Saturday (Sep 29) that it has suspended an employee after a video emerged of her shouting at two co-workers, including one who was pregnant.
— Channel NewsAsia

Umno will fail in suit against defectors, says ex-judge
Umno will fail in its attempt through the courts to recover costs from its elected representatives who switched camp after the May 9 election, says retired judge Gopal Sri Ram.
— FMT

UN rights expert urges Malaysia to end child marriage
Malaysia should ban child marriage immediately, a United Nations human rights expert said on Monday (Oct 1), stepping into a controversy that has raged since reports in July that a 44-year-old Malaysian man had married an 11-year-old Thai girl.
— Channel NewsAsia

95 is the new retirement age, says Dr M
Prime Minister Dr Mahathir Mohamad, the world’s oldest leader at 93, today joked that the new retirement age is now 95.
— FMT

Malaysia: 2 Sentenced for Planning Terror Attack in Johor
The Kuala Lumpur High Court on Friday sentenced two suspected members of a terror cell linked to Islamic State (IS) to three years in prison for planning a terror attack last year in the southern state of Johor.
— Benarnews

Proton increases market share in September
Proton Holdings Bhd has increased its market share in September with 15 per cent rise in Total Industry Volume (TIV), a new high point for the year and the highest share percentage since May last year.
— New Straits Times

Dr M: Malaysia wants to be independent, does not want military alliances
Malaysia does not believe in military alliances, according to Prime Minister Tun Dr Mahathir Mohamad.
— The Star Online

Malaysia welcomes Swiss investments in palm oil downstream activities
Malaysia welcomes Swiss investments in its palm oil industry’s downstream activities to create outputs for the benefit of mankind and planet earth.
— Malay Mail

Maybank names new CEOs for investment banking operations
Maybank has appointed Datin Ami Moris as chief executive officer (CEO) of its investment banking arm, Maybank Kim Eng Group (MKE), effective today.
— New Straits Times

Govt to introduce new economic strategies for 11th Malaysia Plan
PAKATAN Harapan will introduce new strategies, based on its manifesto, for the direction of the national economy at the tabling of the half-term review of the 11th Malaysia Plan in Parliament on October 18.
— The Malaysian Insight

Lush officially opens first store in Malaysia
Malaysian devotees of Lush can finally rejoice as the cult beauty brand opens its first store in the country today in Pavilion Kuala Lumpur.
— Malay Mail

Thailand and Malaysia are different
TElltale reports have come out of neighbouring Southeast Asian nations in recent days that underline their respective situations regarding politics and the fight against corruption.
— The Phnom Penh Post

Feature photo Tang An Shi

This week’s Malaysia morning news feature photo acknowledges World Habitat Day, October 1.

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.