Malaysia morning news for September 10

Malaysia morning news for September 10
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Malaysia morning newsMalaysian chilli producers consider filing anti-dumping petition
Malaysia’s Ministry of Agriculture and Agro-based Industry (MOA) will help local chilli producers submit a petition to the Ministry of International Trade and Industry (MITI) regarding the dumping of imported chilli into the Malaysian market.
— Channel NewsAsia

Former Malaysian PM Najib Razak wants S$39m seized in May returned
Former Malaysian premier Najib Razak wants the police to return the RM116.7 million (S$39 million) seized from premises linked to him in May, because no legal action has been taken regarding the funds in over three months.
— AsiaOne

Malaysia’s free bus service not for foreigners
Foreigners have failed in their attempt to get free rides on the city’s complimentary bus service, which is provided for the locals.
— The Nation

Malaysia aims to be world’s top 10 tourist destination by 2019
Malaysia aims to achieve being in the world’s top 10 tourist destinations spot in 2019, said Tourism, Arts and Culture Minister Mohamaddin Ketapi.
— Borneo Bullein

Malaysia cancels China-backed pipeline projects
Malaysia has cancelled three China-backed pipeline projects, having previously suspended $23bn in schemes linked to Beijing and criticised “lopsided” contracts as well as potential links to the scandal-ridden fund 1Malaysia Development Berhad.
— Financial Times

M’sian banks hammard on various fronts, earnings growth lowered
The banking sector is not out of the woods yet, as analysts expect its performance for the year to be hammered on various fronts.
— The Star Online

Analysts: Plantations sector to see strong results in 4Q18
Analysts expect the plantations sector to record strong results in the fourth quarter of 2018 (4Q18) on the back of stronger output in the second half of 2018 (2H18).
— The Borneo Post

Chemical Company to sell Seremban land for RM21.5m
Chemical Company of Malaysia Bhd (CCMB) has proposed to dispose of a vacant industrial leasehold land in Seremban, Negri Sembilan measuring 73,705.1 square metres for RM21.5 million.
— The Sun Daily

Malaysia more insulated from EM financial contagion
Malaysia is perceived as more insulated to emerging market (EM) financial contagion risk compared to countries that have high direct trade and financial linkages to source crisis countries, say economists.
— The Borneo Post

Market volatility from trade dispute uncertainties expected to continue
Market volatility, due to trade dispute uncertainties and domestic fiscal concerns, will likely cause foreign funds to continue holding on to safe haven assets, especially in light of heightened concerns over the Turkish lira crisis and its contagion effects on emerging markets.
— The Borneo Post

Profit taking in palm oil market next week?
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see profit taking next week as oversupply concerns loom in line with the seasonal trend, said a dealer.
— The Star Online

Asia’s First New Hyper-Reality Star Wars(TM) VR Experience Coming to Resorts World Genting
From a galaxy far, far away comes the first multi-sensory immersive experience of its kind in Asia that blurs the line between the physical and virtual world that you can explore with friends and companions.
— AEC News Today/ PR Newswire (media release)

Malaysian rights activist stopped at Hanoi airport
Vietnam has refused entry to Malaysian human rights activist Debbie Stothard to attend the World Economic Forum to be held in the country next week.

Sunway University Partners UC Berkeley to Develop World-Class Entrepreneurs
Sunway University recently signed a partnership agreement with the Sutardja Center for Entrepreneurship and Technology (SCET) of University of California Berkeley (UC Berkeley) in Silicon Valley to develop Sunway University’s entrepreneurship programmes.
— AEC News Today/ PR Newswire (media release)

Malaysia To Begin Issuing Bauxite Ore Export Permits For Remaining Stockpiles
After languishing in place for almost 32 months, the Malaysian government has decided to give the go-ahead to bauxite mining firms to begin applying for approved permits (AP) allowing for export of the bauxite stockpiles left behind in Pahang.
— Aluminium Insider

Dr Mahathir : Foreigners finds job in Malaysia because of lazy locals
Prime Minister Tun Dr Mahathir Mohamad made scathing remarks to the Malay community in particular on the second anniversary of the Parti Pribumi Bersatu Malaysia (BERSATU).
— The Independent

Presenting the 18th Edition of Malaysia International Beauty Show in this October
The longest running platform where beauty trade professionals meet and connect, returns to Malaysia with a comprehensive range of beauty products and innovations.
— AEC News Today/ PR Newswire (media release)

Going bald to raise childhood cancer awareness in Malaysia
Several people volunteered to have their heads shaved bald to raise awareness on childhood cancer in Malaysia through the “Go Bald Sabah 2018” event.
— The Star Online

33 years after Dr Mahathir’s first visit to China
Watching the television coverage of Dr Mahathir Mohamad arriving in Beijing last month on his first official visit to China since returning to office brought back many memories of a similar visit 33 years ago.

Shafee Admits He Lied….. And Then Tells Another Tall Story!
Have you heard the one about the prime minister and the one billion dollar donation from an Arab Royal (no strings attached)?
— Sarawak Report

TDM undertakes debt rationalisation exercise
TDM Bhd is undertaking a debt rationalisation exercise, involving the full settlement of the outstanding Indonesian Rupiah Notes held by the group’s Indonesian subsidiary, PT Rafi Kamajaya Abadi.
— New Straits Times

Serba Dinamik buys stakes in Dutch companies for RM6.5m
Serba Dinamik Holdings Bhd has proposed to acquire a 25% stake in Psicon BV for 400,000 euro (RM1.93 million) cash and the entire 100% equity interest in Psicon AVV for US$1.1 million (RM4.56 million) cash.
— The Sun Daily

DRB-Hicom not in troubled waters, 41 employees were given VSS
DRB-HICOM Bhd has completed a voluntary separation scheme (VSS) to all staff at the headquarters in July 2018.
— New Straits Times

Malaysia state government apologises for public euthanasia of 8 stray dogs
Operations to euthanise stray dogs in the state have been halted indefinitely after the authorities were criticised by several quarters for publicly putting to sleep eight canines caught in a residential area.
— AsiaOne

A soon-to-be doctor donates part of his liver to save his primary school teacher
A medical graduate on housemanship has given his primary school teacher a new lease of life by donating 67% of his liver to save the teacher. Transplant operation performed in Singapore. Both donor and recipient are doing well.
— The Nation

Matrade working with various parties to overcome economic challenges: CEO
The Malaysia External Trade Development Corporation (Matrade) says it is continuously working with entrepreneurs and local industries to overcome the impact of global and domestic economic uncertainties.
— New Straits Times

3 killed, 14 injured in Malaysia highway crash involving Singapore-bound bus
Three people were killed and 14 others injured after a coach bus operated by Singapore’s Grassland Express & Tours lost control and crashed into a hauler truck on a Malaysian highway early on Sunday (Sept 9).
— The Stratis Times

It is past 6pm in a suburb just outside Kuala Lumpur and an outdoor night hawker market – that staple of Malaysian daily life – is slowly coming to life.
— South China Morning Post


Feature photo Michael Coghlan


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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