Malaysia Morning News For October 23, 2019

Malaysia shortlists 4 potential strategic partners for flag carrier Malaysia Airlines
Malaysia has shortlisted four potential investors for strategic partnership with its national carrier Malaysia Airlines, Economic Affairs minister Azmin Ali said on Tuesday (Oct 22).
— The Straits Times

Miti to ensure Malaysia steers clear of US sanctions
The Ministry of International Trade and Industry (Miti) will take the necessary action against any companies, including improper certificate issuers, that are using Malaysia as a transhipment point to get a certificate of origin for their manufactured goods for export to the US.
— The Sun Daily

58 pct of electrical products in Malaysian market are substandard — Miti
About 58 per cent of electrical products in the Malaysian market last year were of substandard quality, said Deputy Minister of International Trade and Industry, Dr Ong Kian Meng.
— The Borneo Post

Malaysia, Indonesia to challenge EU biofuels law at WTO by end 2019
The European Union had earlier this year decided to phase out by 2030 palm-based transport fuels in its share of renewable energy after concluding that its cultivation results in excessive deforestation.
— India Times

AirAsia Group consolidated capacity grows 17pc in Q3 2019
AirAsia Group Bhd consolidated aircraft operating certificate (AOC) comprising Malaysia, Indonesia, the Philippines, Thailand, India and Japan, saw capacity growth of 17 per cent year-on-year (yoy) in the third quarter of 2019 (Q3 2019).
— Malay Mail

Malaysia concerned by Indian trade body’s call to boycott its palm oil
Malaysia said on Tuesday it viewed with “great concern” the decision by India’s top vegetable oil trade body to ask its members to stop buying Malaysian palm oil in protest over criticism of New Delhi’s action in disputed Kashmir.
— Reuters

Malaysia targets 30pc increase in grain corn production
The Agriculture and Agro-based Industry Ministry is targeting a 30 per cent increase in grain corn production for the animal feed industry in the next five years.
— Malay Mail

Malaysia Airlines launches MHholidays Big Sale
FOR a limited time only, Malaysia Airlines is offering customers huge discounts on flight + hotel stays on its MHholidays Big Sale from Oct 22 to 28,2019 – applicable for travels from Oct 22,2019 to April 30,2020.
— The Star Online

T7 Global secures umbrella contract from Petronas Carigali
T7 Global Bhd has received an umbrella contract from Petronas Carigali Sdn Bhd for the provision of integrated well services for intervention, workover and abandonment for petroleum arrangement contractors (PACs).
— The Sun Daily

Decision on strategic partner for Malaysia Airlines by early 2020 latest, says Azmin
The economic affairs minister today said the government will appoint a strategic partner to take over Malaysia Airlines Berhad (MAB) within the next few months.
— Malay Mail

Melaka woos foreign investors with cheap land, water rates
Competitively priced land and low water tariffs for industry are the main drawcards for foreign investors to choose Melaka as an investment destination, says a state executive councillor.
— Malay Mail

PM: Gig economy to be included in 12th Malaysia Plan
Gig economy has been identified as a new source of economic growth and will be made part of the 12th Malaysia Plan, (RMP12), Tun Dr Mahathir Mohamad said in Parliament today.
— Malay Mail

Analysts retain ‘neutral’ stance on AAX as capacity management remain an issue
AirAsia X Bhd’s (AAX) capacity management is expected to remain a headwind for the rest of the financial year 2019 (FY19) and as such, analysts retained their ‘neutral’ stance on the airline.
— The Borneo Post

Malaysia scores C+ rating in 2019 global pension index
Malaysia scored an index of 60.6 on the 2019 Melbourne Mercer Global Pension Index (MMGPI) which suggests that a strong correlation exists between the levels of pension assets and net household debt.
— The Borneo Post

Hengyuan, Petron unable to offload crude oil at Malaysia’s Port Dickson
Refineries at Port Dickson on Peninsular Malaysia’s west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.
— Reuters

Malaysia remains at risk of being removed from WGBI
RAM Ratings said the possibility of Malaysia being removed from the World Government Bond Index (WGBI) cannot be completely discounted as the country remains on the watchlist for a potential downgrade.
— The Sun Daily

Suspect gives info on grenades, bullets at Penang apartment: Police
The discovery of two hand grenades and 689 bullets in a fire hydrant storage room at an apartment in Bukit Dumbar here Sunday was made following information received from a drug trafficker who is now in police custody.
— The Sun Daily

Govt to continue protecting retirement benefits of civil servants, says PM
Prime Minister Tun Dr Mahathir Mohamad today assured that civil servants currently in service and has confirmed their status in the pension scheme will continue to receive the benefits of the scheme.
— Malay Mail

Modi govt plans to cut imports from Turkey, Malaysia as retaliation for Kashmir position
India is contemplating inserting curbs on some imports from Turkey and Malaysia, in response to their leaders’ feedback on the autonomy of Kashmir, individuals aware of the matter stated.
— liistudio

Improve education system to face socio-economic realities
Malaysia should take a very programmatic attitude in improving its education system to prepare the younger generation to face socio-economic realities.
— The Sun Daily

SRC trial: Prosecution insists Najib knew RM42m entered account
Former prime minister Datuk Seri Najib Razak was complicit in the deposits totalling RM42 million from SRC International Sdn Bhd in his private bank accounts, the prosecution maintained in the High Court today.
— Malay Mail

45,000 BSH recipients eligible for PSP do not have bank accounts
About 45,000 of 2.9 million recipients of the Bantuan Sara Hidup (BSH) who are eligible for fuel subsidy under the Petrol Subsidy Programme (PSP) do not have bank accounts through which they could obtain the aid.
— The Borneo Post

Construction of road, bridges across Sg Pulai will benefit many: Exco
The ongoing construction of three bridges and a road across Sungai Pulai from Tanjung Pelepas Port (PTP) to Tanjung Bin, is seen to boost the economic potential of the local community once completed.
— The Sun Daily

IFCA MSC, Huawei to explore AI, big data
IFCA MSC Bhd has entered into a strategic partnership programme with Huawei Services (Hong Kong) Co Ltd via the signing of a memorandum of understanding (MoU) between the two parties.
— The Sun Daily

Bursa Malaysia opens easier but turns firmer thereafter
Bursa Malaysia opened marginally lower but turned firmer thereafter, in line with regional peers and the stronger overnight performance on Wall Street.
— The Sun Daily

Potential for Sarawak timber in China
Dare Global Technologies Group Co. Ltd, a leading company in wood-based home industry in Danyang city of Jiangsu Province is looking forward to import timber.
— New Sarawak Tribune

Suspect gives info on grenades, bullets at Penang apartment – Police
The discovery of two hand grenades and 689 bullets in a fire hydrant storage room at an apartment in Bukit Dumbar here yesterday was made following information received from a drug trafficker who is now in police custody.
— The Borneo Post

KKB awarded water projects for Samarahan worth RM60.9 mln
KKB Engineering Bhd (KKB) announced that it received two letters of award from Jabatan Bekalan Air Luar Bandar Sarawak (JBALB) for the proposed construction and completion of water supply in the Samarahan division.
— The Borneo Post

LTTE crackdown and rule of law under ‘New Malaysia’
There must be due process and the right to a fair trial for individuals suspected of terrorist activity.
— FMT News

Dedicated rail line to transport freight needs to be built: Expert
The famous Japanese “Shinkansen” or bullet train, the world’s leading high-speed rail network, with speed that can reach up to 320 kilometres per hour, showcases the country’s technological advancement in its railway system.
— The Sun Daily

Serba Dinamik’s unit to launch content platform in Asia, Africa
Serba Dinamik Holdings Bhd’s wholly owned subsidiary, Serba Dinamik IT Solutions Sdn Bhd (SDIT), will launch its cloud-based online content sharing platform in Indonesia, India, Qatar and several African countries next year.
— The Borneo Post

Gig economy to be regulated: Tun M (Updated)
The government will regulate the gig economy in the country to ensure the welfare of workers in the sector is protected, according to Tun Dr Mahathir Mohamad (pix).
— The Sun Daily

No interesting bids for Plus Highway takeover yet, says Dr M
There have been no interesting bids to take over highway operator Plus Malaysia Bhd, says Prime Minister Tun Dr Mahathir Mohamad.
— The Star Online

Court sets Oct 31 to hear prosecution’s application to transfer Goldman Sachs’ case to High Court
The prosecution has filed an application to transfer the case of Goldman Sachs Group Inc, which is facing criminal charges involving US$6.5 billion (RM27.2 billion) worth of bonds linked to 1Malaysia Development Berhad.
— Malay Mail

PKNS shrouded in gloom and sadness as it welcomes home victims of Turkey accident
The Selangor State Development Corporation (PKNS) Headquarters Complex in Section 14 here yesterday was shrouded in gloom and sadness when a group of 26 employees and their spouses arrived after escaping death in a road accident in Turkey, last Wednesday.
— The Sun Daily

MGB completes first batch of IBS-built homes ahead of schedule
MGB Bhd, a subsidiary of LBS Bina Group Bhd, has completed its first batch of Industrialised Building System (IBS)-built homes in LBS Alam Perdana in 12 months instead of 18 months.
— The Sun Daily

Once a scam victim, this entrepreneur has built an escrow service to check online shopping fraud in Malaysia
Online fraud and scams are a norm in Malaysia. Around 12,481 cases reported in 2016 were related to online shopping, as per an estimate.
— e27

Azmin: MAS’ fate to be known by early 2020
A final decision on the ailing national carrier Malaysia Airlines Berhad (MAS) is expected by early next year, according to Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
— The Sun Daily

Survey: Three in five people across ethnic groups ‘very dissatisfied’ with UM protest
Roughly 60 per cent of respondents in a recent survey said they were “very dissatisfied” with the solo protest of engineering graduate Wong Yan Ke during the University of Malaya (UM) convocation ceremony.
— Malay Mail

RM4m sports allocation for Tg Piai not new, Syed Saddiq claims
Youth and Sports Minister Syed Saddiq Abdul Rahman asserted today that the RM4 million allocation for Tanjung Piai he mentioned on Saturday was not new and had been “discussed a long time ago.
— Malay Mail

Warriors Fund collection exceeds expectations: Mohamad Sabu
The 2019 Warriors Fund Campaign (KTP) organised by the Malaysian Armed Forces Veteran Affairs Department (JHEV) has managed to raise RM9.1 million in donations, far exceeding its initial target of RM6 million.
— The Sun Daily

Jho Low responsible for preparing 1MDB action plans, Najib’s talking points — Witness
The High Court here yesterday was told that the fugitive businessman Low Teak Jho or Jho Low was entrusted with the responsibility of preparing 1Malaysia Development Berhad’s (1MDB) action plan and also the talking points of Datuk Seri Najib Tun Razak.
— The Borneo Post

Feature photo UNDP Malaysia

This week’s Malaysia morning news feature photo focuses on United Nations Day, October 24.

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).

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