Highlights:

  1. Three changes in PAC committee line-up
  2. RAM Ratings expects Malaysia´s exports to grow at 10.8 per cent in October
  3. Malaysia’s economic growth to ease to 4.5 pct next year – ICAEW
  4. Explosion rocks Kuching’s CityOne Megamall
  5. Singapore lodges ‘strong protest’ over extension of Johor Bahru port limits
  6. The BMW Shorties Film Festival Returns

Three changes in PAC committee line-up
The Parliament Select Committee has appointed three new members to replace existing members. They are Permatang Pauh MP Nurul Izzah Anwar who replaces Akmal Nasrullah Mohd Nasir (PH-Johor Bahru), William Leong (PH-Selayang) who replaces Willie Mongin (PH-Puncak Borneo), and Datuk Dr Noraini Ahmad (BN-Parit Sulong) replacing Datuk Seri Hasan Arifin (BN-Rompin). The PAC which comprises 12 members, is currently chaired by Datuk Seri Dr Ronald Kiandee (BN-Beluran), while the vice chairman is Wong Kah Woh (PH-Ipoh Timur).

RAM Ratings expects Malaysia’s exports to grow at 10.8 per cent in October
RAM Rating Services Bhd. expects Malaysia’s exports to grow at 10.8 per cent in October 2018. This is as global value-chain activities will likely be sustained by front-loaded orders, amid greater concerns, over the rise in US tariff rates on US$200 billion of Chinese imports that had earlier been scheduled to take effect on 1 January next year. The rating agency said the slated increase has now been put on hold following recent talks between US President Donald Trump and Xi Jinping of China at the G20 Summit in Buenos Aires, Argentina, with both parties having agreed to a 90-day truce to allow time for fresh negotiations.

Malaysia’s economic growth to ease to 4.5 pct next year – ICAEW
The Institute of Chartered Accountants in England and Wales (ICAEW) expects Malaysia’s economic growth to ease to 4.5 per cent next year from 4.8 per cent this year, with domestic demand providing some relief amid a more challenging outlook for exports. Economic Advisor and Oxford Economics Lead Asia Economist Sian Fenner said higher inflation, tightening of policy rates, financial stability considerations arising from higher interest rates in the United States (US) and internal development are also likely to moderate demand. “In line with our simulation of the US-China tariffs, we expect economies with the closest ties to be the hardest hit in a trade war, whether through direct or indirect exports,” she added.

Explosion rocks Kuching’s CityOne Megamall
Three men were killed after an explosion rocked a shopping mall in Kuching this afternoon. State fire department director Khirudin Drahman confirmed that those killed were Malaysians. He noted that two of the deceased were workers of the Nene Chicken food outlet in the CityOne Megamall. The outlet is in the midst of being renovated before its scheduled opening tomorrow. He added that 26 others were injured, four of them seriously. The cause of the explosion is still being investigated.

Singapore lodges ‘strong protest’ over extension of Johor Bahru port limits
Singapore has lodged a “strong protest” with the Malaysian government over its move to extend the Johor Bahru port limits “in a manner which encroaches into Singapore’s territorial waters off Tuas”, said Singapore’s Ministry of Transport (MOT) in a media statement today. Changes to the port limits were announced through Malaysia’s Federal Government Gazette on 25 October, 2018, in a document published by the Attorney General’s Chambers. Singapore said it has requested that Malaysia refrain from taking any further unilateral action, and to amend the gazette notification “to reflect the sovereignty of Singapore over the waters in question”. The Maritime and Port Authority of Singapore has also issued a circular on Nov 30, instructing ship masters and owners of vessels to disregard Malaysia’s gazette notification. Singapore’s Transport Minister Khaw Boon Wan said he had raised the issue with his Malaysian counterpart Anthony Loke

The BMW Shorties Film Festival Returns
An exciting line-up of activities, film and music awaits as the BMW Shorties celebrates 12 years of driving local filmmaking talent and digital content creators in 2018. BMW Group Malaysia will celebrate another successful year of championing aspiring local filmmakers and digital content creators with the second BMW Shorties Film Festival on 15 December 2018 in Petaling Jaya. The film festival will see one of the finalists of BMW Shorties 2018 crowned as the Grand Prize Winner, along with winners of the supporting categories, including the ever-popular People’s Choice Award! The voting period closes on Friday, 7th December 2018. Hosted by Adam Izzy, the Festival will also play host to a screening of the Finalists’ short films and a panel discussion on ‘Storytelling for Today’s Audience’.