• FTA With Sri Lanka to Facilitate Exports of Malaysian Products, Services
  • Malaysia To See 3.2 Per Cent Real Wage Growth In 2018
  • BMW Group meets pledge to deliver 100,000 electrified vehicles in 2017
  • UBER Partners CELCOM to Enhance Digital Lifestyle for Riders and Drivers
  • Changi Airport Surpasses 60 million Passengers In 2017
  • With IPO rules reboot, Hong Kong is primed for 2018’s big China technology listings

FTA With Sri Lanka to Facilitate Exports of Malaysian Products, Services
Products and services from Malaysian companies are expected to easily penetrate the market in Sri Lanka if both countries are able to forge a Free Trade Agreement. Malaysian Prime Minister Datuk Seri Najib Tun Razak said among the main products Malaysia exports to Sri Lanka is palm oil but it is subjected to several specific taxes, and if the FTA was implemented, the taxation system in both countries would be reviewed. Datuk Seri Najib this to the Malaysian media after meeting Sri Lanka President, Maithripala Sirisena, and attending a roundtable negotiation between the government and private sector of both countries. Datuk Seri Najib said Malaysia’s exports to Sri Lanka for the January to September 2017 period amounted to US$499.1 billion, an increase of 13.6 per cent compared with the same period last year. Malaysia´s exports to Sri Lanka is 10 times the value of Sri Lanka´s exports to Malaysia and during the negotiations, Sri Lanka had requested Malaysia to import more of its products. (Bernama)

Malaysia To See 3.2 Per Cent Real Wage Growth In 2018
The average salary in Malaysia is expected to grow by 3.2 per cent in 2018, an increase over the 1.3 per cent growth recorded in 2017, said global management consulting firm, Korn Ferry Hay Group (Korn Ferry). Korn Ferry projected that financial services, construction and property development and management industries, are expected to record the highest salary increases, while sectors such as health and life sciences, oil and gas and industrial products would register the lowest growth. “With inflation rising in most parts of the world, we’re seeing a cut in real wage increases across the globe. “The percentage of salary increase or decrease will vary by role, industry, country and region. But, one thing is clear, on average, employees are not seeing the same real pay growth they did even one year ago,” said Korn Ferry Global Head of Rewards and Benefits Solutions, Bob Wesselkamper. The firm added that average bonus levels are also expected to decline slightly in 2018 to 2.5 months, from the 2.6 months recorded this year.

BMW Group meets pledge to deliver 100,000 electrified vehicles in 2017
The BMW Group has delivered more than 100,000 electrified vehicles to customers worldwide in 2017, as promised at the beginning of the year. This underlines the company’s leadership role when it comes to electro-mobility. An eye-catching light installation will mark this milestone on the road to the mobility of the future, with the BMW Group headquarters, the world-famous “Four-Cylinder” in the north of Munich, transformed into a battery. The BMW Group selected this glowing symbol to represent the technological change taking place in mobility. In Malaysia, the premium automaker has already established the BMW brand as the most successful premium hybrid brand in the country, delivering over 6200 BMW iPerformance Hybrid Vehicles with eDrive technology in the country. The total deliveries signify that over 50% of BMW Malaysia’s total volume for the country comprises of Hybrid vehicles with eDrive technology, the highest product split share not only in the country but in ASEAN and the world for the BMW Group. (MR)

UBER Partners CELCOM to Enhance Digital Lifestyle for Riders and Drivers
Celcom Axiata Berhad announced today its partnership with e-hailing provider, Uber Malaysia. The partnership will provide Celcom consumers on the Uber platform nationwide with special benefits in the coming months. As a reward for loyal Uber driver-partners, Celcom will offer them a wide selection of the latest devices that are compatible with Celcom’s Lightning Fast LTE network, bundled with Celcom FIRST™ plans with additional benefits. These benefits include zero-rated data charges on the Uber app. (MR)

Changi Airport Surpasses 60 million Passengers In 2017
Changi Airport Group (CAG) today celebrated the crossing of yet another milestone in Changi Airport’s history, recording 60 million passenger movements in 2017, a first in a calendar year. “It is a proud moment for all of us in the airport community and is the result of years of hard work and dedication to grow the Changi air hub to what it is today,” its Chief Executive Officer, Lee Seow Hiang said in a statement today. Lee noted that with the new Terminal 4, and an upcoming development projects such as the expansion of Terminal 1, the Changi East project as well as a new passenger terminal at Seletar Airport, CAG would ensure that the country’s airports continue to have sufficient capacity to meet the region’s demand for air travel in the decades ahead, and contribute to Singapore’s economic success in the long run. CAG said with more than 60 million passengers now passing through Changi Airport yearly, the aviation sector would continue to be a key contributor to Singapore’s. (Bernama)

With IPO rules reboot, Hong Kong is primed for 2018’s big China technology listings
With big Chinese technology and internet initial public offerings potentially in the pipeline, Hong Kong’s decision to revamp its IPO rules could tip the balance in its favour as it battles for China listings with New York. “Companies are increasingly more positive on Hong Kong as a preferred listing destination,” said Mervyn Chow, the co-head of investment banking and capital markets, Asia-Pacific, and Greater China chief executive at Credit Suisse. The Hong Kong stock exchange said on Friday it would propose rule changes to allow dual-class shares on the main board, with a formal public consultation to be launched as early as the first quarter of 2018. The overhaul in listing regulations could be the city’s most drastic in three decades. (SCMP)