Malaysian anti-piracy officers smashed an illegal disc burning laboratory that could have churned out 18 million DVDs per year, an industry group said Tuesday. Domestic Trade Ministry authorities raided a house in a Kuala Lumpur suburb Friday and arrested four people working in a secret laboratory, said Edward Neubronner, the Motion Picture Association's Singapore-based director of operations for the Asia-Pacific region. Some 340 optical disc burners were seized, crippling an operation that had the potential to produce 18 million DVDs per year with a revenue of about US$52 million (?35 million), Neubronner told The Associated Press. It was the biggest seizure of DVD burners in a single raid in Malaysia , Neubronner said. The officers, who had been tipped off by an informant, also found over 1,300 DVDs, including recent Hollywood hits such as "Ratatouille," "Resident Evil: Extinction" and "30 Days of Night." The laboratory was suspected to … [Read more...] about Malaysia smashes major pirated DVD laboratory
Malaysia
Vietnam resume meeting with Malaysia at AFC Futsal finals Most Recent News
NDO – Vietnam will have the chance to avenge their humiliating 1-5 defeat to Malaysia at the recent 2017 AFF Futsal Championship, as the draw has placed the two teams into the same group in the finals of the 2018 AFC Championship, scheduled to take place in Chinese Taipei next February. >>> Beaten in semifinals, Vietnam face Myanmar in third-place playoff >>> Beating Japan on penalties, Vietnam books first-ever place at Futsal World Cup >>> Historic milestone for Vietnam’s futsal team The draw ceremony, on December 12, saw Vietnam drawn in Group A, alongside Malaysia, Bahrain and the host, Chinese Taipei. Japan, one of the futsal powers in Asia, will face Uzbekistan, the Republic of Korea and Tajikistan in Group B, while reigning Asian champions Iran join Iraq, China and Myanmar in Group C. In Group D, Thailand will compete against Kyrgyzstan, Lebanon and Jordan, which is considered as an easy group for the defending Southeast Asian … [Read more...] about Vietnam resume meeting with Malaysia at AFC Futsal finals Most Recent News
Malaysia, Mexico potential markets for Vietnam rice
Malaysia, Mexico potential markets for Vietnam riceThuy Dung By Thuy Dung - The Saigon Times Daily HANOI – Malaysia and Mexico as members of the Trans-Pacific Partnership (TPP) agreement will become potential markets for Vietnamese rice as tariffs on the staple food are removed in line with the trade pact. Currently, Pacific Rim countries impose high export tariffs on rice. According to a report by the Ministry of Agriculture and Rural Development, Vietnam’s rice export shipments reached 6.59 million tons valued at US$2.8 billion last year, up 4% in volume but down 4.5% in value versus 2014. The average export price stood at US$425.6 per ton, down 8.2% against the previous year. China remained Vietnam’s biggest rice importer in 2015, accounting for 30% of the total, with a rise of 4.8% in volume and a drop of 3.6% in value. Last year saw higher rice exports to Indonesia (up two times in volume and 77% in value), Ghana (up 13.6% in volume and 5.2% in value) … [Read more...] about Malaysia, Mexico potential markets for Vietnam rice
Malaysia requires reports of digital currency transactions
Kuala Lumpur (VNA) – TheCentral Bank of Malaysia (BNM) initiated a policy compelling digital currencyexchangers to report their activities, reported The Star newspaper on December15.Under the new policy, digitalcurrency exchange operators will be categorised as reporting institutions underthe Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of UnlawfulActivities Act 2001.In a statement, the bank stressedthat the invocation of reporting obligations on digital currency exchangers isthe first step towards making digital currency activities more transparent inMalaysia.The BNM reiterated its stand in 2014 thatdigital currency, including bitcoin and other crypto-currency types, is notlegal payment methods in Malaysia.-VNA The Central Bank of Malaysia (BNM) initiates a policy compelling digital currency exchangers to report their activities (Photo: AFP/VNA) … [Read more...] about Malaysia requires reports of digital currency transactions
Malaysia enhances marine security forces
Kuala Lumpur (VNA) – About 500 members of Malaysian People’s Volunteer Corps(Rela) will be deployed to assist in monitoring security in Eastern SabahSecurity Zone (Esszone) from January 2018.Speaking at aworking session with the East Sabah Security Command (Esscom), Malaysian DeputyPrime Minister Ahmad Zahid Hamidi said Rela members will support the country’smilitary, police and the Malaysia Marine Enforcement Agency of Esscom to ensurethe region’s security. Zahid also laudedEsscom as there was no abduction in the Esszone since the start of the year.The Malaysian Government will continue to increase assistance for Esscom toimprove security, he added.Esszone is theregion with various tourist destinations and resorts in the east of Malaysia’sSabah state, the nearest state to the Philippines. Many kidnappings for ransomtook place in the area, which was launched by militant group Abu Sayyaf basedin southern Philippines.-VNA Malaysian Deputy Prime Minister … [Read more...] about Malaysia enhances marine security forces
McDonald’s Malaysia lodges police report over boycott calls
Gerbang Alaf, the local operator of McDonald's Malaysia, said on Thursday (Dec 14) that the report was lodged primarily to protect the livelihood of 12,000 employees and safeguard against a possible threat of damage to the company’s property.Gerbang Alaf added that it also had the right to seek compensation from boycotters as a result of the financial and business opportunity losses incurred.Managing director and operating partner Azmir Jaafar said the police report, which was lodged on Wednesday, was made against those who had spread baseless accusations about the fast food giant on social media and other platforms.Speaking at a press conference on Thursday, he said that an official complaint has also been lodged with the Malaysian Communications and Multimedia Commission and that it was now up to the authorities to investigate.He added that Gerbang Alaf has also sought the counsel of the federal territory’s mufti office, who said that the call for a “compulsory … [Read more...] about McDonald’s Malaysia lodges police report over boycott calls
Malaysia Airlines raises HCMC-Kuala Lumpur frequency
By Mong Binh - The Saigon Times Daily HCMC - Malaysia Airlines has added five flights to its HCMC-Kuala Lumpur schedule, raising the total weekly flights on this route to 19. Saisi said in a statement obtained by the Daily over the weekend that Malaysia Airlines was committed to Vietnam, a resilient market that still posted encouraging growth of 8.4% last year when the global airline industry was hit hard by economic downturn. With the 19 weekly flights on this route, the carrier now operates three flights every day on this route except Fridays and Sundays when there are two flights each. The additional flights are scheduled to depart from HCMC at 7.35 p.m. on Mondays, Tuesdays, Wednesdays, Thursdays and Saturdays, and arrive in Kuala Lumpur at 10.30 p.m. local time, which is one hour ahead of Vietnam’s local time.Malaysia Airlines’ partnership with Vietnam goes back to 1990 when it launched its first service to this country. “At that time, we operated twice weekly … [Read more...] about Malaysia Airlines raises HCMC-Kuala Lumpur frequency
Vietnam resume meeting with Malaysia at AFC Futsal finals
NDO – Vietnam will have the chance to avenge their humiliating 1-5 defeat to Malaysia at the recent 2017 AFF Futsal Championship, as the draw has placed the two teams into the same group in the finals of the 2018 AFC Championship, scheduled to take place in Chinese Taipei next February. >>> Beaten in semifinals, Vietnam face Myanmar in third-place playoff >>> Beating Japan on penalties, Vietnam books first-ever place at Futsal World Cup >>> Historic milestone for Vietnam’s futsal teamThe draw ceremony, on December 12, saw Vietnam drawn in Group A, alongside Malaysia, Bahrain and the host, Chinese Taipei.Japan, one of the futsal powers in Asia, will face Uzbekistan, the Republic of Korea and Tajikistan in Group B, while reigning Asian champions Iran join Iraq, China and Myanmar in Group C.In Group D, Thailand will compete against Kyrgyzstan, Lebanon and Jordan, which is considered as an easy group for the defending Southeast Asian champions.In … [Read more...] about Vietnam resume meeting with Malaysia at AFC Futsal finals
Malaysia, Thailand, Indonesia launch currency framework
The frameworks follow a pact between the three members of the Association of Southeast Asian Nations, or a 10-country bloc also known as Asean, signed in 2015 aimed at promoting cross-border trade and investments.Last year, trade within Southeast Asia contributed $521 billion, or 23.5% of total trade, while intra-Asean investments rose to a record level of $24 billion in 2016, accounting for 25% of total foreign investment flows into the region."Intra-Asean partnership is critical for regional integration in support of our economies and financial systems," said Bank Negara Malaysia Governor Muhammad Ibrahim. "We expect this to be strengthened further, supported by the strong growth of intra-Asean trade."Malaysia's bilateral trade volume totalled $13.8 billion with Indonesia and $13 billion with Thailand in 2016. However, only 5.8% and 11.4% of Malaysia's trade with Indonesia and Thailand, respectively were settled in local currencies, Muhammad noted.Economists said the nascent move … [Read more...] about Malaysia, Thailand, Indonesia launch currency framework
Malaysia, Indonesia, Thailand set up currency settlement frameworks
The Bank Negara Malaysia (Photo: malaysiandigest.com) Kuala Lumpur (VNA) - The central banks ofMalaysia, Indonesia and Thailand established local currency settlement frameworkson December 11 to promote trade and investment activities.The three banks said in a joint statement that theframeworks are applied between Bank Negara Malaysia (BNM) and Bank Indonesia(BI), and between Bank of Thailand (BOT) and BI, as part of efforts to promotewider use of local currencies to facilitate trade and investment in thesecountries.The framework establishment marks a key milestone instrengthening regional financial cooperation between the BI, BNM and BOT, itadded.All three currency settlement frameworks for rupiah-ringgit,rupiah-baht and baht-ringgit will be effective from January 2, 2018.BNM Governor Muhammad Ibrahim said that Indonesia andThailand are important partners to Malaysia both in trade and directinvestment. He hopes to see increasing use of the three countries’ … [Read more...] about Malaysia, Indonesia, Thailand set up currency settlement frameworks