Government Cancels AES Summonses Owed, Says It Will Be The First Time & Also The Last
This week, Transport Minister Anthony Loke said that as part of the Pakatan Harapan’s 100-day pledge, the Cabinet has decided that summons issued since 2012 will be cancelled, meaning that a total of 3.1 million Automated Enforcement System (AES) summons worth RM435 million, from 2012 to Aug 31, 2018 will be waived.
He mentioned, however, that there would no further discounts beyond September 1, explaining that this would be a one-off deal, and that summonses already paid would not be eligible for refund due to them already paid to concessionaires appointed by the previous government.
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WeChat Launches Its E-Wallet Alongside Free Money Packets
Finally launching in Malaysia is WeChat Pay My, the e-wallet component of the Chinese communications app that has become so popular here in Malaysia. With its launch, WeChat officially joins the fast-growing list of active e-wallet providers in Malaysia.
As a means to entice users to its platform, WeChat is also giving out free Money Packets to all its users between August 21 to 28, with amounts ranging from RM3.88 to RM88.88. The Money Packet is WeChat’s own take on peer-to-peer payments, which also comes alongside the Quick Pay QR code payment feature.
Image Credit: Free Malaysia Today
Proton & Geely To Set Up Factory In China And Penetrate The Chinese Market
Having seen 24 million passenger cars sold in China in 2017 alone, Proton and partner Geely have signed a deal that will see both automobile manufacturers set up a manufacturing plant in China, with both companies taking up equal equity in the joint venture.
This marks the start for Proton to potentially make headway into various international markets, with the agreement also allowing Proton access to Geely’s automobile technologies. The portfolio of cars to be made for the Chinese market will be based on Geely’s current platforms, and the joint venture will aim to be incorporated in 2019 subject to regulatory approvals.
Image Credit: PCA Group
Maxis Launches Cheaper Broadband Plans
With an eye on becoming more competitive, Maxis have launched new fibre broadband plans for consumers and businesses, with prices up to 65% lower than previous plans and speeds going up to 100Mbps.
According to Maxis, this was in line with the Malaysian government’s initiative to encourage faster speeds at more competitive prices for all. Prices for the new plans begin from as low as RM89, with consumer plans coming with unlimited Internet.
Image Credit: Selangor Press
Dr. M Cancels ECRL Amid Concerns Over Malaysia’s Money Problems
Citing difficult fiscal conditions, PM Mahathir this week announced the cancellation of the East Coast Rail Link (ECRL) as well as two pipeline projects. The 600.3km ECRL was projected to complete in two separate phases and link Khota Bharu in Kelantan all the way to Port Klang in Selangor.
Now with the project being cancelled, Malaysia has apparently notified China of its decision but not without the possibility of souring relations between the two nations. The ECRL was a strategic element of China’s One Belt, One Road initiative, and it remains to see if any further developments arise out of this decision.
Feature Image Credit: The Vocket