Malaysia Morning News For April 10

Malaysia Morning News For April 10
Estimated Reading Time: 4 minutes |

Malaysia morning news

Report: New tourism tax could hurt hotel operators
A new tourism tax bill passed by Parliament last week could hurt hotel owners, including Genting Malaysia Bhd and Sunway Real Estate Investment Trust (REIT), CIMB Research said in a report.
The Star Online

WEF ranks Malaysia second in region for tourism edge
Malaysia has placed 26th out of 136 countries measured in the World Economic Forum’s (WEF) Travel and Tourism Competitiveness Report 2017, the second highest in the region.
Malay Mail Online

Minister denies government weighing bump to retirement age
Putrajaya has no plans to extend the mandatory retirement age by another five years, said Datuk Seri Rohani Abdul Karim.
Malay Mail Online

Ringgit slightly lower against US dollar
The ringgit was slightly lower against the US dollar today on lower demand for the local note, a dealer said.
New Straits Times

Banks seen on new growth trajectory
Analysts more positive amid optimism on economy, bottoming out of sector’s earnings. THE tide is changing for the banking sector on optimism about Malaysia’s economy and the bottoming out of the sector’s earnings.
New Straits Times

Mazda sees Malaysia as springboard to Asean
Mazda Malaysia Sdn Bhd, a 30%-owned associate of Bermaz Auto Bhd, is eyeing a larger slice of the pie in the Asean markets, as the automotive firm targets to export the locally assembled CX-5 to Cambodia, Indonesia and Myanmar in the second half of this year.
The Edge Markets

Obor lights the way to China
The newly established non-governmental organisation, One Belt One Road Association Malaysia (Obor), is set to provide the platform for Malaysian entrepreneurs to take advantage of China’s initiatives on the development of
Silk Road Economic Belt and the 21st century Maritime Silk Road.
The Star Online

Only 45 pct Malaysians have investment accounts with PNB
Only 45 per cent out of close to 30 million Malaysian population have at least one account in unit trusts managed by Permodalan Nasional Malaysia Bhd (PNB).
New Straits Times

PNB targets 150,000 new investors during MSAM 2017
Permodalan Nasional Bhd (PNB) is targeting to sign up least 150,000 new investors during the Malaysian Unit Trust Week 2017 (MSAM 2017), which will be held here from April 20-25.
New Straits Times

How Malaysian politicians use big data to profile you
At Invoke’s office here with hip double-decker cubicles, twenty-somethings crunch data, which range from basic demographics to one’s preferred choice of prime minister, so political parties can profile voters and target fence-
sitters.
Malay Mail Online

MAVCAP set to hit $50m first close for Meranti Fund, Elixir-partnered Islamic Fund
Malaysia Venture Capital Management Bhd (MAVCAP) plans to announce a $50 million first close for two of its funds that will be launched this year — Asean Growth Fund (Meranti Fund) and Global Islamic Economy Fund, and the combined size of the two vehicles will be about $450 million, a top executive with the government-owned venture capital firm told this portal in an interaction.
Deal Street Asia

Malaysia ahead of Thailand in WEF’s travel and tourism competitiveness index
Malaysia is ranked higher than Thailand in the Travel and Tourism Competitiveness Index 2017 by the World Economic Forum (WEF).
The Star Online

PublicInvest Research sees fair value for Eversafe Rubber at 40 sen
PublicInvest Research has accorded a fair value of 40 sen for soon-to-be-listed Eversafe Rubber Bhd, which is four sen above its offer price of RM1.36.
The Star Online

Bosses see red over flawed online application
Employers are at their wits’ end as to how to go about with the online registration for foreign workers which came into force on April 1.
Malay Mail Online

48 flights at Sibu Airport cancelled after Malaysia Airlines plane skids off runway
More than 3,500 people were stranded at the Sibu Airport in Sarawak on Sunday (April 9) after flights were cancelled to make way for the removal of a Malaysia Airlines’ flight MH2718 which skidded off the runway upon landing Saturday night.
Today Online

Malaysia and the Arab world – the past and present
Over the decades, Malaysia has become known in the Middle East as a successful model of a Muslim country.
New Straits Times Online

 

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Vat Vin

Vat Vin

Vat Vin graduated from the University of Cambodia with a major in Economics. He previously worked as a business writer and journalist at Business Cambodia and as a copy writer at The Source and Solution Group before joining AEC News Today.
Vat Vin

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