Malaysia Morning News For April 11

Malaysia Morning News For April 11
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Cambodia morning news roundup

Malaysia morning news

‘FIRE SALES’ AT PETRONAS TO RAISE CASH FOR NAJIB REGIME? OIL MAJORS EYE STAKE IN OFFSHORE SARAWAK GAS FIELD
Petroliam Nasional Bhd’s (Petronas) proposed sale of a stake in a gas field offshore Sarawak has attracted the attention of several oil majors, with bids expected in the next few weeks.
Malaysia Chronicle

BNM’s foreign reserves to remain stable, currently at US$95.4 billion
Bank Negara Malaysia (BNM)’s foreign reserves are likely to remain stable thanks to measures taken to develop the onshore forex market, and the country’s trade surplus position in the first half of the year, said
economists.
New Straits Times

SMEs now form 36% of M’sian economy: Domestic Trade Ministry
Small and medium enterprises (SMEs) comprised 36.3 per cent of the Malaysian economy in 2015, up from 29.6 per cent 10 years ago; and SME growth consistently outpaces the country’s overall GDP growth.
New Straits Times

Foreign funds slow down
Bursa Malaysia is seeing signs of a softening momentum after weeks of outperformance that saw it reaching its highest level in almost two years, largely due to foreign buyers.
The Star Online

UTM eyes top 50 in global rankings by 2020
Universiti Teknologi Malaysia (UTM) is on track to realise its aspiration to be recognised as a world-class centre of academic and technological excellence.
Malay Mail Online

Malaysia seizes 18 rhino horns from Mozambique
Malaysian authorities said on Monday that they have seized 18 rhino horns believed to have been smuggled into the country from Mozambique.
Bangkok Post

Oil majors eye Petronas’ stake
Petroliam Nasional Bhd’s (Petronas) proposed sale of a stake in a gas field offshore Sarawak has attracted the attention of several oil majors, with bids expected in the next few weeks.
The Star Online

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Prasarana to go into debt market again
Prasarana Malaysia Bhd president and group chief executive officer Datuk Seri Azmi Abdul Aziz said the group will be raising additional debt in a few weeks
to fund its ongoing projects.
The Star Online

HLIB Research turning more positive on Dayang
Hong Leong Investment Bank (HLIB) Research is turning more positive on Dayang as FY17 will be a stronger year for the company and it raised its target price from RM1.04 to RM1.42.
The Star Online

BNM reserves to remain stable: economists
Bank Negara Malaysia’s foreign reserves are likely to remain stable with the measures to develop the onshore forex market and the trade surplus position in the first half of the year, said economists.
New Straits Times

Cashless society can help curb corruption: PNB’s Wahid Omar
Immobilising large currency notes could help move Malaysia towards a crime-less and corruption-less society, said Permodalan Nasional Bhd group chairman Tan Sri Abdul Wahid Omar.
New Straits Times

MP urges Putrajaya action as Singapore bars lawyers from Malaysians on death row
The Malaysian government must intervene over Singapore’s refusal to let lawyers confer with two Malaysians sentenced to die there, said PKR MP N. Surendran.
Malay Mail Online

Felda signs Corruption Free Pledge
The Federal Land Development Authority (Felda) yesterday signed a Corruption Free Pledge (IBR) to ensure the agency is free from corruption.
Malay Mail Online

DPM: Don’t dispute efforts to improve Islamic legal system
Datuk Seri Dr Ahmad Zahid Hamidi has asked all parties not to dispute efforts to improve the legal system to uphold Islam.
Malay Mail Online

Petronas pitches $1b offshore gas project stake to Shell, ExxonMobil, PTTEP, others
Malaysia’s Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell, ExxonMobil Corp, Thailand’s PTT Exploration and Production and Japanese firms, sources familiar with the matter said.
Deal Street Asia

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Malaysian firm’s station deemed security threat
The Foreign Ministry has confirmed that a landing station for a large underwater optic cable with 400 GB bandwidth owned by Sacofa, a Malaysian-based communications company, in Anambas, Riau Islands, violates international maritime law.
— The Jakarta Post

US slaps sanction on Malaysian terrorist
The United States Treasury has imposed a sanction on a Malaysian terrorist high on the local police’s wanted list, Muhammad Wanndy Mohamed Jedi.
The Straits Times

 

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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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