Malaysia Morning News For April 12

Malaysia Morning News For April 12

Malaysia morning news

Huge potential in southern Thailand-Malaysia cross-border trade
The cross-border trade between southern Thailand and Malaysia has the potential to grow about 400,000 20-ft equivalent unit (TEUs) of cargo per annum.
The Star Online

Cashless society can help combat corruption
Permodalan Nasional Bhd group chairman Tan Sri Abdul Wahid Omar said Monday that immobilizing large currency notes could help move Malaysia towards a crimeless and corruption-less society, according to New Straits Times Online report on Monday.
– Thai PBS

Relocation of eight air bases to cost RM2.7bil
TRX City Sdn Bhd, which is the developer of the Kuala Lumpur Air Base (PUKL) relocation project, including eight other locations, costing RM2.7bil, is confident the project will be ready by year-end.
The Star Online

Indonesia, Malaysia to fight discriminatory EU palm oil resolution
Malaysia and Indonesia, in the interest of pursuing mutual respect and equal opportunity for palm oil trade, will press on for the European Union (EU) to reject the discriminatory terms passed in a recent European Parliament on a new oil palm resolution that will hurt tens of millions of tropical farmers’ livelihoods.
New Straits Times

FT minister: More affordable housing units to be made available to public
More Federal Territory Affordable Housing (Rumawip) units will be offered to the people this year and beyond.
Malay Mail Online

Malaysia to become marketing hub for electric vehicles, minister says
Malaysia is moving towards becoming a marketing hub for electric vehicles and is targeting 100,000 electric cars, 100 electric motorcycles, 2,000 electric buses and 125,000 charger stations to be in the country by 2030.
Malay Mail Online

Foreign selldown of M’sian bonds fastest in March
Foreign investors dumped a whopping RM26.2 billion in Malaysian bonds in March 2017 — the biggest monthly sell-off since the data was collated by Bank Negara Malaysia (BNM) in 2011.
— The Edge Markets

Malaysia’s CIMB sets up fintech unit
Malaysia’s CIMB Group Holdings has created a standalone unit to develop innovative banking solutions using financial technology.
Nikkei Asian Review

EC clarifies solar project awards
The Energy Commission (EC), which has come under unwarranted attention for awarding large-scale solar power plant projects to lesser known companies with little expertise in the field, said a bidder prepared to supply electricity at the least cost was the primary criteria.
The Star Online

CIMB Research retains Hold on WCT, ups target price
CIMB Equities Research remains upbeat on WCT Holdings Bhd’s infra outlook but this is offset by property sales risks.
The Star Online

ECER creates 140,000 job opportunities, pulls in RM101bil investments
The East Coast Economic Region (ECER) has created more than 140,000 job opportunities and 24,000 entrepreneurs through its ECER-SIRIM programme.
New Straits Times

Rehda urges Malacca to lift blanket restriction on residential property prices
The state’s Real Estate and Housing Developer’s Association (Rehda) wants the state government to lift its blanket restriction on residential property prices other than affordable homes.
New Straits Times

Malaysia, Singapore police team up to battle new trend in drug smuggling
Police in Malaysia and Singapore have detected new tactics used by cross-border drug traffickers in the region which is to smuggle and distribute drugs through the Internet.
Malay Mail Online

MACC ready to probe improper issuance of E-cards to immigrants
The Malaysian Anti-Corruption Commission (MACC) is prepared to investigate the issuance of the enforcement card (E-card) to illegal immigrants, allegedly not according to the established procedures.
Malay Mail Online

MY: Eco World buys 80% in Salcom to develop project in Melbourne
Malaysia’s Eco World International Bhd (EWI), that recently listed on Bursa Malaysia, on Monday announced that it will acquire 80 per cent stake in Australia’s Salcom Development for AUD 120,000 ($90,010) mainly to take part in a mixed development project in Melbourne, Australia.
— Deal Street Asia

Malaysian minister urges probe of fund transfers to North Korea
Malaysia should investigate the possible transfer of funds to North Korea’s leadership, the deputy home minister said on Tuesday, after Reuters reported that the head of a Malaysian conglomerate had for years funneled cash to

Malaysia lawyers express concern over ‘unprecedented’ spate of disappearances
The Malaysian Bar issued a statement on Tuesday (Apr 11) to express its concern over the “unprecedented mysterious disappearances” of Malaysians reported in the media, which have taken place in separate incidents since November 2016.
Channel NewsAsia

Ringgit opens slightly higher
The ringgit opened slightly higher against the US dollar on mild buying support, a dealer said.
New Straits Times


Feature photo Tourism Malaysia
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Malaysia morning news is published M-F by AEC News Today: Governance, not government; policies not politics.




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