Malaysia Morning News For April 14

Malaysia mulls enforcing cap on foreign insurer ownership
Malaysia is weighing tougher enforcement of a cap on foreign ownership of insurers as it seeks to boost local participation in the industry, people with knowledge of the matter said.
– FMT News/ Bloomberg
Malaysia enjoying solid economic growth, says Wee

Malaysia’s February trade figure of RM134.83bil is almost one-third higher than that achieved in the same period last year, said Minister in the Prime Minister’s Department Datuk Seri Dr Wee Ka Siong.
– The Star Online

World Bank expects Malaysia to post 4.3% GDP growth
The World Bank expects Malaysia’s to record a modest gross domestic product (GDP) growth of 4.3% this year from 4.2% in 2016, driven by private consumption.
– FMT News/ Bloomberg

HSBC Malaysia sees slower loan growth
Loan growth in the Malaysian banking industry will be at a more moderate level this year compared with previous years, said HSBC Bank Malaysia Bhd.
– The Edge

Number of ultra-high-net-worth Malaysians growing
KUALA LUMPUR: The ultra-high-net-worth individuals (UHNWIs) in Malaysia recorded a 3% increase in 2016 compared to a 15% decline in 2015, said Knight Frank’s Wealth Report 2017.
– The Star Online

Malaysia turns to China on first foray into robotics
Malaysia’s first foray into robotics technology is currently in the offing with help from Chinese expertise.
– New Straits Times

Prime land sold at a loss poser
Property consultants are puzzled over how one of the most prime pieces of land in Malaysia bought 10 years ago was sold at a loss.
– The Star Online

Malaysia Central Bank to Support Agencies Probing Flow of Funds to North Korea
Malaysia’s central bank said on Thursday it will support law enforcement agencies investigating the possible flow of funds to North Korea, after Reuters reported the North Korean head of a Malaysian firm had for years sent money to Pyongyang’s leadership.
– U.S. News & World Report/ Reuters

MALAYSIA GOVT CAUGHT LYING AGAIN – BECAUSE OF NAJIB: SWISS AG CONTRADICTS MINISTER, SAYS NO MLA REQUESTED
Malaysia did not request the Swiss government to assist in its investigations into SRC International, said the Office of the Attorney-General of Switzerland (OAG).
– Malaysia Chronicle

Malaysia lowers May crude palm oil export tax to 7% – govt circular
Malaysia, the world’s second-largest palm oil producer after Indonesia, will lower its crude palm export tax to 7% in May, down from 7.5% in April, according to a circular on the Malaysian Palm Oil Board website on Thursday.
– The Edge

First Online Telehealth Platform Debuts In Malaysia
DoctorOnCall.com.my debuts as Malaysia’s first online telehealth platform that connects patients with an extensive network of doctors and medical practitioners through the convenience of audio or video call.
– Malaysiandigest

Frost & Sullivan Recognizes Top Malaysian Companies at the 13th Annual Malaysia Excellence Awards
Frost & Sullivan today honored top Malaysian firms at the 13th annual Malaysia Excellence Awards banquet, held at the Hilton Kuala Lumpur.
– PR Newswire

SP Setia shares to be suspended
Property developer SP Setia Bhd has requested for the company’s shares to be suspended from 9am today, pending a material announcement.
– The Star Online

Malaysia launches traffic data platform
The Malaysian government has launched a platform which will help tackle traffic congestion and safety issues in the country, Digital News Asia reported today.
– GOVInsider

Heineken Malaysia downgraded to hold
Brewer Heineken Malaysia Bhd has been downgraded to a “hold” after reporting a weaker first quarter ended March 31, stemming from soft consumer sentiment.
– The Star Online

Bedtel to Offer Affordable Beds for Budget Travellers in Johor Bahru
Bedtel, the newly-launched youth-centric hotel located at the vibrant Bandar Seri Alam township in Johor Bahru will offer 312 clean and cosy beds starting from just RM30.
– PropertyGuru

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Malaysia Morning News For April 14 added by John Le Fevre on April 14, 2017
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.