Malaysia Morning News For April 17

Malaysia Morning News For April 17

Malaysia morning news

Net foreign buying on Bursa dips to RM239.9m
Foreign purchases on Bursa Malaysia continued at a measured pace in the week ended April 14 at RM239.9mil, which was significantly lower from the RM645.3mil the week before, says MIDF Research.
– The Nation

Luxury property owners taking up to 30pc cut just to seal the deal
A growing glut in the luxury property segment here is pushing some owners to shave nearly a third off their asking prices in order to secure a sale or rental.
– The Malay Mail Online

StanChart offers leveraged financing in Malaysia
Standard Chartered has become the first foreign retail bank to offer Wealth Power in Malaysia – a form of leverage financing that enables investments to be amplified between 1.5 and 9 times.
– Hubbis

MAICCI to crystallise M’sia-India business deals worth RM159bil
As the dust settles from the recent official visit by the Prime Minister Datuk Seri Najib Tun Razak to Chennai and New Delhi, the Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI) is taking steps to crystallise the various business arrangements that were signed during the trip
– The Star Online

SMBC deal aims to promote Japanese investment in Malaysia
Sumitomo Mitsui Banking Corp. has partnered with the Malaysian government to encourage Japanese companies to invest in the Southeast Asian country.
– Nikkei Asian Review

Petronas to expand LNG portfolio in China
Petronas is set to expand its liquefied natural gas (LNG) business in China, extending its reach to the country’s southern region while looking to expand the volume of supply to its existing buyers.

IRB spells out the ‘hardcore defaulters’ liable for 100pc penalty
Under fire for a 100 per cent penalty on tax dodgers starting next year, the Inland Revenue Board (IRB) said today the drastic measure was a way to deal with taxpayers who are “hardcore tax law defaulters”.
– The Malay Mail Online

Ministry challenged to increase contribution to GDP to 5%
The Ministry of Agriculture and Agro-based industry is being challenged to increase its share of the country’s Gross Domestic Product to 5% before the end of Eleventh Malaysia Plan in 2020.
– The Star Online

Government talks trade with Malaysia
Trade Minister Todd McClay is set to meet with his Malaysian counterpart in a bid to talk-up New Zealand’s tourism investment potential.
– Newshub

Wee: Mega projects, mega gains
Engineers in Malaysia have been urged to take advantage of the opportunities from the RM144bil worth of projects inked by China, Saudi Arabia and India with the Malaysian Government.
– The Star Online

RM100,000 fine proposed for illegal cigarettes, liquor
here is a proposal to amend Section 135(1) of the Customs’ Act 1967 to raise the fine to a minimum of RM100,000 for offences related to cigarettes or liquor.

Nestlé eyes Malaysian mothers with e-commerce campaign
Nestlé Malaysia’s has launched its ‘Wellness Together-Gather’ e-commerce campaign, which sees the company striking brand partnerships with e-retailers such as Lazada, 11street and Gemfive.
– Marketing-Interactive

Buck up on investment returns, Shahrir tells FGV, FIC
The Federal Land Development Authority (Felda) wants better investment returns from its two subsidiaries — Felda Global Ventures Bhd (FGV) and the Felda Investment Corp (FIC) — to benefit its settlers more.
– The Malay Mail Online

Culinary academy ties up with top schools in Malaysia
Creating breathtaking courses and mouthwatering dishes takes talent, but establishing and keeping it as a profitable business would need a whole new set of skills altogether.
– ManilaStandard


Feature photo Tourism Malaysia
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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.

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