Malaysia Morning News For April 20

Malaysia Morning News For April 20

Malaysia morning news

Malaysia’s inflation up 5.1% on higher cost of fuel
Higher fuel prices sent the rate of inflation for March soaring to its highest level in nearly nine years, with the consumer price index (CPI) rising 5.1%.
The Star Online

Malaysia Airlines to track planes with satellites
Malaysia Airlines has become the first carrier to sign up to a new satellite flight tracking system for its fleet.

Malaysia: AirAsia buys 50% in online travel planner Touristly, injects $2.61m
Malaysian budget carrier AirAsia Bhd ​is acquiring a 50 per cent stake in online travel planner Touristly Travel Sdn Bhd through an asset injection and loan deal valued at $2.61 million (MYR11.5 million).
Deal Street Asia

Malaysia to see 20% digital economy contribution to GDP sooner
Malaysia’s digital economy contribution to the gross domestic product (GDP), which currently stands at 17.8%, is likely to achieve its 2020 target of 20% earlier than expected.
The Edge Markets

Malaysia’s Public Sector Home Financing Board issues RM3.25b sukuk
Malaysia’s Public Sector Home Financing Board had today issued up to RM3.25 billion worth of Islamic bonds or sukuk to finance the provision of housing loans to the public sector employees.
The Edge Markets

Trump’s policy bad news for Malaysia, says research house
Rising US protection will have a significant impact on Malaysia’s gross domestic product (GDP), according to Standard Chartered Global Research.
Free Malaysia Today

Malakoff profits ease despite higher revenue
Malakoff Corp Bhd’s net profit eased 21 per cent to RM355.5 million in the year ended Dec 31, 2016, despite posting higher revenue.
New Straits Times

Modenas to enter street bike market: DRB-HICOM
DRB-HICOM Bhd’s motorcycle arm, Motosikal Dan Enjin Nasional (Modenas), is venturing into the street bike sector via a pact with India’s Bajaj Auto Ltd(BAL).
New Straits Times

Automotive industry to see gradual recovery
The automotive sector is expected to recover gradually amidst a strengthening of the Malaysian ringgit and an improvement in consumer spending, according to Affin Hwang Capital Research.
The Star Online

MMHE eyes RM4bil contracts
Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) is targeting to secure some RM4bil in new contracts this year, even as some of the jobs that it had eyed earlier were deferred due to the low price of crude oil.
The Star Online

With the rise of fake news, Najib warns against ‘lies’ about Malaysia
Far from being a failed state, Datuk Seri Najib Razak said Malaysia is a thriving country that attracts huge investments and has been acclaimed by global institutions such as the World Bank and International Monetary Fund for the reforms undertaken.
Malay Mail Online

Petrol, diesel prices up
Retail prices for RON95 petrol and diesel will increase by 3 sen and 5 sen respectively tomorrow.
Malay Mail Online

Malaysia Airlines signs up for minute-by-minute plane tracking
Malaysia Airlines has signed up to a new system to track its planes minute-by-minute, three years after the unexplained disappearance of one of its aircraft carrying 239 people, the providers of the satellite-based system said in a statement.
New Straits Times

Meeting the needs of medical tourism
Hospitality is more vital than ever in the healthcare industry, thanks to the growth in medical tourism.
New Straits Times

Najib: Bumi agenda not ‘zero-sum’, won’t sideline others
The federal government’s blueprint to uplift the Bumiputera community is not at the expense of Malaysia’s remaining ethnic groups, Prime Minister Datuk Seri Najib Razak said today.
Malay Mail Online

Public Service Dept drafting master plan to meet TN50 vision, says D-G
The Public Service Department (PSD) is in the process of drafting its Management and Human Resource Development Master Plan 2050 which outlines the expertise and skills needed for the Transformasi Nasional 2050 (TN50) vision.
Malay Mail Online

Malaysia listens to the people — but how closely?
Malaysia is embarking on a grand experiment as the writing of the government’s Transformasi Nasional 2050 document kicks into full swing.
Nikkei Asian Review


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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