Malaysia Morning News For April 25

Malaysia Morning News For April 25
Estimated Reading Time: 4 minutes |

Malaysia morning news

Malaysia agrees to pay Abu Dhabi $1.2b towards 1MDB debt settlement
Malaysia reached an agreement to pay Abu Dhabi about $1.2 billion as settlement over the debt of embattled government fund 1Malaysia Development Bhd.
Deal Street Asia

CEO: Malaysia Airlines may become biggest turnaround in history
Peter Bellew, the chief executive officer of Malaysia Airlines, feels what he is doing with the airline is probably the greatest turnaround in business history.
Free Malaysia Today

What’s Behind The New China-Malaysia Defense Committee?
During his weekend visit to Beijing, Malaysian Defense Minister Hishammuddin Hussein announced that a new high-level defense committee would be set up between Malaysia and China to boost cooperation.
— The Diplomat

1MDB and IPIC reach agreement over US dollar bonds
1Malaysia Development Bhd (1MDB) and Abu Dhabi’s sovereign wealth fund, International Petroleum Investment Company (IPIC) have reached an agreement over arbitration proceedings involving two US dollar bonds amounting to US $3.5bil.
The Star Online

Malaysia has overcome economic challenges – King
Yang di-Pertuan Agong Sultan Muhammad V said the Malaysian Government had managed to overcome external pressures on the economy, especially in dealing with the ringgit’s depreciation, Bernama reported today.
The Edge Markets

Ringgit higher against US$ early Tuesday
The ringgit opened higher against the US dollar today as the greenback eased against the major currencies on the back of optimism on the euro following the first round result of French election.
The Star Online

Affin aims to seal AAGI deal by Aug 5
AFFIN Holdings Bhd expects to finalise the acquisition of an additional 16 per cent stake in AXA Affin General Insurance Bhd (AAGI) from Felda Marketing Services Sdn Bhd (FMS) before August 5.
New Straits Times

Despite Problems Facing Country, Malaysia Is Consolidating Its Position In Global Healthcare
Despite other problems facing the country, Malaysia is managing to consolidate its position at the forefront of global healthcare.
Frontera News

Majority of Malaysians want to own a home in next 6 months
More than half of Malaysians surveyed want to own a home within the next six months, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda).
The Star Online

KPJ Healthcare ‘neutral, Public Bank ‘buy’, Cocoaland ‘hold’, BAT ‘sell’
KPJ Healthcare Bhd’s proposed share split exercise is expected to improve the trading liquidity of the company and appeal to a wider base of public shareholders, according to PublicInvest Research.
The Star Online

Thailand, Indonesia, and Malaysia Digital and Computed Radiography Market Report 2017: 
Research and Markets has announced the addition of the “Digital and Computed Radiography in Thailand, Indonesia, and Malaysia, Forecast to 2021” report to their offering
Business Wire

Malaysia launches a special blueprint for Malaysian Indians
A specially-tailored blueprint has been launched by the Malaysian government to empower Indian community in Malaysia over the next ten years, The Star Online reported on Sunday.
Thai PBS

Sarawak govt proposes abolishment of cabotage policy
The Sarawak government has proposed to the federal government to abolish the cabotage policy which requires all goods to enter the state through Port Klang.
Malay Mail Online

Penang Umno: State govt’s proposal to hike water consumption surcharge will burden people
The proposal by the DAP-led Penang government to once again raise rates on domestic water consumption surcharge on the grounds of water conservation is not fair and will burden users, said the state Umno liaison committee chairman Datuk Seri Zainal Abidin Osman.
Malay Mail Online

Pilgrims to fly in style with Malaysia Airlines’ six Haj charter jets
Malaysia Airlines Bhd’s (MAB) chief executive Peter Bellew has revealed more details on the flag carrier’s plan to offer charter flights for Muslims to perform the Haj and Umrah pilgrimages in Saudi Arabia.
Malay Mail Online

 

Feature photo Mohamed Shaaz
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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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