Malaysia Morning News For April 26

Malaysia Morning News For April 26

Malaysia morning news

Takeover of Icon on hold, resistance from minority shareholders
UMW Oil & Gas Corp Bhd’s (UMW-OG) proposed takeover of Icon Offshore Bhd and Orkim Sdn Bhd is on hold.
The Star Online

Malaysia jumps up to 24th on Huawei Global Connectivity Index 2017
Malaysia jumped five notches to rank 24th (out of 50) on the Huawei Global Connectivity Index 2017 (GCI) released recently.
The Edge Markets

Advancecon postpones prospectus launch
Main Market-bound Advancecon Holdings Bhd has postponed the prospectus launch of its initial public offering (IPO) because of outstanding queries from the Securities Commission (SC).
The Star Online

KAG eyes more jobs to build data centres
Key Alliance Group Bhd (KAG) , which aims to launch e-commerce businesses in the Digital Free Trade Zone (DFTZ) in collaboration with Alibaba reseller RapidCloud, may secure more jobs to build data centres in Selangor.
New Straits Times

SC releases Msian Code on Corporate Governance
The Securities Commission has released the new Malaysian Code on Corporate Governance – a set of best practices to strengthen corporate accountability and transparency.
New Straits Times

PM: Affordable housing project proof Indian blueprint not ‘empty talk’
The government’s Residensi Pandanmas affordable housing project is proof that the Malaysian Indian Blueprint is not “empty talk”, Prime Minister Datuk Seri Najib Razak said today.
Malay Mail Online

Crucial to create supportive environment to retain women in workforce, panellist says
More initiatives need to be put in place to encourage women to stay in the workforce, a panellist at a forum said today.
Malay Mail Online

Malaysia cuts education budget, but Indonesia, Philippines spend more
Development expert says education is key to a nation’s progress and it is unwise for Malaysia to slash spending on education, including to universities.
Free Malaysia Today

Malaysia in 2050: Old, poor, sick and without children?
Malaysia’s aspiration to become a top 20 country in the world by 2050, under the 2050 National Transformation (TN50) initiative, will see a serious issue from a demographic perspective as experts ponder a possible ugly truth for the country where a majority of the population will be old, poor, sick and without children by then.
The Edge Markets

I-Bhd to launch more high-rise residential projects
Property developer I-Bhd plans to launch more high-rise residential developments within i-City later this year.
The Star Online

Maybank ‘hold’, Hartalega ‘buy’, Genting Plantations ‘hold’
CIMB Research said it has downgraded Malayan Banking Bhd (Maybank) to a “hold” from an “add” due to its strong share price performance in the year-to-date (YTD) that has outperformed the benchmark FTSE Bursa Malaysia KL Composite Index (FBM KLCI).
— The Star Online

Ringgit opens higher against US dollar
The ringgit extended its gains to open higher against the US dollar this morning as investors” appetite shifted to emerging currencies ahead of the US tax reform announcement, due later today.
New Straits Times

Nestle’s Q1 pre-tax profit rises to RM290.7m
Nestle (M) Bhd’s pre-tax profit for the first quarter (Q1) ended March 31, 2017 rose to RM290.74 million from RM275.86 million a year ago.
New Straits Times

Report: Islamic State angered by Wanndy’s failure to target Malaysia
Muhammad Wanndy Mohamed Jedi risks losing his position as the Islamic State’s (IS) Malaysian leader if he fails to carry out terror attacks here by year end, a report said.
Malay Mail Online

Education Ministry intensifies activities to prevent drug abuse among students
The Education Ministry, with the cooperation of government agencies and non- governmental organisations, is intensifying activities to curb drug abuse among school students.
Malay Mail Online

Can India and Malaysia Continue to Be Good Friends With Zakir Naik Lurking in the Background?
In India and Malaysia’s silence on Zakir Naik what has been revealed is how domestic politics has impacted their foreign policy decision-making.
The Wire

 

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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