Malaysia Morning News For April 27

Malaysia Morning News For April 27

Malaysia morning news

AmBank: Malaysian bonds to rally after selldown
Malaysia’s sovereign bonds will rally in the next three months, spurred by demand from local insurers and pension funds, and an accommodative interest-rate policy, according to the nation’s top debt arranger.
The Star Online

TM to complete broadband speed upgrades by year-end
Telekom Malaysia Bhd (TM) aims to complete broadband speed upgrades by year-end in line with the government’s Budget 2017 mandate to double broadband speeds.
The Star Online

TM banking on Webe wireless service take-up to skyrocket in 2017
Telekom Malaysia Bhd is planning to broaden the appeal of its wireless service, Webe with the development of additional packages for the government and entrerprises segments in coming months.
— New Straits Times

Moody’s: Stable outlook for Msian banking system for next 18 months
The outlook for Malaysia’s banking system will remain stable over the next 18 months, says Moody’s Investors Service.
New Straits Times

1MDB-IPIC deal not lessening risks to Malaysia — Moody’s
Uncertainties over how government strategic investment fund 1Malaysia Development Bhd (1MDB) will settle its bond payment obligations in its settlement of a debt dispute with Abu Dhabi’s International Petroleum Investment Co (IPIC) will still pose a lingering risk to Malaysia, said Moody’s Investors Service yesterday.
The Edge Markets

PetChem plans RM4bil capex
Petronas Chemicals Group Bhd (PetChem) expects to spend RM4bil in capital expenditure (capex) for the year, with the bulk of the funds to be channelled to its investments in the Pengerang Integrated Complex.
The Star Online

Ringgit opens lower against US dollar
The ringgit opened lower against the US dollar this morning as the greenback held steady against other currencies after the announcement of US tax reforms yesterday.
New Straits Times

RTD targets RM4b revenue collection this year
The Road Transport Department (RTD) targeted to collect RM4 billion in revenue this year for all the services offered in accordance with key performance indicators (KPI) set at five per cent increase (of collection) every year.
New Straits Times

Mercedes-Benz Malaysia reports 11% sales growth
Mercedes-Benz Malaysia reported a 11% sales growth by delivering 2945 units to customers.
Marketing Interactive

Oversight body necessary for patient data collection, government told
Concerned about ethical and legal implications related to patient confidentiality, a Malaysian Medical Council (MMC) member called for statutory oversight of the Health Ministry’s (MOH) patient health records system.
Malay Mail Online

Internet-related rapes involving minors rose 300pc in five years
Rape cases involving children and the use of the Internet increased fourfold between 2010 and 2015, a survey has revealed.
Malay Mail Online

Yinson wins 10-year RM4.4bil contract from Talisman Vietnam
Oil and gas services provider Yinson Holdings Bhd has been awarded a RM4.4bil Floating Production Storage and Offloading (FPSO) contract from Talisman Vietnam BV.
The Star Online

Malaysia schoolboy ‘beaten by warden’ dies in hospital
A Malaysian schoolboy whose legs were amputated after allegedly being beaten by a staff member has died in hospital, local media report.

Malaysians’ response to big China presence shows concerns
Many colleagues were surprised when a Hong Kong-based newspaper last month claimed that mainland Chinese are migrating to Malaysia “by the thousands”. The report stated that last year alone, more than 1,000 had utilised the Malaysia My Second Home (MM2H) programme to migrate there.
The Straits Times

What’s happening to us Malaysians?
As a young child growing up in an emerging town in Perak, I recall being surrounded by a supportive, close-knit and value-oriented community. Easy-going conversations with fellow Kamparians sparked bright moments, as smiles were carved all around.
Free Malaysia Today

Private school system needs relook, say groups
The authorities must look into regulating schools which are not registered to prevent a repeat of a case similar to that of Mohamad Thaqif Amin Mohd Gaddafi.
Malay Mail Online

Dewan Negara approves amendments to Bankruptcy Act
The Bankruptcy (Amendment) Bill 2016 which was approved in the Dewan Rakyat on March 29, which among others, provide bankruptcy protection to social guarantors, was passed in Dewan Negara today.
Malay Mail Online


Feature photo Mohamed Shaaz
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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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