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Malaysia morning news roundup by AEC News Today is your one stop source for Malaysia news on matters of governance and policies affecting Asean business communities.

Bank Negara, MACC, IRB join forces to combat financial crimes
Bank Negara Malaysia (BNM), the Malaysian Anti-Corruption Commission (MACC) and the Inland Revenue Board of Malaysia (IRB) will join forces to combat financial crimes and strengthen the country’s financial system.
— New Straits Times

Coca Cola commences RM500 million expansion of Nilai plant
Coca Cola Malaysia is investing RM500 million to expand the size and production capacity of its current plant here.
— New Straits Times

Malaysia Jan factory output up 3.5 pct y/y, below forecast
Malaysia’s industrial production in January rose 3.5 percent from a year
earlier, slowing in pace for the second month in a row, government data showed on Monday.
— Reuters

Malaysian streaming provider taps Netflix executive
Malaysian streaming video provider iflix has tapped Sean Carey, a former Netflix executive, as its new chief content officer, the company said in statement on Monday.
— Reuters

Malaysia says talks on with North Korea for return of nine citizens
Malaysia said talks were underway on Monday for the release of nine citizens stranded in North Korea by a travel ban, while its defense minister tried to ease anxieties among the public about the risks of angering an unpredictable nuclear-armed state.
— Reuters

Malaysia arrests five Filipinos for suspected Islamic State links
Malaysian police said on Monday they had arrested seven people, including five Filipinos, for suspected links to the Islamic State militant group.
— Reuters

Malaysia’s January industrial output growth pace slows, lags view
Malaysia’s industrial production grew at a slower-than-expected pace in January, largely driven by higher manufacturing output, official data Monday showed.
— Nikkei Asian Review

China-Malaysia Qinzhou Industrial Park attracts RM19.3bil investments
The China-Malaysia Qinzhou Industrial Park (CMQIP) here has so far confirmed over 50 industrial projects with a total investment value of close to 30 billion yuan (RM19.3bil).
— The Star Online

HLIB: Pos Malaysia lacks catalysts
Pos Malaysia Bhd is lacking near-term catalysts to support the recent spike in its share price that has run ahead of its earnings growth, according to Hong Leong Investment Bank Bhd (HLIB).
— The Star Online

BBC Player launches in Malaysia
the commercial arm of the Corporation has launched BBC Player in Malaysia, the second country to receive the service following its successful launch in Singapore in 2016.
— Advanced Television

Malaysian police arrest 7 Islamic State suspects
Seven Islamic State (IS) suspects comprising two Malaysians and five Filipinos were arrested in Sabah and Selangor states during a counter-terrorism sting operation between Mar 8 and 12, according Malaysian Inspector-General of Police Khalid Abu Bakar.
— Channel News Asia

Beauty and the Beast release postponed indefinitely in Malaysia
The release date for the highly anticipated Disney film Beauty and the Beast has been postponed indefinitely in Malaysia, the country’s major cinemas said on Monday (Mar 13). The movie had been slated to open in Malaysian theatres on Thursday.
— Channel News Asia

Malaysia: No merger on cards for Sime Darby-UMW auto biz
Malaysia’s Sime Darby and UMW Holdings have denied any plans for a merger between the motor units of two companies.
— Deal Street Asia

Malaysia Tops World Ranking As Best Country To Invest In, Scoring 30 Points More Than Any Other Nation
Malaysia tops another world ranking, this time as the ‘Best Country To Invest In’.
— Malaysian Digest

MAHB: Passenger traffic in February up 5% year-on-year
Malaysia Airports Holdings Bhd (MAHB) said it has registered 7.3 million passengers at its airports in the country in February 2017, a 5% year-on-year growth over February 2016.
— The Sun Daily

Gov’t launches Social Outcome Fund for marginalised communities
The government has launched the Social Outcome Fund to help marginalised communities struggling to make ends meet.
— New Straits Times

Sime Darby denies report of automotive sector merger with UMW
Sime Darby Bhd has denied a report by a local business paper that its automotive arm was planning a merger with UMW Holdings.
— New Straits Times

Bright outlook for semiconductor industry
AmInvestment Bank (AB) Research has maintained its “overweight” rating on the technology sector in Malaysia.
— The Star Online

Long deadline for Saudi Aramco deal with Petronas
The final terms of the investment by Saudi Aramco into Malaysia’s biggest oil refinery project is likely to be firmed up only within a year’s time, sources said.
— The Star Online

Feature photo: lawyergaoge

Malaysia morning news is published M-F by AEC News Today: Governance, not government; policies not politics.

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