Malaysia Morning News For March 17

Malaysia Morning News For March 17

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


Malaysia morning news

Thai authorities foil attempt to smuggle 27 Rohingyas to Malaysia
Immigration police and troops arrested a Thai truck driver while he was allegedly trying to smuggle 27 Rohingya people from Bangkok to Narathiwat to be further smuggled to Malaysia early Friday.
– The Nation

Malaysia vehicle sales rise 3.7 per cent in January
SALES of motor vehicles in Malaysia rose 3.7 per cent to 11.4 billion ringgit (Bt89.9 billion) in January from a year ago but fell 9.4 per cent from December, according to the country’s Statistics Department.
– The Nation

Malaysia says Interpol issued ‘red notice’ for four North Koreans
Interpol has issued a “red notice”, the closest instrument to an international arrest warrant, on four North Korean suspects wanted in connection with the murder of Kim Jong Nam, Malaysia’s police chief said on Thursday.

TPG upbeat on prospects
TRIVE Property Group Bhd (TPG) is bullish on its solar power generation equipment business following the signing of a memorandum of understanding (MoU) with a China-based company yesterday.
New Straits Times

Labuan IBFC ideal for Asian companies shifting to “new financial normal”
The Labuan International Business and Financial Centre (Labuan IBFC)’s physical location and accessibility makes it an ideal centre for Asian-based companies to establish their presence in order to conform to new “financial normals”, namely; the Common Reporting Standard (CRS) and Base Erosion Shifting (BEPS).
New Straits Times

Analysts bullish on Bursa
ARE the bulls back on Bursa Malaysia? Analysts appear to believe so, based on the sharp increase in average daily value (ADV) of local stocks traded so far this year.
New Straits Times

XOX Mobile eyes two million subscribers
XOX Mobile, Malaysia’s first mobile virtual network operator, targets two million subscribers this year.
The Star Online

Statistics Department: Sales value of motor vehicle up at RM11.4b in January
Sales of motor vehicles business rose 3.7% to RM11.4bil in January 2017 from a year ago but it fell 9.4% from December 2016, according to the Statistics Department.
The Star Online

Hunt is on for overstaying North Koreans in Sarawak
Malaysian authorities are tracing 87 North Korean workers with expired work permits in Sarawak for eventual deportation, according to Deputy Home Minister Datuk Masir Kujat.
– Malay Mail Online

Malaysia-Cambodia-Thailand subsea cable launches
A new subsea cable connecting Malaysia, Cambodia and Thailand has been launched in Cambodia, adding at least 30Tbps of regional capacity.
– TelecomAsia

Eco World Q1 net profit jumps 461% to RM116mil
Eco World Development Group Bhd’s net profit surged 461% to RM116.16mil in the first quarter ended Jan 31, 2017 compared with RM20.67mil in the same period last year, due to gain on dilution of its equity interest in Paragon Pinnacle.
The Star Online

Iskandar Waterfront to raise US$338 million to shrink debt
Iskandar Waterfront Holdings Sdn Bhd (IWH), which recently offered to buy out its listed unit Iskandar Waterfront City Berhad (IWC) , said the merged entity was looking to raise about US$338 million this year by issuing new shares.
– FMT News

MDEC records new investments of RM16.3bil in 2016
Malaysian Digital Economy Corp (MDEC) has today announced that Multimedia Super Corridor (MSC) companies have recorded new investments of RM16.3bil in 2016, of which RM6.43bil were from new investors.
The Star Online

PAS MP lambasted for mooting caning against illicit births
Pasir Puteh MP Datuk Dr Nik Mazian Nik Mohamad has been chastised for suggesting in Parliament yesterday that caning be used as a punishment to prevent out-of-wedlock pregnancies.
– Malay Mail Online

Cane drug addicts too, says PAS MP
Hot on the heels of his proposal to lash those caught for zina (illicit sex), PAS lawmaker Dr Nik Mazian Nik Mohamad now suggests that drug addicts be caned as well.
– FMT News

Minister: 2.6 million students received PTPTN loans between 1997-2016
A total of RM48.6 billion were given as study loans to 2.6 million students by the National Higher Education Fund Corporation (PTPTN) since 1997 to the end of last year, the Dewan Rakyat was told yesterday.
Malay Mail Online

Minister: Jong-nam’s kin has left body to Malaysia
The family of the murdered Kim Jong-nam will allow Malaysia to determine what to do with his body, said Health Minister Datuk Seri Dr S. Subramaniam.
Malay Mail Online

Penang halves fee for some foreign buyers, but raises price floor to RM3m
The Penang government has agreed to halve the approval fee for foreign purchasers of some stratified properties on the island from three per cent to 1.5 per cent.
Malay Mail Online

Prudent spending helps Petronas control earnings decline
Petronas has managed to control its decline in earnings in the wake of low crude oil prices due to cost optimisation initiatives, ratings agency Moody’s said yesterday.
– FMT News



Feature photo: lawyergaoge



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