Malaysia Morning News For March 21

Malaysia Morning News For March 21
Estimated Reading Time: 5 minutes |

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

Moody’s maintains A3 stable outlook for Msia
Moody’s has maintained its A3 stable outlook for Malaysia as the outlook balances a resilient economy against structural fiscal challenges.
New Straits Times

PM to launch first Digital Free-Trade Zone on Wednesday
Prime Minister Datuk Seri Najib Razak will launch the first Digital Free-Trade Zone on Wednesday, said International Trade and Industry Ministry Deputy Minister Datuk Ahmad Maslan in Parliament today.
New Straits Times

Axiata to analyse impact of Vodafone-Idea merger
Axiata Group Bhd, the regional telecommunications firm that is controlled by Khazanah Nasional Bhd, has been the subject of quite a bit of newsflow in the past few days.
The Star Online

Malaysian palm oil price falls on weaker export data; output seen to improve
Malaysian palm oil futures on Monday slipped to a second session of declines in three on weaker export data, while March output is expected to improve from a month ago.
The Star Online

Malaysia mulls naval upgrades amid IS threat, South China Sea standoff
Malaysia is gunning for a revamp of its aging naval fleet, as countries in the
region prepare to face threats from the influx of Islamic State (IS) militants
fleeing Mosul, and from rising tensions in the South China Sea.
Reuters

Malaysia says intercepted North Korean arms shipment to Thailand in 2011
Malaysia intercepted and returned a shipment of North Korean military communications equipment sent to Thailand in 2011, the country’s police chief said on Monday, amid growing scrutiny of the southeast Asian nation’s dealings with North Korea.
Reuters

Malaysia Stock Market May Run Out Of Steam
The Malaysia stock market has moved higher now in three straight sessions, collecting more than 30 points or 1.8 percent in that span.
Nasdaq

Bird flu in Kelantan: China bans imports of bird’s nest from Malaysia
China has imposed a temporary restriction on imports of bird’s nest from Malaysia, following an outbreak of bird flu in the northeastern state of Kelantan.
Channel News Asia

No security breach in Kim Jong Nam murder: Malaysian official
Malaysia’s Home Ministry has denied that there was a lapse in national security surveillance systems that resulted in the murder of Kim Jong Nam, the half-brother of North Korean leader Kim Jong Un, on Malaysian soil.
Channel News Asia

Lazada to focus on winning in existing markets, no deal talks for now
Southeast Asia’s e-commerce platform Lazada Group – that sold a controlling stake to Alibaba last year and soon after acquired Singapore online grocery start-up RedMart – has no acquisition talks on the table for now as the firm does not want a “distraction” from its focus to improve in the six markets it is present in, a top Lazada executive told this portal.
Deal Street Asia

Maybank sees Southeast Asia equity deals rising from 2016 low
Malayan Banking Bhd., Southeast Asia’s top arranger of equity fundraising deals, is anticipating transactions in the region to rebound from a five-year low on the back of an improved economic outlook.
Deal Street Asia

Boustead secures RM1.17 billion contract from Ministry of Defence
Boustead Holdings Bhd’s unit, Boustead Naval Shipyard Sdn Bhd (BNS), has bagged a RM1.17 billion contract from Malaysia’s Ministry of Defence for the supply of four Littoral Mission Ships.
New Straits Times

Ringgit closes at 4.42 against USD
The ringgit closed higher against the US dollar today as the greenback continued to remain under pressure following a less hawkish stance by the Federal Reserve on interest rate hikes.
New Straits Times

Cenviro splashes out on top-of-the-line solutions by SAP
Cenviro Sdn Bhd, a wholly-owned unit of Khazanah Nasional Bhd, is spending a considerable amount of money on a sophisticated computer software package in a bid to become more productive.
New Straits Times

Twelve Malaysians on Forbes’ 2017 super rich list
Twelve Malaysians made it to Forbes’ latest annual ranking of the world’s billionaires. The richest in Malaysia is Robert Kuok, ranked 115 on the list with net worth of US$11.4bil. He is also the oldest among Malaysian billionaires, at age 93.
The Star Online

‘Tidal wave’ at M’sian exchange, foreigners buy RM1.67bil last week
Foreigners who had shied away from Bursa Malaysia in the last two years, have been steadily buying for more than a month now. They hit a high last week, signalling their firm re-entry into the stock exchange.
The Star Online

Malaysians among top 50 happiest nationalities in the world
Malaysia is the 42nd happiest country in the world, according to the World Happiness Report 2017 released today.
Malay Mail Online

Minister: Compulsory for all development projects to submit social, environmental assessment reports
It is compulsory for all development projects after Jan 16, this year to prepare and submit the Social Impact Assessment (SIA) and Environmental Impact Assessment (EIA) reports as a condition for approval of the projects.
Malay Mail Online

Najib promises inclusive development under leadership
Prime Minister Datuk Seri Najib Tun Razak today gave an assurance that the government under his leadership will ensure that every sector of the community enjoys a just and equitable development.
Malay Mail Online

 

 

Feature photo: John Walker

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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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