Malaysia Morning News For March 23

Malaysia Morning News For March 23

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

2017 GDP to be slightly higher than 4.2 pct, says Najib
Malaysia expects to record a slightly higher Gross Domestic Product (GDP) growth this year from 4.2 per cent achieved last year, Prime Minister Datuk Seri Najib Razak said today.
New Straits Times

US to charge Malaysia businessman Jho Low in 1MDB scandal: Report
US authorities plan to file criminal charges against a businessman suspected to be at the centre of a major corruption scandal that has embroiled Malaysia’s prime minister, the Wall Street Journal reported.
Channel NewsAsia

Bank Negara’s international reserves at US$94.9 billion
Bank Negara Malaysia’s international reserves amounted to US$94.9 billion (RM425.5 billion) as at March 15.
New Straits Times

AirAsia’s Indian JV firm files police report
AirAsia (India) Ltd (AAIL), AirAsia Bhd’s joint-venture with the Tata group, has filed a police report following a probe into irregular personal expense claims and certain company charges.
The Star Online

Malaysian palm oil price nears two-week peak on slower production, soyoil gains
Malaysian palm oil futures hit a near two-week high on Wednesday, marking a second straight day of gains amid an uncertain production outlook and forecasts for a soyoil rally.
The Star Online

Rafale appears in the lead as Malaysia seeks new fighter jets: defense source
France’s Rafale fighter jet is emerging as the frontrunner as Malaysia looks to replace its aging fleet of combat aircraft, a source in the Southeast Asian nation’s defense ministry said on Wednesday, despite narrowing its defense spending this year.

Alibaba to set up regional logistics hub in Malaysia
Alibaba Group Holding Ltd said on Wednesday it would set up a logistics hub in Malaysia, the latest in a string of Chinese investments including in infrastructure and real estate projects, underscoring the close ties between
the two countries.

Catcha Group launches digital hub for internet firms in KL
Malaysia-based internet company Catcha Group has launched Kuala Lumpur Internet City (KLIC), a digital hub in Kuala Lumpur to be built at a gross development value of $1.13 billion (MYR5 billion).
Deal Street Asia

Malaysian fintech Jirnexu closes $4.5M Series A round, kicks off Series B
Fintech startup Jirnexu, a full-stack fintech solutions provider with roots in Singapore and Malaysia, has closed an extended Series A with an additional $1.5 million in funding, following $3 million raised in H1 2016. This brings aggregate equity funding the company raised to $6 million.
Deal Street Asia

In-depth study needed before speed limit raised, says Fadillah
The government would consider the proposal to raise the highway speed limit from 110 kilometres per hour, said Works Minister Datuk Seri Fadillah Yusof.
Malay Mail Online

Malaysia’s Chinese trade group upbeat about 2017 economic outlook
The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) is upbeat about the country’s economic prospects for 2017, supported by increases in sales and production compared with last year’s figures.
Malay Mail Online

‘Fake news’ jeopardising Malaysia’s progress: PM Najib
Malaysian Prime Minister Najib Razak on Wednesday (Mar 22) said the country’s economic plan is working but “fake news” is jeopardising its progress.
Channel NewsAsia

Eco World International IPO anticipated to be largest in M’sia since June 2015
Eco World International Bhd’s (EWI) initial public offering (IPO), worth RM2.58 billion, will be the largest in Malaysia since June 2015, with a fixed price of RM1.20 per share.
New Straits Times

More tourist arrivals expected as AirAsia launches Langkawi-Shenzen route
This famous island will soon see a further boost in arrivals of tourists as AirAsia has launched its new Langkawi-Shenzen route.
New Straits Times

Maybank and CIMB to enable Alipay mobile wallet in Malaysia
Malayan Banking Bhd (Maybank) and CIMB Bank Bhd – the country’s largest financial services providers – are partnering with Ant Financial Services Group, which operates the world’s largest online and mobile payment platform Alipay, to enable the Alipay mobile wallet in Malaysia.
The Star Online

Geely pulls out of buying Malaysia’s Proton, as its profits surge by 126%
China’s Geely Automobile Holdings has withdrawn its bid to acquire a controlling stake in Malaysian automaker Proton, Geely’s president, An Conghui has told the South China Morning Post.
The Star Online

Health Ministry imposes stricter rules on Brazil meat imports
The Health Ministry has imposed hold, test, inspect and release measures on meat imported from Brazil following a corruption issue involving meat-processing plants there to obtain a certificate.
Malay Mail Online

Weekly petrol price announcements to start March 29
The ceiling price for petrol will be announced weekly every Wednesday night starting March 29, Minister of Domestic Trade, Cooperatives and Consumerism Datuk Hamzah Zainuddin said today.
Malay Mail Online



Feature photo: John Walker

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).



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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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