Malaysia Morning News For March 8

Malaysia Morning News For March 8

Welcome to the Malaysia morning news roundup by AEC News Today, your one stop for Malaysia news on matters of governance and policies affecting Asean business communities.


Malaysia morning news

World’s Best: Malaysia Medical Tourism Sector to Experience Extraordinary Growth
A new report forecasts the Malaysia medical tourism market to grow at a compounding annual growth rate (CAGR) of 30.05 per cent over the next eight years, reaching some US$3.5 billion before the end of 2024.
AEC News Today

Bank Negara: International reserves remain at US$95 billion
International reserves of the central bank remained unchanged at US$95 billion (RM426.3 billion) as at the end of February.
New Straits Times

Malaysia has strong FDI prospects, says economist
Malaysia holds strong prospects for foreign direct investments (FDI), thanks to mega infrastructure plans like the High-Speed Rail, East Coast Rail Link, and China’s One Belt One Road initiative.
New Straits Times

Hap Seng sells logistics business for RM750mil
Hap Seng Consolidated Bhd is selling its 100% stake in logistics service provider Hap Seng Logistics Sdn Bhd (HSL) to a unit of Hong Kong-based Lei Shing Hong Ltd for RM750mil.
The Star Online

Time dotCom acquires 49% stake in Thailand’s Symphony for RM280mil
Time dotCom Bhd has announced its strategic investment plan of 2.2 billion baht (RM280mil) for a shareholding of up to 49% in Symphony Communication Public Company Ltd.
The Star Online

North Korea bars Malaysians from leaving, in ‘diplomatic meltdown’
North Korea barred Malaysians from leaving the country on Tuesday, sparking tit-for-tat action by Malaysia, as police investigating the murder of Kim Jong Nam in Kuala Lumpur sought to question three men hiding in the North Korean embassy.

Malaysia says it foiled attack on Arab royalty ahead of Saudi king’s visit
Malaysia said on Tuesday that suspected militants from Yemen arrested late last month ahead of a visit by Saudi King Salman had been planning an attack on Arab royalty.

North Korea and Malaysia in tit-for-tat travel ban on citizens over Kim Jong-nam murder
North Korea has temporarily banned Malaysians from leaving the country to ensure the safety of its diplomats and citizens in Malaysia, amid an escalating row over the murder of the North Korean leader’s estranged half brother, Kim Jong-nam.
ABC Online

Once strong ties between North Korea and Malaysia rapidly unravel
If hunger pangs hit in the North Korean capital of Pyongyang, a ravenous resident could hail a taxi, head to a supermarket and stock up on Maggi noodles, Milo and Julie’s biscuits – all produced in Malaysia.

Netflix competitor Iflix raises $90m from Liberty Global, Zain, others
Liberty Global, the international telecommunications company controlled by American tycoon John Malone, and Zain, a Kuwait-based telecom operator, are investing in iflix, a Malaysian provider of streaming video, iflix announced on Tuesday.
Deal Street Asia

Higher biodiesel production
Malaysia is expected to produce 900,000 tonnes of biodiesel in 2017, up about 80% from half a million tonnes last year, while Indonesia’s production is projected to rise to 3.5 million tonnes this year from three million tonnes in 2016, according to industry expert U.R. Unnithan.
The Star Online

Malaysia, Indonesia biodiesel production forecast to rise in 2017
Malaysia will produce about 900,000 tonnes of biodiesel in 2017, up about 80 percent from half a million tonnes last year, while Indonesian output will rise to 3.5 million tonnes this year from 3 million tonnes in 2016, an industry expert said on Tuesday.
Astro Awani

Third anniversary of the missing Malaysia Airlines MH 370
Upcoming March 8 marks the third anniversary of the disappearance of Malaysia Airlines Flight MH370.
The Nation

No changes in Malaysia-North Korea trade status
There are no changes so far regarding Malaysia’s trade status with North Korea, says Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan.
New Straits Times

Managing Sabah State IT Department’s 5-Year Strategic Plan and tackling the challenges of emerging technologies
With more than 3 decades of experience in the IT field spanning across consultation, planning, procurement, network, R & D of application systems and IT roles, Dr. Mingu Jumaan is CIO and Director of the Sabah State IT Department.
Open Gov

Sarawak State government to invest MYR 1 billion for improving ICT infrastructure
The state government of Sarawak in Malaysia is going to invest MYR 1 billion (USD 225 million) to improve ICT infrastructure in the state.
Open Gov



Feature photo: Zashnain Zainal



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




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