Malaysia Morning News For May 11

Private investments in ECER to hit RM110bil this year
The East Coast Economic Region Development Council (ECERDC) expects private investments to reach RM110bil in the East Coast Economic Region (ECER) this year, a target actually set for 2020.
— The Star Online

Perak Targets 150,000 Tourists From Indonesia This Year – Zambry
Perak is targetting 150,000 tourists from Indonesia to visit the state this year following the three-day Visit Perak Year 2017 Tourism Mission in Medan and here since last Monday.
— Bernama

Malaysia’s March industrial output up 4.6% on year
Malaysia’s industrial production index (IPI) rose 4.6% in March from a year earlier on higher manufacturing and mining output as electricity production fell.
— The Edge Markets MY

CIMB IB Research raises target for Gas Malaysia to RM2.99
CIMB IB Research has maintained its “Hold” rating on Gas Malaysia Bhd (GMB) at RM3.10 with a higher target price of RM2.99 (from RM2.83) and said GMB’s 1Q17 net profit broadly met expectations, at 21% of house and consensus full-year forecast.
— The Edge Markets MY

As cabotage policy lifts, Malaysian shipping firms look to relocate overseas
Anticipating massive losses, some local shipping companies are preparing to shift their bases out of the country after the government announced removing the cabotage policy on Sabah, Sarawak and Labuan from June 1.
— Malay Mail Online

1MDB Saga Season II: Who killed Bandar M’sia deal?
The new season of the blockbuster 1MDB political drama thriller could not have kicked off on a more suspenseful note.
— Malaysiakini

Gold Futures Contract Flat In Early Session
Gold futures contracts on Bursa Malaysia Derivatives opened flat across the board today with no transactions.
— Bernama

Ringgit opens marginally lower against US dollar
The ringgit opened marginally lower against the US Dollar today on lack of demand for the local note, said dealers.
— New Straits Times

MACC arrests TNB manager who accepted BMW as bribe
A Tenaga Nasional Berhad project manager and a renovation company owner have been detained by the Malaysian Anti-Corruption Commission (MACC) in the Klang Valley early yesterday for alleged corruption.
— Malaysiakini

Snatch theft on the rise, public urged to be alert
Snatch theft is on the rise in the federal capital, with 368 cases reported so far this year.
— Malaysiakini

MACC in congratulatory message to Umno urges it to fight graft
The Malaysian Anti-Corruption Commission (MACC) today congratulated Umno on its 71st anniversary celebration and called on the party to fight corruption.
— Malaysiakini

Petrol station operators hit by weekly swing in fuel prices
Many petrol station operators are giving up their operations as they can no longer cope with the weekly swing in retail fuel prices.
— The Star Online

Cabotage relief no guarantee of lower Sabah prices, experts say
The complexities of shipping and transportation make it uncertain that the cabotage exemption beginning next month will lower goods prices in east Malaysia, said observers.
— Malay Mail Online

MBPJ to terminate parking concessionarie, bring back coupons
PETALING Jaya will have a new parking system implemented citywide once the services of current parking concessionaire Godell Parking Sdn Bhd are terminated.
— The Star Online

YTL Power impasse ends
Maybank Investment Bank Research said the successful conclusion to the land lease agreement (LLA) negotiations and official power purchase agreement (PPA) signing puts an end to the uncertainty surrounding YTL Power’s Malaysia plant.
— The Star Online

Puteri targets 500,000 members by year-end
PUTERI Umno aims to register half a million members by the end of the year and continue providing a platform for young women to play a role in nation-building.
— New Straits Times

Tourism Malaysia and AirAsia to promote tourism
Tourism Malaysia and AirAsia Bhd have signed a two-year agreement which will see both parties collaborate to promote tourism in Malaysia through brand advertising, promotional activities and campaigns.
— The Star Online

TH Properties entering U.K. market
TH Properties Sdn Bhd, which made its maiden overseas venture to Australia at the end of 2015, will be strengthening its grip on the foreign property market by expanding to London in one or two months.
— New Straits Times

Trading ideas: Gas Malaysia, ManagePay Systems, Gadang, Hartalega
JF Apex Research expects Gas Malaysia, ManagePay Systems and Gadang, Hartalega to be among the stocks to watch on Thursday after their corporate news.
— The Star Online

Malaysia Airports said to plan stake sale in Istanbul airport
Malaysia Airports Holdings Bhd (MAHB) plans to sell a minority stake in its Istanbul unit, which operates Turkey’s second-biggest airport, people familiar with the matter said.
— The Star Online

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

Malaysia Morning News For May 11 added by Stella-maris Ewudolu on May 11, 2017
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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.