Malaysia Morning News For May 19

Malaysia Morning News For May 19
Estimated Reading Time: 5 minutes |

Malaysia morning news

Celcom, Ericsson bring 5G to Malaysia
The nation’s telecommunication technology is set to evolve into a whole new level when Celcom Axiata Bhd and Ericsson yesterday performed Malaysia’s first 5G trial.
– Borneo Post/ Bernama

Fonterra reopens Malaysian milk powder plant
Fonterra has reopened its milk powder manufacturing plant in Malaysia following a NZ$7m (US$4.8m) investment to boost manufacturing efficiencies and ensure it continues to meet health and safety, and food safety and quality standards.
– Food Navigator-Asia

Malaysia’s economy expands faster at 5.6% in Q1
Malaysia’s economy grew at a faster pace of 5.6% in the first quarter ended March 31, 2017, exceeding the consensus of a 4.8% growth, powered by the manufacturing and services sectors.
– The Star Online

1,500 SMEs to be listed on AliBaba.com
A total of 1,500 small and medium enterprises (SMEs) will be listed on the AliBaba.com e-commerce platform by year-end, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
– Borneo Post/ Bernama

Mosti: Commercialisation Of 150 Products Rake In RM155 Mil
A total of 150 products from the Malaysia Commercialisation Year (MCY) 2016 initiative have been marketed at the value of RM155 million.
– Malay Digest

MALAYSIA’S FIRST ONLINE EQUITIES BROKER LAUNCHED
Malaysians are now able to open an equity trading account completely online for trading on the local bourse with Rakuten Trade.
– Malaysia-chronicle

73 Myanmar deaths in Malaysian custody: Media
More than half of the foreigners who died at Malaysian immigration detention camps over the past two years are Myanmar citizens, according to a report by the Malaysian National Human Rights Commission Human Rights, Suhakam, the Malay acronym.
– Myanmar Times

Malaysia opens investigation into immigration detention abuse
Malaysia has launched an investigation into allegations of “torture-like” conditions inside immigration detention centres after the Guardian reported at least two dozen refugees and asylum seekers had died since 2015.
– The Guardian

Sarawak makes RM1.42 billion in timber exports in first quarter
Sarawak earned RM1.42 billion in timber and timber product exports in the first three months of this year.
– FMT

Malaysia’s online trading landscape shake-up
Malaysia’s first fully-online trading platform under Kenanga Investment Bank Bhd’s joint venture (JV) with Rakuten Securities Inc is set to shake up the country’s online scene.
– The Star Online

HOW CRAZY! SHELL CHARGES DOUBLE FOR FUEL PRICES, APOLOGIZES FOR ‘ERROR’
Shell has apologised after the new weekly petrol prices were accidentally set at almost double the official prices.
– Malaysia-chronicle

Pizza Hut to upgrade 221 restaurants in re-branding push
QSR Brands Holdings, the operator of Pizza Hut in Malaysia, plans to improvise the restaurant’s 221 dine-in restaurant over the next two years. This is a part of it its re-branding activity in line with Pizza Hut’s 35th anniversary, according to The Star.
– Marketing-Interactive

TYCOON LIM HANGS ON DESPITE ‘NO EARNINGS, NO DIVIDENDS’ BANDAR MALAYSIA PROJECT
COME Monday, Iskandar Waterfront City Bhd (IWC) is expected to be heavily sold down. Without Bandar Malaysia, the proposed one-for-one share swap with Iskandar Waterfront Holdings Sdn Bhd (IWH) is not as attractive anymore.
– Malaysia-chronicle

KKB eyes more jobs as earnings remain resilient
KKB Engineering Bhd (KKB) aims to focus on key areas of its business such as its engineering and manufacturing as well as oil and gas (O&G) sectors to remain resilient amidst the current challenging environment.
– Borneo Post

Malaysia And Indonesia Will Retaliate Against Countries Which Boycott Palm Oil – PM
Malaysia and Indonesia will retaliate against countries including the European Union (EU) which boycott palm oil, said Prime Minister Datuk Seri Najib Tun Razak.
– Malay Digest

Putrajaya ignorant of Beijing’s motive, says MP
Kelana Jaya MP Wong Chen has alleged that Putrajaya is ignorant of the primary motive behind Beijing’s decision to invest in Malaysia, saying this is shown in the Najib administration’s handling of the Bandar Malaysia project.
FMT

Miraka expands with Malaysia deal
Miraka, New Zealand’s first Maori-owned milk company, has signed an MOU with Malaysian company Storiiu, a food distribution business, to supply their flagship consumer food, Whai Ora.
– Food Navigator-Asia

Bursa snaps losing streak to open marginally higher
Bursa Malaysia snapped its losing-streak to open marginally higher, in early trading today, on bargain-hunting activities in line with the overnight rebound on Wall Street, dealers said.
– Malay Mail Online

Ringgit the best performing currency in Asia so far
The ringgit has been the best-performing currency in Asia, ex-Japan, so far in the second quarter, gaining 2.5 per cent against the US dollar, said Standard Chartered Bank Malaysia.
– Borneo Post/ Bernama

 

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John Le Fevre

John Le Fevre

Managing Editor at AEC News Today
John is an Australian national with more than 35 years experience as a journalist, photographer, videographer and copy editor.He has spent extensive periods of time working in Africa and throughout Southeast Asia.He has covered major world events including the 1991 pillage riots in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010 and 2014 Bangkok political protests.In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post.

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