Malaysia Morning News For May 22

Malaysia keeping its options open on Trans-Pacific Partnership
The Ministry of International Trade and Industry said Malaysia is keeping its options open on the Trans-Pacific Partnership (TPP), following the first meet of all TPP ministers bar the United States, in which they decided to keep talks alive despite differing views.
– The Sun Daily

New Zealand splits with Malaysia over reworking TPP without US
New Zealand’s top trade official said his country wouldn’t gain much from major changes to a Pacific trade pact, highlighting obstacles to finalising the deal without the US after Malaysia called for more negotiations.
–FMT

Trade minister flags living costs as concern ahead of GE14
he cost of living is a key concern among Malaysian voters, according to a member of Prime Minister Datuk Seri Najib Razak’s Cabinet, setting the stage for it to be a major campaign topic in polls expected within months.
– Malay Mail Online

Sarawak Big Data launching next year – Abang Johari
Sarawak is set to roll out its first version of Big Data by the first quarter of next year, announced Chief Minister Datuk Amar Abang Johari Tun Openg.
– BorneoPost Online

Three new hospitals to drive IHH’s growth in 2017
Three new hospitals with 1,175 new beds in 2017 will drive growth for the group, said Maybank Investment Bank Research.
– The Star Online

Cops to seek Taiping remand order for JJPTR suspects
Police will seek a remand order from the Taiping Magistrate’s Court against three men who were detained on suspicion of cheating under the JJ Poor To Rich (JJPTR) investment scheme, including the mastermind.
– Malay Mail Online

New model for LRT development – Abang Jo
Sarawak will have a new model to develop its proposed Light Rail Transit (LRT) system to connect Kuching, Samarahan and Serian divisions.
– BorneoPost Online

Analysts upbeat on Malaysia’s economic performance
Malaysia’s gross domestic product (GDP) growth of 5.6 per cent year on year (y-o-y) in the first quarter of 2017 (1Q17) has come in slightly above analysts’ expectation of 5.4 per cent y-o-y.
– BorneoPost Online

Country going steadily downhill
As the country ignores Vision 2020 and looks to TN50, this writer believes a sense of shame is needed, without which we will never become a respected first-class nation.
–FMT

Vitrox Corp may see highest-ever revenue in Q2
Vitrox Corp Bhd could break its previous revenue records yet again and hit up to RM80mil in Q2 FY17 on strong order backlog, said Maybank Investment Bank Research.
– The Star Online

M’sia a country at risk of creating poor retirees — report
Investors in emerging markets, including Malaysia, lack avenues to deploy domestic savings while facing poor risk-adjusted returns on capital market products, mainly because of higher volatility, according to McKinsey.
– The Edge Markets

Sarawak Cable seeks boost
Sarawak Cable Bhd, one of the biggest cable makers in the region, is banking on a sharp increase in new orders from overseas and a steady flow of power projects in its home state to lift slumping sales.
– The Star Online

Oglivy Malaysia wins CIMB Bank creative account
Ogilvy & Mather has been appointed as the communications agency-of-record for CIMB Consumer Bank Malaysia, the country’s second largest financial institution.
– Mumbrella

Feature photo Phalinn Ooi
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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 22 added by John Le Fevre on May 22, 2017
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage 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, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.