Malaysia Morning News For April 10

Malaysia Morning News For April 10

Malaysia morning newsMoody’s sees ‘low’ political risk for Malaysia
Malaysia’s domestic political risks, which have increased in recent years, have not adversely affected policy reform, Moody’s Investor Service said.
— New Straits Times

Trade balance maintains above RM9b level in February
MALAYSIA’S trade surplus in February had managed to stay above the RM9 billion mark, despite the contraction in both exports and imports during the month.
— The Malaysian Reserve

Reform the Loser in Malaysia’s Coming Elections
Malaysians are heading to the polls in an election seen as likely to extend the Barisan National (BN) ruling coalition’s six-decade-long grip on power.
— The Diplomat

DFTZ expects to attract RM800 million investments
The Digital Free Trade Zone (DFTZ) is expected to receive RM800 million investments on infrastructure development, facilities, systems and equipment over the next three years.
— New Straits Times

Malaysia should leverage on growing halal industry globally
The global halal industry is likely to grow between US$3 trillion and US$4 trillion in the next five years, from the current estimated US$2 trillion, backed by continued demand from both Muslim and non-Muslim majority countries.
— New Straits Times

Ballarpur Industries to sell Malaysian arm Sabah Forest for $310m
Ballarpur Industries, India’s largest manufacturer of writing and printing paper, has agreed to sell its Malaysian subsidiary Sabah Forest Industries for RM1.2 billion ($310 million), according to a stock exchange filing.
— DealStreetAsia

Fulle Technik files suit against FGV units for RM23.39m
Fulle Technik Sdn Bhd has filed a suit against Felda Global Ventures Holdings Bhd’s (FGV) two subsidiaries, seeking RM23.39mil over a breach of contract involving the development of a prototype machine.
— The Star Online

RM1.5bil eco-park to support Pengerang O&G operations
Serba Dinamik Holdings Bhd will develop Malaysia’s first maintenance, repair and overhaul (MRO) as well as inspection, repair and maintenance (IRM) Global Centre of Excellence for the oil and gas industry for RM1.5 billion.
— New Straits Times

Malaysia is the only beneficiary of foreign inflow last week
Malaysia is the only beneficiary of foreign inflows last week, according to MIDF Research.
— The Star Online

SERC raises 2018 GDP growth forecast to 5.5%
The Socio-Economic Research Centre (SERC) has revised its 2018 gross domestic product (GDP) growth forecast to 5.5% from 5.1% previously, on firmer domestic demand.
— The Sun Daily

Splash takes legal action against Syabas for RM4.22b
Gamuda Bhd’s 40 per cent owned-affiliate Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) has filed legal suits against Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) for an outstanding receivables of RM4.22 billion.
— New Straits Times

Measures in manifestos will give near-term boost to consumption: Moody’s
Barisan Nasional (BN) and Pakatan Harapan’s manifestos for the 14th general election (GE14) are unlikely to have material impact on Malaysia’s economy although they are expected to boost the country’s consumption over the near term.
— The Sun Daily

Malaysia Looks To Improve Its Recycling Rate With New Incentives
Malaysians are combating single-use plastics with two initiatives designed to increase recycling rates.
— Green Matters

MAHB allocates RM800mil for KLIA Aeropolis DFTZ
Malaysia Airports Holdings Bhd (MAHB) has allocated RM800 million of its capital expenditure to build infrastructure, facilities, system and equipment for the 32.42-hectare Kuala Lumpur International Airport (KLIA) Aeropolis Digital Free Trade Zone (DFTZ), which is slated to be fully operational in the third quarter of 2020.
— New Straits Times

Kumpulan Perangsang Selangor to produce carton boxes with Chinese firm
Kumpulan Perangsang Selangor Bhd’s (KPS) 99% subsidiary Century Bond Bhd (CBB) has entered a joint venture (JV) with China’s Honda Printing Holdings Ltd to produce offset carton boxes for the manufacturing sector at an investment cost of RM2.87 million.
— The Sun Daily

Max Capital Management Holding Ltd and Nihar Aarogya Mandir co-organised Asia’s 1st “MCM-Nihar Body, Mind and Soul Retreat” at Taman Negara Kuala Tahan, Pahang, Malaysia
Max Capital Management Holding Ltd (MCM) and India based Nihar Aarogya Mandir (Nihar Health Centre) had recently co-organised the Asia’s 1st 4 Days 3 Nights “MCM-Nihar Body, Mind and Soul (BMS) Retreat” from 22 to 25 March 2018 at Taman Negara Kuala Tahan, Pahang, Malaysia.
— AEC News Today/ PR Newswire (media release)

Cornerstone Partners picks 10% stake in Malaysian co-working startup Colony
Hospitality investment firm Cornerstone Partners Group has acquired a 10 per cent stake in co-working space Colony in a deal valuing the eight-month-old company founded by entrepreneur Timothy Tiah in the $15-20 million range.
— DealStreetAsia

HSBC picks Malaysia chief to lead its Belt and Road Initiative
Hussain, who joined the UK bank in 1982, will move to Hong Kong and start the position on July 1, London-based HSBC said in an emailed statement Monday.
— Free Malaysia Today

 

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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).

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. It is published M-F by AEC News Today: Governance, not government; policies not politics.

 

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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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