Malaysia Morning News For April 12

Malaysia’s anti-fake news legislation becomes law, is now enforceable
Malaysia has gazetted the controversial Anti-Fake News Act 2018, meaning it has become law and is enforceable.
— The Straits Times

Malaysian government declares polling day a public holiday
Malaysia’s federal government has declared May 9, polling day, a public holiday.
— Channel NewsAsia

Malaysia’s manufacturing sales grew 4.9pc to RM62.3b in February: DOS
Malaysia’s manufacturing sector saw its sales value grow 4.9 per cent to RM62.3 billion year-on-year in February, said the Department of Statistics today.
— New Straits Times

Sapura Energy rallies, trading volume surges to 4.6b shares
Sapura Energy shares rallied to a more than five week high on Wednesday as retail investors chased up the stock after its partners had taken the final investment decision to develop the gas fields off Sarawak.
— The Star Online

Bursa Malaysia extends gains in early trade
Bursa Malaysia extended gains from yesterday to open higher this morning, thanks to the buoyant market sentiment.
— New Straits Times

Public Bank to set up RM10b programme
Public Bank Bhd is setting up a RM10bil additional Tier 1 capital securities (AT1CS) programme which will qualify as additional tier one capital.
— The Star Online

Analysts mixed on plantation sector outlook
Analysts have a mixed-reaction on plantation sector, mainly due to minor price weakness dragged by lower upside risk with short-term crude palm oil (CPO) trading between RM2,250 and RM2,500 per tonne.
— New Straits Times

BNM governor urges industry players to drive RPP promotion
Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim has called on all industry players to drive the promotion of the upcoming real-time retail payments platform (RPP) as the initiative offers great benefits.
— The Edge Markets

E-payments a cost-effective option to cash: BNM governor
Malaysia should forge ahead with greater vigour and perseverance to displace cash, as managing cash is expensive.
— New Straits Times

Catastrophic for Malaysia if transportation projects cancelled
Tens of thousands of Malaysians will lose their jobs if transportation projects which had been planned were cancelled, Prime Minister Datuk Seri Najib Razak said.
— New Straits Times

AEON expands its retail business in Malaysia
Malaysian capital Kuala Lumpur is a leading business and tourism hub in South East Asia.
— Business Standard

Proton to unveil first SUV jointly developed with Geely
Proton Holdings Bhd is set to launch a new sport utility vehicle (SUV), the first product jointly developed with its partner, Zhejiang Geely Holding Group Co Ltd (Zhejiang Geely).
— The Star Online

EPF plans one or two deals with foreign insurers in Malaysia
Malaysia’s state-run pension fund will soon decide which one or two foreign insurers it will do a deal with, Employees Provident Fund CEO Datuk Shahril Ridza Ridzuan says in Bloomberg Television interview.
— The Star Online

Invest in video game industry
PROFESSIONAL esports gaming organisation Mineski’s recent victory over China’s LGD to win the Dota 2 Asian Championships 2018 has shown that video games have grown from a household entertainment console to a global spectacle, which can attract millions of viewers.
— New Straits Times

NZ govt probes alleged steel dumping by China, Malaysia
The New Zealand government has launched an investigation into the alleged dumping of certain steel products from China and Malaysia.
— The Star Online

Five places to visit in Malaysia: hidden travel gems for those willing to persevere
With its tranquil islands, thick rainforest and pristine waters perfect for diving, Malaysia has an abundance of little visited treasures waiting for those prepared to get off the beaten track.
— South China Morning Post

MyHSR to partner with local institutes to train rail professionals
MyHSR Corporation Sdn Bhd (MyHSR Corp) is partnering with eight local education institutions to develop talents equipped with rail-related skills to fill high-skilled jobs for the Kuala Lumpur – Singapore High Speed Rail project.
— The Sun Daily

Lazada Cooperates with SME, Expands to Malaysia and Singapore
E-commerce platform Lazada will invite micro, small and medium enterprises (SMEs) incorporated with Lazada Indonesia to go international.
— Tempo

Fitters to supply pipes for Felda water project in Pahang
Fitters Diversified Bhd’s subsidiary Molecor (SEA) Sdn Bhd has been appointed as the strategic supplier of HYPRO® PVC-O pipes for Felda Water’s RM57.9 million project in Pahang.
— The Sun Daily

Malaysia awards 1,228MW projects
Malaysia has awarded large scale solar (LSS) projects with a total capacity of 1,228MW under an auctioning programme.
— The Star Online

Pharmaniaga bullish on Indonesian market
Pharmaniaga Bhd is bullish on the Indonesian market and expects revenue contribution from its operations there to grow 17-18% this year.
— The Sun Daily

Quantum of the Seas will return in SEA for six-month in 2019/2020
Royal Caribbean International has reaffirmed its confidence in Southeast Asia (SEA), including Malaysia as a destination and source market for cruise tourism.
— New Straits Times

GE14 to stimulate better domestic traffic
Seasonal factors as well as the 14th General Elections in the second quarter of 2018 (2Q18) are expected to stimulate better domestic traffic in airports under Malaysia Airports Holdings Bhd (MAHB).
— The Borneo Post

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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.