Malaysia Morning News For April 24

Public Bank to push ahead with business, digital innovation
Public Bank Bhd, which recorded another profit milestone in 2017 with profit before tax of RM7.12bil, will accelerate its business and digital innovation as well as pursue operational efficiency.
— The Star Online

Possible Malaysia-Singapore ‘Shinkansen’ Excites World Rail Body
The possibility of Japan’s world-famous Shinkansen bullet train system making its debut in Malaysia and Singapore has created some excitement within the International High Speed Rail Association (IHRA) with a senior official making a strong pitch for its adoption.
— Malaysian Digest

Asian Development Bank and Malaysia: Fact Sheet
ADB support in Malaysia has focused on advancing regional cooperation and integration, catalyzing private investments through public–private partnerships, and developing knowledge partnerships.
— Asian Development Bank

Najib cautions Malaysia Chinese community against ‘Malay tsunami’ ruse
Prime Minister Datuk Seri Najib Tun Razak today cautioned the Chinese community against falling for the DAP ruse of a so-called ‘Malay tsunami’ swing of Malay votes to the opposition in the 14th general election.
— The Edge Markets

CITP records overseas projects worth RM4.85b as at Dec 2017
The Construction Industry Transformation Programme (CITP) has seen Malaysian companies win RM4.85 billion worth of overseas projects from 2016 until December 2017.
— New Straits Times

Economists say Malaysian economy on right track, says Najib
Praise by economists that the Malaysian economy is on the right track proves the allegations of the Opposition purportedly that the nation will go bankrupt are untrue, says Prime Minister Datuk Seri Najib Razak.
— Malay Mail

KWAP posts record 2017 gross income, warns of market volatility
Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Malaysia’s second largest pension fund, has warned of market volatility arising from the general election affecting its investments, after managing a record gross income of RM9.03 billion in 2017.
— The Sun Daily

One group not profiting from Malaysia’s stock rally: Small caps
After a stellar 16% rally last year, small-cap stocks in Malaysia have had a rough start to 2018 as investors switch to defensive blue chips ahead of the nation’s 14th general elections next month.
— The Star Online

Caely to expand undergarments business through regional collaboration
Caely Holdings Bhd plans to expand its undergarments business through potential collaboration with lingerie companies in the region.
— New Straits Times

Seaweed superfood: Malaysia seeks UN recognition to boost international awareness
Malaysia is seeking recognition from the Food and Agriculture Organization (FAO) of the United Nations (UN) for its seaweed to be classed as a superfood.
— Food Navigator

Public Bank shareholders pay homage to Teh
In the first AGM after the announcement of Public Bank Bhd chairman Tan Sri Dr Teh Hong Piow’s retirement, shareholders took the opportunity to express their gratitude and commend him on his leadership of the group.
— The Sun Daily

Malaysia looks to widen tech exports in Germany
MALAYSIA is expected to expand its exports to Germany by promoting local industrial technology players and products at Hannover Messe 2018, to be held from today till April 27.
— The Malaysian Reserve

RM580m net inflow into Bursa, FBM KLCI hits record high
Foreign investors lapped up RM580.2 million net worth of Bursa Malaysia-listed stocks last week, excluding off-market deals, bucking the trend of US$1.9 billion (RM7.4 billion) offloaded by foreign investors in seven exchanges in the region tracked by MIDF Research.
— The Sun Daily

TNB signs LSS Photovoltaic PPA with Halpro
Tenaga Nasional Bhd (TNB) has signed the Large-Scale Solar (LSS) Photovoltaic Power Purchase Agreement (PPA) with Halpro Engineering Sdn Bhd, a special-purpose company set up by Majulia Sdn Bhd and Greencells GMBH.
— New Straits Times

Priceworth in MoU to supply container flooring to China’s Foshan Zhengsen
Priceworth International Bhd has signed a memorandum of understanding (MoU) to supply on a yearly basis 60,000 cubic metres of container flooring worth RMB192 million (RM120 million) to Chinese manufacturer Foshan Zhengsen Woodworking Co.
— The Sun Daily

Helping the poor should be mandatory
THE poor must not be allowed to endure poverty. But, they do because it is not obligatory to help them.
— New Straits Times

Feature photo My Train Pix

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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.