Malaysia Morning News For April 25

Malaysia Morning News For April 25

Malaysia morning newsMalaysia’s total external reserves surges US$2.2b to US$110.0b in mid-April 2018
Malaysia’s total external reserves surged US$2.2 billion to US$110.0 billion at mid-April 2018, the highest since end of February 2015, underpinned by capital, trade and corporate flows.
— New Straits Times

Aerospace industry to generate annual revenue
The aerospace industry is targeted to generate annual revenue of RM55.2 billion and create more than 32,000 high-income jobs by 2030, says the Malaysia External Trade Development Corporation (Matrade).
— The Borneo Post

Multi-cornered fights and fresh faces in Selangor for upcoming Malaysia election
The Malaysian opposition is set to face vote-splitting multi-cornered fights for at least 20 out of 22 parliamentary seats, and 44 out of 56 state seats in its prized state Selangor in the coming Malaysia general election.
— Channel NewsAsia

Petronas delivers first LNG cargo to S-Oil Corp
Petroliam Nasional Bhd (Petronas), through its subsidiary Petronas LNG Ltd (PLL), has delivered its first liquefied natural gas (LNG) cargo to South Korean oil refining company S-Oil Corp last Sunday.
— The Sun Daily

METALTECH Joins UBM’s Leading Portfolio of Asean Metalworking and Machine Tools Events
METALTECH is Malaysia’s only annual event covering the entire manufacturing process industry and hosts nearly 500 exhibiting companies who are manufacturers, agents, and distributors of machine tools, sheet metal technology, and of the tools & tooling industries.
— AEC News Today/ PR Newswire (media release)

Nestle’s Q1 net profit rises to RM231 mln
Nestle (M) Bhd’s net profit for the first quarter ended March 31, 2018, increased slightly to RM231.21 million from RM230.687 million recorded in the same period last year.
— New Straits Times

Illicit products leave tobacco firms gasping for air
ONCE stock market darlings, tobacco companies in Malaysia have seen their fortunes tumble since 2015. And most troubling of all? There is no bottom in sight.
— The Edge Markets

China’s Xiaomi to open six more Mi Stores in Malaysia
China-based consumer electronics maker Xiaomi plans to open six more Mi Stores in Malaysia next month, bringing the number of its authorised stores here to 10.
— New Straits Times

Times are a-changin for the data centre industry in Malaysia
THE data centre industry in Malaysia has grown significantly in recent years, and with the entry of Alibaba Cloud, more changes are expected to happen within the industry, according to previous data.
— Digital News Asia

Billionaire leaves investors in dark over Public Bank succession
Public Bank Bhd investors seeking clues on who will succeed billionaire founder Tan Sri Teh Hong Piow as chairman of Malaysia’s most profitable lender were left in the dark at an annual meeting on Monday.
— The Star Online

LG Electronics optimistic on Malaysian consumers acceptance for LG ThinQ
LG Electronics Inc, a South Korean multinational electronics company, is positive on Malaysian consumers acceptance on its recently launched artificial intelligence (AI) enabled appliances, thus significantly boosting sales in the next one to three years.
— New Straits Times

Malaysia Says Palm Kernel Cake Could Replace US Sorghum for China
Beijing’s antidumping move last week on US sorghum imports could open an opportunity for Malaysia to sell palm kernel cake to China as an alternative animal feed, Malaysia’s Ministry of International Trade and Industry said.
— JakartaGlobe

EPF’s investments amounts RM4.86b in 192 small and medium-cap companies
The Employees Provident Fund (EPF) has invested a total of RM4.86 billion in 192 small and medium capitalised stocks in Malaysia through both its internal and external fund managers.
— New Straits Times

UOB Kay Hian Research expects weaker results from plantations
UOB Kay Hian Malaysia Research expects all companies under its coverage to register weaker on-quarter results on lower fresh fruit bunches (FFB) production and crude palm oil (CPO) average selling prices in the first quarter ended March 31, 2018.
— The Star Online

PPC secures RM322m contract to build parcel 2 BBCC project
Putra Perdana Construction Sdn Bhd (PPC) recently secured a RM322 million contract from BBCC Development Sdn Bhd to construct the main building works of the Bukit Bintang City Centre (BBCC) – Parcel 2.
— New Straits Times

Shareholders positive after Lotte’s bumpy start
Lotte Chemical Titan Holdings Bhd shareholders remain buoyant on the prospects of the petrochemical firm after a series of unfortunate events – share price slump, stop-work order and fire at its plant – in the first six months of listing marred the fanfare of being one of the largest listings the stock exchange has seen in the last five years.
— The Sun Daily

Sustainable development for future prosperity
SUSTAINABLE development is an approach to economic planning that attempts to foster economic growth while preserving the environment for future generations.
— New Straits Times

Westports expects growth to return in second half
Westports Holdings Bhd expects growth to return in the second half of the year after normalisation of the realignment in shipping alliances.
— The Sun Daily

In the contest for power, Malaysia’s resurgent states stake a claim
Ahead of Malaysia’s 14th general election (GE14), Johor’s crown prince Tunku Ismail Ibrahim (popularly known as TMJ) issued a statement earlier this month essentially calling for the maintenance of the incumbent UMNO government.
— New Mandala

Malaysia: Stocks end lower on Tuesday
MALAYSIAN stocks closed lower on Tuesday, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 15.02 points to 1,865.34.
— Business Times

Takaful Malaysia posts 23% higher earnings in Q1
Syarikat Takaful Malaysia Bhd’s first quarter earnings ended March 31, 2018, came in 23% higher year-on-year at RM69.98mil versus RM56.75mil previously on higher contributions from its general takaful division.
— The Star Online

Malaysia’s IHH makes ₹650-cr ‘binding offer’ for Fortis Healthcare
To stay in the race for a stake in Fortis Healthcare, Malaysia’s IHH Healthcare Bhd revised its offer for the Indian hospital chain on Tuesday, making a binding offer to infuse ₹650 crore through a preferential issue at ₹160 per share.
— The Hindu Business Line

 

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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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