Malaysia Morning News For April 4

Malaysia Morning News For April 4

Malaysia morning newsMalaysia Airlines unveils three digital initiatives
Malaysia Airlines Bhd has unveiled three digital initiatives – MHguardian, MHfeedback and Facebook messenger BOT MHChat – to enhance passengers’ travel experience.
— The Borneo Post

Malaysia Remains An Attractive Investment Destination For The US
Malaysia remains an attractive investment destination for US businesses due to certain advantages country has, according to the American Malaysian Chamber of Commerce (AMCHAM).
— Malaysian Digest

Malaysia Banking on New Tourism Developments to Boost Visitor Arrivals in 2018
Malaysia is eyeing a total of 33.1 million tourists and RM134 billion receipts for 2018 on the back of new tourism developments expected for this year.
— TravelNewsAsia

Employment in Malaysia grew 2.1pct in 2017
Labour market conditions in Malaysia improved in 2017 with an employment growth of 2.1 per cent or net employment gains of 295,000 persons, three times higher than in 2016 (0.7 per cent) or 96,000 persons.
— The Star Online

FinTech firms in Malaysia show strong growth aspirations
A strong 73 per cent financial technology (FinTech) firms in Malaysia are planning to expand their footprint beyond their current markets, according to the Asean FinTech Census 2018 study by Ernst & Young (EY)
— New Straits Times

Petronas delivers first LNG cargo to Hokuriku Electric
Malaysian state-owned oil company Petroliam Nasional Bhd (Petronas) said today it has delivered its first liquefied natural gas (LNG) cargo to Japan’s Hokuriku Electric Power Co in mid-March.
— The Sun Daily

As GE14 draws near…or, why hold elections?
On the eve of GE13 (the 13th General Elections) in 2013, a senior member of the international press called me on the phone in Kuala Lumpur.
— New Mandala

Ringgit slips amid conflicting market signals
The ringgit opened lower against the US dollar today amidst contradictory signals abounding and with markets positioning for a trade war to escalate, lower oil prices as well as domestic headwinds starting to blow, a dealer said.
— The Star Online

CIMB partners Sompo for bancassurance
CIMB Group Holdings Bhd and Sompo Holdings (Asia) Pte Ltd have launched their bancassurance partnership in Malaysia, whereby CIMB will distribute Sompo’s non-life insurance solutions through its distribution network.
— The Sun Daily

Knowing financial products and services in the market
Before getting yourselves into the throng of financial confusion, it is important to know what financial products and services are out there in the market.
— The Borneo Post

GIIB to sell property for RM6.8m
Goodway Integrated Industries Bhd’s (GIIB) unit Goodway Rubber Industries Sdn Bhd has signed a sale and purchase agreement with CK Rubber Industries Sdn Bhd for the disposal of a warehouse-cum-office building for RM6.8 million cash.
— The Sun Daily

Expect post-election relief rally for construction stocks
Analysts anticipate a relief rally for construction stocks once the 14th General Election (GE14) concludes.
— The Borneo Post

U.S. State Department concerned by Malaysia’s ‘fake news’ bill
The U.S. State Department expressed concern on Tuesday at the Malaysian parliament’s approval of a bill that would allow prison terms of up to six years for spreading “fake news” – an expression frequently used by U.S. President Donald Trump.
— Business Insider

18 more laws to be amended before Malaysia can ratify CPTPP
Members of Parliament in Malaysia need to amend 18 more laws before the country can ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
— New Straits Times

UMW still pursuing takeover offer for MBM Resources
UWM Holdings Bhd is still not giving up on its take over bid for MBM Resources Bhd despite being rejected for the second time.
— The Sun Daily

Muar Furniture Park to be game-changer for local furniture industry
The development of Muar Furniture Park in Bakri will be a game-changer for the local furniture industry and will boost the industry further.
— New Straits Times

Malaysia intercepts boat carrying Rohingya refugees
Malaysia’s navy chief says authorities have detained a boat carrying 56 people believed to be Muslim Rohingya refugees who fled from Myanmar.
— Business Standard

Optimise plants to boost efficiency, reliability
POWER players in Malaysia have options to optimise plants by increasing efficiency and reliability with lower investments and faster turnaround rather than new capacity additions.
— New Straits Times

Rural development on target
Prime Minister Datuk Seri Najib Razak had promised, in 2013, to transform rural areas in Malaysia. This was to raise the standard of living of the rural communities so that they were on a par with the urban people, he had said then.
— New Straits Times

EDII signs deal to train hundred Malaysian entrepreneurs
Entrepreneurship Development Institute of India (EDII) has inked a memorandum of understanding (MoU) with the Government of Malaysia’s Human Resource Development (HRD) Fund on Monday.
— The Times Of India

MAA to pay another round of dividend, eyeing Russia O& G asset
Practice Note 17 (PN17) company MAA Group Bhd is paying out another round of dividends with RM32.82 million and allocating RM28 million for a potential investment in an independent oil producer in Kaliningrad, Russia.
— The Sun Daily

Agrobank appoints banker Syed Alwi as new chief
Agrobank, the government-owned agricultural development bank, has appointed Syed Alwi Mohamed Sultan as new president and chief executive officer effective Apr 2.
— The Star Online

With ‘unforgettable’ bag, Malaysian shoppers paid to cut plastic waste
British supermarket group Tesco has launched a scheme in Malaysia based on bags with barcodes, giving customers discounts on their shopping every time they reuse the bags.
— The Observer

 

Feature photo Jakub Michankow

 

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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