Malaysia Morning News For April 9

Malaysia Morning News For April 9

Malaysia morning newsBN manifesto realistic and foward-looking, say economists
Barisan Nasional’s manifesto is a cornerstone in preparing Malaysia for the challenges ahead and positioning it to become one of the top 20 economies in the world, economists said.
— New Straits Times

Aluminum prices should stabilise despite uncertainties
Aluminum prices should stabilise as the research arm of Kenanga Investment Bank Bhd (Kenanga Research) does not expect further inventory buildup ahead despite the US-China trade disputes.
— The Borneo Post

Rendang-gate: Crispy Skin Criticism Steams Asean Netizens, Fuels Mems (video)
Netizens from Malaysian, Indonesia and Brunei reacted with furore on social media during the week after Zaleha Kadir Olpin was eliminated in the quarter-final of the latest episode of the BBCs MasterChef UK programme for presenting a chicken rendang without crispy skin.
— AEC News Today (video)

Loan Approval Rates For Houses Below RM500,000 Remain Stable: BNM
Housing loan approval rates for houses costing below RM500,000 have remained stable over the past few years at above 70%, said Bank Negara Malaysia (BNM).
— Malaysian Digest

BNM refutes report on living wage suggesting Malaysians are poor
Bank Negara Malaysia (BNM) is refuting a news report published on April 4, which said that its analysis on the living wage suggests that Malaysians are poor.
— New Straits Times

Long steel clouded by rising trade disputes, declining demand
The long steel is being clouded by rising uncertainties this time around with weak steel demand in China being the biggest concern right now for the local steel industry.
— The Borneo Post

Malaysia to extend duty-free exports of CPO
Malaysia will extend duty-free exports of crude palm oil (CPO) until April 30 to help clear high stocks in the country.
— New Straits Times

Exports expected to rebound after February’s poor showing
AmBank Research expects Malaysia’s export growth to rebound in the upcoming months supported by firm commodity prices, moderate demand growth in electrical and electronic and resource-based products as well as healthy global growth and trade.
— The Sun Daily

Najib vows to make Malaysia great
Malaysian Prime Minister Najib Razak unveiled a lavish election manifesto with cash benefits targeting rural ethnic Malays, his key voting bloc, as he faces an unprecedented challenge from a revived opposition led by his former mentor, Mahathir Mohamad.
— Business Mirror

RHB Islamic will introduce an e-commerce financing platform
RHB Islamic Bank Bhd (RHB Islamic) will be developing an e-commerce financing platform aimed to serve the digital entrepreneurs in Malaysia.
— New Straits Times

‘Malaysia can gain from US-China trade war’
Local businesses are likely to reap short-term benefits from the escalating trade war between the United States and China, according to two economists.
— Free Malaysia Today

Mahathir pledges to review China investment after Malaysia vote
Chinese investors in Malaysia will face more scrutiny if former prime minister Mahathir Mohamad wins back power in the upcoming election.
— The Business Times

Felda Global Ventures to step up mechanisation efforts
Felda Global Ventures Holdings Bhd (FGV) aims to increase mechanisation in its estates to 115,000ha or 35% of its total planted area by 2020, said group president and CEO Datuk Zakaria Arshad.
— The Sun Daily

The (re)making of Malaysia and its fabulous 1963 promise
With Malaysia’s Parliament now dissolved in the official rush to GE14’s polling day, Sabah and Sarawak are again crucial states determining the winning coalition.
— New Mandala

Suria Capital no longer selling Sabah Ports to MMC
Suria Capital Holdings Bhd is no longer pursuing the proposed disposal of Sabah Ports Sdn Bhd (SPSB) to MMC Corp Bhd’s wholly-owned unit, MMC Ports Holding Sdn Bhd.
— New Straits Times

11street achieves triple-fold growth over three years
11street (www.11street.my), which is celebrating its third birthday this April, achieved over 300 per cent growth in terms of its total gross merchandising volume from 2015 to 2017, with more than 13 million product listings from over 40,000 sellers.
— The Borneo Post

Avana to test Indonesian market
Fresh from securing US$1 million (RM3.87 million) in a pre-series A round last month, social commerce enabler Avana is building up momentum to test the Indonesian market for its next phase of growth.
— The Sun Daily

Malaysia election: Strong pushback against Johor prince’s remarks that imply support for BN government
The Crown Prince of Johor posted detailed comments about the state of politics in Malaysia over the weekend, telling voters not to be deceived by a “forked-tongue individual” and to try improve the current system “from the inside”.
— The Straits Times

Rohingya refugees seeking shelter in Malaysia
There are more than 62,000 Rohingya in Malaysia, escaping persecution at home in Myanmar, but are unable to settle down.
— Aljazeera

Malaysia’s attorney-general’s term extended another three years: report
Malaysia has extended the term of its attorney-general for another three years, state news agency Bernama reported on Sunday.
— Reuters

 

Feature photo OXLAEY

 

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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