Malaysia Morning News For February 13

Malaysia Morning News For February 13

Malaysia morning newsMalaysia’s RHB Bank to acquire remaining 51% of Vietnam Securities Corporation
RHB Bank Bhd, Malaysia’s fourth-largest lender by assets, has announced that it plans to acquire the 51 per cent stake in Vietnam Securities Corporation (VNSEC) it does not currently own for VND121.63 million ($5.37 million) in cash.
— DealStreetAsia

Malaysia: Mandarin oranges costly this Chinese New Year
Mandarin oranges are costly this Chinese New Year due to a poor harvest in China.
— Fresh Plaza

Aerospace sector sees RM1b deals
Malaysia’s aerospace sector is expected to rake in RM1 billion in new investments and generate about RM12.7 billion in revenue this year.
— New Straits Times

Ajinomoto to buy land in Tabung Haji development for RM86.1m
Ajinomoto (Malaysia) Bhd proposes to purchase land in [email protected] Negeri Sembilan from Lembaga Tabung Haji and THP Enstek Development Sdn Bhd for RM86.1 million cash, to build a new manufacturing facility.
— The Sun Daily

Foreign funds sell RM1.75bil of Malaysian shares
There was an exodus of foreign funds from stocks listed on Bursa after six straight weeks of buying, according to MIDF Research.
— The Star Online

Malaysian SMEs at Singapore airshow record RM14 million in potential sales
THE 18 Malaysian small and medium enterprises (SMEs) that participated in the Singapore Airshow 2018, held on February 10 and 11, recorded RM14 million in potential sales.
— The Malaysian Insight

Half-day trading on Bursa Malaysia on Thursday
Trading on Bursa Malaysia will be opened for the morning session only on Thursday, which is the eve of the Chinese New Year (CNY).
— The Star Online

CCTV firm now accepts bitcoin
DNA Asia (M) Sdn Bhd, a leading local closed circuit television (CCTV) surveillance security system distributor, reseller and system integrator, has started accepted bitcoin transactions as mode of payment for its services.
— New Straits Times

RAM sees Malaysia economic growth at 5.3pct in Q4 of 2017
RAM Ratings forecasts Malaysia’s economic growth to have expanded at a slower pace of 5.3% in the fourth quarter of 2017 while growth for the year would be at 5.8%.
— The Star Online

Orgkhim Biochemical invest US$50m tp build facility in Johor
Norman Process Oils Malaysia Plant Sdn Bhd, a subsidiary of Orgkhim Biochemical Holding from Russia, is building a US$50 million (RM197.84 million) facility at Tanjung Langsat, Pasir Gudang to manufacture petroleum-based extender oils used in tires, synthetic rubbers and rubber compounds.
— New Straits Times

Mohd Ridzwan Nordin joins Monk’s Hill as venture partner
Monk’s Hill Ventures, a venture capital firm that invests in high-growth, post-seed stage technology startups in Southeast Asia, has announced the appointment of Mohd Ridzwan (Reez) Nordin as the firm’s venture partner, based in Kuala Lumpur, Malaysia.
— DealStreetAsia

Bank Negara Governor: Using disguise of being tied by regulations not valid excuse
Financial insitutions which view that regulation makes market players “boring” have become too complacent in their comfort zone and should undertake a reality check, says Bank Negara Malaysia Governor Tan Sri Muhammad Ibrahim.
— The Star Online

EC awards Sandakan power plant project
Ranhill Holdings Bhd said a consortium of companies, in which its subsidiary is a partner, had received a conditional letter of offer (CLOA) from the Energy Commission (EC) to develop an electricity power plant in Sandakan, Sabah.
— The Star Online

MAHB’s total network registers 7.6pc to 128.61 million passengers throughout 2017
Malaysia Airports Holdings Bhd’s (MAHB) network airports registered 7.6 per cent to 128.61 million passengers in 2017 from 119.56 million passengers in 2016.
— New Straits Times

Indonesian maid dies after alleged abuse by bosses
A 21-year-old maid who was covered with wounds and had been forced by her employers to sleep outdoors with a dog was pronounced dead in a hospital in Penang on Sunday afternoon, a day after being rescued from her ordeal.
— Asia Times

AmMetLife Takaful Bhd is confident of increasing the participation in ProtectSecure-i Murni
AmMetLife Takaful Bhd is confident of increasing the participation in ProtectSecure-i Murni after securing more than 800 applications worth in excess of RM1.5 million in terms of annual contributions through AmBank Islamic Bhd nationwide.
— New Straits Times

 

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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.

 

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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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