Malaysia Morning News For February 19

Malaysia Morning News For February 19

Malaysia morning newsMinister says enhancing digital infrastructure important for growth of digital economy
The government’s recent push to have more private sector investments in fiber deployment is meant to achieve the national objective of increasing broadband speeds and lowering prices, said Communications and Multimedia Minister Datuk Seri Salleh Said Keruak.
— Malay Mail Online

Malaysia wants to attract automotive investors from India
Malaysia is looking forward to lure automotive investors from India to the newly-launched National Automotive Cluster @ Proton City (NAC) in Tanjung Malim, says Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan.
— New Straits Times

Moves to boost trade with Ukraine: Matrade
Malaysia and Ukraine plan to ramp up trade promotional activities in an effort to boost trade between both nations, said Malaysia External Trade Development Corporation (Matrade) deputy CEO Datuk Wan Latiff Wan Musa.
— The Sun Daily

Malaysian economy healthier, growth broad-based, says BNM
Malaysia’s Gross Domestic Product (GDP) figures underscore a trend where the economy is becoming healthier, with growth becoming more broad-based across sectors amid a firm trajectory.
— The Borneo Post

Forex movements have only short-term impact on earnings: Major exporters
Top Glove Corp Bhd and Fraser & Neave Holdings Bhd (F&N), two of Malaysia’s largest exporters, said there will be no change to their hedging policies with a strengthening ringgit, stating that currency movements only have a short-term impact on earnings.
— The Sun Daily

Rigorous screening for new hires in financial industry on the card – BNM
Bank Negara Malaysia (BNM) will soon require financial institutions to undertake rigorous screening for their new hires as integrity is critical in enhancing confidence in the financial system.
— New Straits Times

Ahead of listing, MY hijab retailer Aidijuma acquires majority stake in UK’s Haute Elan
In a bid to expand into Europe ahead of its planned listing in 2020, Malaysia’s hijab seller Aidijuma Colors Group of Companies has acquired a majority stake in UK-based modest fashion and e-commerce retailer Haute Elan.
— DealStreetAsia

Malaysia wins WTO praise for impressive economic achievement
Forty-three World Trade Organisation (WTO) members who participated in a question and answer session at the recent two-day 7th Trade Policy Review (TPR) Of Malaysia, in Switzerland, commended the country for its impressive economic achievement, prudent trade and economic policies.
— New Straits Times

Indonesia mulls a halt to sending domestic workers to Malaysia
Indonesia is mulling to impose a moratorium on sending domestic workers to Malaysia following the recent death of an Indonesian maid from alleged abuses by her employer in Penang, The Jakarta Post Online reported on Saturday (Feb 17).
— Thai PBS

Further steps needed to thwart EU’s move to ban palm oil in biofuels
More engagements, consultations and follow-up actions are needed to remove the European Union’s (EU) threat to ban palm oil use in biofuels, said industry veteran Tan Sri Dr Yusof Basiron.
— The Sun Daily

Malfunctioning Langkawi cable car traps 88, leaves hundreds stranded
Eighty-eight people were trapped on a SkyCab cable car on Langkawi island due to a technical problem this evening.
— Malay Mail Online

Not right fish and expensive greens
Whether due to overfishing or even theft of marine resources by foreign fishermen active in our waters as alleged by industry sources, one thing is clear – seafood is not as abundantly available as before.
— Daily Express

Malaysia wishes wrong New Year with a barking rooster
The Malaysian government is facing ridicule after it took out a full-page advert to celebrate the Lunar New Year – featuring a barking rooster.
— BBC

Voices heard, CM assures Chinese
Chief Minister Tan Sri Musa Aman reassured the Chinese community in Sabah that their voices will never fall on deaf ears on the part of the government who always see them as important partners of development.
— Daily Express

 

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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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