Malaysia Morning News For February 22

Malaysia Morning News For February 22

Malaysia morning newsGovernment serves winding-up petition on Eden over RM3.19m tax owed
The government has served a winding-up petition on Eden Inc Bhd as it seeking RM3.19mil allegedly owed to the Inland Revenue Board (IRB) for the years of assessments 2013 and 2014.
— The Star Online

‘Malaysia still attractive to Taiwanese investors’
LAST year, Taiwanese companies operating in Malaysia were complaining about the shortage of labour and the weakening of the ringgit, warning that they may be forced to relocate out of the country. But the mood seems to have changed.
— The Edge Markets

Marine Industries Association: Malaysia riding wave of consolidation in container shipping
The consolidation of big container shipping operating companies into alliances is a right trend to bring significant changes in the Malaysian marine industry, said the Association of Marine Industries Malaysia.
— Malay Mail Online

Malaysians have more confidence in job market
Malaysian employers and talent have a more optimistic outlook on the job market for the coming year, according to JobStreet.com’s Job Outlook Report 2018.
— The Star Online

Malaysia arrests 10 over links with South Philippines militants
Malaysian police have arrested 10 people on suspicion of aiding the movement of militants between the eastern state of Sabah and the southern Philippines, a hotbed of Islamic insurgency, the second batch of arrests this year.
— Nikkei Asian Review

Malaysian airports hit record 96.6 million passengers in 2017
Malaysia Airports Holdings Bhd’s (MAHB) passenger movements at its domestic airports grew 8.7 per cent to a record of 96.6 million passengers in 2017, surpassing the 90 million mark for the first time, Bernama reported on Wednesday.
— Business Recorders

New vehicles sales in January were 92 units lower
New vehicles sales for January was 0.2 per cent or 92 units lower than the same month last year.
— New Straits Times

Faced with new ownership rules, foreign insurers feel the heat in Malaysia
What’s long been one of the most attractive markets for insurers in Asia is turning ugly.
— DealStreetAsia

Caring Pharmacy Taps Capillary Technologies to Drive Customer Loyalty in Malaysia
Capillary Technologies, the Singapore headquartered product SaaS Company has been appointed as CRM and technology partner by Caring Pharmacy, a chain of community pharmacy in Malaysia.
— Asia One

DRB-Hicom, MBSB in focus, retail investors net buyers
DRB-Hicom and Malaysian Building Society Bhd (MBSB) rose in active trade on Wednesday ahead of the release of their much improved earnings amid the recent corporate exercises.
— The Star Online

Al-Salam REITs net profit falls to RM40.61m
Al-salam Real Estate Investment Trust’s (REIT) net profit fell to RM40.61 million in the financial year ended Dec 31, 2017 (FY17) from RM46.67 million in FY16.
— New Straits Times

PH developer raises stake in Malaysian firm
Ayala Land, Inc. (ALI) said a tender offer to the remaining shareholders of MCT Bhd. increased its stake in the company to 72.31 percent, from an earlier 50.19 percent.
— Malaya

Malakoff’s net profit halved to RM43.72m on lower capacity payment
Malakoff Corp Bhd’s net profit more than halved to RM43.72 million in the fourth quarter ended December 2017, from RM90.23 million in Q4 the previous year, mainly due to lower capacity payment recorded at Segari Energy Ventures Sdn Bhd.
— New Straits Times

MSM posts net loss of RM32.57m for FY17
MSM Malaysia Holdings Bhd posted net loss of RM32.57 million for the financial year ended Dec 31, 2017 against a net profit of RM120.72 million registered in 2016.
— 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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