Malaysia Morning News For March 12

Malaysia Morning News For March 12

Malaysia morning newsMalaysia unfazed by US import tariffs on steel, aluminium
While Malaysia may not see much of an impact from the United States’ move to go ahead with steel and aluminium import tariffs, the move is likely to trigger a surge in steel prices.
— The Sun Daily

Malaysia aims inking regional trade pact
Malaysia, fresh from signing a free trade pact involving 11 Pacific-rim countries, will now focus on concluding talks on Regional Comprehensive Economic Partnership, or RCEP to help secure new growth engines for the trade-reliant economy.
— Nikkei Asian Review

Malaysia’s DRB-Hicom sells non-industrial land assets for $486m
Malaysian conglomerate DRB-Hicom Bhd said on Thursday it was selling much of its non-industrial property assets and the entire hospitality portfolio for a total of 1.9 billion ringgit ($486.31 million).
— DealStreetAsia

Malaysia dubs foreign reporting on 1MDB as fake news
FOREIGN newspapers and broadcasters are spreading fake news about 1Malaysia Development Bhd as part of an agenda to damage Prime Minister Najib Razak’s reputation ahead of the 14th general election, said a deputy minister today.
— The Malaysian Insight

TNB’s Large Scale Solar project already 50pct completed
Tenaga Nasional Bhd (TNB)’s Large Scale Solar (LSS) project has already hit 50 per cent completion.
— New Straits Times

Malaysia Digest: SP Setia buys Federal Hill; Aerodyne acquires 60% stake in AtSite
S P Setia Berhad has acquired the remaining 50 per cent stake at Setia Federal Hill while Aerodyne Group has bought a 60 per cent stake in AtSite.
— DealStreetAsia

PHB, UEM and MSC consortium to launch Malaysia’s first luxury senior living
A consortium consisting of Pelaburan Hartanah Bhd (PHB), UEM Group Bhd and Japan’s Medical Care Service Inc (MCS) is set to launch Malaysia’s first luxury senior living with care services project, Rei Seraya Residence (Rei Seraya).
— New Straits Times

Does prosperity lead to obesity?
Kinabatangan MP Datuk Bung Moktar Radin has declared that there is a high rate of obesity among Malaysians because they are prosperous and well-fed.
— The Star Online

Govt mulls increase in minimum wage
THE government is mulling a proposal to increase minimum wage to help low- and middle-income earners cope with the rising cost of living.
— The Malaysian Insight

After CPTPP, Malaysia’s focus is now on RCEP
Following the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Thursday, Malaysia is now shifting its focus to conclude the Regional Comprehensive Economic Partnership (RCEP), said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
— The Borneo post

Malaysia Debt Ventures debuted its Islamic Venture Financing Programme
Malaysia Debt Ventures Bhd (MDV) a wholly owned subsidiary of the Minister of Finance Inc, last week launched its Islamic Venture Financing Programme (IVFP).
— New Straits Times

Parkson Holdings to expand in new malls, pull out from less popular ones
Parkson Holdings Bhd is looking to open in several new locations with a presence in newer and more exciting malls while exiting those that do not fit in with the company’s market dynamics.
— The Star Online

MPP to mark Malaysia’s biggest presence in Philippines
Malaysia will mark its biggest presence in the Philippines through the Malaysia Promotion Programme (MPP) in Manila from March 11 to 18, 2018.
— The Borneo Post

Tour new high-rise project in Subang Jaya
SIME Darby Property’s newest development in Subang Jaya – Lot 15 – is a favourite residential option among buyers, with new units open and available for purchase.
— The Star Online

Celebrating Design At 2018 Malaysian International Furniture Fair Awards
Young talent and innovative exhibitors basked in the limelight at the annual awards of Malaysian International Furniture Fair (MIFF) which has upped the design game to mark the opening of its largest show this year.
— Asia One


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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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