Malaysia Morning News For March 14

Malaysia Morning News For March 14

Malaysia morning newsMalaysia’s industrial production index up 3pct in Jan 2018
Malaysia’s Industrial Production Index (IPI) rose 3.0 per cent in January 2018 from the same month of 2017, supported by positive growth in all indices, manufacturing (4.8 per cent), mining (1.5 per cent) and electricity (4.3 per cent).
— New Straits Times

Kelington banks on industrial gases to spur earnings growth
Integrated engineering solutions provider Kelington Group Bhd aims to develop its industrial gases division to represent about 30 per cent of the group’s earnings within the next five years.
— New Straits Times

Anti-graft policies lacking in local firms: Transparency International Malaysia report
Many Malaysian businesses do not have anti-corruption programmes or policies in the company, according to Transparency International Malaysia’s Business Integrity Country Agenda (Bica) assessment report, which has urged businesses to implement anti-corruption programmes.
— The Sun Daily

UMW seeks majority stake in Malaysian carmaker Perodua for $235m
Malaysia-based investment holding firm UMW Holdings Berhad has announced plans to acquire a majority stake in carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua) by taking over automotive group MBM Resources Bhd (MBMR) and acquiring a stake held by PNB Equity Resources Corp (PERC).
— DealStreetAsia

MAPEX 2018 targeting RM500 million in sales
Real Estate & Housing Developers’ Association Malaysia (REHDA) is targeting sales of RM500 million for this year’s Malaysia Property Expo (MAPEX 2018), up from the estimated RM300 million last year.
— New Straits Times

Indonesia and Malaysia have political contests coming — and religious votes could make the difference
Malaysia and Indonesia have elections coming, and religious parties could play a central role in both.
— CNBC

Investment bankers facing up to 10 years in jail for insider trading
Two former investment bankers from AmInvestment Bank Bhd (AmInvest) are facing a 10-year jail term and a fine of not less than RM1 million for the insider trading of Hirotako Holdings Bhd shares in 2011.
— New Straits Times

Subang Aerotech Park to attract over RM1 billion investments in 5 years
Malaysia Airports Holdings Bhd (MAHB) is looking at developing a new terminal within five years as the current terminals, Kuala Lumpur International Airport (KLIA) and klia2, approach full capacity.
— The Sun Daily

Leading Insurer in Malaysia Selects Majesco Digital Solutions
Majesco (NYSE American: MJCO), a global provider of core insurance software and consulting services for insurance business transformation, today announced the selection of Majesco Digital Solutions by a leading insurer in Malaysia.
— Business Wire

Malaysia zones in on ‘personal responsibility’ to tackle rocketing diabetes and obesity rates
People have to take ownership of their lifestyle and find new ways to change their behaviour, as the debate over how best to tackle non-communicable diseases roars on in Malaysia.
— Food Navigator

Public service has improved
Last Thursday witnessed the launch of Tan Sri Sidek Hassan’s biography, No Wrong Door.
— New Straits Times

Exclusive: Investment veteran Rajendra Pai joins PE firm Navis as partner
Southeast Asia investment veteran Rajendra Pai has joined Asia-focused private equity firm Navis Capital Partners as a partner, a move that he claims is in line with the current efforts by Navis to keep up with the growth in investment opportunities in the region.
— DealStreetAsia

Finally, a female Michelin-starred chef from Malaysia: Kwen Liew from Ipoh who owns a restaurant in Paris
Ipoh-born Kwen Liew has joined the ranks of Michelin chefs, and she is believed to be the first Malaysian female to do so.
— Business Insider

American firm investing RM600 into Johor
Johor has received yet another foreign direct investment (FDI) from the United States.
— 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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