Malaysia Morning News For March 16

Malaysia Morning News For March 16
Estimated Reading Time: 3 minutes |

Malaysia morning newsMalaysian capital market recorded 12.6 pct growth in 2017, says SC
The Malaysian capital market grew by 12.6 per cent to RM3.2 trillion last year, with double digit growth across all segments, says the Securities Commission Malaysia.
— New Straits Times

SKM targets RM50bil revenue from cooperatives by 2020
The Malaysia Co-operative Societies Commission (SKM) is eyeing a revenue contribution of RM50 billion from the co-operative movement nationwide by 2020.
— The Star Online

Private sector should drive the economy and be its biggest investor: Idris Jala
The government should not be the biggest investor in the country’s economy but instead it must be driven by the private sector, said advisor to the Prime Minister Datuk Seri Idris Jala.
— New Straits Times

Malaysia, Singapore stocks fall as trade war worries escalate
Malaysian shares declined Thursday after Nestle (Malaysia) tumbled for a second day, overshadowing reports of dissolution of the country’s parliament that could pave way for elections next month.
— Nikkei Asian Review

Najib announces RM2,000 aid for PNB staff
Some 1,500 staff members of Permodalan Nasional Berhad (PNB) will receive a special aid of RM2,000 each in conjunction with the company’s 40th anniversary, Prime Minister Datuk Seri Najib Razak announced today.
— Malay Mail

Tokyo Gas wins destination flexibility from new Malaysia LNG purchase
Tokyo Gas said on Wednesday it signed a heads of agreement to buy long-term liquefied natural gas (LNG) from a unit of Malaysian state oil firm Petronas with flexible destination clauses that are in line with the Japanese anti-trust body’s ruling last year.
— The Star Online

Malaysia’s parliament to be dissolved between March 28-30: The Star
Malaysia’s parliament will be dissolved on March 28, 29 or 30, making way for general elections that must be held by August, The Star newspaper said on Thursday without giving any sources for the report.
— Business Insider

CVC, Baird-backed bereavement firm Nirvana eyes expansion in Asia and beyond
Having worked its way up since 1990 in a burial ground in Malaysia to become Asia’s largest bereavement care service provider, Nirvana Asia says it is targeting further expansion within this continent and possibly beyond.
— DealStreetAsia

Land of buying opportunities
LIKE most of Malaysia during 2016 and 2017, the state of Perak — or more specifically Ipoh — had a slow year in terms of property market activity.
— New Straits Times

SC: Existing laws sufficient to regulate initial coin offerings
The Securities Commission of Malaysia (SC) believes existing securities laws are sufficient to regulate initial coin offerings (ICOs) but will do more if needed.
— The Sun Daily

Malaysia busts second elephant poaching gang in just over a year
Authorities have nabbed four men and busted an elephant poaching gang that they believe has slaughtered 20 pachyderms for their tusks over the last decade.
— Traffic

Malaysia-Thailand to sign MoU on dual citizenship issue, Thai DPM confirms
Malaysia and Thailand will sign a memorandum of understanding (MoU) on the issue of people holding dual citizenship, says Thai Deputy Prime Minister Gen Prawit Wongsuwan.
— Malay Mail

Jaks Resources: Claims against Star Media will total more than RM50 million
Jaks Resources Bhd’s total costs and disputed claim against Star Media Group Bhd would be much higher than the RM50 million bank guarantee called by Star Media, based on its preliminary estimate.
— The Sun Daily

 

Feature photo Phuket@photographer.net

 

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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

junior writer/ trainee journalist at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations. She commenced as an intern and was appointed as a junior writer/ trainee journalist on April 2, 2018

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