Malaysia Morning News For March 27

Malaysia Morning News For March 27

Malaysia morning newsMalaysia aims to curb ‘fake news’, proposes 10 years’ jail for offenders
The Malaysian government on Monday proposed a law to combat “fake news” which could see offenders jailed for 10 years, sparking fears authorities aim to stifle criticism as elections loom.
— Business Standard

Ringgit less susceptible to spikes in volatility, says UOB
The ringgit is expected to be less susceptible to sharp spikes in volatility compared with other regional currencies due to the support from favourable domestic growth drivers.
— The Sun Daily

Malaysia’s Central Bank Looking To Integrate Blockchain Into Banking System
Malaysia’s national bank hinted it is planning to integrate Blockchain in its banking part, its agent senator revealing ongoing advancement work in a discourse Thursday, March 22.
— HIBusiness

MRCB Land bags RM11 bil project to manage Bukit Jalil project
Bukit Jalil Sentral Property Sdn Bhd (BJSP), a wholly-owned unit of Rukun Juang Sdn Bhd, has appointed MRCB Land Sdn Bhd as the management contractor for a mixed development in Bukit Jalil.
— Free Malaysia Today

Maybank Research cautious on Yinson over Vietnam Red Emperor contract
Maybank Investment Bank Research is cautious on Yinson Holdings over the latest development in the Red Emperor or Ca Rong Do (CRD) project offshore Vietnam.
— The Star Online

Canon Marketing appoints Ogilvy & Mather Malaysia as communications agency
Canon Marketing (Malaysia) Sdn Bhd, a photographic and digital imaging solutions company, has appointed Ogilvy & Mather Malaysia as its communications agency beginning March 2018 for a period of one year.
— New Straits Times

Foreign funds step up buying on Bursa Malaysia
International investors upped the ante in stocks listed on Bursa despite the nerve-wrecking developments coming from the us, according to MIDF Research.
— The Star Online

Malaysian small businesses invest in technology and creating jobs
According to CPA Australia’s eighth annual Asia-Pacific Small Business Survey, Malaysia’s small businesses are experiencing positive business conditions – with many adding jobs and investing in technology.
— Human Resource Online

Foreigners at MIHAS 2018 open up opportunities for locals
The participation by international exhibitors, which took up 37 per cent of the 1,100 booths at the Malaysia International Halal Showcase 2018 (MIHAS 2018), is expected to open up opportunities for local companies to expand their businesses at the global level.
— New Straits Times

Palm rebounds from one-week low to edge up on export data
Malaysian palm oil futures rebounded from losses earlier in the day to rise on Monday evening, lifted by improving export data and technical buying.
— The Star Online

Riding the wave of 4IR
ONLY 25 of 100 countries evaluated by the World Economic Forum are positioned to benefit from Industry 4.0. Malaysia is one of them.
— New Straits Times

Sapura Energy signs pact for NZ permit
Sapura Energy Bhd’s wholly-owned subsidiary Sapura Exploration and Production (NZ) Sdn Bhd has secured farm-in agreements into five offshore exploration permits within the Taranaki Basin, in New Zealand, each of which it will hold 30% interest.
— The Sun Daily

Brighter prospects for Gamuda: analysts
Analysts have raised optimism on Gamuda Bhd’s prospects in the financial year ending, July 31, 2018 (FY18), in anticipation of stronger influx of mega projects.
— New Straits Times

Malaysia Bourse Poised To Snap Losing Streak
The Malaysia stock market has tracked lower in two straight sessions, retreating more than 15 points or 0.8 percent along the way.
— Business Insider

Asian Banker confers CIMB Bank Malaysia’s Best Retail Bank title again
The Asian Banker Awards has recognised CIMB Bank Bhd as the Best Retail Bank in Malaysia for the second year in a row.
— New Straits Times

AirAsia pushes for bigger digital play as it seeks to monetise customer data
Tony Fernandes, the co-founder of AirAsia Bhd, is seeking to transform Asia’s biggest budget airline into an asset-light, digitally focused firm after the $1 billion sale of its leasing business, in an effort to foster sustainable growth.
— DealStreetAsia

Malaysia first to offer gold in exchange for recycled plastics and cans
MALAYSIANS will soon be the first to earn gold by recycling their plastic bottles and aluminium cans.
— Digital News Asia

Property Guru: Asking price down in Q4 2017
The PropertyGuruMarket Index, which tracks the asking price of homes in Malaysia, continued to fall by 1.6% in the fourth quarter (Q4) of 2017 compared with a 0.2% decline in the third quarter.
— The Sun Daily

KLCI to track global markets, tick higher but gains seen limited
The FBM KLCI is expected to tick higher today, tracking overnight gains at most global markets.
— The Edge Markets

US-China trade war will hurt Malaysia, UOB economist says
Export-driven Asian economies such as Malaysia could be affected if a full-blown trade war between the US and China were to take place, United Overseas Bank (Malaysia) Bhd economist Julia Goh said.
— Malay Mail

 

Feature photo Jakub Michankow

 

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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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