Malaysia Morning News For May 10

Malaysia Morning News For May 10
Estimated Reading Time: 5 minutes |

Malaysia morning newsMahathir-led opposition declares victory
MALAYSIA’S Opposition Pakatan Harapan (PH) on Wednesday night said it has won enough parliamentary seats in Malaysia’s general election to form the next government, but the Election Commission said no party has simple majority of 112 seats as of 1.42 am, with 47 seats yet to be confirmed.
— Business Times

Malaysia Elections: Lower Turnout, Not Enough Voting Stations
Malaysia’s 14th general elections ended at 5pm Malaysian time on May 9, with many voters complaining about logistical problems such as too few polling stations and the inconvenience that the elections were being held on a weekday.
— Investvine

Prime Minister Najib Razak defeated as opposition claims victory in Malaysia
Malaysian Prime Minister Najib Razak has suffered a stunning elections loss to former leader Mahathir Mohamad, who at 92 is set to become the world’s oldest leader.
— CNN

Malaysia GE: PM Najib fails to appear at Umno headquarters for press conference on election results
With almost an hour to midnight on Wednesday (May 9), Malaysian Prime Minister Najib Razak did not appear as eager media personnel camped out in Umno headquarters at the Putra World Trade Centre (PWTC).
— The Straits Times

Malaysia’s former leader set to become world’s oldest PM at 92
Former Malaysian leader Dr Mahathir Mohamad is poised to become the world’s oldest prime minister after defeating Najib Razak in a fiercely contested election that put an end to the ruling coalition’s six-decade hold on power.
— The Guardian

Malaysia’s economy to continue upward trajectory under Pakatan Harapan’s ruling
The surprise victory of Pakatan Harapan (PH) in the 14th General Election will not disrupt Malaysia’s growth as the country’s strong economic fundamentals are intact and will be able to cushion any possible knee-jerk reaction, experts said.
— The Borneo Post

Malaysia election: Ringgit weakens offshore after opposition claims poll win
Malaysia’s currency weakened in offshore trading after the opposition claimed victory in Wednesday’s general election.
— Channel NewsAsia

Trading opportunities seen in beaten down property stocks post-GE14
The property sector outlook remains challenging over the medium term and demand for properties may take sometime to recover in a more significant way, the research arm of Maybank Investment Bank Bhd (Maybank IB Research) observed, while also seeing trading opportunities in beaten down stocks post the 14th General Election (GE14).
— The Borneo Post

The country is safe, says IGP
The security in the country is still under control and police have urged the rakyat and ignore fake news spreading around regarding tension in the country.
— The Sun Daily

BN leads with 15 Parliamentary seats
As of 9.30pm, Barisan Nasional has officially won 15 Parliamentary seats, DAP four seats, PKR seven seats and Independent candidate one.
— New Straits Times

Malaysia: Tambunan ginger penetrates China & Singapore markets
A local man, who saw the potential of the area’s high quality ginger a decade ago, has successfully marketed the product in China and Singapore.
— Fresh Plaza

Thicker pay packets for Malaysians in 2017
The average monthly salaries and wages received by paid employees in Malaysia increased 8.1% to RM2,880 in 2017 from RM2,657 in the previous year, according to the Department of Statistics Malaysia.
— The Sun Daily

Foreign reserves to grow by 1.6 per cent
Malaysia’s foreign reserves expanded for its 16th consecutive month in April 2018, rising by US$1.7 billion or 1.6 per cent to US$109.5 billion.
— The Borneo Post

Innovative changes in public sector
GIVEN the drastic changes taking place across multiple fronts, humankind is, for the first time, witnessing a historic exponential transformation.
— New Straits Times

Malaysia Airports sees record results for 2017
Malaysia Airports Holdings Bhd (Malaysia Airports) has attributed its record results for the financial year ended December 31, 2017 (FY17) to the various operational improvements, efficiency measures and strategic partnerships it had undertaken throughout the year.
— The Borneo post

Robotics Process Automation could be the answer to Malaysia’s productivity problem
IT IS no secret that Malaysia needs to improve its economic productivity if it is to flourish in the years to come, with overall productivity declining by 3.6% in December 2017, according to recent studies.
— Digital News Asia

Dayang listed in RHB Investment’s top 20 small cap companies
Dayang Enterprise Holdings Bhd (Dayang) has been listed as RHB Investment Bank Bhd’s (RHB Investment) top Malaysian small cap companies in its ‘20 Jewels – 2018 Edition’ report as it views the group as poised to benefit from stronger demand for maintenance services from Petronas and other production sharing contracts (PSCs).
— The Borneo Post

Malaysia’s national stock exchange to close on Thursday and Friday
Malaysia’s national stock exchange Bursa Malaysia along with its subsidiaries will be closed on Thursday and Friday, the exchange said in a statement on Thursday morning.
— The Star Online

Analysts maintain ‘buy’ call on SP Setia
Analysts are neutral on SP Setia Bhd’s privatisation agreement with Kuala Lumpur City Hall (DBKL) for land in Cheras in return for the development of the Quality Sustainable People Housing (QSPH) project there, maintaining their ‘buy’ calls on the stock.
— The Sun Daily

Future of neuroscience education#
The human brain — a spongy, 1.5 kilogramme mass of tissue — is the most complex living structure in the universe that enables humans to achieve so much.
— New Straits Times

Google flies the flag for Malaysian election with new doodle
Google Malaysia has created a doodle to commemorate the 14th Malaysian General Election (GE14).
— Marketing

Maybank teams up with Manchester United for football game app
Malayan Banking Bhd (Maybank) scored a first when it partnered English football club Manchester United to launch the first-of its-kind Maybank Football Game App at the Maybank Treats Fair 2018 last Thursday, leveraging on gamification to facilitate card acquisition, rewards and loyalty, and lucky draws all in a single game application.
— The Sun Daily

Welsh Firms Encouraged To Embrace The Opportunities In Malaysia
No viable UK export business should fail because of a lack of finance or insurance from the private sector; and more firms could embrace the business opportunities available in Malaysia.
— Wales247

 

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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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