Malaysia Morning News For May 9

Malaysia Morning News For May 9

Malaysia morning newsMalaysia’s ruling coalition losing ground, but could still win: survey
Malaysian Prime Minister Najib Razak’s ruling coalition has lost more ground in the lead-up to Wednesday’s general election, but it could still win enough parliamentary seats to cling on to power, a survey by an independent polling firm said.
— Reuters

Massive Police Presence To Safeguard Malaysia’s General Election
Around 68,000 uniformed police will be deployed during Malaysia’s polling day on May 9, including 12,700 civil and police volunteers, according to Malaysia’s Internal Security and Public Order Department, a unit under the Ministry of Home Affairs in charge of the enforcement of the country’s internal security laws.
— Investvine

Dual Thai nationality votes being ‘sold’ for today’s Malaysian election
MALAYSIAN authorities have tightened the border with Thailand after 200 people with dual nationality allegedly sold their votes in Northern Kelantan to cast ballots in today’s general election.
— The Nation

Median salary for employees in Malaysia increased by 7.7% in 2017
The value of median monthly salaries and wages received by employees rose 7.7% per annum to RM2,160 last year, from RM2,000 in 2016.
— The Star Online

Foreign reserves at US$110b as of April, expands 16 months in a row
The positive uptrend in Bank Negara Malaysia (BNM) foreign reserves is attributed to higher foreign buying into the local equity market and higher exports repatriation following higher trade surplus.
— New Straits Times

Malaysian PM Najib promises special holidays, tax exemptions if BN wins election
It was ten hours before Malaysians start electing their next government. On local television, the nation watched as its most powerful man delivered his final move on the political chessboard.
— Channel NewsAsia

Malaysia makes significant progress in UN SDGs
Malaysia has made significant progress in the adoption of the United Nations (UN) Sustainable Development Goals (SDGs) under the national development agenda, said Bank Negara Malaysia Deputy Governor, Jessica Chew Cheng Lian.
— The Borneo Post

Malaysia election: All you need to know
Prime Minister Najib Razak goes up against his one-time mentor Mahathir Mohamad in Malaysia’s 14th general election.
— Aljazeera

Commentary: Dear travellers – safety first as votes are cast on Malaysia’s Polling Day
Expect congestion, crowded rallies and heightened security forces as Malaysians head to the polls on Wednesday (May 9), says one observer.
— Channel NewsAsia

KLIMS ’18 rallies industry to ‘invigorate zeal in automobiles’
THE Malaysian Automotive Association (MAA) is rallying auto marques to invigorate the market for automobiles from four wheelers to two wheelers, automotive accessories products, car care products, lifestyle products associated with auto brands and commercial vehicles, at the Kuala Lumpur International Motor Show (KLIMS’18) this year.
— The Sun Daily

Malaysia election: Kelantan voters could turn to BN, Amanah as support for PAS wanes
A day before Malaysia’s 14th general election, many voters in Kelantan said they want a change in leadership in the state assembly.
— Channel News Asia

TNB to deploy mobility solution in peninsula by 3Q
Tenaga Nasional Bhd (TNB) plans to deploy its mobility solution for power lines and cable asset management throughout the peninsular by the third quarter of 2018.
— The Borneo Post

KLCI closes higher on local fund support ahead of GE14
Blue chips closed on a strong note on Tuesday, the eve of the closely-contested General Election, with local fund buying seen in key stocks including CIMB, Maybank and Axiata.
— The Star Online

Boustead Plantations to buy land, palm oil mill worth RM433 million
Boustead Plantations Bhd (BPB), as part of its overall strategy to expand its landbank, plans to acquire a 5,500 hectares (ha) of prime plantation land and a 60-tonne per hour (tph) palm oil mill in Sabah for RM433 million.
— The Borneo Post

Remittance cost for non-bank service providers falls below 3%, says Bank Negara
The average transaction cost made through non-bank remittance service providers in Malaysia has been lowered to 2.96% last year ahead of the United Nations’ (UN) expectations, the central bank said today.
— The Edge Markets

CIMB Research retains Add for DRB-Hicom, target price RM2.90
CIMB Equities Research is retain its earnings forecast and Add call for DRB-Hicom with an unchanged sum-of-parts based target price of RM2.90.
— The Star Online

Malaysia Airports eyeing rights to manage 5 India terminals
Malaysia Airports Holdings is eyeing five Indian airports in partnerships with others to secure management and operations rights, its managing director said Tuesday.
— Nikkei Asian Review

Malaysia Smelting Corp 1Q net profit down 64% on stronger ringgit
Tin miner and metal producer Malaysia Smelting Corp Bhd (MSC) saw its net profit fall 63.7% to RM4.58 million for its first financial quarter ended March 31, 2018 (1QFY18) from RM12.62 million a year ago, dragged down by its loss-making tin smelting segment and the strengthening of the ringgit against the US dollar.
— The Edge Markets

Malaysia continues to lead its peers in Sukuk issuance
IIFM Annual Sukuk report shows that the country maintains its lead over its peers from Far East and GCC as the top Sukuk issuer.
— Zawya

Malaysia grows skeptical of Chinese investment: Adam Minter
Chinese President Xi Jinping won’t be on the ballot when Malaysians vote for a new government on Wednesday. But he is on election billboards.
— The Edge Markets

Ranhill focuses on core business for its future growth
Ranhill Holdings Bhd is focused on strengthening prospects for its core businesses by tapping into opportunities in the environment and power sectors, both locally and overseas.
— New Straits Times

Sunzen Biotech acquires 70% stake in food firm for RM2.8m
Animal health specialist Sunzen Biotech Bhd is acquiring 70% equity interest in food items manufacturer Amplio Ingredients Sdn Bhd for RM2.8 million, to venture into the business of trading and distribution of food ingredients, personal care and food product, as well as increasing its revenue stream.
— The Sun Daily

Destini slapped with IRB lawsuit over RM6.58m tax bill
Destini Bhd is being sued by the Inland Revenue Board (IRB) over RM6.58 million in outstanding tax payments including penalties for the year of assessment of 2016.
— The Sun Daily

Data harvesting important to growth of remittance business: Bank Negara
Data harvesting from Malaysia’s remittance business, which currently stands at RM33 billion, is vital in order to push the segment even further, according to Bank Negara deputy governor Jessica Chew Cheng Lian.
— New Straits Times

Damansara Realty in joint bid for Johor-Singapore rapid transit system project
Damansara Realty Bhd (DBhd) is teaming up with China State Construction Engineering (M) Sdn Bhd (CSCEM) to tender for the 4km Johor Baru-Singapore Rapid Transit System (RTS) railway project.
— The Sun Daily

Little Movement Seen For Malaysia Stock Market
The Malaysia stock market on Tuesday snapped the four-day slide in which it had stumbled more than 40 points or 2.4 percent.
— Nasdaq

MTUC reiterates support for BN government
The Malaysian Trades Union Congress (MTUC) today maintained its support to the Barisan Nasional government, saying that Prime Minister Datuk Seri Najib Razak has done a lot to uplift workers’ status in the country.
— New Straits Times

Could Malaysia’s Mahathir Mohamad Become the World’s Oldest Leader? He Speaks to TIME About What Sparked His Political Comeback
More than five decades after he first hit the campaign trail, Malaysia’s longest-serving former prime minister Mahathir Mohamad is once again canvassing votes at the age of 92.
— Time

Malaysia’s MITEC joins International Association of Convention Centres
The Malaysia International Trade & Exhibition Centre (MITEC) has joined the International Association of Convention Centres (AIPC) and will participate in the 13th Annual AIPC Sales and Marketing Summit, which is held in co-operation with IMEX in Frankfurt, Germany, 15-17 May.
— CMW

 

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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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