Malaysia morning news for April 10

Malaysia morning news for April 10

Malaysia morning newsMalaysia to impose levy on those flying out of country soon
Malaysia will impose a levy on anyone flying out the country when the Departure Levy Bill 2019 is passed in Parliament.
— Asia One

Malaysia’s former PM in the dock
A decade after taking the oath as Malaysia’s prime minister, Najib Razak has found himself in the dock on corruption charges.
— Public Financial International

Dr M: Malaysia stands firm over repeal of Anti-Fake News Act
Malaysia will stick by its decision to repeal the Anti-Fake News Act and will not follow its neighbour Singapore in bid to tackle “online falsehoods”.
— The Star Online

Malaysia, Singapore to share toll payment, ATM networks
Malaysia and Singapore announced on Tuesday (April 9) a cross-border toll payment smart card called Combi Card that may be used by motorists travelling in both countries.
— Today Online

Singapore, Malaysia affirm commitment to cooperative and forward-looking bilateral relationship
The prime ministers of Singapore and Malaysia affirmed their commitment to a cooperative and forward-looking bilateral relationship during the ninth Leaders’ Retreat between both countries, Prime Minister Lee Hsien Loong said on Tuesday (Apr 9).
— Channel NewsAsia

ECRL deal including palm oil purchase from Malaysia a positive move
The inclusion of palm oil purchase by China in the East Coast Rail Link (ECRL) potential revival deal is positive as it could allow Malaysia to potentially lock in higher palm oil export volumes to the republic over the next few years, said CIMB Research.
— New Straits Times

Malaysia wants to take back control of its airspace in stages
Malaysia wants to take back in stages control of its airspace over southern Johor that has been delegated to Singapore, Malaysian Prime Minister Mahathir Mohamad said yesterday.
— The Straits Times

Malaysia, Indonesia tie for top spot among Muslim-friendly travel destinations
Malaysia has taken the top spot in the MasterCard-CrescentRating Global Muslim Travel Index (GMTI) for the ninth year in a row, but for the first time, it is sharing that position with Indonesia.
— Malay Mail

Malaysia will soon charge travellers to fly out of its airports – and dodging the fee could land you a fine of RM1 million
Have a flight out of Malaysia? From June 1, you might have to pay extra for the privilege.
— Business Insider

Domestic politics drive Malaysia’s abrupt global court U-turn
Well, that was short lived. With the rounds of applause that accompanied its historic decision to accede to the Rome Statute still reverberating, on 5 April Malaysia announced it will withdraw from the International Criminal Court (ICC).
— Lowy Interpreter

Malaysia, Singapore to draft supplementary agreement on RTS project
Malaysia and Singapore are working towards a new supplementary agreement on the suspended Johor Bahru-Singapore Rapid Transit System Link (RTS) project, said Transport Minister Anthony Loke today.
— New Straits Times

Shellfish from Malaysia meets safety requirements for heavy metals: Singapore Food Agency
SINGAPORE: Samples and tests of shellfish imported from Malaysia meets Singapore’s food safety requirements for heavy metals, the Singapore Food Agency (SFA) said on Tuesday (Apr 9).
— Channel NewsAsia

Lunch outing for Malaysian family turns lucky with $330,000 win
A middle-aged housewife and her sons were in a yong taufu restaurant here for lunch recently when an elderly Indian man selling Big Sweep tickets approached them.
— Asia One

MAB’s affiliation with oneworld helps the airline expand its network globally
Malaysia Airlines Bhd’s (MAB) strategic alliance with oneworld has proven to be a boon for the national carrier to reap incremental passenger traffic globally, leveraging on oneworld’s network of 1,100 destinations (airports) in 180 territories.
— New Straits Times

UOBAM Malaysia’s fund delivers double-digit returns
UOB Asset Management Malaysia Bhd (UOBAM) has achieved total returns of 11.8 per cent for investors of the United Global Durable Equity Fund (UGDEF) since the fund’s launch on July 15, 2015.
— New Straits Times

Vehicle transshipment in Malaysian ports now exempted from AP, says minister
The government has exempted the approved permit (AP) requirement for vehicles transshipped from local ports since April 1 this year.
— Malay Mail

The pink diamond was not bought in Malaysia
The purchase of the pink diamond worth millions of ringgit did not take place in Malaysia, although the sales agent had brought the precious stone in and out of the country, according to deputy Finance Minister Datuk Amiruddin Hamzah.
— The Edge Markets

Urban renewal law, but what about minority home owners?
The National House Buyers Association (HBA) read with consternation the article “Putrajaya mulling urban renewal law, says FT minister”, which seems to have ignored the unconstitutional impact which a proposed urban redevelopment renewal law will have on house owners everywhere in Malaysia, whether within or outside of the Federal Territories.
— FMT

O&G stocks in bullish momentum
Oil and gas (O&G) counters such Icon Offshore Bhd (IOB), Hibiscus Petroleum Bhd (HPB) and Sapura Energy Bhd (SEB) has been showing positive upward trend over the past week, revealing solid bullish share price momentum for local players.
— New Straits Times

Plan to create one million jobs achievable – Kula Segaran
The Human Resource Ministry believes the government’s desire to create one million job opportunities as promised in the Pakatan Harapan (PH)’s manifesto in the 14th General Election can be achieved within five years.
— The Borneo Post

Sunway REIT shareholders greenlit RM550m land buy proposal
Sunway Real Estate Investment Trust (REIT) shareholders, today, greenlit the RM550 million land buy proposal.
— New Straits Times

More upside for Malaysia Airports as Firefly resumes Subang-Singapore flights
MIDF Research believes that Malaysia Airports Holdings Bhd (MAHB) will maintain its upward trajectory especially in terms of passenger growth amidst the relaxation of visa policies for Chinese and Indian nationals visiting Malaysia.
— The Star Online

Malaysia, Singapore to share toll payment, ATM networks
Malaysia and Singapore announced today a cross-border toll payment smart card called Combi Card that may be used by motorists travelling in both countries.
— Yahoo News

Who Is The Main Criminal? Sandakan’s Plain Sight Trade In Illegal Turtle Eggs
Thanks to a contorted traffic system, cars crawl through the centre of Sandakan causing a continuous block at a convenient corner, where locals say it is widely known that a gang of criminals openly ply their trade in illegal turtle eggs.
— Sarawak Reports

Putrajaya tables amendments to NSC Act
Putrajaya has tabled amendments to the National Security Council Act 2016 in the Dewan Rakyat, which will see the powers of the prime minister stripped as well as enhancements in punishments under existing provisions.
— FMT

Malaysia Airlines no longer offers free baggage allowance on the cheapest domestic fare
If you’re booking your next flight on Malaysia Airlines, do take note that there’s a revision when it comes to free check-in allowance. The cheapest fare listed might not come with check-in baggage allowance at all.
— Soyacincau

Eversendai bags RM196 mln contracts in the Middle East
Eversendai Corporation Bhd has secured three new projects with a combined value of RM196 million in Abu Dhabi and Qatar.
— The Borneo Post

Malaysia sees robust demand for govt papers in March
Malaysia’s capital market registered two consecutive months of net inflow of foreign funds with a net gain of RM3.8 billion in the first quarter of 2019, driven by foreign debt holdings in March.
— The Sun Daily

George Kent up after MyHSR announces open tender for technical consultant
Shares of construction group George Kent (Malaysia) Bhd are up by 9.17% on renewed optimism in the sector after the Government said it is seeking a consultant to advise on the suspended Kuala Lumpur-Singapore High-Speed Railway line (HSR).
— The Edge Markets

 

Feature photo BenarNews

 

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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