Malaysia morning news for April 18

Malaysia morning news for April 18

Malaysia morning news

Retail industry to grow at faster pace of 4.5%
The Malaysian retail industry is expected to grow by 4.5% this year compared with 3.9% last year, due to the better business sentiment with China.
— The Star Online 

Malaysia could see RM33 bil outflow if bonds downgraded, says Morgan Stanley
Malaysia could see outflows of almost US$8 billion (RM33.12 billion) if its bonds are downgraded by global index provider FTSE Russell, Morgan Stanley said in a research note.
— FMT

Malaysia Airports digitalises procurement to strengthen governance
Malaysia Airports Holdings Bhd is strengthening its procurement governance by digitalising its processes on Lapasar, an e-market place platform, to ensure transparent business processes.
— The Edge Markets

MACC declares no corruption involved in Penang Undersea Tunnel project
Chow said the MACC had sent two letters to Consortium Zenith Construction Sdn Bhd (Zenith) and Zenith’s senior executive director Zarul Ahmad Mohd Zulkifli clearing them of any impropriety.
— Malaysia Capture

HSL bags RM298.98m contract to build bridge in Mukah
Hock Seng Lee Bhd (HSL) has clinched a RM298.98 million contract from Sarawak state government of Sarawak via Jabatan Kerja Raya for the proposed construction of the Batang Paloh Bridge in Mukah.
— New Straits Times

Perak govt welcomes restoration of Taiping Market
The state government has expressed its support to the Housing and Local Government ministry’s move to have the old Taiping Market restored and make it a new tourism product for the state.
— New Straits Times

MNCC organising conference to explain Industry 4.0, facilitate and fund SME adoption
Many small and medium enterprises (SMEs) in the manufacturing sector outside the Klang Valley are facing difficulties in adapting to the Industry 4.0 (I4.0) as they remain heavily reliant on physical labour.
— Malay Mail

MACC cleared undersea tunnel company and boss, says Penang CM – MalaysiaCapture
GEORGE TOWN: Penang Chief Minister Chow Kon Yeow says the state government will continue with the RM6.3 billion undersea tunnel and three roads project as those involved in building it have been cleared by anti-graft officials.
— Malaysia Capture

Sumatran rhinos no longer seen in Sabah – Christina
The Sumatran rhinoceros has no longer been sighted in Sabah, according to studies conducted at the Ulu Segama Forest Reserve and Tabin Wildlife Reserve in Lahad Datu.
— Malaysia Capture

Malaysia could see outflows of almost US$8b if bonds downgraded by FTSE: Morgan Stanley
Malaysia could see outflows of almost US$8bil if its bonds are downgraded by global index provider FTSE Russell, Morgan Stanley said in a research note.
— The Star Online

MACC raids Maika Holdings, company secretary – MalaysiaCapture
ANTI-GRAFT officers yesterday raided the offices of Maika Holdings and its company secretary, taking away documents as part of its investigations into allegations of corruption and abuse of power, said sources.
— Malaysia Capture

Malaysia to have clearer picture on easing Causeway jams in six months
The Malaysian government will get a clearer picture within the next six months on the ways to overcome congestion at the Causeway.
— The Straits Times

Malaysia probes book on Muslim women who refuse to wear headscarves
Malaysia’s religious authorities on Wednesday (Apr 17) said they were investigating a book about Muslim women who choose not to wear a hijab, prompting a backlash among women’s rights groups.
— Channel NewsAsia

The triple-camera Honor 20 Lite launches in Malaysia
Honor Malaysia has launched the new Honor 20 Lite, a midrange smartphone featuring a triple camera setup and an ultrawide lens, at an event in Kuala Lumpur.
— The Star Online

Boring prospects for Malaysian stock market
Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia.
— The Star Online

Malaysia suffers from a disconnection in real politics on both sides of the barrier
The disjoint is so huge that one would ask if it is possible for Pakatan Harapan, with its current cabinet composition, to fulfil the needs of the people and to break them away from the unrealistic claims of a deluded opposition?
— The Independent

Condo ‘fire’ in Malaysia turns out to be smoking pot of drugs boiling over
Responding to a distress call, officers from the Fire And Rescue Department broke into a condominium in Relau only to find drugs and other paraphernalia inside. Balik Pulau OCPD Supt A. Anbalagan said the condominium’s management had complained about smoke from the unit at about 9pm on Sunday.
— Asia One

NST Leader: Moneyless in Malaysia
SOME things are not as simple as they should be in Malaysia. Poverty is one of them.
— New Straits Times

Bahrain keen to develop global halal industry with Malaysia
Bahrain has voiced interest in developing the global halal industry with Malaysia, says Entrepreneur Development Minister Redzuan Yusof.
— FMT

Malaysia-Nordic trade positive, says Finnish ambassador
Nordic countries account for a combined trade of 750 million euros (about RM3.495 billion) in exports with Malaysia.
— New Straits Times

Maybank slips on exposure to Hyflux
Shares of Malayan Banking Bhd (Maybank) fell to a low of RM9.01 on Wednesday in a knee-jerk reaction to news that Singapore’s PUB would take over Hyflux’s Tuaspring desalination plant in the island nation.
— The Star ONline

TM: 5G opens up new domain for growth
The 5G technology will open up a new category of growth for Telekom Malaysia Bhd (TM), said its unifi head of products Nazeem Nasir.
— New Straits Times

TRX awards Gadang RM38.5m contract for North-South bridge
TRX City Sdn Bhd, the master developer of the upcoming international financial district Tun Razak Exchange, has awarded Gadang Engineering (M) Bhd a RM38.5 million contract to build a vehicular and pedestrian bridge connecting its North and South parcels.
— New Straits Times

Malaysia arrests Vietnam poachers and seizes tiger, bear parts
Malaysian authorities have arrested two suspected poachers from Vietnam and seized body parts from tigers and bears, a minister said Tuesday (Apr 16), as the country clamps down on rampant wildlife trafficking.
— Channel NewsAsia

Malindo Air launches inaugural flight to Adelaide
Malindo Air has launched its inaugural flight to Adelaide, via Denpasar (Bali) today.
— New Straits Times

This UMNO Assemblyman Thinks Chinese And Tamil Schools Destroy Unity In Malaysia
Yesterday, 16 April, Kemayan assemblyman Datuk Mohd Fadil Osman claimed that Chinese and Tamil vernacular schools destroy unity in Malaysia.
— Says

Why are early-stage investments abysmally low in Malaysia?
At a time when venture capital and private investors are increasingly evincing interest in the Asian market – particularly countries such as Singapore, Indonesia and India – Malaysian entrepreneurs are staring at an unusual funding gap.
— DealStreetAsia

Argentina-based online platform Workana expands footprint in Malaysia
Argentina-based online platform Workana is entering the Southeast Asia market with Malaysia at its helm to provide freelancers with equal opportunities in the technology and creative industries.
— The Edge Markets

24 transport department officers remanded by Malaysia anti-corruption agency
Twenty-nine individuals, including 24 enforcement officers from the Road Transport Department (JPJ), will be remanded by Malaysian Anti-Corruption Commission (MACC) on Wednesday (April 17).
— Asia One

SRC trial: MACC sought Najib’s AmBank papers weeks after GE14
The Malaysian Anti-Corruption Commission (MACC) had requested for and obtained details of Datuk Seri Najib Razak’s AmBank accounts just weeks after the 14th general election, according to details emerging from the former prime minister’s trial.
— Malay Mail

Hock Seng Lee awarded RM298.98m bridge construction contract
Hock Seng Lee Bhd (HSL) has received a letter of acceptance (LOA) from Sarawak state government via the state’s public works department for the proposed construction and completion of Batang Palong Bridge, Mukah with a contract value of RM298.98 million through an open tender exercise.
— The Sun Daily

Hibiscus Petroleum unfazed by production halt at Anasuria FPSO
Hibiscus Petroleum Bhd assured that the temporary production halt at Anasuria floating production storage and offloading (FPSO) is not expected to impact its crude oil offtake schedule or have any material effect on the group for the financial year ending June 30, 2019.
— The Sun Daily

Malaysia Airlines: Viral post on add-on baggage fees fake
Malaysian Airlines today said that a list of rates for its add-on baggage viralled on social media is incorrect.
— Malay Mail

Malaysia private investment firm RHL Ventures launches RM100m fund
MALAYSIAN multi-family private investment firm RHL Ventures has launched a RM100 million (S$32.8 million) fund to back Malaysian startups and early-stage small and medium enterprises (SMEs) with significant operations in Malaysia.
— Business Times

Ministry looking into setting up computer programming school
The Communications and Multimedia Ministry plans to set up a computer programming school for secondary school leavers.
— Malay Mail

 

Feature photo Tourism Malaysia Wilayah Selatan – Melaka

This week’s Thailand morning news feature photo acknowledges the Declaration of Malacca as Historical City (Malacca), April 15.

 

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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