Malaysia morning news for April 2

Malaysia morning news for April 2

Malaysia morning newsMalaysia was never an Asian Tiger, says economist
An economist has questioned Malaysia’s title as an “Asian Tiger” economy, saying the nation only ever qualified as a “little tiger” or “little dragon”.
— FMT

Malaysia’s factory production worsens but long term outlook is bright
The latest Nikkei Malaysia Manufacturing Purchasing Managers’ Index indicates deterioration in production trend for Malaysian manufacturers but their outlook of improved sales and output was at its strongest in almost a year.
— New Straits Times

Putrajaya says ‘no’ to lese majeste laws
The federal government said today it has no plans to introduce lèse majesté laws to curb insults against Malay rulers and the Yang di-Pertuan Agong on social media, saying existing laws are sufficient.
— Malay Mail

Manufacturing continues to deteriorate in March, but outlook brightens
The latest Purchasing Managers’ Index (PMI) data indicated that Malaysian manufacturers continued to face a challenging business environment at the end of the first quarter, with key survey gauges such as output and new orders falling.
— The Sun Daily

DPM: Like Trump’s wall, money is the biggest obstacle to Malaysia-Thai border wall
Like US President Donald Trump’s proposed US-Mexico border wall, money may be the biggest obstacle for the construction of a border wall along the Malaysia-Thailand border, says Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail.
— The Star Online

Religious Freedom In Malaysia Under Microscope
At the end of March 2019, the International Commission of Jurists (ICJ), in cooperation with the International Panel of Parliamentarians for Freedom of Religion or Belief (IPPFoRB), published a new report scrutinizing the protection and enjoyment of the right to freedom of religion or belief in Malaysia.
— Forbes

Malaysia may amend constitution and drop voting age to 18: Youth and sports minister
Malaysia’s Pakatan Harapan (PH) government will table a Bill to amend the constitution and lower the voting age from 21 to 18 years old at the next parliamentary session, said Youth and Sports Minister Syed Saddiq Abdul Rahman on Monday (Apr 1).
— Channel NewsAsia

Coffee Break: Remember Visit Malaysia Year? Yes, it’s back next year
Just the other day, someone asked me if I knew that next year is Visit Malaysia Year (VMY). Lamenting the apparent lack of promotions, he pointed out that time is running out.
— The Edge Markets

Turn Malaysia Airlines around? AirAsia has our plate full, says Fernandes
Tan Sri Tony Fernandes has said he is confident that local carrier Malaysia Airlines Bhd (MAB) can revert to its glory days but he is not the man for it, amid suggestions for him to take over the latter’s management.
— Malay Mail

Malaysia drafts monthly bauxite exports target at 600,000 tonnes
Malaysia has capped its monthly bauxite exports at 600,000 tonnes in draft proposals that aim to standardise the operating procedures for bauxite mining and export activities in its eastern state of Pahang.
— Reuters

ERL targets to increase five pct ridership this year, leveraging on API initiative
Express Rail Link Sdn Bhd (ERL) is targeting about five per cent growth in ridership this year from the current nine million range annually.
— New Straits Times

AirAsia offers promotional all-in-fares from KL to Quanzhou
AirAsia is offering promotional all-in-fares from RM99 to Quanzhou in Fujian, China, in conjunction with the launch of the new daily direct route from Kuala Lumpur commencing on May 1, 2019.
— The Star Online

Malaysia’s PMI hits three-month low, underperforms Asean
Malaysia’s Nikkei Manufacturing Purchasing Managers’ Index (PMI) deteriorated to a three-month low of 47.2 in March 2019, signalling a worsening of business conditions in contrast with its Asean neighbours.
— The Edge Markets

New Era of Pakistan- Malaysia relations
Malaysia and Pakistan enjoys very cordial relations. Both are Muslim states and developing countries. Both are facing similar issues like corruption. There exist many areas where Malaysia is good experience and Pakistan may learn from Malaysia. There also exist some areas, where Pakistan can contribute to Malaysian developments.
— Modern Diplomacy

Understanding SME financing in Malaysia
AS part of ongoing efforts to promote continued access to financing for small and medium enterprises (SMEs), Bank Negara conducted a survey in 2018 to obtain a better understanding of the financing needs and behaviour of SMEs.
— The Star Online

S’wak’s first RM30 student bus fare subsidy
MIRI: Sarawak’s first Student Transport Subsidy Programme, offering bus fare aid to secondary students from low-income families, was launched today with the participation of 60 students.DAP Pujut assemblyman, Dr Ting Tiong Choon, said the programme was a joint initiative by him and the Sekolah …
— The Sun Daily

Top Glove continues to face margin pressure
PETALING JAYA: Analysts believe that Top Glove Corp Bhd will continue to face downward pressure on margins in calendar year 2019 (CY19) as there will be an influx of glove supplies from the top rubber glove producers.
— The Sun Daily

Malaysia seeks Australia’s collaboration to ship out Lynas waste
Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin has written an official letter to her Australian counterpart to collaborate on the transfer of Lynas’ accumulated radioactive waste from Malaysia to Australia.
— The Edge Markets

Tanjung Pelepas Port has one advantage over Ports of Singapore: analyst
MMC Corp Bhd’s Tanjung Pelepas Port (PTP) has an advantage over Ports of Singapore, in terms of land availability, enabling a wider free zone to be setup.
— New Straits Times

Online petition gathers steam for Najib’s corruption trial to be aired live
An online petition calling for Datuk Seri Najib Razak’s corruption trial which starts on Wednesday (April 3) to be aired live on television has amassed about 46,000 signatures.
— The Star Online

Minister: Putrajaya to form high-level panel on foreigner domination of wet markets
The federal government will convene a special committee involving four ministries to tackle the issue of foreigners dominating local wet markets in the country, Datuk Salahuddin Ayub said today.
— Malay Mail

Poor start to Q2 for Bursa as banks face selling pressure
Foreign selling of banks especially Public Bank dragged the FBM KLCI into the red on the first day of the second quarter on Monday while other key Asian markets advanced.
— The Star Online

PPC calls for RFP for three plots of land
GEORGE TOWN: Penang Port Commission (PPC) is calling for a request for proposal (RFP) to develop three plots of land under , a 30 year-lease to unlock their values.
— New Straits Times

Banker Kong Sooi Lin appointed Eco World International director
KUALA LUMPUR: Veteran investment banker Datuk Kong Sooi Lin has been appointed as an independent and non-executive director of Eco World International Bhd (EWI) with effect from April 1.
— The Star Online

KUB appoints former second finance minister Johari as chairman
KUALA LUMPUR: Datuk Seri Johari Abdul Ghani has been appointed as KUB Malaysia Bhd’s new non-executive chairman, replacing Datuk Ahmad Ibnihajar.
— New Straits Times

TNB boosts 1,700MW renewable energy target with RM180m LSS project in Kedah
Tenaga Nasional Bhd (TNB) is boosting its target to provide up to 1,700 megawatts (MW) of renewable energy by 2025 with another large scale solar (LSS) project in Kedah.
— New Straits Times

Public Bank, Tenaga send KLCI into red in start of Q2
KUALA LUMPUR: Blue chips got off to a cautious start on Monday, the start of the second quarter, weighed down by losses in Public Bank, Hong Leong Bank and Tenaga Nasional.
— The Star Online

M’sia a standout emerging market in epayment
KUALA LUMPUR: Malaysia is one of the standout emerging markets that has quickly adopted to mobile payments, says WeChat Pay MY.
— The Borneo Post

GE14 tribunal yet to decide whether to make decision public or report directly to King
The tribunal looking into the allegations of misconduct committed by six former members of the Election Commission (EC) in the 14th general election (GE14) remained undecided on whether to announce their decision publicly.
— Malay Mail

NSC coordinates the technical specifications for the M’sia-Thai border fence
The National Security Council (NSC) will coordinate the technical specifications for the proposed border fence development between Malaysia and Thailand, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail (pix) told Dewan Rakyat today.
— The Sun Daily

DPM: Malaysia-Thailand border ‘wall’ in hands of National Security Council
The National Security Council (NSC) will coordinate the technical specifications for the proposed border fence development between Malaysia and Thailand, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail told Dewan.
— Malay Mail

Amid RM1.5b tax demand report, Najib claims foreign funds not taxable
Datuk Seri Najib Razak today claimed that foreign funding is not taxable in Malaysia, following a report that he was allegedly being billed for RM1.5 billion in income tax owed to the government.
— Malay Mail

Bring back centralised one agency system, Malay contractor group urges govt
Malaysian Malay Contractors’ Association (PKMM) president Datuk Mohamed Fadzill Hassan today urged the government to reintroduce a previous system of having all the government’s development projects centralised under one.
— Malay Mail

Bumiputera products not halal by default, says deputy minister
Bumiputera products do not necessarily become halal products automatically, said Deputy Minister in the Prime Minister’s Department Fuziah Salleh “When you are a Bumiputera industry player, it does not make your product.
— Malay Mail

Waytha: Govt will not table two national harmony Bills but favours a commission
KUALA LUMPUR: The government will not table two national harmony Bills aimed at strengthening racial and religious ties but is considering setting up a National Harmony and Reconciliation Commission instead, says P. Waytha Moorthy.
— The Star Online

 

Feature photo NASOM

This week’s Malaysia morning news feature photo acknowledges World Autism Awareness Day, April 2. 

 

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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