Malaysia morning news for April 23

Malaysia morning news for April 23

Malaysia morning newsMITI committed to luring quality investments: Darell
A year has almost passed since last May’s watershed general election which saw a historic change, not only in government, but Malaysia’s entire political landscape which also steered the country’s economy in a different direction.
— New Straits Times

Malaysia heading towards smart prison systems
The Malaysian Prisons Department is studying the viability of using artificial intelligence (AI) systems in its facilities.
— The Star Online

Malaysia committed to JB-S’pore rail project
Malaysia is committed to continuing the Johor Baru-Singapore Rapid Transit System Link (RTS) project despite asking for a six-month extension from Singapore, said Transport Minister Anthony Loke.
— Asia One

Where does Malaysia stand on China’s Belt and Road?
AMONG the central narratives that swept the Mahathir Mohamad-led coalition into power in 2018 were two intricately interwoven accusations levelled at the former government.First, that Barisan Nasional’s shady dealings were burdening the Malaysian people with unsustainable debt and second, that by cosying up to China the party was putting self-interest ahead of national interest.
— Asia Correspondent

Hijab under threat in Malaysia
According to the Qur’an chapter 24 verse 31, “And tell the believing women to reduce their vision and guard their private parts and not expose their adornment except that which appears thereof and to wrap (a portion of) their headcovers over their chests and not expose their adornment…”. The verse calls for women to cover their bodies and not expose it to anyone with the exception of their closest relatives.
— The Asean Post

Digi Q1 earnings drop 11.5% to RM341.5mil, 4.3 sen dividend declared
Digi.com Bhd’s net profit for the first quarter ended March 31 came in at RM341.5mil, 11.5% lower than in the previous corresponding quarter on the back of lower revenue.
— The Star Online

Market to re-rate as Malaysia-China ties warm, says AmInvestment
AmInvestment Bank Research has maintained its our end-2019 FBM KLCI target of 1,820 points.
— The Edge Markets

BNM international reserves increase to US$103.5b as at April 15
Bank Negara Malaysia’s (BNM) international reserves increased to US$103.5 billion as at April 15, 2019 from US$103 billion as of March 29, 2019.
— New Sarawak Tribune

Public Bank to approve RM50 bln mortgage in 3 years
Public Bank Group aims to approve RM50 billion in mortgage loans and RM40 billion small and medium enterprise (SME) loans in three years.
— New Sarawak Tribune

Petronas opens M’sia’s first auto expert centre
Petronas Lubricants Marketing Malaysia (PLMM), together with Petronas Lubricants International (PLI), has launched Malaysia’s first Petronas auto expert service centre, offering top-end products and high quality car maintenance services to customers.
— New Sarawak Tribune

Dr M wants to see Malaysia from his heydays as fourth PM
Tun Dr Mahathir Mohamad hopes to see the country’s economic performance return to that of the roaring 90s, or the zenith of his previous stint as prime minister.
— Malay Mail

CIMB says it has three IPOs in the pipeline amid soft market
CIMB Group Holdings Bhd has at least three initial public offerings (IPOs) in its pipeline this year despite subdued market conditions.”We have a few in the pipeline which we hope will happen this year.
— The Sun Daily

Umno leader: RM50,000 cheque from Najib kept off the books
A RM50,000 cheque that Padang Serai Umno received from former prime minister Datuk Seri Najib Razak was not recorded in the division’s accounts, the party division’s leader told the High Court today. Padang Serai Umno…
— Malay Mail

AmBank bags a ‘double’ at CGC SME awards
AmBank (M) Bhd bagged the Top Financial Institution (FI) Partner Award for Commercial category and Top FI Award for the Bumiputera category at the recent CGC SME Awards 2018.
— The Star Online

US don: It was too late for Malaysia to escape China’s web with ECRL
Malaysia could only renegotiate rather than cancel the East Coast Rail Link (ECRL) as China’s influence was already too rooted when Pakatan Harapan (PH) took over, according to one US economist.
— Malay Mail

Dr M puzzled by delay in nod for new CJ candidate
Prime Minister Tun Dr Mahathir Mohamad said he was perplexed by the expanded royal assent needed to appoint a new chief justice, which has held up Tan Sri Richard Malanjum’s replacement.
— Malay Mail

Malaysia: What’s happening to the ringgit? – ING
Prakash Sakpal, economist at ING, believes that the latest selloff in Malaysian government bonds and the ringgit (MYR) is overdone as nothing has changed in country’s economic fundamentals to warrant such a sudden shift in investor sentiment.
— Fxstreet

A year on, Pakatan minister Salahuddin touts success of expanding durian sales to China
KUALA LUMPUR, April 23 — Datuk Salahuddin Ayub considers negotiating a pathway to market and export durians whole to China as among his best achievements as agriculture and agro-based industry minister. Detailing how inspectors from the General…
— Malay Mail

HSL: Miri wastewater job moving ahead of schedule
KUCHING: Hock Seng Lee Bhd’s (HSL) RM333 million Miri wastewater project is progressing ahead of schedule, according to its chairman Datuk Idris Buang.
— New Sarawak Tribune

Salahuddin rates himself six out of 10 after a year as agriculture minister
KUALA LUMPUR, April 23 — Datuk Salahuddin Ayub has given himself an above average score when asked to rate his performance as agriculture and agro-based industry minister since Pakatan Harapan (PH) took over the government last May.
— Malay Mail

Syed Saddiq, Malaysia’s youngest minister, sees younger leaders in GLCs, agencies
Syed Saddiq Abdul Rahman believes that his biggest achievement since his appointment as youth and sports minister is bringing more youth to leadership positions. The 26-year-old, who made history on July 2, 2018 when he…
— Malay Mail

Bintulu Port biggest in East M’sia in terms of cargo volume handled
KUCHING: Bintulu Port was ranked third largest port in Malaysia in terms of cargo volume handled last year and the biggest in Sarawak and Sabah. “The port started as a…
— New Sarawak Tribune

Malaysia ready to import CSC beef
MALAYSIA has expressed readiness to import beef from the Cold Storage Company (CSC) once the firm meets international quality standards that the Asian country upholds.
— Chronicle

Two-month-old baby dies on AirAsia flight from Malaysia to Perth
A baby girl has died after a medical emergency on flight from Malaysia to Perth this morning.
— The West

This world-beating stock may just be everyone’s cup of cocoa
Chocolate demand in Asia is booming, and this Malaysian company sits at the epicenter.
— The Star Online

Public Bank to approve RM50bil mortgage, RM40bil SMEs loans in three years
Public Bank Group aims to approve RM50 billion in mortgage loans and RM40 billion small and medium enterprises (SMEs) loans in three years.
— The Star Online

Public Bank: Minimal impact if OPR is cut
There will only be a minimal impact upon Public Bank Bhd should Bank Negara decide to lower the overnight policy rate (OPR), said its MD and CEO Tan Sri Tay Ah Lek.
— The Star Online

Alliance Bank and Zurich Malaysia to generate RM200m in financing solutions over 15 years
Alliance Bank Malaysia Bhd and Zurich General Insurance Malaysia Bhd aims to generate RM200 million in financing solutions over their 15-year partnership following their bancassurance and banctakaful agreements inked today.
— New Straits Times

Putrajaya to help Orang Asli by pushing indigenous eco and agro-tourism
Prime Minister Tun Dr Mahathir Mohamad has promised to help improve the livelihoods of the Orang Asli by helping them develop business opportunities in tourism. The 93-year-old said his government has formulated strategies…
— Malay Mail

‘Almost half Malaysian consumers have their financial information compromised’
The report said 49 per cent of consumers from Malaysia have had their financial information compromised higher than the global average of 37 per cent.
— New Straits Times

Turboprop aircraft allows airlines to offer more flights for greater convenience
The resumption of Firefly services to Seletar, Singapore today marks a significant achievement for Malaysia’s premium short-haul airline to recoup its losses of about RM20 million monthly.
— New Straits Times

BNM international reserves rise to US$103.5b as at Apr 15
PETALING JAYA: Bank Negara Malaysia’s (BNM) international reserves increased 0.5% to US$103.5 billion (RM427.5 billion) as at April 15 from US$103 billion (RM425.4 billion) as at March 29.
— The Sun Daily

Malakoff power plant unaffected despite fire at conveyor belt
KUALA LUMPUR: Malakoff Corporation Bhd’s Tanjung Bin energy power plant was unaffected despite a fire had occurred on Monday morning which involved the conveyor belt carrying coal.
— The Star Online

Malakoff says fire at Tanjung Bin energy power plant doesn’t affect operations
Malakoff Corporation Bhd says a fire that occurred today at about 6am at the Tanjung Bin Energy Power Plant (TBE) in Pontian, Johor was an isolated incident which involves only the belt conveyor that carries coal to the power plant and does not affect the 1,000MW power plant itself.
— Malay Mail

Court of Appeal adjourns appeal hearing for wife of murdered bank manager
The Court of Appeal has adjourned the hearing of an appeal by Ling Hang Tsyr, the wife of slain bank manager Wong Jing Kui after one of the judges recused himself from the case.
— The Star Online

NGOs want end to race-based university admissions
Two groups called today for student and faculty admissions to universities to be based on merit instead of using racial quotas.
— Malay Mail

Ahead of anniversary, FT minister touts RM481m in public fund savings as largest feather in cap
PUTRAJAYA, April 22 — Federal Territories Minister Khalid Samad said the review of dubious land deals that ultimately saved RM481 million in public funds was the pride of his time so far in the Pakatan Harapan administration nearing one year in power.
— Malay Mail

Foreign fund outflow accelerates to RM433.4mil
Foreign funds shifted their selling mode into a higher gear last week, selling RM433.4mil net of local equities, according to MIDF Research.
— The Star Online

FT Ministry seeks up to RM10b to buy over Kampung Baru land
TR The Federal Territories Ministry said it needs between RM6 billion and RM10 billion to take over land in Kampung Baru to develop the Malay enclave.
— Malay Mail

Malaysian doctor in Australia suspended over offensive comments
An Australian medical tribunal has placed a Malaysian doctor practicing in Victoria State on a six-week suspension for professional misconduct over numerous offensive posts he had made online on Singaporean tech forum HardwareZone.
— The Borneo Post

Perak govt’s political training did not question Rulers, says Youth Assembly Speaker
Perak Youth Assembly Speaker Teoh Yee Chern today dismissed the Opposition’s allegations that a state-run political training had questioned the sovereignty of Malay rulers.
— Malay Mail

 

Feature photo T. R. Shankar Raman

This week’s Malaysia morning news feature photo acknowledges International Mother Earth Day, April 22.

 

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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