Malaysia morning news for April 25

Malaysia morning news for April 25

Malaysia morning newsWorld Bank keeps Malaysia’s 2019 GDP outlook at 4.7%
The World Bank Group has maintained Malaysia’s 2019 gross domestic product (GDP) growth forecast at 4.7 per cent, driven by private consumption.
— The Star Online

Malaysia to restart $34bn Kuala Lumpur development with Chinese partner
The government of Malaysia has said it plans to resurrect Bandar Malaysia, the country’s biggest ever real estate development, which it terminated in May 2017 after a dispute with a consortium made up of Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corp (CREC).
— Global Construction Review

Malaysia’s March CPI up 0.2 pct y/y, below forecast
Malaysia’s consumer price index rose 0.2 percent from a year earlier in March, rebounding after two months in deflationary territory, government data showed on Wednesday.
— Reuters

Malaysian government to help Sarawak farmers market products
The Malaysian Agriculture and Agro-Based Ministry has taken several initiatives to help farmers in rural Sarawak market their produce including through the Contract Farm Programme, the Direct Sales from Farm (JTDL) Programme and the MyBest Buy (MBB) Programme.
— Fresh Plaza

Dr M to be present at two significant MoU signings during official visit to China
A memorandum of understanding related to the East Coast Rail Link (ECRL) is among two significant documents to be signed during Tun Dr Mahathir Mohamad’s official visit to China.
— The Star Online

PGA foils attempt to smuggle LPG cylinders to Indonesia
An attempt by three men to smuggle 102 liquefied petroleum gas (LPG) cylinders to Indonesia at around 2.40pm yesterday was foiled in an operation dubbed ‘Op Libas’ at the Serikin Immigration, Customs, Quarantine and Safety (ICQS).
— The Borneo Post

May 10 hearing of application for Rosmah to declare property acquisition
The High Court today set May 10 to hear a prosecution application for Datin Seri Rosmah Mansor, wife of former prime minister Datuk Seri Najib Abdul Razak, to declare her property acquisition in a money-laundering case.
— The Sun Daily

We will send back plastic waste smuggled into Malaysia: Environment minister
The Malaysian government will not hesitate to send back plastic waste with false import declaration, the country’s Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said on Tuesday (Apr 23).
— Channel NewsAsia

China to create more high income jobs in Malaysia
China is keen to help Malaysia create more high-income jobs to boost the economy.
— New Straits Times

Malaysia’s EFE furniture trade show is ‘largest ever’
Officials with the Export Furniture Exhibition said the 2019 edition completed its largest ever show in its 15-year history.
— Furniture Today

How technology is shaping Malaysia’s economy
Technology may be transforming Malaysia into a digital economy, but the country needs to overcome several key challenges to rise above the pack, a top government official noted at a conference last week.
— Computer Weekly

Malaysian govt wants to make Sarawak an equal partner, so why did it say no?
It has been almost a year since Pakatan Harapan (PH) made history with its victory at the 14th Malaysian general election on May 9 2018. As part of its election manifesto, PH pledged that one of its core priorities would be the restoration of Sabah and Sarawak’s rights in accordance with the Malaysia Agreement 1963 (MA63).
— Today Online

Malaysia: Inflation back in positive territory
The persistence of low inflation has brought central bank (BNM) monetary easing back on the table for the next policy meeting on 7 May when we expect a 25 basis point cut in the overnight policy rate to 3.00%
— ING

Man jailed after driving 55 stolen Malaysian vehicles to Singapore to be exported
He helped to dispose of 55 Toyota vehicles which were stolen in Malaysia, driving them across the Causeway to Singapore to be exported to other countries.
— The Star Online

Consumers prepare early for water outage, hope supply resumes ahead of schedule
The move by Air Selangor Sdn Bhd (Air Selangor) to issue an early notice on water supply disruption due to upgrading works at the Sungai Selangor Phase 2 Water Treatment Plant (LRA SSP2), saw many make early preparations to get through the period.
— The Borneo Post

Multi-agency task force to check intrusion by foreign fishermen — Muhyiddin
A multi-agency task force will be set up soon to check the increasing incidence of encroachment by foreign fishermen, Home Minister Tan Sri Muhyiddin Yassin said yesterday.
— The Borneo Post

Number of places for matriculation students goes up from 25,000 to 40,000
The number of places for students enrolling for the Education Ministry’s matriculation programme has been increased to 40,000 from 25,000 previously.
— The Borneo Post

RM20 bil in agreements signed during Sabah CM’s China visit
This includes a joint venture to build and manage an integrated refinery and oil storage terminal at the Sipitang Oil and Gas Industrial Park at a cost of RM16.5 billion.
— FMT News

Malaysian palm oil price reverses losses on stronger demand outlook
Malaysian palm oil futures recouped earlier losses to close flat at the end of the trading day on Wednesday, helped by gains in the U.S. soyoil and on prospects of improving export demand
— The Star Online

Bid to smuggle 102 gas cylinders foiled
The Sarawak General Operations Force (Intelligence) on Tuesday foiled an attempt to smuggle out 102 gas cylinders. GOF Battalion 11 commanding officer Supt Rosdi Inai told a press conference.
— New Sarawak Tribune

S’wak first state to teach Maths, Science in English: Maszlee
The Sarawak government has agreed to be the first state to implement the teaching of Mathematics and Science in English for primary schools in the state, said Education Minister Dr.
— New Sarawak Tribune

Changing address on IC needs supporting documents
Application to change the address on identity card should be attached with supporting documents such as utility bill or assessment letter, effective May 2.
— New Sarawak Tribune

No shame? No problem. Allan Perera rocks the stage in one-man comedy show
In Malaysia’s Got No Shame, veteran performer Allan Perera (one half of Comedy Court, together with Indi Nadarajah) shows that he can definitely excel as well flying solo.
— Star2.com

TYT presents awards, medals to 163 recipients
A total of 163 people received awards and medals from Yang di-Pertua Negeri Tun Pehin Sri Abdul Taib Mahmud at the Astana yesterday. Leading the award recipients, who received the Darjah Johan Bintang Kenyalang (JBK), were Place Borneo Sdn Bhd director Gracie Veronica Geikie.
— The Borneo Post

Klang Valley folks seem prepared to face water cuts head on
Those living and working in Klang Valley seem to have prepared for the temporary water supply disruption from April 24 to 27, minus the few rants on social media.
— Malay Mail

Soldiers under Eastern Field Command ready to fight: Commander
The men of the Eastern Field Command (EFC) are well-trained and ready to defend the country in any event and under any threat. In giving this assurance, First Infantry.
— New Sarawak Tribune

Malaysia says it is keen for more ‘fair’ deals with China
Malaysia is hopeful of getting more “fair” investment from China, its foreign minister said on Tuesday (April 23), after both countries agreed to resume two multi-billion-dollar projects just before a Belt and Road conference in Beijing this week.
— The Straits Times

Don’t give up on ICERD, rights activists tell govt
Rights activists and academics have urged Putrajaya not to pull the plug on the International Convention on the Elimination of All Forms of Racial Discrimination (ICERD) just yet, saying the government should explain the treaty to the people instead of announcing the end of the road.
— FMT

Should Malaysia ban PUBG?
Scapegoating in most cultures is considered the norm. Myanmar scapegoats the Rohingya, China scapegoats the West and the United States (US) scapegoats its minorities.
— The Asean Post

Malaysia’s Leong Hup halves offer size, targets mid-May listing – sources
Malaysian poultry producer Leong Hup is targeting raising as much as $291 million in a scaled-down IPO in mid-May, sources with knowledge of the matter said, in what would be the Southeast Asian nation’s largest listing in nearly two years.
— Reuters

Malaysia’s March inflation at 0.2% y-o-y
Malaysia’s inflation rate, as measured by the Consumer Price Index (CPI), rose 0.2% in March 2019 to 121.1 from 120.9 in March 2018.
— The Edge Markets

Malaysian minister ropes in AirAsia boss to bring K-pop group BTS to Malaysia
Malaysia’s Youth and Sports Minister Syed Saddiq Syed Abdul Rahman promised on Tuesday (April 23) that he will do all he can to bring Korean K-pop group BTS to Malaysia in 2020.
— Today Online

Tourism Ministry denies Doraemon used for Visit Malaysia Year 2020
The Ministry of Tourism, Arts and Culture has denied that an exhibition of paintings featuring famous Japanese animated character Doraemon will be used to promote and become part of the attraction for Visit Malaysia Year 2020.
— The Sun Daily

Malaysia, Indonesia to tackle Sabah stateless issue
Malaysia and Ind­onesia took a giant step in addressing the complicated issue of stateless people in Sabah when the national human rights institutions of both countries signed a Memoran­dum of Understanding on the matter.
— The Star Online

HappyFresh partners AEON to deliver groceries to more Malaysians
HappyFresh, an online grocery delivery company, has teamed up with AEON Co (M) Bhd to provide Malaysians with better value at their convenience.
— New Straits Times

MRL says CCCC has no rights to extract minerals from ECRL land
Malaysia Rail Link Sdn Bhd (MRL) has refuted a claim that China Communications Construction Company Ltd (CCCC) will be able to state their claim on minerals or objects of interest during the construction of the 640-km East Coast Rail Link (ECRL) project.
— New Straits Times

Egypt keen to revitalise economic ties with Malaysia
Egypt is keen to revitalise economic ties with Malaysia and hopes to achieve US$1 billion (US$1=RM4.13) in bilateral trade this year.
— The Borneo Post

Ekovest plans to raise up to RM203m
Ekovest Bhd, controlled by its executive chairman Tan Sri Lim Kang Hoo, plans to raise up to RM202.59 million via a private placement to repay bank borrowings, fund property development projects and for working capital.
— New Straits Times

Water ‘ATM’ may make debut in Malaysia
Malaysia could see the introduction of an innovative way to bring water into rural and underdeveloped areas over the coming years, says water industry player Grundfos.
— Malay Mail

South Korean media company invests in streaming service iflix
The Malaysia-based company announced that it has received investment from South Korean media company JTBC Southeast Asia-wide streaming service iflix just announced the strategic investment it received from JTBC Content Hub, South Korean media company JTBC’s content distribution arm.
— e27

RHB Bank looking to disburse RM31b SME loans by 2021
RHB Bank Bhd, which approved RM7.2 billion SME loans last year, aims to grant RM31 billion in new and additional loans for SMEs by 2021.
— The Sun Daily

Amendment to employment act to safeguard workers’ welfare
The Human Resources Ministry will amend the Employment Act 1955 to further safeguard the welfare of workers.Its minister M. Kulasegaran (pix) said the proposed amendments which would also involve six other laws is expected to be tabled at the Dewan Rakyat sitting in July.
— The Sun Daily

Dr M to get Visionary Leader, Nation Builder prize for helping craft ‘New Malaysia’
Prime Minister Tun Dr Mahathir Mohamad will receive the “Visionary Leader and Nation Builder” Award at the 20th Asian Association of Management Organisations (AAMO) triennial conference and dinner on April 29.
— Malay Mail

Govt financier MDV says handing out loans to stop tech firms leaving Malaysia for neighbours
A government-linked financier, Malaysia Debt Ventures Berhad (MDV), is giving out loans to local startup technology companies in order to stop such companies from leaving the country.
— Malay Mail

Former finance minister Anwar says wouldn’t want the role now when country so cash-strapped
Datuk Seri Anwar Ibrahim said he would hesitate to accept the post of finance minister if this were offered when the country’s finances were in their current state.
— Malay Mail

Govt-linked financier out to stop others from Grab-bing local start-ups
Malaysia Debt Ventures wants to fund more companies to keep them in the country, unlike Grab which now has its headquarters in Singapore.
— FMT News

Petronas and federal govt representatives have to be present at summons withdrawal proceedings
The Kuala Lumpur High Court has postponed the proceedings to withdraw the Kelantan PAS’ government suit against Petronas and the Federal Government over petroleum royalty to May 17.
— The Sun Daily

Shahidan Kassim discharged from molest case after complaint dropped
Umno MP Datuk Seri Shahidan Kassim was discharged not amounting to acquittal today from a charge of molesting a minor, after the alleged victim dropped her complaint.
— Malay Mail

States should follow Selangor’s example on how to de-gazette land: MNS
The Malaysian Nature Society (MNS) wants other states to emulate Selangor’s practice of consulting with the people before changing the status of its lands.
— The Sun Daily

RM50 mln transferred to SRC CSR arm Ihsan Perdana, court told
A bank officer told the High Court here today that a total of RM50 million was transferred from an account of Gandingan Mentari Sdn Bhd to that of Ihsan Perdana Sdn Bhd in three transactions in 2014 and 2015.
— The Borneo Post

CAP warns of creative tobacco industry to beat new laws
It urges the health ministry to plug all loopholes in current legislation and anticipate how the tobacco industry will evolve in the future.
— FMT News

IGP denies Special Branch men involved in activist Amri’s ‘enforced disappearance’
Tan Sri Mohamad Fuzi Harun maintained today that no Special Branch officers from the federal police took part in the “enforced disappearance of Amri Che Mat.
— Malay Mail

Legoland scores a first promoting edutainment to over 500 Malaysian schools
Legoland® Malaysia Resort has launched Eduplay Express 2019, a programme to bring outdoor learning to 500 schools in Peninsular Malaysia, beginning with Johor.
— 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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