Malaysia morning news for February 15

Malaysia morning news for February 15

Malaysia morning newsMalaysia’s FDI rises 1.3% to RM631.2b in Q4 2018
The foreign direct investment (FDI) in Malaysia increased 1.3% to RM631.2 billion in the fourth quarter (Q4) in 2018 from RM623.1 billion in Q3 2018, according to the Department of Statistics (DoS).
— The Sun Daily

Mahathir’s return sees Singapore-Malaysia relations navigating choppy waters
Having returned to the Malaysian prime ministership, Mahathir Mohamad is implementing a much-welcomed reform agenda and correcting governance ills introduced during his earlier reign.
— AEC News Today

Energy Commission announces 500MW large scale solar tender
The Energy Commission (EC), today announced it is requesting proposals for the development of large scale solar photovoltaic plant (LSS).
— The Star Online

Malaysia’s external debt at 64.7pct of GDP at end Dec 2018
Malaysia’s external debt stood at RM924.9 billion or 64.7 percent of the gross domestic product (GDP) as at end-December 2018, said Bank Negara Malaysia (BNM) in its Fourth Quarter 2018 Quarterly Bulletin released today.
— Malaysiakini

Businesses, residents hope Malaysia’s East Coast Rail Link will go ahead despite cancellation fears
Mr Hamid Salleh, 68, has to wait for hours, especially during festive seasons, for his grandchildren to return to Terengganu from Kuala Lumpur.
— Channel NewsAsia

Bank Negara raids eight illegal money services business firms in KL
Bank Negara Malaysia raided eight premises along Jalan Tuanku Abdul Rahman and Jalan Dato’ Keramat here on Tuesday for carrying out money changing and remittance business activities without a licence.
— The Star Online

EAC will allow MITI to contribute views on policies
The establishment of the Economic Action Council (EAC) will allow the Ministry of International Trade and Industry (MITI) to contribute views on the country’s economic policies, says Deputy Minister Dr Ong Kian Ming.
— The Borneo Post

Insurers urged to submit foreign ownership plans by early April
Malaysian insurers have until early April to submit their plans to meet the foreign ownership limit set by the central bank.
— The Sun Daily

Malaysia has no plans to emulate Thailand and enact lese majeste law
Malaysia has no plans to follow the footsteps of Thailand in enacting a lese majeste law to protect its Malay rulers.
— The Straits Times

Anwar says he expects to take power in Malaysia within two years
Malaysia’s would-be prime minister said he expects to take power from Tun Mahathir Mohamad in less than two years but wants to give the current leader enough time to govern effectively before he assumes control.
— The Straits Times

LRT3 project to resume in 2H
Works on the light rail transit 3 (LRT3) project are expected to resume in the second half of this year, according to Malaysian Resources Corp Bhd (MRCB).
— The Star Online

More cash, less control: New mantra for Malaysia’s sovereign wealth fund Khazanah
Malaysian sovereign wealth fund Khazanah Nasional will unveil a plan this month to deliver more cash to the government by pruning its stakes in non-strategic assets and dialling back its offshore presence in spots such as London, sources told Reuters.
— The Straits Times

Visit Malaysia 2020 – Not by numbers alone
MALAYSIA Tourism Promotion Board, or Tourism Malaysia, has big plans. By 2020, it is planning to bring in 36 million international tourists and RM168 in tourist receipts.
— New Straits times

Spats in the straits between Malaysia and Singapore
Australia has presented itself as a defender of the international “rules-based order” in response to rising challenges facing the United Nations Convention on the Law of the Sea (UNCLOS).
— Lowy Institute

Malaysia’s economy expands 4.7% in Q4 2018
The Malaysian economy grew at a faster pace of 4.7% in the fourth quarter (Q4) of 2018 driven by private sector activity.
— The Sun Daily

Can-One launches takeover of Kian Joo at RM3.10 a share
Can-One International Bhd, which owns 66.61% of Kian Joo Can Factory Bhd, has launched a conditional mandatory take-over for the latter at RM3.10 a share.
— The Star Online

RHB’s US$300m senior notes oversubscribed by over 6 times
RHB Bank Bhd has launched and priced a US$300 million (RM1.22 billion), five-year senior unsecured notes, marking the third issuance of its US$5 billion Euro Medium-Term Note (EMTN) Programme.
— The Sun Daily

Malaysia 4Q current account surplus rises to RM10.8b
Malaysia’s current account surplus grew to RM10.8 billion (US$2.7 billion) in the fourth quarter from RM3.8 billion in the previous three months, the government said on Thursday.
— The Edge Markets

Malaysia Still Under Pressure To Make Hepatitis C Medicine More Expensive
The government of Malaysia continues to face pressure from the United States pharmaceutical industry and potentially the US government to undo an action taken to make a key hepatitis C medicine more affordable in the country.
— IP Watch

Why leave out the next PM of Malaysia from EAC?
A glance at the newly announced lineup of the Economic Action Council (EAC) poses more questions than answers.
— FMT

Malaysia jails Vietnamese woman for illegal passport possession
A Malaysian court Wednesday sentenced a Vietnamese woman to a year in jail for illegal possession of passports.
— VnExpress

Don’t threaten media over degrees row, PH leaders told
An NGO championing media freedom has urged Pakatan Harapan (PH) government leaders not to threaten the media for questioning the academic credentials of some of them.
— FMT

Malaysia’s roadmap needs more clarity
THERE is legitimate concern that the Malaysian economy will slip into slower growth mode. The global economic outlook is not terribly promising.
— The Sun Daily

MALAYSIA – UNEMPLOYMENT RATE REMAINS STEADY IN DECEMBER
The jobless rate in Malaysia remained at 3.3% in December 2018, steady when compared to December 2017, according to data from Statistics Malaysia.
— Staffing Industry

National interests must prevail over China ties
As the Pakatan Harapan (PH) government draws closer to making a final determination on the East Coast Rail Link (ECRL), a campaign appears to be gathering momentum to pressure the government to revive Najib-era Belt and Road (BRI) projects.
— FMT

Education Ministry looking into over-regulation of private institutions
Education Minister Maszlee Malik said today the ministry was working on the issue of over-regulation of private higher education institutions that had been going on for “far too long”.
— Malay Mail

BNM raids KL money changing outlets
Bank Negara Malaysia recently raided eight money changing and remittance business premises operating without a license granted under section 7(1) of Money Services Business Act 2011 (MSBA), which is an offence under section 4(1) of the act.
— FMT

Analysts see improving outlook for Velesto Energy
Velesto Energy Bhd’s (Velesto) outlook for 2019 has been viewed positively by analysts as they expected higher utilisation of the company’s rigs for the next 12 months.
— The Borneo Post

Selangor Properties shareholders say yes to privatisation offer
Selangor Properties Bhd (SPB) shareholders have approved its largest shareholder Kayin Holdings Sdn Bhd’s plan to take the company private at RM6.30 per share.
— The Sun Daily

Strong recovery anticipated for CCK’s prospects
The team at Public Investment Bank Bhd (PublicInvest Research) sees strong recovery in Sarawak’s CCK Consolidated Holdings Bhd’s (CCK) prospects after having suffered from a double whammy in recent times due to a steep decline in egg prices and an increase in feedstock cost.
— The Borneo Post

 

Feature photo World Bank Photo Collection

This week’s Malaysia morning news feature photo acknowledges International Day of Women and Girls in Science, February 11. 

 

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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