Malaysia morning news for February 19

Malaysia morning news for February 19

Malaysia morning newsMalaysia-China trade volume at record high of RM443b
Total trade volume between Malaysia and China reached a record high of US$108.6bil (RM443bil) in 2018, with the number of Chinese visitors into Malaysia increasing 29% to 2.94 million last year.
— The Star Online

Power sector’s third round of LSS tenders a positive devt
The power sector’s third round of large scale solar (LSS) tenders is ‘undoubtedly a positive development’, analysts say, given the government’s plan to significantly increase the country’s electricity.
— The Borneo Post

Islamic capital market size contracts to RM1.88 trillion in 2018
The Islamic capital market was valued at RM1.88 trillion, or 61 per cent of Malaysia’s overall capital market as at end-2018, said Securities Commission (SC) chairman Datuk Syed Zaid Albar.
— New Straits Times

EPF still waiting for MAHB’s response on AirAsia spat
The Employees Provident Fund (EPF) is still awaiting a response from Malaysia Airports Holdings Bhd (MAHB) to its letter of concern regarding its ongoing spat with AirAsia Group Bhd (AAGB).
— FMT

Stronger FY19 gas sales volume expected for Gas Malaysia
Maintain buy with a target price (TP) of RM 3.50: Gas Malaysia Bhd (GMB)’s 4QFY18 reported earnings declined by -16.7% year-on-year (y-o-y) to RM51.1 million versus RM61.3 million in 4QFY17. This brings the company’s cumulative FY18 earnings to come in broadly within ours and consensus expectations at RM180.4 million, making up 93% and 96% of our and consensus FY18 earnings estimates respectively.
— The Edge Markets

Malaysia Gets First Robot Hotel
Becoming increasingly popular in countries such as Japan, Singapore, China and Taiwan, the trend now comes to Southeast Asia: The first robot hotel will be launched by Eco World Development Group in its Eco Nest serviced apartments in Iskandar Puteri, Johor, about a ten-minute drive from Singapore, in the third quarter this year.
— Investvine

Malaysia launches 500 MW solar tender
Selected projects will range from 1-100 MW in capacity. The procurement exercise is the third round of Malaysia’s LSS program for large-scale renewables.
— PV Magazine

Equity, overseas investments main drivers for EPF income
The Employees Provident Fund has recorded RM50.88bil in gross investment income last year, registering a 10-year compound annual growth rate (CAGR) of 10.26%.
— The Star Online

Consumer confidence dips but Malaysians still positive on outlook
Malaysia has placed seventh globally on the Consumer Confidence Index (CCI), with an index score of 118 points in the fourth quarter of 2018 (4Q18), according to The Conference Board Global Consumer Confidence Survey, which is produced in collaboration with Nielsen.
— The Borneo Post

Malaysia doubles down on push to renegotiate water prices with Singapore
If you remember from the time when a Singaporean undergraduate traded verbal blows with the Malaysian prime minister at Oxford Union, the world’s oldest leader is still very miffed about the issue of water.
— Coconuts

Malaysia Airlines offers great discounts via Travelganza Deals
Malaysia Airlines is offering great discounts via its Travelganza Deals with up to 25% off on airfares to all destinations on Malaysia Airlines’ network from today until Feb 24, 2019.
— The Edge Markets

Special RM2b government guarantee scheme for SMEs
Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) today launched RM2 billion special government guarantee scheme to help the small and medium enterprises (SMEs) leap towards Industry 4.0.
— Malay Mail

Local O&G companies continue to be hurt by 2014 oil rout
The 2014 global oil rout continues to impact the oil and gas (O&G) sector in the country.
— The Malaysian Reserve

Malaysia’s Axiata accepts offer for Singapore mobile operator M1
Malaysia’s Axiata Group, the largest shareholder in Singapore mobile operator M1 Ltd, has accepted a bid from Singapore investors that valued M1 at S$1.9 billion ($1.4 billion).
— Business Insider

Guan Eng: I will announce Samurai bond subscription next month
Finance Minister Lim Guan Eng will give an update on the subscription rate of the Samurai Bonds next month.
— New Straits Times

Malaysian palm oil prices seen steady in 2019
Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 (US$565) a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while the global output of the tropical oil is expected to rise by 3 million tonnes.
— FMT

In the new Malaysia, signs of an older, uglier politics
In a swanky shopping mall underneath Kuala Lumpur’s iconic Petronas Towers, a traditional Chinese lion dance is attracting a crowd of delighted shoppers.
— CNN

Malaysia to press Singapore for water review
Malaysia will negotiate with Singapore for a realistic water price based on the current economic development.
— AsiaOne

Malaysia second country to run Facebook’s Terragraph trials (updated)
Malaysia is the second country in the world after Hungary to run trials for Terragraph, a new wireless technology, says Communications and Multimedia Minister Gobind Singh Deo.
— The Star Online

Why Malaysia, MCMC must prevail against piracy, network abuse
MALAYSIA is likely to join many developed countries in introducing new laws and updating existing ones to combat online piracy. The billion dollar question, however, is whether regulations will have enough bite and if change will come swiftly enough with the government looking to step up enforcement and stop leakages in tax revenue.
— The Edge Markets

KLK has potential to become top developer
Plantation-based Kuala Lumpur Kepong Bhd (KLK) has what it takes to morph into a top property developer, standing alongside the likes of SP Setia Bhd, Sime Darby Property Bhd, Gamuda Bhd and Eco World Group Development Bhd.
— New Straits Times

Fake degrees in Malaysia offered online from S$4,000
Fake degrees are very much in demand in Malaysia and may be had as cheaply as RM12,000 (S$4,000), a survey by The Malaysian Insight revealed.
— Today Online

YTL launches Asia’s first Terragraph trial in Penang
YTL Communications launched a large-scale Terragraph market pilot in the heritage city of George Town here today.
— Malay Mail

Khazanah : Additional funding for Malaysia Airlines will be based on its proposal
Any additional funding for Malaysia Airlines Bhd from Khazanah Nasional Bhd will be based on its proposal, says Khazanah chief executive officer Datuk Seri Shahril Ridza Ridzuan.
— The Edge Markets

Parliament to set up childcare centre this year, says Speaker
A childcare centre will be established in Parliament for the convenience of female MPs and parliament staff who have young children.
— Malay Mail

TSH reports fire incident at subsidiary’s factory
TSH Resources Bhd has reported a fire at a factory owned by its wholly owned subsidiary, Ekowood International Bhd.
— The Star Online

New survey finds that a quarter of Malaysians use pirated TV boxes
In a recent study of the online content viewing behaviour of Malaysian consumers, it was revealed that 25 per cent of consumers use a TV box which can be used to stream pirated television and video content.
— The Borneo Post

M’sia’s current account position likely to remain intact in 2019
Malaysia’s current account position has been projected by analysts to remain intact while others believe surplus will narrow further in 2019.
— The Borneo Post

Insurance industry has huge growth in Malaysia: EPF
The Employees Provident Fund (EPF) is currently evaluating on the type of assets that can be acquired in foreign insurance companies operating in the country.
— New Straits Times

Malaysian soldier held over fake notes he printed for fiancee to pay for wedding
He was short of money for his wedding next month. So he printed counterfeit notes totalling RM4,000 (S$1,300) and gave them to his fiancee for use on their big day.
AsiaOne

Malaysia to set up childcare centre in parliament
A childcare centre will be set up in Malaysia’s parliament for the convenience of female members of parliament and staff who have young children, Dewan Rakyat Speaker Mohamad Ariff Yusof said on Monday (Feb 18).
— Channel NewsAsia

Malaysia plans for age-friendly city
The Women, Family and Community Development Ministry, together with the United Nations Development Programme, is in the midst of planning an age-friendly city, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said today.
— The Sun Daily

Zeti says Malaysia’s 2019 economic growth should be as good if not better
The Malaysian economy as measured by gross domestic product (GDP) is to remain on a sturdy growth path in 2019, despite challenging market conditions, according to Permodalan Nasional Bhd (PNB) chairman Tan Sri Dr Zeti Akhtar Aziz.
— The Edge Markets

Malaysia lifts bauxite mining moratorium after 3-year ban
The Malaysian government said it would not extend its moratorium on bauxite mining which ends on March 31 due to strong demand for the material, state news agency Bernama reported on Monday (Feb 18).
— The Straits Times

McDermott Announces Contracts for Pan Malaysia Field Development
McDermott was awarded two contracts for Malaysian offshore projects- Work consists of transportation and installation of offshore structures, pipelines and pre-commissioning work- Awards mark McDermott’s first contracts in Malaysia since relocating Asia Pacific headquarters to Kuala Lumpur.
— Market Watch

Enterprising Malaysian creates a shopping roadmap!
ALTHOUGH Malaysians love the mall culture, there seems to be so many of them these days. Wouldn’t it be nice if there were some kind of mall directory where you can find whatever you want online before heading out to a mall?
— New Straits Times

 

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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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