Malaysia morning news for February 25

Malaysia morning news for February 25

Malaysia morning newsMalaysia’s GDP to expand 4.9 pct in 2019 – Guan Eng
Malaysia’s economy is going strong and the gross domestic product (GDP) is expected to expand a further 4.9 per cent in 2019, albeit a decline in inflationary pressure.
— New Straits Times

Sarawak to impose smoking ban from March 1, says minister
The smoking ban at all eateries in Sarawak will be implemented from March 1 as scheduled, said Sarawak Local Government and Housing Minister, Datuk Dr Sim Kui Hian.
— Malay Mail

Malaysia hits deflation for first time since 2009 global crisis
Malaysia’s economy swung into deflation in January for the first time since the aftermath of the global financial crisis in 2009 as fuel prices dropped.
— The Star Online

Malaysia’s auto industry off on a positive start
Malaysia’s automotive industry is off on a positive start this year, led by strong numbers recorded by national carmakers.
— The Borneo Post

Malaysia to Launch Probe into Allegations of Judicial Misconduct
Malaysian Prime Minister Mahathir Mohamad confirmed Thursday that his government would launch a formal inquiry into allegations of judicial misconduct – including in cases involving senior politician Anwar Ibrahim – made by a sitting appellate judge in a 65-page affidavit.
— Benar News

Anwar’s party PKR reaffirms support for Malaysian PM Mahathir and succession plan
February 24, 2019 7:37 PMPETALING JAYA (THE STAR/ASIA NEWS NETWORK) – Malaysia’s Parti Keadilan Rakyat (PKR) has reaffirmed its support for Prime Minister Mahathir Mohamad, amidst rumours that parties within the ruling Pakatan Harapan (PH) coalition were plotting a vote of no confidence against him.
— Straits Times (annoying popups)

Anwar and PM – who will blink first?
When Datuk Seri Anwar Ibrahim arrived at Unisel to give a talk ear lier this week, he was introduced as the eighth prime minister of Malaysia.
— The Nation (very annoying popups)

Malaysia set to take over four highways and tweak road charges to reduce voter angst
The Pakatan Harapan (PH) government, facing a stiff battle to retain a seat in a Selangor by-election, announced yesterday it is in talks with infrastructure firm Gamuda to take over four highways in the Klang Valley, and reduce toll charges.
— The Straits Times

Equity outflow by foreign investors narrows to RM18.8 mil
Foreign investors were net sellers in the Malaysian equity market, withdrawing RM18.8 million between Monday and Thursday, compared with RM263.5 million recorded during the previous week.

Malaysia transport minister’s press sec apologises for outburst
The press secretary of Malaysia’s Transport Minister Anthony Loke has apologised for his public outburst against Radio Television Malaysia (RTM) last week.
— The new paper

25 amazing homes in Malaysia that embrace nature
The words “open to sky” may need a bit of explanation but once you flip through the pages of •The Tropical Malaysian House•, the concept becomes much clearer. More importantly, it is one of the key characteristics that define the 25 Malaysian tropical houses featured in the book.
— Star2

Further recoveries ahead for AmBank
Further recoveries are expected from AMMB Holdings Bhd (AmBank) but analysts also opine that the group should not solely rely on the cost factor to sustain its earnings growth.
— The Borneo Post

Guan Eng upbeat on economy after January CPI data, more jobs created
Finance Minister Lim Guan Eng expects the country to grow a further 4.9% this year amid a decline in inflationary pressure while an additional 41,000 quality manufacturing jobs are expected to be created in the next two years.
— The Star Online

Malaysia transport minister Anthony Loke’s press secretary apologises over ‘heads must roll’ outburst
The press secretary of Malaysia’s Transport Minister Anthony Loke has apologised for his public outburst against Radio Television Malaysia (RTM) last week.
— The Strait Times

Government’s rationale to acquire tolled highways
Government’s 11 points explanation to buy over highway concessions.
— The Star Online

Market mismatch slows once-booming private property market in Penang
Discounts, lucky draws and freebies were everywhere at property fairs across Penang over the first weekend of the Chinese New Year period.
— Channel NewsAsia

Wisma Putra says Sabah is part of Malaysia, any other claims baseless
Malaysia reiterated that Sabah is part of Malaysia and any claims on the state are without basis.
— The Star Online

Bumi contractors in dire straits, want mega projects
Bumiputera contractors are in dire straits and want the government to give them jobs in mega projects.

Govt announces RM100 aid for IPT students
The Ministry of Finance (MOF) today announced aid of RM100 each for Malaysian students at institutions of higher learning (IPT).
— The Borneo Post

Malaysian gets five years in Aussie prison for smuggling cigarettes
A Malaysian man, arrested in 2017, has been sentenced to five years in prison for smuggling more than six million cigarettes into Australia, says the Australian Border Force (ABF).
— The Star Online

Anwar Ibrahim on the 1MDB scandal and Malaysia’s future
Anwar Ibrahim entered politics as a student leader in Malaysia in the 1970s and stunned many when he joined the ruling party, teaming up with then-Prime Minister Mahathir Mohamad.
— Aljazeera

Govt to announce more initiatives to help the people, Muhyiddin says
More initiatives will be announced by the government in helping and dealing with people’s problems, in addition to taking steps to take over four highway concessions that were announced on Saturday.
— Malay Mail

FBMKLCI to hit 1,760 in 2019, fuelled by foreign and local investors participation
Bursa Malaysia’s key index is xpected to reach 1,760 by this year end, fuelled by the participation of both local and foreign institutional investors.
— New Straits Times

Shopee University collaborates with FPX to kick-start e-commerce workshops
Shopee University has collaborated with FPX, the official online payment partner for Shopee, to empower more Malaysians to kick-start their e-commerce journey.
— The Borneo Post

Recession not on cards for Malaysia, says finance minister
Lim Guan Eng today assured Malaysians that the 0.7 per cent dip in last month’s Consumer Price Index (CPI), the lowest in nearly 10 years, does not signal recession or that the country’s economy is weakening.
— Malay mail

Axiata posts stunning RM5 billion net loss
Axiata Group Bhd posts more than RM5.0 billion net loss in 2018, no thanks to huge write-offs and impairments involving overseas units especially in India.
— New Straits Times

No doubts should exist over use of vaccines, says Mujahid
All vaccines produced in Malaysia have been approved by the authorities and the question of whether they are haram did not arise, Minister in the Prime Minister’s Department Mujahid Yusof Rawa said today.

Sime Darby Plantation considers exiting West Africa operations
Sime Darby Plantation, the world’s biggest oil palm planter by land holdings, is considering exiting its palm and rubber operations in the West African nation of Liberia, industry sources said.
— The Borneo Post

Malakoff’s net profit doubles to RM85.5 million
Malakoff Corp Bhd’s net profit for the fourth quarter ended December 2018 jumped more than two times to RM85.5 million from the same period in 2017 but the net profit for 2018 fell to RM274.4 million from RM295.9 million in the preceding year.
— New Straits Times

Fitch affirms Malaysia’s rating at ‘A-’, outlook stable
Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at ‘A-’ with a stable outlook.
— The Borneo Post


Feature photo International Rhino Foundation

This week’s Malaysia morning news feature photo acknowledges World Wildlife Day, March 3.


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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