Malaysia morning news for February 28

Malaysia morning news for February 28

Malaysia morning newsTourism sector contributed RM84.1 billion to Malaysia economy in 2018
The tourism sector contributed RM84.1 billion (US$20.7 billion) to Malaysia’s economy last year, up by 2.4 per cent compared to the RM82.2 billion the previous year, said Malaysia’s Tourism, Arts and Culture Minister Mohamaddin Ketapi on Wednesday (Feb 27).
— Channel NewsAsia

Malaysia ranks 19th globally on the Total Workforce Index
ManpowerGroup Solution’s latest Total Workforce Index (TWI) has ranked Malaysia as the 19th most favourable country for business based on productivity, cost efficiency, regulation and skills availability.
— Human Resource Online

Incentives for the property market in March 2019
Governments play an important role in any property market because they act as influencers.
— FMT

Penang in five-year plan to improve backlanes
Penang is rolling out a five-year action plan to upgrade 9km of backlanes and create 10 acres of green open spaces within the Unesco World Heritage zone.
— Malay Mail

Temperatures could hit 40°C in some parts of Malaysia, expert warns
A weather expert has warned of extreme droughts and heavy rainfall in the country due to global climate change if world temperatures continue to rise.
— FMT

CIMB Research retains Hold call for Maybank
CIMB Equities Research reiterates its Hold call on Maybank as it thinks that the stock is fairly valued at an FY19 P/E of 12.4 times, which is above the five-year average of 11.5 times.
— The Star Online

Faster approval for Malaysia My Second Home programme?
The Ministry of Tourism, Arts and Culture will set up a task force to speed up the approval process of the Malaysia My Second Home (MM2H) programme.
— The Sun Daily

Brunei, Malaysia to boost trade, investment
MALAYSIA continues to be one of Brunei Darussalam’s key trading partners, with 8.5 per cent of merchandise exports being from Brunei Darussalam to Malaysia, and with 11.9 per cent of Brunei Darussalam’s merchandise imports originating from Malaysia in 2018.
— Borneo Bulletin

Singtel says Dash users can soon use digital wallet in Malaysia after Axiata tie-up
Singtel’s Dash subscribers could start using the digital wallet to pay for purchases in Malaysia as early as June this year, after the Singapore telco announced its tie-up with Axiata Digital on Wednesday (Feb 27).
— Channel NewsAsia

Najib says sorry for statement against highway users, LGBT community
Former prime minister Datuk Seri Najib Tun Razak has apologised for his statement against those who work at night or use tolled highways after 11pm.
— AsiaOne

Visit Malaysia campaign targets 30 million tourists by 2020
With a total of 25.8 million international tourists arriving in Malaysia in 2018, nation’s ambitious growth plans still call for boosting visitor numbers to this exotic, exciting and welcoming destination even more in the near future.
— Eturbo News

Trading in MAA securities halted pending announcement
Trading in the securities of MAA Group Bhd has been suspended today pending a material announcement.
— The Edge Markets

Norway Pushes for Sustainable Palm Oil to Forge Malaysia Deal
Norway’s Trade Minister Torbjorn Roe Isaksen is this week touring parts of Asia to strengthen the country’s trade relationship with emerging economies, and to make strides in protracted trade negotiations with Malaysia.
— Bloomberg

Glencore complains to LME about access to metal in Malaysia
Glencore has lodged a complaint with the London Metal Exchange (LME) about the company’s inability to take speedy delivery of aluminum from warehouses owned by ISTIM UK in Port Klang, Malaysia, two sources familiar with the matter said.
— The Star Online

Malaysians vote Dr M, Loke best Pakatan communicators, survey shows
Prime Minister Tun Dr Mahathir Mohamad and Transport Minister Anthony Loke were picked by Malaysians as the best communicators of the Pakatan Harapan (PH) government’s policies.
— Malay Mail

Ringgit rebounds against US$ on concerns about the greenback
The ringgit rebounded from Tuesday’s losses to trade marginally higher against the US dollar early Wednesday, as investors shifted interest to the emerging currencies due to the growing concern over the outlook on the greenback, a dealer said.
— The Star Online

CLIQ Energy to be de-listed on March 4
CLIQ Energy Bhd will be de-listed from Bursa Malaysia on next Monday, March 4, the company said today.
— The Sun daily

Woman loses almost RM500,000 in ASB savings to scam
A woman in Sungai Ara, Bayan Lepas here lost almost half a million ringgit in savings from her Amanah Saham Bumiputera (ASB) account after being duped by a syndicate who claimed that they could save her from a death sentence.
— Malay Mail

Malaysian varsities see drops in latest QS rankings by subject
The decrease in employer satisfaction with graduates from Malaysian universities has resulted in the drop of rankings for the country’s universities in the latest edition of QS World University Rankings by Subject 2019 released today.
— New Straits times

Malaysia’s flying car plan jets into controversy
Malaysia plans to launch a flying car, a minister has said, sparking a flood of mockery in a country with a chequered history when it comes to automotive projects.
— The Straits Times

Dry spell affects water levels at Johor’s major dams amid heatwave in Malaysia
Water levels at two major dams in Johor state are hovering around the critical point, as parts of Malaysia experience a heatwave.
— Channel NewsAsia

How Would Anwar Ibrahim Change Malaysia’s Foreign Policy as Prime Minister?
While the question may be difficult to answer, it is worth asking given how little we know thus far and how much Malaysia has on its plate.
— The Diplomat

Genting Malaysia posts first annual net loss since 2000, pays 13 sen dividend
Genting Malaysia Bhd’s net profit jumped 60.11% to RM720.14 million in its fourth quarter ended Dec 31, 2018 (4QFY18), from RM449.79 million a year ago on the back of lower effective tax rate, but still closed the year in the red thereafter — its first loss-making one since 2000 — on higher impairment losses.
— The Edge Markets

Media Prima swings back into black in FY18
Media Prima Bhd has swung back into the black with a net profit of RM58.9 million in the year ended December 31 2018, reversing the net loss of RM699 million previously.
— New Straits times

Smugglers arrested in Malaysia with more than 3,000 rare turtles
Smugglers were arrested in Malaysia on Wednesday (Feb 27) with more than 3,300 endangered turtles aboard their boat, officials said, as the country battles to clamp down on the burgeoning illicit wildlife trade.
— Channel NewsAsia

Record profit for RHB Group, revenue hits RM12.7bil in 2018
RHB Bank Bhd posted a record net profit of RM2.31 billion for the year ended December 31 2018.
— New Straits times

Maxis, Huawei collaborate to accelerate 5G in Malaysia
Leading converged communications and digital services company, Maxis has signed a Memorandum of Understanding (MoU) with Huawei to accelerate 5G technology in Malaysia.
— The Borneo Post

HSL sees RM610.36 mln revenue in FY18
Sarawak-based marine engineering and infrastructure firm Hock Seng Lee Bhd (HSL) released strong annual financial results for the year ended December 31, 2018 yesterday.
— The Borneo Post

UM makes top 50 QS global ranking for subjects, but fund woes remain
Malaysia’s oldest public university made the top 50 for three subjects in QS World Universities Rankings By Subject 2019, and also the top 100 for three broad areas and 17 other subjects, cementing the University of Malaya (UM) among the world’s leading higher learning centres.
— Malay Mail

Minister and VIPs fall into sea after Sabah village bridge collapses
Repairs were carried out on a dilapidated wooden bridge in Kampung Bahagia 72 hours after a minister and several government officials fell into the sea after it gave way while they were visiting the water village.
— AsiaOne

Telekom Malaysia cut to underperform at Kenanga; price target RM2.50
Kenanga Investment Bank Bhd analyst Cheow Ming Liang downgraded the recommendation on Telekom Malaysia Bhd to underperform from market perform.
— The Edge Markets

Malaysia ‘only possible beacon of press freedom’ in south-east Asia, says UK daily
Amid crackdowns on the press in south-east Asia, Malaysia is seen as “the only possible beacon of hope in the region”, says British newspaper The Guardian.
— The Star Online

 

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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