Malaysia morning news for February 4

Malaysia morning news for February 4

Malaysia morning newsNew regulations needed to regulate palm oil production and price
MALAYSIA’S total exports in 2018 expanded by 6.7% to reach a value of RM998 billion, compared with RM935 billion in 2017. The growth was largely contributed to by the electrical & electronic sectors, which contributed 38.2% or RM380.8 billion, rising by 11% in 2018.
— Malaysian Insight

MAHB says has no control over passenger service charge
The Passenger Service Charge (PSC) is not set, fixed or controlled by Malaysia Airports Holdings Berhad (MAHB) or Malaysia Airports (Sepang) Sdn Bhd (MASSB), a wholly owned subsidiary of Malaysia Airports Holdings Bhd (MAHB), according to MAHB.
— Malay Mail

Economist attempts to shed light on ringgit-baht performance
An economist has attempted to explain the strengthening of the Thai baht against the ringgit amid the recent war of words over the state of the currency between Dr Mahathir Mohamad and former prime minister Najib Razak.
— FMT

Daiso to set up regional distribution centre in Malaysia
PKT every24 Logistics Sdn Bhd (PKT) today signed a service agreement with Daiso Industries Co Ltd (Daiso) to operate the latter’s regional distribution centre (RDC) located in Port Klang, commencing in the second quarter of this year.
— The Sun Daily

Najib: CNY celebrations affected by slow economy
Former prime minister Najib Razak has lamented Putrajaya’s handling of the economy, saying things on the ground were so bad that it has even affected Chinese New Year celebrations.
— FMT

Mercy Malaysia opens second health facility in Cox’s Bazar refugee camp
Mercy Malaysia on Friday opened its second health facility at the Jamtoli camp in Ukhiya, Cox’s Bazar, meant to serve the Rohingya community seeking refuge in Bangladesh.
— The Sun Daily

Top Goldman executives face pay cuts over Malaysia scandal
Goldman Sachs Group could reduce executive compensation for 2018 over the roles of former bankers there in the corruption scandal that engulfed a Malaysian state fund.
— Nikkei Asian Review (paywall)

MAHB seeks to resolve dispute with AirAsia through proper means
Malaysia Airports Holdings Bhd (MAHB) has insisted in recovering the loss of an average about RM7 million monthly through ‘proper’ means, resulting from AirAsia Group Bhd (AirAsia) move to charge a lower Passenger Service Charge (PSC) amount than the gazetted rate.
— New Straits Times

Dong Zen Temple in Malaysia launches 20-day Chinese New Year lantern festival
In conjunction with the year of the pig, Ven master Hsing Yun`s Chinese couplet `Always well-rounded and auspicious` for the year of the pig, is the theme for the floral lantern starting at 31 January for a period of 20 days till 19 Feb.
— Eleven Myanmar

Malaysia steps up anti-terror fight
Malaysia is preparing to bolster its national security and counter-terrorism policies under a defense “white paper” unveiled by the government.
— Arab News

Malaysia Airlines capitalizing on oneworld’s network for expansion
Malaysia Airlines Group’s (MAG) partnership with oneworld member airlines have helped the carrier to expand beyond the Asia Pacific market that its focus on.
— New Straits Times

Expect a quiet equity market next week, FBM KLCI to retest 1,700 level
Bursa Malaysia is expected to be quiet next week following the shortened trading week and with most investors likely absent ahead of the Chinese New Year celebration, analysts said.
— The Sun Daily

Malaysia demands WHO Bulletin to retract biased article on palm oil
Malaysia demands that a biased and unscholarly article titled ‘The Palm Oil Industry and Non Communicable Diseases’ published in the World Health Organisation (WHO) Bulletin, to be retracted.
— New Straits Times

Investors keen in S’wak due to political stability: Abang Johari
Investors, notably from China and South Korea, continue to support Sarawak’s industrialisation programme because the state is politically stable, says Chief Minister Datuk Patinggi Abang Johari Tun Openg.
— The Sun Daily

AirAsia Visit Sarawak Campaign Livery launched
The land of hornbills, Sarawak, will be soaring when it meets its target of five million tourists this year through Sarawak Tourism Board’s (STB) Visit Sarawak Year campaign.
— New Sarawak Tribune

Sapura Energy, OMV ink strategic partnership
Sapura Energy Bhd and Austria’s OMV Aktiengesellschaft (OMV AG) have concluded their strategic partnership agreement, whereby Malaysia will remain as the main hub to expand the business in Asia Pacific and Mexico.
— The Sun Daily

Petronas allocates RM400 mil to upgrade overall business operation this year
Petronas Dagangan Bhd (PDB) is allocating over RM400 million in capital expenditure (capex) this year to build new fuel stations and upgrading existing facilities throughout the country.
— New Straits Times

The deafening silence of PH leaders
Malaysia must continue to speak up on issues such as moderation, good governance, people’s livelihood, sound policies and progressiveness.
— FMT

YEAR OF THE PIG: IN MUSLIM MALAYSIA, BRANDS TREAD CAREFULLY FOR CHINESE NEW YEAR
As Chinese across the world get ready to celebrate the Year of the Pig, in Muslim-majority Malaysia some shopping centres and brands are sidestepping outright representations of the animal to avoid upsetting cultural sensitivities.
— South China Morning Post

Proton starts 2019 strong, sets 3 records
National automaker Proton Holdings Bhd (Proton) has set three records for January this year, paving way to be the leading auto manufacturer in the country.
— New Straits Times

PM congratulates Malaysian World Pastry Cup 2019 champions
Prime Minister Tun Dr Mahathir Mohamad today congratulated the team of Malaysian pastry chefs who have been crowned champions of the World Pastry Cup 2019 or Coupe du Monde de la Pâtisserie in Lyon, France.
— Malay Mail

Parkson to close its Suria KLCC outlet
The Parkson group, which has been streamlining its presence in Malaysia over the past year, is closing its outlet in Suria KLCC after two decades.
— The Star Online

Diesel currently pricier than RON95 due to surge in MOPS benchmark prices, says Chong
The price of RON95 petrol in the country is currently cheaper than diesel as the Mean of Platts Singapore (MOPS) diesel price has increased to more than US$10 per barrel when compared to RON95.
— The Borneo Post

Govt land encroachment: Talks with building owners initiated
The company that constructed buildings on two plots of government land in Medan Imbi in Kuala Lumpur has written a letter to the Federal Territories Ministry and initiated discussions to resolve the issue, according to FT minister Khalid Abdul Samad (pix).
— The Sun Daily

Keep calm and invest in the local economy, Guan Eng tells Malaysians in CNY greeting
In his first Chinese New Year greeting as finance minister, Lim Guan Eng has called on Malaysians to invest in the country’s recovering economy and to always stay united.
— Malay Mail

Sarawak attracting Chinese, South Korean investors, says CM
Abang Johari Openg says this is because the state is politically stable.
— FMT News

Police seize RM5.6m worth of ketamine in tea packets
A syndicate said to be distributing ketamine in the Klang Valley was crippled by Bukit Aman’s Narcotics Investigations Department (NCID) following the seizure of 92.7 kilogrammes of drugs on Friday.
— Malay Mail

CNY sees increase of passengers at boat terminal
The Sibu Express Boat Terminal has started crowding with passengers as city folks return home to celebrate the Chinese New Year celebration.
— New Sarawak Tribune

Putrajaya gives RM100 million to repair 32 Sarawak schools
The Ministry of Education said another RM24.7 million will be allocated for minor upgrade works on 135 schools.
— FMT News

Education Ministry allocates RM100m for dilapidated schools in Sarawak
The Education Ministry (MOE) has allocated RM100 million to assist 32 schools in Sarawak for this year. The MOE in a statement today said the allocation is for the rebuilding of dilapidated schools in the state.
— Malay Mail

 

Feature photo Shahir Ramlan

This week’s Malaysia morning news feature photo acknowledges Chinese New Year, 2019.

 

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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