Malaysia morning news for March 13

Malaysia morning news for March 13

Malaysia morning news

Mahathir weighing shutdown or sale of Malaysia Airlines
MALAYSIA’S Prime Minister Mahathir Mohamad said he’s studying options for flag carrier Malaysia Airlines Bhd, including whether to invest more funds, sell it off or even shut the company down.
— Business Times

Malaysia bans Boeing 737 MAX 8 planes from its airspace
Malaysia on Tuesday banned Boeing 737 MAX 8 aircraft from its airspace, the aviation regulator said, becoming the latest country to do so following a deadly plane crash in Ethiopia.
— The Kashmir Images

Guan Eng : Malaysia gets 324.7b yen of demand for 200b yen Samurai bonds
Bid-to-offer ratio of 1.6 shows the confidence of overseas investors in Malaysia, Finance Minister Lim Guan Eng comments on Samurai bond offer completed last week.
— The Edge Markets

‘CPTPP must take into account how investors view Malaysia’
Malaysia’s decision on whether or not to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) must take into account how foreign investors will view the country’s position within Asean, says the Ministry of International Trade and Industry.
— The Borneo Post

Privatisation policy still relevant after 36 years, says Dr M
Prime Minister Dr Mahathir Mohamad today said the 36-year-old national privatisation policy is still relevant in addressing problems related to the oversized civil service.
— FMT

Moody’s: Malaysia’s A3 supported by very high economic strength
Malaysia’s credit profile (issuer rating A3) is supported by the sovereign’s “Very High (-)” economic strength, which reflects a large and diverse economy that is growing at a relatively strong pace and boasts high levels of competitiveness, says Moody’s Investor Service.
— The Star Online

Malaysia police investigating finance minister’s alleged seditious remark
Malaysia police have opened an investigation paper on Finance Minister Lim Guan Eng’s alleged seditious remark about the UMNO-PAS union, said Inspector-General of Police Mohamad Fuzi Harun on Tuesday (Mar 12).
— Channel NewsAsia

Immigration officials uncover major foreign job racket
Immigration officials believe to have stumbled on a racket that aided Indians to get employed overseas by illegal means.
— Deccan Herald

Malaysia’s first and biggest-Korean themed retail zone opens in 1 Utama
1 Utama Shopping Mall has signed a Memorandum of Signing (MoU) with four Korean retail brands and soft launched the first and biggest Korean-themed retail zone in Malaysia today.
— The Edge Markets

Malaysia posts net foreign inflows of RM4.5b in bond market in Feb
Malaysia has recorded positive net foreign flows of RM4.5 billion into the local bond market in February, the first net inflows in four months, Malaysian Rating Corp Bhd said.
— New Straits Times

Malaysia short of high-skilled jobs
The local labour market is expected to remain strong in 2019. However, it remains skewed towards low-skilled jobs, according to MIDF Research.
— The Edge Markets

Consumers’ preference drives UOB Malaysia’s double-digit growth
United Overseas Bank (Malaysia) Bhd’s customers use of digital payment methods in 2018 has grown by almost 50 per cent over the year before.
— New Straits Times

Closely monitor large household debt, IMF tells Malaysia
Malaysia’s financial sector appears resilient with sound profitability and liquidity indicators, as well as low non-performing loans, said the International Monetary Fund (IMF).
— The Edge Markets

Malaysia Pacific sells Wisma MPL for RM189mil
Malaysia Pacific Corp Bhd (MPC) has sold Wisma MPL on Jalan Raja Chulan here for RM189 million to Asia New Venture Capital Holdings Sdn Bhd.
— New Straits Times

Malaysia to decide airline’s fate soon: PM
The Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines (MAB), Prime Minister Mahathir Mohamad says.
— News

Vietnam asks Malaysia to free Kim assassin suspect
Vietnam on Tuesday (March 12) asked Malaysia to free the Vietnamese woman charged with assassinating the North Korean leader’s half brother in Kuala Lumpur, a day after her Indonesian co-accused was suddenly released.
— The Star Online

PSM: Malaysians voted for progress
The 14th general election result showed Malaysians wanted to move on from the repressive policies of Barisan Nasional, Parti Sosialis Malaysia’s (PSM) women’s desk said today.
— Malay Mail

Terrorists favour Malaysia due to good air connectivity, says deputy IGP
Malaysia’s air connectivity is the reason terrorists prefer to enter the country, using it as a transit point, before making their way to other countries, police believe.
— FMT

Malaysia may have to review Boeing 737 Max orders
Malaysia may have to reconsider the purchase of 25 Boeing Co 737 MAX 8 aircraft, the Nikkei reported citing the country’s economic affairs minister, after the second fatal crash of the planemaker’s newest jet in less than six months.
— The Star Online

Malaysia govt mulls privatising parts of ‘bloated’ civil service, says Mahathir
The Malaysian government is looking into the feasibility of privatising parts of the “bloated” public sector, Prime Minister Tun Dr Mahathir Mohamad said on Tuesday (March 12).
— The Straits Times

Malaysia’s stock market is Asia’s only loser of 2019
The euphoria following Malaysia’s historic election last May has faded, leaving its stock market as Asia’s only one in the red this year.
— Financial Review

Malaysian to serve 10 years in jail for maligning Islam on Facebook
Operating under the Facebook name Ayea Yea, he was found guilty of misusing the social media network and causing racial disharmony in what many feel to be an extremely harsh penalty.
— The Independent

PM blames indiscriminate civil service pay hikes for rising prices
The previous government’s “blatant” salary increments for public workers was among causes of rising living costs, said Prime Minister Tun Dr Mahathir Mohamad.
— Malay Mail

Sapura Energy, Velesto up as Saudi minister’s comment spurs oil prices
Bursa Malaysia’s energy counters including Velesto Energy Bhd and Sapura Energy Bhd rose today and dominated the active list as crude oil prices extended gains after climbing more than 1% overnight.
— The Edge Markets

UPS optimistic about export volume growth in southeast Asia
United Parcel Service (UPS), a global leader in logistics, is optimistic about the export volume growth in Malaysia and Southeast Asia on the back of a robust economic and trading environment in 2019.
— The Sun Daily

UiTM, Petronas ink renewable energy collaboration
UiTM Energy & Facilities Sdn Bhd (UEFSB) has signed a Letter of Intent (LOI) with Petroliam Nasional Bhd’s (Petronas) New Energy unit, to collaborate and jointly develop large scale solar photovoltaic power plants and on-campus energy optimisation and solar rooftop projects.
— The Borneo Post

Flight to Malaysia forced to turn around after mother leaves baby at airport
A young mother on a flight from Saudi Arabia to Malaysia reportedly had the shock of her life when she realised she had accidentally left her baby behind in the airport terminal.
— Telegraph

Mandarin criterion shows bias against non-Chinese? Wrong, says original researchers
Two senior Malaysian academics today took the Centre for Governance and Political Studies’ (Cent-GPS) to task for claiming employers demanding Mandarin proficiency to be a smokescreen to exclude non-Chinese candidates.
— Malay Mail

Adrift in Malaysia, Burmese Muslim refugees in desperate cry for recognition
Four years ago, mother-of-three Thuzar Maung put on jeans and a T-shirt rather than her customary Muslim garb and slipped aboard a flight to Malaysia.
— FMT

Malaysia’s Proton revs up revival with hot-selling SUV
Once-ailing Malaysian carmaker Proton is seeing a turn in its fortunes since its Chinese partner Geely brought the X70 sport utility vehicle to the Malaysian market last December.
— Eleven Myanmar

 

Feature photo Dennis Sylvester Hurd

 

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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