Malaysia morning news for March 15

Malaysia morning news for March 15

Malaysia morning news

Malaysia eyes RM200bil in approved investments this year
Malaysia’s approved investments was flattish in 2018, despite a strong surge of investments in the domestic manufacturing sector.
— The Star Online

Malaysia to keep death penalty, but no longer mandatory
Malaysia has rowed back on an earlier plan to completely repeal the death penalty, saying that while the government will abolish mandatory capital punishment, it will leave it for courts to decide whether a person convicted of a serious crime will hang.
— Channel NewsAsia

Malaysia’s Richest 2019: Infrastructure-Linked Fortunes Falter
Malaysian equities have had a volatile year, with the benchmark KLSE index down 8% in the year to March 1. One big reason: investor uncertainty created by Mahathir Mohamad’s victory, at age 92, in last May’s elections.
— Forbes

Malaysia’s Jan factory output up 3.2% y-o-y, above forecast
Malaysia’s industrial production grew faster than expected in January, climbing 3.2 per cent from a year earlier, government data showed on Thursday.
— The Business Times

Kim Jong Nam murder trial: Malaysia rejects call to release Vietnamese woman
A Vietnamese woman accused of assassinating Kim Jong Nam, the half-brother of North Korea’s leader, will continue trial after Malaysian prosecutors rejected a request from Vietnam to free her on Thursday (Mar 14).
— Channel NewsAsia

Malaysian equities in consolidation phase till 2Q19
The Malaysian equity market is at present in a consolidation phase which is expected to continue at least until the end of the second quarter (2Q19), says UOB Asset Management (M) Bhd.
— The Borneo Post

Singapore-Malaysia maritime dispute: Both sides agree to suspend overlapping port limits
Malaysia and Singapore on Thursday (Mar 14) agreed to mutually suspend the implementation of their overlapping port limits, as part of measures announced to dial down tensions in their maritime dispute.
— Channel NewsAsia

Ministry targets 10 per cent increase in local palm oil use
The Primary Industries Ministry targets a 10 per cent increase in the use of palm oil and its products through the ‘Sayangi Sawitku’ campaign.
— The Borneo Post

Miti: 36 new companies given Open APs
The Ministry of International Trade and Industry (Miti) has given the green light for 164 companies to be Open Approved Permit (AP) holders, out of which 36 are new.
— The Star Online

Agrobank eyes loan growth of RM1.2b for FY19
Agrobank, formerly known as Bank Pertanian Malaysia Bhd, targets loan growth of RM1.2 billion for the financial year ending Dec 31, 2019 (FY19).
— New Straits Times

Malaysia evaluating gravity of chemical contamination
The Malaysian government is evaluating the seriousness of the air pollution caused by disposal of chemical waste into Sungai Kim Kim before deciding on whether to declare a state of emergency in Pasir Gudang, Johor, said Malaysia Deputy Prime Minsiter Datuk Seri Dr Wan Azizah Wan Ismail.
— Borneo Bulletin

Shortage of corporate talent in Malaysia
The talent pool of independent or non-executive directors (NED) is too thin, and that is affecting the process of governance and oversight on boards throughout corporate Malaysia, experts said.
— The Star Online

Compulsory vaccination: Malaysia studying age target, vaccine type
The Malaysian Health Ministry is looking into the feasibility of making compulsory immunisation on babies and children in the country by taking into account the suitable age target and type of vaccine required.
— Borneo Bulletin

MBI Kedah to facilitate US$150m Langkawi Premium Outlet
Menteri Besar Kedah Incorporated (MBI Kedah), property developer Mega Excellent Properties Sdn Bhd and South Korean investors are pooling US$150 million to kick off the Langkawi Premium Outlet project.
— New Straits Times

Malaysia’s capital market, fundraising activities shrink in 2018
The size of the Malaysian capital market declined slightly to RM3.1 trillion as at end 2018 from RM3.2 trillion in 2017. However, he Securities Commission Malaysia (SC) expects the capital market to remain resilient and orderly this year
— The Sun Daily

Malaysia women’s march meets disapproval from religious, political authorities
In solidarity with women around the world, several hundred people marched in Malaysia’s capital on Saturday (March 9) to mark International Women’s Day. The march, organized by activist groups and local nongovernmental organizations, demanded greater women’s rights and called for a ban on child marriage, an end to gender discrimination and a monthly minimum wage of 1800 RM ($650).
— Religion News

Shopee reveals Malaysians’ shopping habits
Shopee Malaysia has made it into the top 10 most visited sites in Malaysia, making it the number one e-commerce site in the country, according to the latest ranking from Comscore.
— The Star Online

Malaysia to keep bauxite mining on hold amid environmental impact studies
Malaysia said that bauxite miners must each conduct a study on the environmental impact of their sites in the country before receiving licences to restart operations, with a moratorium on mining the aluminium raw material due to end on March 31.
— The Star Online

‘High Malaysian inventories have put palm oil futures in a bear grip’
A victim of the supply glut and one of the major losers of 2018, palm oil showed signs of gains in early 2019. The rise in prices, however, was short-lived, given the oil’s high inventories in Malaysia.
— Money Control

Kuok still Malaysia’s richest despite US$2b fall in wealth: Forbes
Robert Kuok retains his No. 1 spot on the 2019 Forbes Malaysia Rich List with a net worth of US$12.8bil despite a fall in his wealth by US$2bil.
— The Star Online

Penang factories cut jobs
Some factories in Penang are suspending and downsizing their operations and workforce, says InvestPenang director Datuk Seri Lee Kah Choon.
— The Star Online

Malaysia: schools closed after hundreds poisoned by toxic waste dumped in river
More than 100 schools in Malaysia have been closed after the dumping of toxic waste into a river caused hundreds of people to fall ill, including many children, authorities said.
— The Guardian

Is New Malaysia’s China-US Balance Changing Under Mahathir?
Though the new government is recalibrating its ties with Washington and Beijing, it is premature to conclude that major change is underway.
— The Diplomat

Pan Borneo Highway Sarawak projects bode well for Cahya Mata Sarawak
RHB research has maintained its buy call on Cahya Mata Sarawak Bhd with a target price of RM4.15.
— The Star Online

Tun Mahathir to deliver keynote at Invest Malaysia 2019
Prime Minister Tun Dr Mahathir Mohamad is expected to deliver keynote address at the 15th edition of Invest Malaysia 2019, as co-hosted by Bursa Malaysia Bhd and Malayan Banking Bhd (Maybank).
— New Straits Times

Malaysia hopes for improved North-South Korea ties, says Dr Mahathir
Malaysia hopes to see improved ties between South Korea and its neighbour North Korea as well as peace and stability in that region, says Tun Dr Mahathir Mohamad.
— The Star Online

Malaysia’s LGBT debate must not trigger violence, says US ambassador
The debate over lesbian, gay, bisexual and transgender rights (LGBT) should never lead to violence, United States Ambassador to Malaysia Kamala Shirin Lakhdhir said today.
— Malay Mail

Rehda: Property developers turn positive on second-half outlook
Property developers are more optimistic on the outlook of the property industry in the second half (2H) of 2019 on the back of improved consumer sentiment, according to Real Estate and Housing Developers’ Association Malaysia (Rehda).
— The Sun Daily

Dayang signs MoU with two firms
Dayang Enterprise Holdings Bhd’s (Dayang) wholly-owned subsidiary Dayang Enterprise Sdn Bhd (DESB) entered into a memorandum of understanding (MoU) with two firms to undergo projects in Melaka.
— The Borneo Post

 

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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