Malaysia morning news for March 21

Malaysia morning news for March 21

Malaysia morning newsMalaysia to stop buying European products?
Malaysia said it would stop importing several European products. This is in retaliation against the European Union’s (EU) ban on palm oil from Malaysia.
— New Straits Times

5,848 victims of chemical pollution treated since March 8
PUTRAJAYA: A total of 5,848 patients were treated since March 8 due to the effects of chemical waste pollution in Sungai Kim Kim, Pasir Gudang, Johor.Health Minister Datuk Seri Dr Dzulkefly Ahmad said of the number, 951 victims were warded and 25 placed in the intensive-care unit.He told the media …
— The Sun Daily

Above-average salary increase expected for Malaysian professionals in 2019
Malaysian professionals in a wide range of sectors are likely to see wage increment this year.
— New Straits Times

Third national car company to be announced mid-year, says Redzuan
The Ministry of Entrepreneur Development has shortlisted two companies for the development of the third national car project.
— Malay Mail

Dr M says chose Daim as ECRL negotiator for needed skills
Tun Daim Zainuddin has a “certain ability” that made him best suited as the government’s negotiator on the East Coast Rail Link (ECRL), the prime minister said in Parliament today.
— Malay Mail

Malaysia Airlines tops passenger complaints in 2018
The most number of complaints received by the Malaysian Aviation Commission (Mavcom) between July and December 2018 were against Malaysia Airlines.
— FMT

Top Glove to grow despite oversupply issues
The world’s largest manufacturer of gloves, Top Glove Corporation Bhd still see both its revenue and profit growing despite the current oversupply situation in the industry.
— New Straits Times

CMS, KKB front-runners for pending Sarawak projects
Two Sarawakian firms — Cahya Mata Sarawak Bhd (CMS) and KKB Engineering Bhd (KKB) — are slated as frontrunners for the pending roll-out of infrastructure projects in Sarawak.
— The Borneo Post

Malaysia government aiming to attract hi-tech foreign direct investment
The Malaysian government hopes to draw high value-added, high technology and knowledge-intensive investments in the manufacturing sector, the Prime Minister Dr. Mahathir said in a keynote speech at an investment conference in Kuala Lumpur on 19 March 2019.
— OpenGovAsia

Rising Challenges Ahead for Malaysia’s New Government
Though it is still early days, a series of issues are threatening to overwhelm and undermine the new government’s future.
— The Diplomat

Bring Malaysian terrorists home, but be careful, say analysts
Malaysians who joined the Islamic State (IS) in Syria should be allowed to return home, some analysts said despite a recent terror attack in New Zealand.
— Malay Mail

KLCI seen trading range bound, hurdle at 1,690
The FBM KLCI is seen trading range bound today, with support at the 1,680 and hurdle at 1,690-levels, as local investor sentiment remains wary.
— The Edge Markets

Government looks to list its mature government entities in the stock market
The government is to consider listing its mature government entities in the stock market in the future and reduce the shareholding of some of its government-linked companies (GLCs) in public-listed companies.
— The Borneo Post

Commentary: Anonymous letters and whistle-blowers persist in modern day Malaysia
Anonymous letters continue to shine a spotlight on certain leaders and call attention to wrongdoing, which can be a positive development as Malaysian civil society matures, says Khor Yu Leng.
— Channel NewsAsia

After year-long drought, two big Malaysian IPOs set for Q2 launch
Malaysia’s poultry producer Leong Hup International and fast food operator QSR Brands are in advanced stages of launching their initial public offerings in the second quarter, which would revive the nation’s moribund primary market, sources said.
— The Star Online

Selangor approved investments surge to record RM18.9b in 2018
Selangor recorded a jump of 238% in total approved investments in manufacturing sector at RM18.95 billion last year compared with RM5.59 billion in 2017, the highest direct investment it ever recorded.
— The Sun Daily

EPF set to be trillion ringgit fund
The Employees Provident Fund (EPF) is growing substantially and is poised to become a trillion ringgit fund, said CEO Tunku Alizakri Alias during a panel session at the Invest Malaysia 2019 event here.
— The Star Online

Algerian firm files RM370m claim against Malakoff, Hyflux JV
An Algerian company had filed a claim for 80mil euros (RM370mil) against Tlemcen Desalianation Investment Co. SAS (TDIC), Singapore’s Hyflux Ltd and Malakoff Bhd over a desalination project in that country.
— The Star Online

Mavcom gets more complaints from airline and airport users
The Malaysian Aviation Commission (Mavcom) has received an 11.7 per cent more consumer complaints from July to December last year than the same period in 2017.
— New Straits Times

Hibiscus to hit 12,000 barrels per day by 2021
Hibiscus Petroleum Bhd (Hibiscus) is on track to produce 12,000 barrels of oil per day collectively from its North Sabah and Anasuria Cluster in the United Kingdom, by 2021.
— New Straits Times

UEM Sunrise targets RM1.2 billion sales in 2019
UEM Sunrise Bhd is targeting to achieve RM1.2 billion sales this year, driven by several new launches and its plan to clear up its property inventory.
— New Straits Times

Gas Malaysia’s earnings to stay stable after rules change
CIMB Equities Research expects Gas Malaysia’s earnings will likely remain stable post after the implementation of the third party access (TPA) and incentive-based regulation (IBR) regulatory period 2 in 2020.
— The Star Online

Malaysia’s economy likely to grow at 4.9 pct this year: MIDF Research
Malaysia’s economic growth forecast remains at 4.9 per cent year-on-year (YoY) for 2019 given the upbeat performance of domestic and external trade sectors, according to MIDF Research.
— New Straits Times

Malaysia’s government spots a vote-winner: ‘Defending’ Islam
As Malaysia’s ruling Pakatan Harapan government contends with a marriage of convenience between the two largest opposition parties, pressure is mounting on it to show it can defend the interests of Malay-Muslims, who make up 75 per cent of voters.
— Asia One

Malaysia welcomes foreign embassies’ cultural exchange initiatives: Minister
Malaysia’s Ministry of Tourism, Arts and Culture welcomes more cultural exchange programmes with foreign embassies to elevate friendships through the arts and culture, said its minister Datuk Mohamaddin Ketapi.
— The Sun Daily

Widespread illegal dumping sites in Malaysia pose challenge for authorities
From the north to the south of Peninsular Malaysia, there seems to be no end to the discovery of illegal dumpsites.
— The Straits Times

Honda Malaysia sold 102k units in 2018; maintained non-national lead, overall No.2 – 95k target for 2019
Honda Malaysia (HM) had its annual media gathering yesterday where the company announced its sales performance for last year and its targets for this year. 2018 was a rollercoaster year for the auto industry, thanks to a surprise three-month tax holiday, but Honda ended up in its now customary position as the top non-national marque (four consecutive years now) and number two in the overall standings (three years running) behind Perodua.
— Paultan

Malaysia’s March 1-20 palm oil exports fall 2.3% — AmSpec Agri
Exports of Malaysian palm oil products for March 1-20 fell 2.3% to 908,718 tonnes from 929,856 tonnes shipped during Feb 1-20, independent inspection company AmSpec Agri Malaysia said on Wednesday.
— The Edge Markets

Shared prosperity is Malaysia’s key message at Apec 2020
After more than two decades, Malaysia will be hosting the Asia Pacific Economic Cooperation (Apec) leaders’ summit in 2020, with the key message of shared prosperity.
— Malay Mail

Lim tells banks to be more flexible in lending
“Be flexible, unless you prefer windfall tax,” says Finance Minister Lim Guan Eng to the banks yesterday.
— The Borneo Post

Malaysia media watchdog orders social media platforms to remove Christchurch attack videos
The Malaysian Communications and Multimedia Commission (MCMC) said on Wednesday (March 20) it has contacted all social media platforms to take down any video of the Christchurch shootings.
— The Straits Times

Perception of PTPTN is improving, says chairman
The public perception of the National Higher Education Fund Corporation (PTPTN) is improving as more and more people are using it as a savings fund instead of regarding it as just an entity financing education, it was stated today.
— Malay Mail

MIER taps Kamal Salih to replace Sulaiman Mahbob as chairman
The Malaysian Institute of Economic Research’s (MIER) board of trustees has appointed Tan Sri Dr Kamal Salih as the new board chairman, replacing Tan Sri Sulaiman Mahbob, effective April 2.
— The Star Online

Suncon bags contracts worth RM86mil
Sunway Construction Bhd has secured two contracts worth a combined RM86.4mil.
— The Star Online

5v5 FitM’sia futsal meet on Sarawak tour
The 5v5 Fit Malaysia 2019 futsal tournament which began on March 9 is on its tour statewide until May 5. The event is organised by Futbolista football club with…
— New Sarawak Tribune

Special court not formed expressly to expedite Najib’s graft trial, says law minister
The proposal to set up Special High Court and Special Appeal Court for corruption cases, is not meant to expedite the graft trial of former Prime Minister Datuk Seri Najib Razak, says Law Minister in the Prime Minister’s…
— Malay Mail

Property developer’s graft case to be heard in high court
The case of a property developer who was charged with bribing former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor with RM1 million to raise the ratio of development in Jalan Semarak here has been transferred to the High Court.High Court Judge Mohamad Zaini Mazlan …
— The Sun Daily

 

Feature photo Future Malaysia

This week’s Malaysia morning news feature photo acknowledges International Day for the Elimination of Racial Discrimination, March 21.

 

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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