Malaysia morning news for March 26

Malaysia morning news for March 26

Malaysia morning news

Govt still considering reducing electricity tariff
The government is scrutinising the proposal to reduce the electricity tariff in the country in line with the drop in the price of coal and natural gas in the global market, according to Prime Minister Tun Dr Mahathir Mohamad.
— The Sun Daily

Malaysia can recover from administrative, financial problems in 3 years: Mahathir
Malaysia Prime Minister Mahathir Mohamad said on Monday (Mar 25) that the country will recover from its administrative and financial problems left behind by the previous government in three years time.
— Channel NewsAsia

Airbus: Work value in Malaysia sets to hit US$550mil
The value of Airbus work undertaken in Malaysia is set to hit US$550mil (RM2.24bil) per year by 2023, on the back of higher production rates, the company’s investment in its local subsidiaries and joint ventures, as well as potential new projects currently under evaluation.
— The Star Online

Mahathir Downplays Threat to Choose China Jets Amid EU Palm Spat
Malaysian Prime Minister Mahathir Mohamad downplayed threats that the country may switch to China to source its fighter jets instead of the European Union to retaliate against the bloc’s plan to restrict palm oil.
— Bloomberg

China to shave US$2.4 billion off cost of Malaysia’s East Coast Rail Link. But will it be enough?
The Chinese government has offered to cut 10 billion ringgit (US$2.45 billion) off the price of Malaysia’s controversial East Coast Rail Link in an effort to get the project back on track before world leaders gather in Beijing for a summit on the “Belt and Road Initiative”.
— South China Morning Post

Malaysia’s CPI falls for 2nd consecutive month
Malaysia’s economy continues to show signs of a deflationary trend as the Consumer Price Index (CPI) decreased 0.4% year-on-year (YoY) in February, a slower rate than in January.
— The Malaysian Reserve

Malaysia’s heritage foods to be nominated for Unesco recognition
Malaysians are a fortunate lot as the country is home to hundreds of delicious traditional foods.

Malaysia may implement water rationing if dry season persists
Except for a few areas in some states, Malaysia is not yet in rationing mode, said the country’s water regulator.
— Today Online

Dassault Aviation reinforces aftermarket supply in SEA
Dassault Aviation is reinforcing its aftermarket support capability in Southeast Asia (SEA) with the acquisition of ExecuJet Malaysia’s maintenance, repair and overhaul (MRO) business at Subang Airport in Kuala Lumpur.
— New Straits Times

George Kent posts RM84.92m in net profit for FY19
George Kent (Malaysia) Bhd’s net profit declined 31.7 per cent to RM84.92 million in the year ended January 2019, from RM124.4 million previously mainly due to to lower contribution from the engineering division.
— New Straits Times

Sapura Energy back in the black in Q4 on disposal gain
Sapura Energy Bhd posted a net profit of RM500.43 million in the fourth quarter ended Jan 31, 2019 compared with a net loss of RM2.29 billion in the previous year’s corresponding quarter, driven by a gain on disposal.
— The Sun Daily

Syarikat Takaful to deliver robust ROEs — Analysts
Syarikat Takaful Malaysia Keluarga Bhd (Syarikat Takaful) will likely maintain its high returns on equities (ROEs) of more than 30 per cent, supported by its new growth strategies.
— The Borneo Post

Indonesia, Malaysia prepare to contest EU’s RED II CPO policy
Indonesia and Malaysia will likely make a separate move against the European Union policy against palm oil through a delegated regulation supplementing directive of the EU Renewable Energy Directive II (RED II), which is now being deliberated by the European Parliament, a trade official has said.
— The Jakarta Post

Analysts retain earnings forecasts on TM despite MFL legal suit
Analysts retained their earnings forecasts on Telekom Malaysia Bhd (TM) despite Malaysian Football League LLP’s (MFL) legal threat against the group.
— The Borneo Post

Dassault Aviation prefers Subang Airport for its space advantage over Singapore’s Seletar
Dassault Aviation chose the Sultan Abdul Aziz Shah Airport in Subang to build its maintenance, repairs and overhaul (MRO) hub in Southeast Asia, instead of Seletar Airport in Singapore, due to the space available for expansion.
— The Edge Markets

Foreign funds net buyers, RM90.2 million net inflow into Malaysian equities
Foreign funds were net buyers with the local bourse recording a total net inflow of RM90.2 million between March 18 and March 21 versus total net outflow of RM472.2 million recorded in the same period in the previous week.
— The Borneo Post

Govt working to ease costlier living expenses
Prime Minister Tun Dr Mahathir Mohamad said the government is looking at all options to help ease the people’s burden of rising living expenses.
— New Straits Times

Air Liquide Malaysia offer to buy Sig Gases for RM226.6m
Sig Gases Bhd has received an offer letter from France-based Air Liquide’s company in Malaysia, Air Liquide Malaysia Sdn Bhd, to buy its wholly-owned Southern Industrial Gas Sdn Bhd for RM226.6 million.
— New Straits Times

Malaysia studying ways to lower cancer treatment costs in private hospitals
Malaysia is studying ways to reduce the cost of cancer treatment in private hospitals, its health minister Dzulkefly Ahmad said on Saturday (Mar 23).
— Channel NewsAsia

Buyers snap 98pc of Sime Darby Property’s Elmina Valley Five
Buyers have snapped up 164 or 98 per cent of the 168 units on offer at Elmina Valley Five (EV5), a free-hold development located at Sime Darby Property Bhd’s award-winning City of Elmina on its first launch day on March 23.
— New Straits Times

Statements taken from 26 witnesses, but IGP mum on arrests
Police have recorded statements from 26 people who witnessed the fracas between student demonstrators and supporters of former prime minister Datuk Seri Najib Razak just outside the Universiti Malaya (UM) campus here last Friday.
— Malay Mail

OKS eyes China upset for average Malaysia
The Malaysia U23 head coach is already readying his players for the final crunch game against China, even before playing the second match against Laos.
— Goal

Practice equality in conferring Malaysian citizenship, says JAG
The government has been urged to reform the country’s citizenship laws, to allow equal right for Malaysian men and women to confer Malaysian nationality on their spouses and children.
— New Straits Times

Malaysian govt forwards medical check-up guideline for migrants
The Ministry of Labour, Employment and Social Security (MoLESS) has informed that Nepali migrant workers will soon be able to travel to Malaysia for employment purposes as the Malaysian government has forwarded a new health standard guideline that clarifies the medical requirements for the workers.
— The Himalayan Times

Resorting to physical aggression not the Malaysian way
The Higher Education Department is extremely disappointed and has rejected the move by certain quarters resorting to physical confrontation in preventing students from higher education institutes expressing their freedom of speech.
— New Straits Times

Is Malaysia risking another round of JI-style geopolitical turmoil with ISIS returnees?
The recent collapse of the ‘Caliphate’ in Syria – where the so-called of Iraq and the Levant (ISIL) is battling for survival in its last enclave on the border with Iraq – has prompted Malaysia to allow the return of its citizens engaged in the criminal activities of the terror organisation.
— The Independent

Education reform needed to curb racial and religious polemic, says academic
The education system in the country needs to address the current racial polemic that is becoming more divisive, an academic said.
— Malay Mail

Turkish defense firms to look for new buyers at Malaysia fair
The leading companies of the Turkish defense industry will showcase their products and services at the 2019 Langkawi International Maritime and Aerospace Exhibition (LIMA 2019), the Asia-Pacific Region’s most important exhibition in its field.
— Daily Sabah

The State of the Nation: Leveraging Malaysia’s grey power in the workplace
FOR 65-year-old retiree Balan, who had spent more than 30 years working in the aviation industry, staying at home without a job was a dreadful experience.
— The Edge Markets

Many slam ‘monumental mistake’ in Kedah
They were invaders. Yet, there stands a monument here that honours them as heroes.
— Asia One


Feature photo Randy Tan Travelogue


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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