Malaysia morning news for March 28

Malaysia morning news for March 28

Malaysia morning news

Malaysian economy to sustain growth momentum, spurred by private sector
The Malaysian economy is expected to sustain its growth momentum this year, propelled by private sector activity, with private consumption projected to expand by 6.6% from a preliminary 8.1% in 2018.
— FMT

94pct of SMEs able to secure financing
There is virtually no problem for small and medium enterprises (SMEs) to obtain loans from financial institutions.
— New Straits Times

FMM: Tariff cut can ease pressure on manufacturers
A tariff reduction would help ease the pressure currently faced by manufacturers amid concerns of an impending economic slowdown, said the Federation of Malaysian Manufacturers (FMM).
— New Straits Times

BNM 2018 Report: Malaysian workers receive lower compensations when benchmarked against advanced economies
Malaysian workers receive lower compensations relative to their contribution to national income from productivity and equity perspectives, especially when benchmarked against the world’s advanced economies.
— New Straits Times

Najib Razak’s 1MDB-linked graft trial ordered to proceed by Malaysia federal court
The trial of former Malaysian prime minister Najib Razak for alleged criminal breach of trust and abuse of power over money linked to state investment fund 1MDB was on Wednesday (March 27) ordered to proceed.
— The Straits Times

Malaysian combat aircraft old but functioning well: PM Mahathir
Malaysia’s ageing combat aircraft are still functioning well and can be used for several more years, said Prime Minister Mahathir Mohamad on Tuesday (Mar 26).
— Channel NewsAsia

Airports operator inks agreements to improve Subang Airport
Malaysia’s main airport operator has signed two agreements with Singapore-based Boustead Projects Limited (Boustead) and TP Aerospace Malaysia Sdn Bhd (TPAM) which will boost the Subang Airport Regeneration initiative.
— FMT

Malaysia has ‘right ingredients’ for aerospace outsourcing
Malaysia has the right ingredients to be an outsourcing centre for aerospace products and services as the industry has been showing positive growth.
— New Straits Times

Potential new markets for palm oil
The government has identified potential new markets for palm oil in Africa, Central Asia and South Asia, the Dewan Rakyat was told yesterday.
— The Borneo Post

Malaysia’s national telco is testing its 5G connection that is capable of speeds up to 500Mbps
Malaysia’s national telco TM is in the first stages of testing 5G connectivity in the country.
— Mashable

Communications minister condemns attack on journalists
Communications and Multimedia Minister Gobind Singh Deo condemns any physical abuse or verbal threats against journalists when they are carrying out their duties.
— Malay Mail

Margma expects natural gas and electricity rates to come down
The Malaysian Rubber Glove Manufacturers Association (Margma) expects a substantial drop in natural gas price due to the sharp fall in the prices of liquefied natural gas (LNG) and coal in recent months.
— The Borneo Post

Bank Negara 2018 Annual Report highlights
Malaysia’s economy to expand between 4.3% and 4.8% in 2019 vs 4.7% in 2018.
— The Star Online

Income levels in Malaysia continues to be contentious subject, says BNM report
Income levels in Malaysia remains a highly contentious subject, as workers face significant pressures due to the rising cost of living, while firms continue to contend that the level of incomes remained appropriate and reflective of productivity.
— Malay Mail

Report Faults Delays in Probing Mass Graves along Malaysia-Thai Border
A decision to destroy a human trafficking camp soon after its discovery in the jungle near Malaysia’s border with Thailand and to delay for months the removal of corpses of Rohingya and Bangladeshis from mass graves hindered proper investigations, an independent inquiry alleged Wednesday.
— Benar News

Malaysia Central Bank Pledges Support as GDP Forecasts Cut
Malaysia lowered its economic growth forecast for 2019, and pledged to keep monetary policy accommodative as global risks weigh on the trade-reliant economy.
— Bloomberg

BNM report: Important to manage inflation expectations of Malaysian households
The assessment and management of household inflation expectations is vital to central banks as these expectations can influence key economic and financial variables such as actual inflation, and households’ consumption and savings.
— Malay Mail

Why Malaysia-born illegitimate children with foreign mothers are stateless
The Malaysian government does not recognise as citizens children born out of wedlock in Malaysia to Malaysian fathers and foreign mothers, which leaves many of them stateless or without a nationality.
— Malay Mail

Three Singaporeans among cosplayers arrested in Malaysia
Three Singaporeans who were part of a cosplay festival in Kuala Lumpur at the weekend were detained by Malaysian authorities for allegedly violating the conditions of their social visit passes.
— The Straits Times

Anger erupts as WWII memorial in Malaysia calls Japanese troops ‘heroes’
A newly restored World War II memorial in Malaysia sparked anger and calls for its demolition Tuesday after a sign described three Japanese soldiers honored as “heroes.”
— The Japan Times

Daughter entitled to her opinion, says Anwar
The black and white photograph posted on Instagram showed the bond between father and daughter.
— Asia One

I’ll buy planes from China? Maybe not, says Malaysia’s Mahathir Mohamad – but EU should still rethink its war on palm oil
Malaysian Prime Minister Mahathir Mohamad has played down his threat to buy warplanes from China if the country is hit by the European Union’s plan to restrict its use of palm oil, but says there will be a backlash all the same if the EU parliament doesn’t change course.
— South China Morning Post

Why was Malaysian consulate building undervalued by RM500m? Guan Eng asks Najib
Finance Minister Lim Guan Eng questioned former prime minister Datuk Seri Najib Razak why the Malaysian consulate’s building in Hong Kong was undervalued by half a billion ringgit.
— Malay Mail

Amir Hamzah is Tenaga Nasional Bhd’s new CEO
Tenaga Nasional Bhd (TNB) has appointed Amir Hamzah Azizan as its new chief executive officer effective April 2, 2019.
— New Straits Times

Aturmaju said to be acquiring a solar operator
LITTLE-known Sabah timber firm Aturmaju Resources Bhd, which diversified into information technology last June, could be adding to its stable. The company is on the verge of acquiring a controlling stake in a local off-grid solar operator, sources say.
— The Edge Markets

Malaysia, New Zealand to strengthen ties in combating terrorism – Wan Azizah
Against the backdrop of the recent deadly terrorist attack in Christchurch, Malaysia and New Zealand are on the same page on the need to forge closer ties to fight terrorism.
— The Borneo Post

Don’t use kids to collect money, deputy minister tells schools
KUALA LUMPUR: Deputy Women, Family and Community Development Minister Hannah Yeoh today urged schools to stop instructing students to collect donations from the public, saying this should be the responsibility of the parent-teacher associations (PIBGs).
— FMT

AirAsia owes TIA Rs 194m, requests the airport to waive some of the dues
AirAsia X Bhd is owing Tribhuvan International Airport (TIA) Rs 194 million, of which around Rs 130 million is related to late fees, according to a newsreport.
— New Straits Times

RM150 million is refunds, not compensation, say TTDI residents
KUALA LUMPUR: The Taman Tun Dr Ismail residents’ association (TTDI RA) has refuted remarks by a minister that the RM150 million to be paid to developers by the Kuala Lumpur City Hall (DBKL) if the Taman Rimba Kiara condominium project is cancelled is a form of compensation.
— FMT

RM13 bil petrochemical project in Lahad Datu raises eyebrows
A RM13 billion investment by Burel Industries Sdn Bhd to build a petrochemical plant — together with a state-owned entity — in Lahad Datu, Sabah, has raised several questions, mainly due to its location.
— The Edge Markets

 

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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