Malaysia morning news for March 4

Malaysia morning news for March 4

Malaysia morning newsMalaysia’s New Attraction: Durian Tourism
Malaysia, well known as a country with delicious durian fruits, now plans to go big on durian tourism, Deputy Agriculture and Agro-based Industries Minister Sim Tze Tzin said, according to The Star. He added that this will be done with the cooperation of the Tourism, Arts and Culture Ministry (Motac).
— Investvine

Malaysia Airlines: Lower losses in 2018
Malaysia Airlines Bhd (MAB) said the group ended 2018 on a marginally lower losses compared to a year ago, impacted by several factors including the crew shortages in the second half of 2018.
— The Sun Daily

4G speed fluctuations still prevalent for mobile internet users in M’sia
The latest report from Opensignal, the independent global standard for analysing consumer mobile experience, shows that across 77 countries studied, 4G Download Speeds are between 31.2 Mbps and 5.8 Mbps faster at the best hour of day compared with the slowest hour of the day.
— The Borneo Post

Manufacturers laud govt pledge to extend SST exemption list
Manufacturers laud the government’s commitment to expand Sales and Service Tax (SST) exemption list to include raw materials of non-taxable goods to avoid increases in cost of doing business and to ensure a level playing field between local manufacturers and traders.
— New Straits Times

Malaysia ready to back firms in finding missing flight MH370
Malaysia will consider resuming the search for missing Malaysia Airlines flight MH370 if companies interested in the hunt come forward with viable proposals or credible leads, its transport minister said on Sunday (Mar 3).
— Channel NewsAsia

Minimum wage based on sectors in 2 years
The government will start implementing minimum wage according to sectors in the next two years, said Human Resources Minister M Kula Segaran.
— FMT

Yayasan Petronas to deliver more impact, focus on CSR efforts
Petronas today launched Yayasan Petronas, its corporate social responsibility (CSR) arm, to deliver a broader and deeper impact of CSR activities across communities in Malaysia.
— New Straits Times

Palm oil players to deliberate on industry’s pressing issues
The 30th Palm and Lauric Oils Price Outlook Conference and Exhibition (POC 2019) , to be hosted by Bursa Malaysia this month, will gather industry players to deliberate on the most pressing issues confronting it and the response.
— The Borneo Post

As Primary Industries Minister Signals Oil Palm Halt, Sarawak Forestry Keeps Chopping Native Lands
Last week, residents from two Iban longhouses in Kanowit travelled to Kuching to present a signed petition to the Sarawak Forestry Department calling for an end to years of encroachment on their native lands at Bukit Spali in Sungai Ngemah.
— Sarawak Report

Malaysia’s ruling coalition loses seat in state by-election
Malaysia’s ruling coalition lost a state constituency in a by-election on Saturday, in a sign of waning popularity of Prime Minister Mahathir Mohamad’s alliance.
Reuters

Vivo’s V15, V15 Pro feature industry’s first elevating front camera
Vivo’s latest V15 series comes with the world’s first 32MP elevating front camera, complimented further by its Ultra FullView display.
— The Borneo Post

Teresa Kok clarifies ‘plant bamboo’ remark
Primary Industries Minister Teresa Kok today clarified that her earlier suggestion to cultivate bamboo was to counter the negative perception in the West towards Malaysia’s mass plantation of oil palms and its products.
— Malay Mail

Three, including two Invoke Malaysia employees nabbed for possession of drugs (Updated)
Police have detained a former and two current junior Invoke Malaysia employees for possession of drugs.
— The Sun Daily

Decentralisation – the key strategy for New Malaysia
Malaysia has once again been given the chance to re-make itself. The first re-making of its policy framework was the 1970 New Economic Policy (NEP) and the “Ketuanan Melayu” policies in the socio-political spheres.
— Malaysiakini

Analysts upbeat on DRB-Hicom’s FY19 results fuelled by Proton X70 and AV8 project
Analysts expect further improvement in DRB-Hicom Bhd’s financial year ended March 31, 2019 driven by the sales of its newly-launched Proton X70 and higher percentage of AV8 project.
— New Straits Times

Westports earnings forecast unchanged despite tariff hike
AmInvestment Bank kept its earnings forecast for Westports Holdings Bhd for the financial year 2019 to 2020 (FY19–20) unchanged, although the port operator is allowed to raise its container tariff by 13% from March 1 onwards.
— New Straits Times

FGV’s transformation plan to yield results in FY19 — Analysts
FGV Holdings Bhd’s (FGV) transformation plan is only expected to yield results in the financial year 2019 (FY19), analysts say after the group reported deep losses for FY18.
— The Borneo Post

Ministry targets B40 group to spur local entrepreneurship interests
The Entrepreneur Development Ministry will target and encourage those within the Bottom40 (B40) bracket to venture into entrepreneurship to remain relevant with times and alleviate their income statuses.
— Malay Mail

How the Malaysian People are now put in charge of Visit Malaysia 2020 ?
Malaysia Truly Asia was one of the most successful campaigns in the global travel and tourism industry and created by an Australian branding company. Now the people of Malaysia are being put in charge of the new Visit Malaysia 2020 campaign.
— eturbo news

Doing away with highly-skilled expats will hit us badly, say employers
Cancelling employment passes of new and existing expatriates in the country will bring adverse effects, employer groups warned today.
— FMT

Realising the RM85 billion industry
A recent update from Google, predicts that the digital economy in Malaysia will be worth RM85.8 billion by 2025. The key sector in digital economic growth is the e-commerce industry followed by the online tourism industry and the ride-hailing industry.
— The Borneo Post

TH to develop new asset allocation strategy, says CEO
After a successful turnaround and restructuring programme of its underperforming assets, Lembaga Tabung Haji is now planning to develop a new asset allocation strategy, said group managing director/chief executive officer Datuk Seri Zukri Samat.
— The Borneo Post

Malaysia to boost durian tourism, farmers urged to invest in agro-tourism
Malaysia plans to go big on durian tourism, says Deputy Agriculture and Agro-based Industries Minister Sim Tze Tzin.
— The Star Online

Boosting Malaysia-France ties
PARIS recently published new statistics for France-Malaysia bilateral trade which showed a remarkable increase of 11.4 per cent for Malaysian exports to France last year, reaching more than RM11 billion.
— New Straits Times

A one-way ticket out of Putrajaya
Pakatan Harapan (PH) has lost two by-elections in the span of just one month.
— FMT

One Simple Question For Hadi And PAS
After being exposed yet again as liars for publicly alleging they did not pay the bulk of Sarawak Report’s legal fees to the tune of UK£260,000 (RM1.4m), PAS spokesmen have now spun a whole further set of untruths to protect their party and its boss Hadi Awang.
— Sarawak Report

Avoid disrupting electric bus service, operator advises motorists
The operator of the state’s first electric bus here is appealing to motorists to be more considerate and aware of the bus’ movement on the road.
— The Borneo Post

5-star hotel InterContinental Hanoi Westlake sold to Vietnamese firm
Malaysia-based Berjaya Group has sold its 75 percent stake in the five-star InterContinental Hanoi Westlake hotel to Hanoi Hotel Tourism Development Company JSC.
— VnExpress

 

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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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