Malaysia morning news for March 7

Malaysia morning news for March 7

Malaysia morning newsMoF: Malaysia’s Jan 2019 export value of RM85.4b is a record high
Malaysia’s export value in January 2019 of RM85.4 billion is the highest in the country’s history, surpassing the previous record of RM82.8 billion achieved in January 2018, according to the Ministry of Finance (MoF) today.
— The Edge Markets

Malaysia’s central bank holds rate, sees ‘steady’ economic growth
Malaysia’s central bank kept its key interest rate unchanged on Tuesday, as expected, expressing confidence that the economy can stay on a “steady growth path” despite multiple risks.
— Business World Online

Malaysian State Government to Use Blockchain Technology for Agricultural Supply Chains
Penang, one of the 13 states of Malaysia, is undertaking a project to revolutionize its supply chains for food production using blockchain technology.
— Nasdaq

Govt seeks to challenge RM11 million damages to The Edge over 1MDB reports
The government is seeking to appeal against the RM11 million awarded to a newspaper publisher over its three-month suspension for reporting on state investment fund 1MDB.

No gays in Malaysia, says tourism minister
Malaysia’s Tourism, Arts and Culture Minister has caused consternation, following reports that he told German media there are no gays in the country.
— The Straits Times

Kuala Lumpur: A taste of Malaysia’s capital
In Kuala Lumpur, next to skyscrapers, you’ll find traditional mosques, churches and Buddhist temples. The city is a melting pot of nationalities, and that cultural diversity is especially apparent when it comes to food.
— DW

Malaysia sees relief after drought of foreign portfolio flows
(March 6): Foreign investors are slowly coming back to Malaysia after a sell-off last year, attracted by reduced political tensions, the market pricing and hopes for better returns after economic growth picked up in late 2018.
— The Edge Markets

Malaysian opposition forms alliance in new challenge to Mahathir
Malaysia’s two largest opposition parties have launched a fresh challenge to Prime Minister Mahathir Mohamad by forging an alliance designed to appeal to the ethnic Malay majority.
— Nikkei Asian Review (paywall)

Malaysia’s ex-PM Najib and economic affairs minister trade barbs over Khazanah’s S$2b loss
A public tiff on social media has erupted between former premier Najib Razak and Economics Affairs Minister Datuk Seri Mohamed Azmin Ali over the RM6 billion (S$2 billion) loss recently reported by sovereign wealth fund Khazanah Nasional Bhd.
— The Straits Times

Umno-PAS alliance not a problem, says MIC
MIC, the Indian component of Barisan Nasional (BN), sees nothing wrong with PAS cooperating with the coalition’s lynchpin party Umno as long as it is beneficial.

Malaysia Opens New Probe into Wang Kelian Mass Graves
Malaysia’s new government has reopened an investigation into mass graves of Rohingya and Bangladeshi trafficking victims discovered in the jungle along the Thai border in 2015, because officials determined that people were not satisfied with an earlier probe, the home minister said.
— Radio Free Asia

Sea Life Malaysia welcomes 23 species of fish
Sea Life Malaysia is on track for its grand opening slated for April this year.
— The Star Online

Opinion: Malaysia inspires hope for democracy
Malaysia saw a change of government last year for the first time in 61 years. This is actually good news for a democracy, because as every introduction to this form of government teaches, it involves the peaceful transfer of power from one party to another.
— DW

Malaysia’s richest man slips out of world Top 100
“Sugar King” Robert Kuok is now the 104th richest man in the world according to Forbes, down from 96th place in last year’s edition.
— Malay Mail

Owner of Legoland Malaysia considers selling popular theme park
Sovereign wealth fund Khazanah Nasional is weighing a sale of Legoland Malaysia Resort, people with knowledge of the matter said.
— The Star Online

Malaysia Airlines accounts for half of Khazanah’s RM7.3bil impairments in 2018
Khazanah Nasional Bhd has accounted for half of its whopping RM7.3 billion impairments registered last year in sustaining Malaysia Airlines Bhd (MAS).
— New Straits Times

Quick take: Teck Guan hits limit-up, surges 33%
Shares of Teck Guan Perdana Bhd hit limit-up, surging the maximum 30 sen a share to RM1.20 on Wednesday.
— The Star Online

LCI dispatches more helicopters for duty offshore Malaysia
Lease Corporation International (LCI), the aviation division of the Libra Group, has delivered two further helicopters to Weststar Aviation Services on operating leases in Malaysia.
— Offshore

Ministry proposes cap on oil palm plantations
The Ministry of Primary Industries will be presenting a proposal to the Cabinet this month to cap the maximum area for oil palm plantations at about 6.5 million hectares, up from the 5.85 million hectares as at end-2018.
— The Borneo Post

Proton sold 5,283 cars in February 2019
Proton Holdings Bhd has recorded 5,283 new car sales in February 2019.
— The Star Online

Steering committee set up to discuss forming Malaysia Media Council
The National Consultation on a Malaysian Media Council (MMC) has agreed to set up a steering committee to discuss in detail the next step of making the self-regulatory body a reality.
— Malay Mail

SC imposes ban, fine on auditors for failing to meet audit standards
The Securities Commission has imposed a 12-month ban on McMillan Woods Mea and two of its partners from accepting clients and auditing any public interest entities.
— The Star Online

Promas targets RM15 mil sales from mission to Australia, New Zealand
The Malaysia Promas International Business Society (Promas) is targeting sales of RM15 million from the Export Acceleration Mission to Australia and New Zealand from June 24-30.
— The Edge Markets

Duterte, Mahathir meet again, this time in PHL
PRESIDENT Duterte and Malaysian Prime Minister Mahathir Mohammad are set to meet once again on Thursday (March 7) to rekindle economic and political ties between two countries.
— Business Mirror

AmBank wins National Occupational Safety and Health Excellence Award
AmBank Group won the ‘2018 National OSH Excellence Award’ in the Financial Institution category at the recent National Occupational Safety and Health (NOSH) Excellence Awards 2018 ceremony which was held at the Mövenpick Hotel and Convention Centre KLIA in Sepang.
— The Borneo Post

Malaysian police investigate murder of Irishman on Penang Island
Police in Malaysia say they are treating as murder the death of an Irishman on the island of Penang yesterday.

Mercedes-Benz Malaysia unveils refreshed E-Class range
Mercedes-Benz Malaysia (MBM) today introduced its refreshed E-Class range, led by the range-topping variant, the all-new Mercedes-Benz E 350 AMG Line.
— The Edge Markets

DOSH seals 14 unsafe worksites in Penang
Fourteen construction sites in Penang have been closed off due to safety violations in the past two weeks, Department of Occupational Safety and Health (DOSH) revealed today.
— Malay Mail

What Hadi Swore In Court Before GE14 and What He Says Now
Just before the last election, on 17th April 2018, Hadi produced a witness statement to the UK High Court making a series of claims that are now proven to have been totally untrue.
— Sarawak Report

Malaysia’s police have ongoing engagement with China on Jho Low
Police are unsure if Jho Low, who faces multiple charges linked to Malaysian state fund 1MDB, is in China despite speculation saying so, Inspector General Mohamad Fuzi Harun tells reporters in Kuala Lumpur.
— The Edge Markets

Malaysia, Brunei signing MoU in prisoner transport
Malaysia and Brunei Darussalam have signed a memorandum of understanding on the movement of prisoners between the two countries.
— The Star Online


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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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