Malaysia morning news for March 8

Malaysia morning news for March 8

Malaysia morning newsFinance minister launches RM3b fund to help Malaysia achieve Industry 4.0 goal
Finance Minister Lim Guan Eng has launched the RM3 billion Industry Digitalisation Transformation Fund (IDTF) which is managed by Bank Pembangunan Malaysia Berhad (BPMB) today.
— Malay Mail

Ministry ready to consider making two of 12 vaccines compulsory
The Health Ministry (KKM) is prepared to consider a proposal of the Malaysian Paediatric Association (MPA) to make at least two of the 12 vaccines under the National Immunisation Programme compulsory.
— The Borneo Post

Shut down or sell off Malaysia Airlines, aviation analysts say
Malaysia Airlines Bhd’s (MAS) days as a national carrier may be numbered as it has failed to meet its three-year target to be profitable, but is instead bleeding since it was taken private in 2014, say aviation analysts.
— TodayOnline

Tourism Malaysia, MAHB sign MoJC with Condor Airlines
Tourism Malaysia and Malaysia Airports Holdings Bhd (MAHB) have signed a Memorandum of Joint Collaboration (MoJC) with Condor Airlines to support the airline’s Frankfurt-Kuala Lumpur flight operations for the summer 2019 season.
— New Straits Times

Malaysia’s Mahathir warns Philippines against foreigner influx
Malaysian Prime Minister Mahathir Mohamad on Thursday (March 7) warned the Philippines against letting in foreigners who could “disturb the political equations” as President Rodrigo Duterte’s Beijing pivot sparks an influx of Chinese workers.
— The Straits time

Malaysia up five notches to 51 in Rule of Law index
Malaysia rose five notches among 126 countries in the 2019 Rule of Law Index worldwide, a survey by World Justice Project (WJP) revealed today.
— The Edge Markets

Malaysia Airlines is struggling to meet its five-year plan to become profitable: NST Report
Malaysia Airlines (MAS) was privatised under Khazanah, which set a five-year turnaround goal for the airline in 2014, NST said.
— Business Insider

Malaysia’s banking sector’s profitability may decline
The country’s banking sector is likely to see its profitability decline as revenue growth slows and credit costs rise.
— The Star Online

In Malaysia, one of the world’s oldest rainforests awaits
In the tropical morning light, Malaysia’s Lake Temengor is a glazed expanse of emerald green, deepened by the dense walls of rainforest surrounding it.
— CNN

Malaysia: Mahathir asks China to define claim on South China Sea
Speaking at meeting with Philippines’ President Duterte, Malaysian PM said other countries wanted to exploit waters.
— Aljazeera

MA URGES MALAYSIA GOV’T TO INVEST IN YOUNG ENTREPRENEURS
“Give young people a chance” was the emphatic refrain from Alibaba founder Jack Ma during a meeting this week with a group of Malaysian officials at the company’s global headquarters in Hangzhou.
— Alizila

Malaysia’s Anwar declares over RM10 million in assets, as part of public declarations
A top member of Malaysia’s ruling alliance, Datuk Seri Anwar Ibrahim, on Thursday (March 7) declared personal assets worth more than RM10 million (S$3.3 million) to the Malaysian Anti-Corruption Commission (MACC).
— The Straits Times

Bank of China targets HNWIs in Malaysia
Bank of China (BoC), a state-owned commercial bank in China, has launched its wealth management operations in Malaysia, the first among the banking group’s Southeast Asia’s entities to do so.
— International Investment

There are no gay people in Malaysia says tourism minister
Malaysia’s tourism minister has denied the existence of gay people in the country, according to reports in German media.
— CNN

Malaysia sees relief after drought of foreign portfolio flows
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 Star Online

Malaysian palm oil eases on bearish price, output outlook
Malaysian palm oil futures eased on Wednesday evening on bearish price and production forecasts at an industry conference in Kuala Lumpur.
— The Star Online

Foreigner in Irishman murder case has fled Malaysia: Police
A fair-skinned foreign man, whom Malaysian police are looking for in connection with the murder of an Irishman in Penang, has fled the country.
— The Straits Times

Sabah to get RM13bil investment in POIC Lahad Datu
Sabah is set to receive a single game-changing investment worth RM13 billion that can potentially placed the state on the world map of petrochemical products’ producers.
— New Straits Times

Sumatec posts net loss RM2.74m in FY18
Sumatec Resources Bhd posted net losses of RM2.74mil in the financial year ended Dec 31, 208 and net losses of RM826,000 in the final quarter.
— The Star Online

Finance Minister hopes decision on ECRL soon
Finance Minister Lim Guan Eng has expressed hope that the decision on the East Coast Rail Link (ECRL) will be finalised soon, after the Chinese government offered some reduction in the cost of the project.
— The Sun Daily

Hadi ‘Condemned’ RPK’s ‘Deplorable’ and ‘Inaccurate’ Articles About Sarawak Report To London Court
In his sworn statement to the London Court in April 2018 Hadi Awang disowned his key witness RPK and what he had written about Sarawak Report, which had become the subject of a counter claim by this blog against the PAS President.
— Sarawak Report

Malaysian volunteers visit Semporna sea gypsies and give much-needed health checks
Scores of volunteers visited the sea gypsies (locally known as Pelau) and residents of Omadal Island off Sabah’s Semporna district recently.
— Eleven Myanmar

Putrajaya beating around the bush over MA63, says Sarawak activist
A vocal Sarawak activist has cast doubt on Putrajaya’s efforts related to the Malaysia Agreement 1963 (MA63), accusing Dr Mahathir Mohamad of “beating around the bush” in addressing calls to restore the state’s rights under the Malaysia federation.
— FMT

China-based Vanke group opens experiential hall to foster closer Malaysia ties
Property developer Vanke group has launched an experience-orientated gallery to introduce itself to the Malaysian public.
— Malay Mail

Malaysia delivers uber-style healthcare to patient’s doorstep
Malaysia is launching an innovative approach to providing medical care to every patient’s doorstep.
— The Independent

Survey: Malay, Indian jobseekers likely to face discrimination
Malays and Indians are more likely to experience discrimination when applying for jobs in the private sector, especially women of the two ethnicities, a survey by a think tank found.
— Malay Mail

Malaysia’s union of the two biggest Malay parties criticised
The announcement of the formal collaboration between Umno and PAS means that the “spirit” of Barisan Nasional has ended, says Barisan secretary-general Datuk Seri Nazri Aziz.
— Eleven Myanmar

Gov’t considering how to encourage parents to vaccinate children
The government is figuring out how to encourage parents to give the necessary vaccinations to their children.
— The Sun Daily

Twitter account holder held for insulting Islam
The police have detained a Twitter account holder for allegedly insulting Islam and Prophet Muhammad.
— The Borneo Post

Unlikely twins and differing fortunes – Malaysia’s Petronas & Indonesia’s Pertamina
On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID.
— Euro News

Maxis is the first telco to conduct live 5G trials in Malaysia
Shortly after Maxis had signed an MoU with Huawei to accelerate the deployment of 5G networks in Malaysia, Maxis has officially commenced its 5G trials in Cyberjaya earlier this week. This makes Maxis the first operator to conduct live 5G trials in Malaysia and it will be running for a period of six months.
— Soyacincau

Travel agencies in Malaysia may leave out London over Brexit
Travel agencies may change their itinerary and exclude London as a destination from their tours to Europe should there be immigration problems due to Brexit.
— The Straits Times

 

Feature photo Terrafugia

 

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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