Malaysia morning news for May 15

Malaysia morning news for May 15

Malaysia morning newsMalaysia’s Sabah-Sarawak pipeline shut for repairs – sources
Malaysia’s state oil and gas company Petroliam Nasional Bhd has temporarily shut the Sabah-Sarawak pipeline that feeds gas to its liquefied natural gas (LNG) complex at Bintulu in the state of Sarawak, two industry sources said on Tuesday.
— Today Online

Malaysia’s 1Q GDP growth seen cooling on weak demand, exports
Malaysia’s economic growth pace likely slowed in the first quarter, due to tepid consumption and softer global demand as a result of the US-China trade war, a Reuters poll showed.
— The Edge Market

Malaysia can generate more electricity if all roofs use solar panels, says Yeo
Malaysia can generate 1.4 times more electricity if all the roofs in Peninsular Malaysia are fitted with solar panels, compared with the conventional electricity generation of fossil fuel burning.
— The Star Online

Islamic State could exploit local issues to advance ideology in Malaysia, analyst says
The Islamic State (IS) may be using local controversies as platforms for its extremist ideology, said an International Islamic University Malaysia (IIUM) lecturer.
— Malay Mail

Natural rubber production drops 16.2 pct in March 2019
Malaysia’s natural rubber production in March 2019 declined 16.2 percent to 49,465 tonnes compared with 59,017 tonnes in February 2019, according to the Department of Statistics Malaysia.
— New Sarawak Tribune

Govt urged to retain affordable housing for civil servants
The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has urged the government to retain the construction of affordable housing for civil servants via the National Affordable Housing Policy (DRMM).
— The Sun Daily

Malaysian bonds total trade rises to RM26.9 bln
Total trading for government bonds, such as Malaysian Government Securities (MGS) and Mudharabah Investment Interbank (MII) for the week ended May 10, rose to RM26.9 billion from RM19.4.
— New Sarawak Tribune

Dr M promises legal action over Defence Ministry land swap scandal
Legal action will be taken against any civil servant or former Cabinet member incriminated in the ongoing investigation into several plots of land involving the Defence Ministry, Tun Dr Mahathir Mohamad said today.
— Malay Mail

Malaysian labour market to open soon, hopes state minister
‘Both the countries have mutually agreed to revive the market which has been in suspension for Bangladeshi workers since September 2017 and also discussed the other issues affecting foreign workers in Malaysia’
— Dhaka Tribune

Check with us before protesting, Perak official tells anti-logging groups
Perak Communications, Multimedia, Non-governmental organisation (NGO) and Cooperatives Development Committee chairman Hasnul Zulkarnain Abdul Munaim urged environmental groups today to verify their information before objecting to logging in the state.
— Malay Mail

Leong Hup Q1 profits leapt 48pc to RM90m on higher chicken and egg sales
Leong Hup International Bhd’s first quarter profits ended March 2019 leapt 48 per cent to RM90.28 million from RM61.02 million posted a year ago, thanks to higher chicken, egg and feedmill sales.
— New Straits Times

Finance minister says Penang airport will soar higher once Kulim airport built
Amid the ongoing airport debate, Lim Guan Eng again assured Penangites that the proposal to built one in Kulim can only take Penang’s to “greater heights”.
— Malay Mail

New association mulled to help Brunei, Malaysia businesses seek more trade opportunities
Business owners from Malaysia and Brunei will soon be able to foster greater trade cooperation and draw upon one another’s strengths with the establishment of a friendship association.
— The Scoop

This Museum in Kuching Will Be The Biggest in Malaysia, Stunning Photos Of Building Go Viral
According to the Borneo Post, the Sarawak Museum Campus is currently under construction and will open its doors to the public in September 2020. Located in its capital, Kuching, the museum will house hundreds of historical artefacts and will officially be declared the second biggest museum in Southeast Asia, with five levels and a total floor space of about 31,000 square metres.
— World of Buzz

Dr M promises legal action over Defence Ministry land swap scandal
Legal action will be taken against any civil servant or former Cabinet member incriminated in the ongoing investigation into several plots of land involving the Defence Ministry, Tun Dr Mahathir Mohamad said today.
— Malay Mail

E-commerce transactions enjoying healthy growth
E-commerce is proving to be a boon for Malaysian businesses, with a survey finding that income from e-commerce transactions has grown at a rate of about 6% per year, up to 2017.
— The Star Online

Najib-Irwan Serigar RM6.6b CBT trial to start Jan 2020
Datuk Seri Najib Razak and former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah’s joint trial over six criminal breach of trust (CBT) charges involving RM6.64 billion will begin in January next year.
— Malay Mail

Photos of Malaysian firemen breaking fast on the roadside go viral
As Malaysians break fast in the comfort of their homes and restaurants, a group of firemen did so on the roadside, after carrying out their duties.
— The Straits Times

Plantation firms face earnings pressure in 1Q — Maybank IB Research
Maybank IB Research expects the plantation sector to see continued earnings pressure in the first quarter of 2019 (1Q 2019), mainly on weak spot crude palm oil (CPO) average selling price (ASP).
— The Borneo Post

Digi expects flattish service revenue growth in 2019
Digi.Com Bhd is looking to grow its postpaid subscriber base through prepaid conversion, as it expects a flattish year-on-year service revenue growth for 2019.
— The Star Online

Dr M launches myPortfolio to beef up civil sector
Prime Minister Tun Dr Mahathir Mohamad has launched a workplace guideline for the public sector, known as myPortfolio, aimed at creating a conducive environment to make the civil sector more efficient.
— The Star Online

Perlis Islamic religious council allocates more than RM3.75m in ‘fitrah’ aid for 9,378 recipients
The Perlis Malay Customs and Islamic Religious Council (Maips) has allocated more than RM3.751 million to be given as “fitrah” aid to 9,378 recipients, comprising the poor and destitute, in the state before Aidilfitri.
— Malay Mail

Ringgit opens lower against US dollar at opening
The ringgit opened lower against the US dollar in early session today as investors stayed on the sidelines for firmer policies by the government to face global economic headwinds.At 9am, the local note opened at 4.1670/1700 compared with 4.1620/1670 against the greenback.
— The Sun Daily

Zuraida: Ministry drafting new policy to address housing projects
The Housing and Local Government Ministry is in the midst of drafting a new policy on abandoned housing projects to fine tune the standard operating procedures (SOPs) to address the long standing problem.
— Malay Mail

Argentina seeks JV, cooperation with M’sia on renewable, nuclear energy
Argentina is seeking joint venture and cooperation with Malaysia in the field of renewable energy and the peaceful use of nuclear energy, said vice president Gabriela Michetti.
— New Sarawak Tribune

Malaysia’s IPI gains pace but 1Q GDP likely to weakened
Malaysia’s industrial production index (IPI) growth picked in March, exceeding consensus’ expectations, but analysts say this gain is not enough to lift the nation’s gross domestic product (GDP) for the first quarter of 2019 (1Q19).
— The Borneo Post

Risk of monkeypox spreading to Malaysia is low, says Health Ministry
The risk of monkeypox infection in Malaysia is low, but the government will remain vigilant, says Deputy Health Minister Dr Lee Boon Chye.
— The Star Online

Dr M happy police objection against IPCMC resolved
The Prime Minister is pleased that the objection by the police against the setting up of the Independent Police Complaints Misconduct Commission (IPCMC) has been resolved.
— The Star Online

All MPs must declare their assets, says Dr M
All federal lawmakers must declare the worth of assets in their possession as well as those owned by their family members to the Malaysian Anti Corruption Commission (MACC), the prime minister said today.
— Malay Mail

Foreign funds reduced MGS holdings by RM9.8b in April, MARC says
Foreign investors reduced their holdings in Malaysian Government Securities (MGS) by RM9.8bil to RM180.1bil in April – the lowest level since March 2017, Malaysian Rating Corporation Bhd (MARC) said.
— The Star Online

Dr M admits he’s not very gadget savvy, can’t fully use his handphone
Prime Minister Tun Dr Mahathir Mohamad has always urged Malaysians to embrace technological advancements, but admits that many of today’s gadgets are beyond him.
— Malay Mail

TH posts Q1 net profit of RM440 mln on stronger financial position
Lembaga Tabung Haji (TH) posted a sustainable performance by recording a net profit of RM440 million in the first quarter ended March 31, 2019, as a result of.
— New Sarawak Tribune

Adapt to new technologies – Dr Mahathir
Prime Minister Tun Dr Mahathir Mohamad said people need to adapt to new technologies to ensure they are not left out in the new world. Speaking at the Sultan Abdul Hamid Old College Association (SAHOCA) breaking-of-fast event here tonight, he said the world was going through a new period.
— The Borneo Post

Installed: First Halcyon radiotherapy machine to treat cancer patients
With the rise of cancer cases every year, the first Halcyon Radiotherapy machine in South-East Asia to treat this deadly disease has been installed in a private hospital in Malaysia.
— The Star Online

Pakatan’s honeymoon is over and the economy is faltering, says Gerakan’s Lau
It is worrying that stocks, bonds and ringgit are under pressure, one year after Pakatan Harapan (PH) rose to power, says Gerakan national president Datuk Dr Dominic Lau Hoe Chai.
— The Star Online

Steel products maker Tashin to issue over 59m new shares for ACE Market listing
Steel products manufacturer Tashin Holdings Bhd will issue 59.33 milion new shares of 17% of the enlarged share capital as it seeks to list on the ACE Market of Bursa Malaysia.
— The Star Online

Rethink curbs on ministers campaigning during work hours, Dr M urges EC
Tun Dr Mahathir Mohamad will ask the Election Commission (EC) to reconsider its “unfair” directive barring ministers and politicians with government posts from election campaigns during office hours.
— Malay Mail

Special RM500 Hari Raya and Gawai aid for civil servants in S’wak
The Chief Minister’s Office (CMO) has announced that all civil servants will get a Special Financial Aid of RM500 as part of the coming Hari Gawai and Hari Raya Aidilfitri celebrations.
— The Borneo Post

George Clooney: Brunei boycott over gay death penalty ‘warning shot’ to Malaysia, Indonesia (VIDEO)
The hotels boycott that forced the Sultan of Brunei to back down from imposing the death penalty for homosexuality will serve as warning for other countries considering this, US actor-producer George Clooney said.
— Malay Mail

Tomei posts 14.7% increase in Q1 net profit
Tomei Consolidated Bhd posted a net profit of RM2.87 million for the first quarter (Q1) ended March 31, a 14.7% increase from RM2.50 million recorded for Q1 2018.This is despite registering a lower revenue of RM143.33 million against the RM149.95 million in the previous corresponding.
— The Sun Daily

 

Feature photo udeyismail

This week’s Malaysia morning news feature photo acknowledges Vesak Day, May 18. 

 

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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