Malaysia Morning News For April 18

Malaysia Morning News For April 18

Malaysia morning news

mTouche says Thai project can hit RM2.6bil revenue
The contract to build, install and operate the SMART4 public phone and WiFi hub terminals for Thailand’s state-owned TOT Public Co Ltd is estimated to be worth RM175.5mil, said mTouche Technology Bhd.
The Star Online

Malaysian palm oil price slides to 8-month low
Malaysian palm oil futures lost early gains, sliding to an eight-month low in late trade on Monday, weighed down by expectations of rising output in top producers Malaysia and Indonesia.
The Star Online

Malaysia’s Axiata Digital invests $16.8m into Swedish insurtech BIMA
BIMA, an insurance technology (insurtech) firm that provides microinsurance to underserved families in emerging markets, has closed $16.8 million from Axiata Digital, the digital services arm of Axiata Group Berhad (Axiata).
Deal Street Asia

Tech stocks in Malaysia hit 10-year high, buoyed by chip boom
As growth in semiconductor usage underpins a 38% surge in Malaysian technology stocks, companies like Vitrox Corp Bhd are expanding.
The Edge Markets

Malaysia March inflation seen hitting 8-yr high of 5.3 pct y/y
Malaysia’s annual inflation rate is expected to rise to 5.3 percent in March, the highest in eight years, a Reuters poll showed.
The Economic Times

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Ringgit opens lower against US dollar
The ringgit opened lower against the US dollar today on mild profit-taking following yesterday’s gains.
New Straits Times

PGB to spend RM500 million in current financial year
Petronas Gas Bhd (PGB) is spending more than RM500 million in capital expenditure (capex) in the current financial year ending Dec 31, 2017.
New Straits Times

Govt to build 4,800 units transit studio apartment for youth in Batu, KL, says minister
The Ministry of Urban Wellbeing, Housing and Local Government will build 4,800 units of studio apartment for youth, on its land in Batu district, Kuala Lumpur.
Malay Mail Online

Minister: No halal certs for ‘ham’, ‘bacon’, ‘beer’
Authorities will not issue halal certification for non-alcoholic “beer” or any product that uses “haram”-related names like ham or bacon, minister Datuk Seri Jamil Khir Baharom said today.
Malay Mail Online

Petronas Gas to gain from new leasing deals
Petronas Gas Bhd (PetGas) hopes to gain from leasing agreements once the contracts under the new Gas Supply (amendment) Act 2016 come into effect.
The Star Online

Prasarana eyes development of Brunei metro system
Prasarana Malaysia Bhd is eyeing the Brunei market on the possibility of developing a metro network system there, said its president and group chief executive officer Datuk Seri Azmi Abdul Aziz.
The Star Online

Fundraising event held in Malaysia to support Myanmar women refugees
A four-day fundraising event called Unsung Heroines is being held to support displaced Myanmar women refugees in Malaysia, the Star reported on 15 April.

Malaysia buys more trains from China
THE Malaysian government has purchased more trains to meet increasing public demand for the KTM Komuter service.
The Nation

Digital economy on track for 18pc GDP contribution – MDEC chief
THE digital economy is on track to contribute 18 per cent to the country’s gross domestic product (GDP) this year, said Malaysia Digital Economy Corp (MDEC) chief executive officer Datuk Yasmin Mahmood.
New Straits Times

Ann Joo Resources benefitting from improved demand: Maybank IB Research
Maybank IB Research says there is better earnings clarity for Ann Joo Resources Bhd, and issued a “buy” call on the company, with a target price of RM3.20.
New Straits Times

Selling properties below market price not necessarily bad, industry players say
The property market has bottomed out lower than it did last year but according to experts, this may not be a bad thing as there are still willing buyers for discounted properties.
Malay Mail Online

DPM: Advisers must be prepared to accept views of others
Advisers to the national leader must be open-minded and be prepared to accept the views of others, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
Malay Mail Online


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Malaysia morning news is published M-F by AEC News Today: Governance, not government; policies not politics.




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