Malaysia Morning News For May 3

Malaysian economy stays resilient, says IMF
The Malaysian economy has performed well over the past few years and remained resilient despite the challenging global economic environment, said the International Monetary Fund (IMF) in its annual consultation report on Malaysia, which concluded on March 15.
— The Star Online

Malaysia’s PMI up on improved overseas demand for M’sian products
A marginal improvement in Malaysia’s manufacturing operating conditions was recorded for the first time in two years during April, as seen in the Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI).
— The Star Online

BNM governor Muhammad upholds his own central banker brand
TRANSPARENCY in financial stability policies is the way to go for Bank Negara Malaysia governor Datuk Muhammad Ibrahim and he eagerly looks forward to feedback from the public.
— New Straits Times

Analysts see termination as positive
THE land lease agreement (LLA) issue has dragged down Felda Global Ventures Holdings Bhd’s (FGV) return on equity and caused confusion among industry experts due to the complicated accounting entries, said analysts.
— New Straits Times

Report: Up to US$431b in illicit outflows from Malaysia over past decade
Malaysia lost up to about US$431 billion (RM1.8 trillion) in illegal flow of money between 2005 and 2014, a Global Financial Integrity (GFI) report estimated.
— Malay Mail Online

Govt allocates RM1.025m for Oath Stone relocation
The government approved an allocation of RM1.025 million to finance the relocation project of the Oath Stone that is currently placed in front of the Keningau District Office.
— Malay Mail Online

More young investors entering into Malaysian market
Younger investors are entering the market in larger numbers, with Bursa Malaysia revealing a 36% jump in the number of Central Depository System (CDS) account holders aged 25 years and below.
— The Star Online

Ringgit and Philippine peso lead Asian currency rally
Better late than never. The Philippine peso and ringgit have clambered aboard the Asian currency rally, advancing against the dollar and spurring flows into equity markets.
— The Star Online

Greater push for biodiesel in Indonesia, Malaysia
The rapid depletion of fossil fuel heightens the need for governments to start implementing measures to reduce its dependency on natural oil and gas.
— BorneoPost Online

Bahrain-Malaysia oil, gas cooperation discussed
Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa met with Malaysian Minister of Economic Planning Abdul Rahman Dahlan.
— Bahrain News Agency

Agriculture Minister calls on consumer to support local chillies
Local consumers need to cut down on their dependency on imported chillies that are of inferior quality and support locally produced premium chillies.
— New Straits Times

Malaysia, Indonesia to lead defence against EU restrictions
Malaysia and Indonesia, the world’s top palm oil producers, will lead Asean’s defence against the European Union’s (EU) move to restrict imports of the commodity over claims that the industry is causing deforestation.
— New Straits Times

Malaysian scientist proves existence of ‘supermassive’ black hole
A young scientist has succeeded in proving the existence of a supermassive black hole hidden cosmic circle.
— Malay Mail Online

Johor govt to present report card for people to evaluate its performance
The Johor state government will present report card to enable the people to review and evaluate the performance capabilities of the current administration in delivering its promises.
— Malay Mail Online

Mahathir: Malaysians ashamed to reveal their nationality abroad
In yet another jab in the flanks of Malaysian Prime Minister Najib Razak, Tun Mahathir Mohamad former PM said: “In fact Malaysians abroad often hide their Malaysian identity for fear of being told about the corruption and the allegations of wrongdoings by their Prime Minister.”
— The Independent

MALAYSIA IMPLODES: MINORITIES THE BIGGEST LOSERS AT GE14 AS EXTREMISM, RACISM OVERRUNS THE COUNTRY
It is a spot on earth blessed with everything: water, oil, natural gas, palm oil, rubber, best diving spots in the world, postcard-perfect beaches, universal education, affordable healthcare, a sprinkling of different cultures and food most people can only dream about and last but not least, unbelievable hospitality.
— Malaysia Chronicle

Malaysia arrests 6 Islamic State suspects
Malaysian counter-terrorism officials arrested six suspects between Mar 24 and Apr 25, 2017 for alleged involvement in activities linked to the Islamic State militant group, authorities said on Wednesday (May 3).
— Channel NewsAsia

Strong educational links between Malaysia, Pakistan: envoy
There are strong educational links between Malaysia and Pakistan with over 5,000 students currently studying in Malaysia, High Commissioner of Malaysia to Pakistan Dr Hasrul Sani Mujtabar said on Tuesday.
— Daily Times

Feature photo Zashnain Zainal
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).

Introducing The AEC News Today Mobile App

In an era of hectic schedules where time is precious, the AEC News Today mobile app enables you to stay up to date with the latest Asean news on governance and policy issues affecting the Asean Community while you are on the move and whenever you have a few minutes to spare.

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App

Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.