Malaysia Morning News Roundup For February 23

Malaysia Morning News Roundup For February 23

Welcome to the Malaysia morning news roundup by AEC News Today, your one stop for Malaysia news on matters of governance and policies affecting Asean business communities.


Malaysia morning news

Submission of income tax via e-filing from March 1
Taxpayers can submit their income tax return form (ITRF) for the year of assessment 2016 via e-Filing starting from March 1, says the Inland Revenue Board of Malaysia (IRBM).
The Star Online

Renewed Consolidation Tipped For Malaysia Shares
The Malaysia stock market bounced higher again on Wednesday, one session after it had snapped the two-day winning streak in which it had collected almost 5 points or 0.3 percent.
Business Insider

Exclusive: Malaysia’s 123RF defers listing to year-end; eyes over $168m valuation
Chicago-headquartered stock image and design business 123RF may delay its initial public offer (IPO) to the end of this year as it is still in talks with several brokers, and has yet to lock on to an exchange where it wants to list itself, an industry executive with direct knowledge of the development said.
Deal Street Asia

Malaysia’s Petronas, Saudi Aramco to sign deal on RAPID refinery project
Malaysia’s state oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in Malaysia’s Refinery and Petrochemical Integrated Development (RAPID) project, two industry sources said on Wednesday.
Deal Street Asia

Ringgit higher versus greenback
The ringgit was higher at today’s opening on positive market sentiment that provided it the support, a dealer said.
New Straits Times

Petronas cost-cutting measures producing results
PETROLIAM Nasional Bhd’s (Petronas) response to falling oil prices over the last few years has produced the desired results, said president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin.
New Straits Times

Exclusive: Malaysia’s Blinkware to raise $2m from VCs to fund R&D
Malaysia’s Blinkware Technology, a motion and gesture platforms provider is raising $2 million from venture capital funds to give a push to its R&D efforts to roll out the Software Development Kit (SDK) for client applications.
Deal Street Asia

Telekom, Genting Plantation, CBIP, Old Town earnings above forecast
Telekom Malaysia, Genting Plantation, CBIP, Lafarge, Old Town, Genting’s Singapore unit reported earnings which were above Kenanga Investment Bank’s expectations.
The Star Online

Oldtown’s FMCG to be the main driver
Oldtown Bhd’s fast-moving consumer goods (FMCG) is expected to continue to be the main driver of growth, riding on the expansion of export sales into Greater China, according to Maybank Investment Bank Research.
The Star Online

Malaysian palm oilprice recovers from 3-1/2-mth low on bargain buying
Malaysian palm oil futures rose on Wednesday to bounce of a more than three-month low in the afternoon session as bargain hunters shrugged off market expectations of higher supplies and weak demand.
The Star Online



Feature photo: AinoTuominen



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




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