Malaysia Morning News For April 19

Malaysia Morning News For April 19
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Malaysia morning newsTrade restrictions, tighter funding conditions pose risks to Malaysia
Malaysia is vulnerable to trade protectionism and unexpected tightening in funding conditions due to its high dependence on trade, according to a report by Moody’s Investors Service Inc.
— The Malaysian Reserve

RHB: Market volatility presents trading opportunities
Although the 14th general election (GE14) is a significant overhang for the economy and markets, volatility can still present trading opportunities due to the nation’s solid economy, earnings growth as well as pent-up demand post-election.
— Malay Mail

Maybank sees higher online deals in 2018
Malayan Banking Bhd (Maybank) is confident its online transactions will increase to 6.4 billion this year, following the newly revamped Maybank2u website, which will be launched to the public tomorrow.
— The Malaysian Reserve

Malaysian palm oil price closes flat after recouping early losses
Malaysian palm oil futures closed flat on Wednesday as short covering in the second half of trade helped the market recover from losses earlier in the day.
— The Star Online

Malaysian Opposition can contest under PKR logo
MALAYSIA’S Election Commission (EC) has clarified that it has no objections to the Opposition’s wish to use the Parti Keadilan Rakyat (PKR) logo for the general election.
— Business Times

CVC Capital close to buying Munchy Group for RM1.1b
CVC Capital Partners is close to an agreement to buy Malaysian snack food maker Munchy Group, according to people with knowledge of the matter.
— The Star Online

Police to release super-yacht Equanimity seized in Bali
Indonesian police will release super-yacht Equanimity back to its rightful owner, Equanimity Cayman Limited, after the South Jakarta State Court ruled that the vessel was not linked to 1 Malaysia Development Berhad (1MDB), the New Straits Times Online reported.
— Thai PBS

Two abattoirs permitted to export beef to Malaysia again, others remain locked out
Two Australian abattoirs have been allowed to recommence trade with Malaysia while others remain locked out, eight months after a temporary ban was put in place.

Najib criticises Tun Mahathir over remarks about The Loaf closure
Datuk Seri Najib Tun Razak has hit out at former Prime Minister Tun Dr Mahathir Mohamad for having made four U-turns in his statements and blaming the economy for the winding up of his bakery.
— The Edge Markets

UnionPay Leads the Way as the First Global Payment Network to Kickstart Nationwide Deployment of QR Code for Payments in Malaysia
UnionPay International, a global payment network, has kickstarted the nationwide deployment of the EMV-compliant QR Code for payments in Malaysia.
— AEC News Today/ PR Newswire (media release)

PIDM increased total funds and reserves to RM3.6 billion in 2017
Perbadanan Insurans Deposit Malaysia (PIDM) reported a total income of RM575.4 million with an operational net surplus of RM463.0 million, increasing its total funds and reserves to RM3.6 billion for the year ended Dec 31 2017.
— New Straits Times

Norway’s Kongsberg secures RM600m missile job from Malaysian navy
Norway’s Kongsberg Defence & Aerospace AS has secured a 124mil euros (RM597.23mil) from the Malaysian navy to deliver naval strike missile (NSM) to the latter’s six new littoral combat ships.
— The Star Online

MAA: New vehicles sales rose 23.3pct in March
New vehicles sales rose 23.3 per cent or 9,045 units month-on-month to 49,985 in March, said the Malaysian Automotive Association.
— New Straits Times

Procurement down 20.5% among Bumi vendors
The Ministry of International Trade and Industry (MITI) registered RM4.88 billion in procurement value under the Bumiputera Vendor Development Programme (BVPD) in 2017, which is a 20.5% decrease from the amount reported in the previous year.
— The Malaysian Reserve

Malaysia KL Property Market Transformation
Many Singaporeans have always viewed Malaysia with some apprehension. Some say it is more dangerous and not as safe. Well, in a larger country, it is always not as safe if you stray into the lesser lit areas, same as in Europe or elsewhere.
— The Independent

BAE Systems will set up MRO and vocational training centre in Malaysia
BAE Systems Inc, the wholly owned US subsidiary of the British defence, security, and aerospace company BAE Systems PLC, is planning to set up a maintenance, repair and overhaul (MRO) facility and a vocational training centre in Malaysia.
— New Straits Times

Tri-Mode expects positive revenue growth
Tri-Mode System (M) Bhd, enroute to be listed on the ACE Market on May 11, has set optimistic revenue expectation this year thanks to robust Malaysia’s export market.
— New Straits Times

Malaysia International Halal Showcase 2018 raked in sales of RM1.52b, says Matrade
The Malaysia International Halal Showcase (Mihas) 2018 recorded higher sales of RM1.52 billion compared with RM1.01 billion last year.
— Malay Mail


Feature photo Ah Wei (Lung Wei)


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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