Malaysia Morning News For May 16

Malaysia Morning News For May 16

Malaysia morning newsMalaysia is business friendly and welcomes FDI — Dr Mahathir
Prime Minister Tun Dr Mahathir Mohamad said Malaysia is business friendly and welcomes foreign direct investments (FDI) from all over the world, including China.
— The Edge Markets

A Stunning, Sudden Fall for Najib Razak, Malaysia’s ‘Man of Steal’
Just a few months ago, the political machine led by Najib Razak, the gilded prime minister of Malaysia, appeared so indestructible that a multibillion-dollar corruption scandal seemed unlikely to derail it.
— New York Times

Najib’s demise could be UMNO’s gain in Malaysia
For years, political analysts spoke of Khairy Jamaluddin as a future prime minister of Malaysia. That possibility now appears much closer, and much more distant, after the United Malays National Organization (Umno) lost in resounding fashion at historic elections last week.
— Asia Times

Malaysia Sidelines Officials Accused of Ignoring Graft
Malaysian officials accused of covering up a large corruption scandal stepped down or were placed on leave Monday as Malaysia’s leadership continued to be upended by the defeat of the governing coalition last week.
— New York Times

Inclusive policy conducive to Malaysia’s development
Days have passed since Mahathir Mohamad was sworn in as Malaysia’s new prime minister, yet the proposal he made to review Chinese investment deals is still flourishing on the homepages of many Western mainstream media.
— Global Times

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Will Mahathir Reset China-Malaysia Trade Relations?
A shock electoral upset has just returned 92-year-old Dr Mahathir Mohamad to the prime ministerial chair in Malaysia.
— Modern Diplomacy

MGA strengthens leadership amidst promising industry outlook
The Malaysian Gas Association (MGA) has announced a new line-up of council members and outlined increased gas advocacy efforts in 2018.
— New Straits Times

Why Tony Fernandes’ election misfire is a sign politics and PR never mix
Removing a figurative foot out of your mouth in the public’s eye in a difficult task – particularly if that foot is about the size of an AirAsia aeroplane.
— Mumbrella Asia

Malaysia’s ringgit closes lower against US dollar
The ringgit closed lower on Tuesday (May 15) against the US dollar as the greenback strengthened across emerging markets in Asia, said a dealer.
— Channel NewsAsia

Poll: Slower growth for Malaysian economy in Q1
Malaysia’s economic growth slowed in the first quarter of 2018 as export growth lost momentum, a Reuters poll showed, and the outlook for the rest of the year was clouded by uncertainty over the new government’s policies following a shock election result.
— The Sun Daily

No need for capital controls unless there is ‘fiddling’, says Dr Mahathir
Malaysia may consider imposing capital controls again if there are signs of currency manipulation, says Prime Minister Tun Dr Mahathir Mohamad.
— The Edge Markets

Malaysian regulator denies pressuring AirAsia to cancel flights
MALAYSIA’S aviation regulator on Tuesday denied having ordered AirAsia to cancel extra flights meant to help voters return home for a recent general election and filed a police complaint against the carrier’s chief executive Tony Fernandes.
— Business Times

Malaysia leads in advocating convergence of Islamic, green financing
Malaysia is leading efforts for convergence of Islamic and green financing following the country’s issuance of the world’s first green sukuk in July 2017.
— The Borneo Post

No plans as yet to hold by-election for Anwar to join Cabinet – Wan Azizah
PKR president Datuk Seri Dr Wan Azizah Wan Ismail said the Pakatan Harapan (PH) government has no plans as yet to hold a by-election to make way for the party’s de facto leader Datuk Seri Anwar Ibrahim to join the Cabinet line up.
— The Edge Markets

Zeti to announce Malaysia’s GST strategy in 100 days
ZETI Akhthar Aziz, a senior adviser to the Malaysian government, said on Tuesday that a strategy for removal of the goods and services tax (GST) would be announced within one hundred days, but assured investors that fiscal balance can be maintained.
— Business Times

Petron earmarks P15-B capex for PH, Malaysia expansions
Leading oil firm Petron Corporation will earmark P15 billion worth of capital expenditures (capex) this year for investment expansions domestically as well as on its Malaysian operations.
— Manila Bulletin

Malaysia to see more fund inflows: Aberdeen Asset CEO
The steps taken by the new Pakatan Harapan government to remove political uncertainty, including the setting up of the Council of Eminent Persons, will see more fund flowing into the country.
— The Sun Daily

Shares in MAHB rise as analysts positive post-GE14
Shares in Malaysia Airport Holdings Bhd (MAHB) rose yesterday as analysts maintained their positive stance on the airport handler following the 14th General Election (GE14).
— The Borneo Post

Ekuinas to look at all options to strengthen Icon Offshore
Ekuiti Nasional Bhd (Ekuinas), which is looking at strengthening the balance sheet of its 42.3%-owned loss-making Icon Offshore Bhd, is not dependent on listing companies via initial public offerings (IPO) as an exit strategy, preferring a clean exit to realise its investments.
— The Sun Daily

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Hartalega posted strong earnings, on track for more production lines
Posting strong earnings for the fourth quarter (Q4) ended March 31, 2018, Hartalega Holdings Bhd’ strategic plans continue to bear fruit, enabling it to deliver a strong performance.
— New Straits Times

Malaysian is US’ best-paid CEO
Malaysia’s Tan Hock Eng is the highest-earning chief executive officer (CEO) in the United States, toppling other big names such as Apple’s Tim Cook, Google’s Sundar Pichai and Facebook’s Marck Zuckerberg.
— New Straits Times

Allianz Malaysia engages Dimension Data to improve customer experience
DIMENSION Data, a global technology integrator and managed services provider, on May 15 announced its appointment as Key Business Solutions Partner to Allianz Malaysia (Allianz).
— Digital News Asia

Malaysian Education Blueprint to be continued
The Malaysian Education Blueprint 2013-2025 will continue with some modifications based on the national and international requirements, said Education secretary-general Datuk Seri Alias Ahmad.
— New Straits Times

 

Feature photo Mohd Fazlin Mohd Effendy Ooi

 

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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