Malaysia morning news for April 9

Malaysia morning news for April 9
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Malaysia morning newsMalaysia’s economy to experience moderate growth in 2019
The Malaysian economy is expected to experience moderate growth in 2019 due to challenging external factors, said Economic Affairs Deputy Minister Dr Mohd Radzi Md Jidin.
— The Star Online

Malaysian govt welcomes tech firm’s commitment to IR 4.0
A recent report noted that a Fortune 100 global technology and software-industrial company, has reaffirmed its strong commitment and continued contribution towards the growth and development of Malaysia’s Industry 4.0 agenda.
— OpenGovAsia

Malaysia says 200 Rohingya migrants still at sea after latest arrival
Malaysian authorities on Monday were on the lookout for boats believed to be carrying up to 200 Rohingya after dozens of migrants were found near a beach in the country’s north.
— Reuters

AmBank aspires to be preferred bank of SMEs
AmBank (M) Bhd aspires to become the small and medium enterprises’ (SMEs) bank of choice for the business sector, adding that the bank had reconfigured its business to better serve SMEs for the last three years.
— New Straits Times

Singapore, Malaysia suspend overlapping port limit claims
Singapore and Malaysia have both suspended their overlapping port limit claims, as part of measures to ease tensions between the two neighbours in a maritime dispute.
— Channel NewsAsia

Moody’s: Additional capital rule for important banks credit positive
Bank Negara Malaysia’s proposed additional capital requirement for domestic systemically important banks (D-SIBs) is credit positive, Moody’s Investors Service says.
— The Star Online

Malaysia maintains pole position in global Islamic capital market
Malaysia maintained its position as global leader in the Islamic capital market valued at RM1.88 trillion at the end of 2018, which constitutes 61% of the local capital market.

Artificial Intelligence to nearly double the rate of innovation in Malaysia
By 2021, Artificial Intelligence (AI) will allow the rate of innovation to almost double (1.8-fold) and increase employee productivity improvements by 60 per cent in Malaysia, according to the country’s business leaders.
— The Borneo Post

Fears of a recession after fall in exports and imports
An economist believes falling Malaysian trade figures are an indication of a looming global recession, and says the federal government should begin making preparations to meet the challenge.

Malaysia’s rural students get STEM education
According to a recent press release, the “Adopt a Kampung” is a program organised by Universiti Teknologi Malaysia (UTM). In particular, the Razak team which works to facilitate learning for students from various schools in Malaysia.
— OpenGovAsia

Second group of Rohingya Muslims found on Malaysian beach: Police
Thirty-seven people believed to be Rohingya Muslims from Myanmar were found on a beach in northern Malaysia on Monday (Apr 8), police said, the latest arrivals in what authorities fear could be a new wave of people smuggling by sea.
— Channel NewsAsia

No deposit paid for sale of the Malaysian Consulate building in Hong Kong
There has been no deposit paid on the sale of the Malaysian Consulate building in Hong Kong.
— The Star Online

Second group of Rohingya found on Malaysian beach, say police
Thirty-seven people believed to be Rohingya from Myanmar were found on a beach in northern Malaysia on Monday (April 8), police said, the latest arrivals in what authorities fear could be a new wave of people smuggling by sea.
— The Star Online

Malaysia’s EPF signs on to U.N.-backed Principles for Responsible Investment
Malaysia’s Employees Provident Fund has signed the United Nations-supported Principles for Responsible Investment, the 833.8 billion ringgit ($203.3 billion) national pension heavyweight announced Monday.
— Pionline

Can Malaysia’s MDEC help the economy prepare for the future of work?
AUTOMATION is changing the economy as we know in Southeast Asia and around the world, and governments need to ensure that businesses have access to the right talent to support that change.
— Tech Wire Asia

Lynas mulls processing in Australia as Malaysia ups pressure
BENGALURU: Australian rare-earths miner Lynas Corp said on Monday that it was considering initial ore processing close to its Australian mine, as Malaysia stepped up pressure on the company in the midst of a takeover struggle.
— The Star Online

11 killed after factory bus plunges into drain in Malaysia near KLIA
A bus carrying workers plunged into a drain near the MASKargo area in Sepang on Sunday (Apr 7) night, killing eleven people on board.
— Channel NewsAsia

Johor MB still safe for now
The position of Johor Mentri Besar Datuk Osman Sapian looks safe for now after speculation swirled that he may have to step down.
— Asia One

Malaysia, Indonesia send protest letter to EU on palm oil
Indonesian President Joko Widodo and Malaysian Prime Minister Dr Mahathir Mohamad have signed a joint letter of objection to the European Union over its plan to phase out the use of palm oil in renewable fuel, an Indonesian official said.
— Malaysiakini

No one is exempt from the law, says Anwar
PKR president Datuk Seri Anwar Ibrahim (pic) says no one is exempt from police investigations if they are in the wrong, even if the wrongdoers came from within Pakatan Harapan.
— Asia One

NGOs march to Parliament demanding immediate set-up of IPCMC
A second group of demonstrators held court outside Parliament today demanding the government move to establish the long-awaited Independent Police Complaints and Misconduct Commission (IPCMC) without further delay.
— Malay Mail

Better exports for 2019 expected for Lafarge Malaysia
Lafarge foresees subdued domestic cement demand to continue in 2019. The recovery in the property market will take longer as the oversupply overhang and affordability issue continues to plague the industry.
— The Edge Markets

Higher foreign take-up rate expected for Sunway Onsen Suites project
Sunway Onsen Suites, Sunway Group’s centrally located serviced apartment development in the township of Ipoh, is expecting higher foreign take-up rate from property investors from China, Thailand and Singapore.
— New Straits Times

ECRL deal with China to include palm oil buy
The current re-negotiations on the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil to RM60mil per km as well as a commitment by the Chinese government to buy Malaysian palm oil and bring in projects, according to sources.
— The Star Online

MoneyMatch gets nod for digital remittance services
MoneyMatch has received an approval in principle for a Class B remittance licence from Bank Negara Malaysia to carry out digital remittance services for businesses and individuals.
— The Star Online

Arshad new president of Bank Pembangunan
Arshad Mohamed Ismail has been appointed as president/group chief executive officer of Bank Pembangunan Malaysia Bhd (BPMB) with effect from Monday.
— The Star Online

Eversendai bags Middle East projects worth RM196m
Eversendai Corp Bhd’s subsidiaries Eversendai Engineering Qatar W.L.L and Eversendai Engineering L.L.C, Dubai have clinched three projects in Qatar and Abu Dhabi with a total value of RM196 million.
— The Sun Daily

Identify new markets, palm oil exporters urged
PublicInvest Research suggested Malaysia identify new potential developing markets such as the African region to minimise impact from Europe’s proposal to exclude palm oil from the European Union (EU) green fuel targets.
— The Sun Daily

PropertyGuru’s latest fintech to aid home buyers
PropertyGuru is moving forward its commitment to address loan rejection and home ownership issues in the country under its ongoing ‘Own Your Home Programme’ with the launch of ‘PropertyGuru Home Loan Pre-Approval’ fintech.
— The Borneo Post


Feature photo BenarNews


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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