The Malaysian Pulse
Beat of the Nation
Sun, 15 Sep 2019, 9:40 PM
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Topic: RM5 billion

Free Malaysia Today:
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With 1/3 of national budget for civil servants, pension review a hard reality, says veteran unionist
PETALING JAYA: A veteran union leader says the government’s current financial position means it has no choice but to axe the pension scheme, but warns Putrajaya to defer the plan pending a thorough ...
The Edge Markets:
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UOB sees RM5b-RM8b contingency funds allocation in Budget 2020
KUALA LUMPUR (Sept 12): UOB Malaysia expects the Government to set aside between RM5 billion and RM8 billion as contingency funds in the Budget for next year to cushion the Malaysian economy from any ...
EdgeProp.my:
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PR1MA receives a boost from Sabah homebuyers with unexpected take-ups in HOC
KUALA LUMPUR (Sept 12): The ailing 1Malaysia People’s Housing Programme (PR1MA) received a growth spurt from the extended Home Ownership Campaign (HOC) when it was held in Sabah.
theSun:
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Najib knew Jho Low long before I did, says accused’s ex-aide
KUALA LUMPUR: A witness told the High Court here today that Low Taek Jho, or Jho Low was already familiar with Datuk Seri Najib Abdul Razak and his family, long before he himself came to know the fugi...
The Borneo Post:
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211,354 new SSPN accounts in Sabah this year – CM
Ewon (standing, third right), Jenifer (standing, second right) and Wan Saiful (standing, second left) with some of the recipients of the SSPN-i savings yesterday.
The Edge Markets:
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MCMC: RM21.6 bil NFCP to be equally paid for by USP fund and telcos' capex
CYBERJAYA (Sept 5): The Malaysian Communications and Multimedia Commission (MCMC) said the RM21.6 billion estimated budget for the National Fiberisation and Connectivity Plan (NFCP) will be half funde...
Free Malaysia Today:
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Contractual system to replace permanent, pension schemes for public service
PUTRAJAYA: From next year onwards, new appointments in the public service will no longer be made under the permanent and pension schemes which will be replaced with an improved contractual scheme, say...
The Edge Markets:
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Improved contractual scheme to replace permanent, pension schemes in public...
PUTRAJAYA (Sept 4): Starting next year, new appointments in the public service may no longer be made under the permanent and pension schemes but will be replaced by an improved contractual scheme, sai...
Free Malaysia Today:
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Entrepreneur ministry hopes for higher Budget 2020 allocation
KUALA LUMPUR: The entrepreneur development ministry hopes to be given a higher allocation under Budget 2020, its deputy minister Hatta Ramli said today.
The Edge Markets:
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Hong Leong Bank targets 5-6% loan growth for FY20
KUALA LUMPUR (Aug 28): Hong Leong Bank Bhd (HLB), which recorded a loan growth of 6.6% in its financial year ended June 30, 2019 (FY19), is targeting a slightly lower loan growth of between 5% and 6% ...
EdgeProp.my:
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What MAHB now faces after the unprecedented systems outage at KLIA
KUALA LUMPUR (Aug 23): As the systems outage at Kuala Lumpur International Airport hits its two-day or 48th hour mark, there have been concerns about how the situation at the key Malaysian airport wil...
The Edge Markets:
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RAM assigns AA3 rating to Press Metal’s proposed sukuk
KUALA LUMPUR (Aug 23): RAM Rating Services Bhd (RAM Ratings) has assigned an AA3/Stable rating to Press Metal Aluminium Holdings Bhd’s proposed Islamic medium-term notes (IMTN) programme of up to RM...
The Edge Markets:
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What MAHB now faces after the unprecedented systems outage at KLIA
KUALA LUMPUR (Aug 23): As the systems outage at Kuala Lumpur International Airport hits its two-day or 48th hour mark, there have been concerns about how the situation at the key Malaysian airport wil...
EdgeProp.my:
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Prasarana set to achieve up to RM900 million revenue for FY19- group CEO
KUALA LUMPUR (Aug 20): Prasarana Malaysia Bhd is set to achieve up to RM900 million in revenue for the financial year ending Dec 31, 2019 (FY19). President and group chief executive officer, Datuk ...
Malay Mail:
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Bursa Malaysia ends mixed
KUALA LUMPUR, Aug 19 — Bursa Malaysia wrapped up the day mixed after a range-bound trading day, as investors awaited further market direction amid global uncertainty.
Free Malaysia Today:
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Urban youth not ready for IR 4.0, says research firm
SUBANG JAYA: Industry research firm International Data Corporation (IDC) said today that Malaysia’s future workforce is unprepared for Industrial Revolution 4.0 (IR 4.0), according to a study conduc...
The Edge Markets:
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Cagamas concludes 3-year RM400m sukuk issuance
KUALA LUMPUR (Aug 14): National mortgage corporation Cagamas Bhd (Cagamas) has announced the issuance of its three-year, RM400 million Islamic Medium Term Notes (IMTN). In a statement today, Cagamas s...
The Edge Markets:
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Press Metal falls 1.24% on proposing IMTN of RM5b to raise funds
KUALA LUMPUR (Aug 13): Shares in Southeast Asia’s largest aluminium smelter Press Metal Aluminium Holdings Bhd fell 1.24% this morning after the company proposed an Islamic medium term notes (IMTN) ...
The Edge Markets:
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Press Metal, GSB Group, TDM, Leong Hup, PRG Holdings, Lotte Chemical, TH...
KUALA LUMPUR (Aug 9): Based on corporate announcements and news flow today, stocks in focus on Tuesday (Aug 13) may include Press Metal Aluminium Holdings Bhd, GSB Group Bhd, TDM Bhd, Leong Hup Intern...
The Edge Markets:
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Press Metal raises RM5 billion; is it for a takeover bid?
KUALA LUMPUR (Aug 9): Southeast Asia’s largest aluminium smelter Press Metal Aluminium Holdings Bhd has proposed an Islamic medium term notes (IMTN) programme of up to RM5 billion to raise funds for...
Malay Mail:
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Illegal smokes, vape could cost Treasury RM6b annually, says tobacco maker
KUALA LUMPUR, Aug 6 — The government could potentially lose as much as RM6 billion in taxes from cigarettes and vaping products due to poor enforcement against smugglers, the Japan Tobacco Internati...
PaulTan.org:
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Mimco Alif – production version of electric SUV, Malaysia’s New National Car Project hopeful imagined
Click to enlarge Here’s one of the proposals for Malaysia’s New National Car Project (NNCP) – the Mimco Alif by Alam Perkasa Consortium (APC). Alif’s the model name and Mimco stands for the ...
The Edge Markets:
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Newsbreak: Impairments at Prasarana for FY2018 could exceed RM30 billion
PRASARANA Malaysia Bhd is understood to be looking at impairments in excess of RM30 billion in its accounts for the financial year 2018, sources familiar with the matter tell The Edge.
kopiandproperty.com:
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RM5 billion debts? 100 staffs have left currently.
I met a good friend who’s working in PR1MA recently.
Malay Mail:
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Malaysia’s first electric vehicle plant to be in Nilai’s Enstek, says Negri Sembilan exco
SEREMBAN, Aug 2 — Malaysia’s first electric vehicle manufacturing plant will be built on a 162-hectare site at the Enstek Industrial Park in Nilai, says a state executive councillor.
theSun:
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Customs says it needs drone for border control
BUKIT KAYU HITAM: The Kedah Royal Malaysian Customs Department needs more sophisticated and new types of equipment including the drone to monitor and control the borders in order to avoid any activiti...
The Edge Markets:
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Customs needs drones for border control
BUKIT KAYU HITAM (Aug 1): The Kedah Royal Malaysian Customs Department needs more sophisticated and new types of equipment including drones to monitor and control the borders in order to prevent any a...
Malay Mail:
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Customs needs drone for border control
BUKIT KAYU HITAM, Aug 1 — The Kedah Royal Malaysian Customs Department needs more sophisticated and new types of equipment including the drone to monitor and control the borders in order to avoid an...
The Edge Markets:
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Malaysian Quarantine Department stops entry of frozen pork, chicken wings...
JOHOR BAHRU (Aug 1): The Malaysian Quarantine Department (Maqis) stopped the import of several frozen food products without permits at the Tanjung Belungkor Ferry Terminal, near Kota Tinggi, three day...
Malaysiakini:
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IGP correct on 'clear and present' danger
LETTER | I refer to the ongoing conversation and disputes on the threat of drugs and fear that this abuse could turn Malaysia into another Colombia.
Malaysiakini:
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Ministry looking to establish Nuclear Medicine Dept in Sg Petani
The Health Ministry plans to establish a Nuclear Medicine Department at the Sungai Petani Cancer Specialist Centre in order to provide better services and treatments for patients in the northern regio...
The Edge Markets:
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Ministry plans to have Nuclear Medicine Dept in Sungai Petani Cancer Specialist...
PORT DICKSON (July 31) The Ministry of Health (MOH) plans to establish a Nuclear Medicine Department in the Sungai Petani Cancer Specialist Centre in Kedah, to provide better services and treatments f...
Malay Mail:
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Health Ministry plans to have Nuclear Medicine Dept at Sg Petani Cancer Specialist Centre
PORT DICKSON, July 31 — The Ministry of Health (MOH) plans to establish a Nuclear Medicine Department at the Sungai Petani Cancer Specialist Centre in Kedah, in order to provide better services and ...
PaulTan.org:
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Mimco Alif – sketches of Giugiaro-designed EV SUV
You may remember on Monday we ran the news that the Alam Perkasa Consortium (APC) was apparently one of the bidders for the New National Car Project (NNCP), with its planned carmaker, the Malaysian In...
PaulTan.org:
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Elenvi bids for new national car project to build EVs
On Monday, we brought you news of what was reportedly one of the bidders for the new national car project (NNCP), and now here’s another one.
The Edge Markets:
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Alam Perkasa lays out vision for third national car
IS there enough room in Malaysia for a third national car project?
PaulTan.org:
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Alam Perkasa’s new national car proposal – Mimco Alif EV SUV, Giugiaro design, 60k units/year, 80% exports
Italdesign Parcour, designed by Giorgetto Giugiaro The government is due to reveal its partner for its New National Car Project (NNCP), and we’ve just learnt the identity of one of the bidders.
Malay Mail:
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Local company to invest RM5b in electric vehicle project
KUALA LUMPUR, July 29 — Plan are afoot to set up an electric vehicle smart manufacturing plant on a 161.87-hectare site at the Enstek Industrial Park in Negeri Sembilan with an investment of RM5 bil...
theSun:
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Local company to invest RM5b in electric vehicle project
KUALA LUMPUR: Plans are afoot to set up an electric vehicle smart manufacturing plant on a 161.87 ha site at the Enstek Industrial Park in Negeri Sembilan with an investment of RM5 billion.
Malaysiakini:
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PM denies double standards on sex scandal and 7 things from yesterday
KINI ROUNDUP | Key headlines you may have missed yesterday, in brief. 1.
Free Malaysia Today:
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Smugglers take RM3 billion bite out of govt revenue
SUNGAI PETANI: The federal government has suffered losses of between RM3 billion to RM5 billion a year due to revenue leakages at the country’s entry points, said Chief Secretary to the Government D...
The Edge Markets:
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Govt loses RM3b-RM5b due to revenue leakages at entry borders
SUNGAI PETANI (July 28): The government has suffered losses of between RM3 billion to RM5 billion a year due to revenue leakages at the country's entry points, said Chief Secretary to the Government D...
theSun:
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Govt loses RM3-RM5b due to revenue leakages at entry borders
SUNGAI PETANI: The government has suffered losses of between RM3 billion to RM5 billion a year due to revenue leakages at the country’s entry points, according to Chief Secretary to the Government D...
Malaysiakini:
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Gov't loses RM3-RM5b due to revenue leakages at entry borders
The government has suffered losses of between RM3 billion to RM5 billion a year due to revenue leakages at the country's entry points, said Chief Secretary to the Government Ismail Bakar (above).
Malay Mail:
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Govt loses RM3-RM5b due to revenue leakages at entry borders
SUNGAI PETANI, July 28 — The government has suffered losses of between RM3 billion to RM5 billion a year due to revenue leakages at the country’s entry points, said Chief Secretary to the Governm...
Free Malaysia Today:
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How about RM5 bil grant to improve Sabah’s rural roads, PBS man asks Guan Eng
KOTA KINABALU: After Finance Minister Lim Guan Eng declared that Putrajaya was willing to consider any application by the Penang government for funding for the Penang Transport Master Plan, a Parti Be...
The Edge Markets:
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Affin Hwang upgrades MHB, raises target price to 83 sen
KUALA LUMPUR (July 24): Affin Hwang Capital Research has upgraded Malaysia Marine And Heavy Engineering Holdings Bhd (MHB) to "hold" with a higher target price of 83 sen (from 61 sen) following its co...
kopiandproperty.com:
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Taiping – Sitiawan – Teluk Intan – Banting. This is the West Coast Expressway. What stage now?
I like this expressway. West Coast Expressway (WCE). It will bring me back to places I love.
Malay Mail:
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PM says may impose cap on government guarantees
KUALA LUMPUR, July 23 ― Putrajaya will be looking into setting a ceiling for government guarantees on public projects, Tun Dr Mahathir Mohamad said today.
The Edge Markets:
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What is in Malaysia’s RM1.09 tril debt?
KUALA LUMPUR: The government’s debt and liabilities amounted to RM1.09 trillion as at end-2018.
Malay Mail:
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Almost RM1b of 1MDB-related funds retrieved by Putrajaya, PAC report shows
KUALA LUMPUR, July 17 — The federal government has managed to retrieve nearly RM1 billion in sovereign fund 1Malaysia Development Bhd (1MDB)-related funds including in interests and bank grants, as ...
The Borneo Post:
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Hike in gas price will lead to higher glove production cost — Association
KUALA LUMPUR: The sudden spike in gas price as announced by Gas Malaysia Bhd (GMB) will make the rubber gloves pricier going forward due to the substantial increase in production cost, said the Malays...
Free Malaysia Today:
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Glove makers complain of sudden rise in gas price
PETALING JAYA: The Malaysian Rubber Glove Manufacturers Association has lambasted natural gas producer Gas Malaysia Berhad for its sudden increase in gas price.
Malay Mail:
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Glove makers group slams Gas Malaysia over ‘sudden’ price increase
KUALA LUMPUR, July 14 — The Malaysian Rubber Glove Manufacturers Association (Margma) has taken a swipe at Gas Malaysia Bhd (GMB) for the sudden increase in natural gas price, saying Malaysia stands...
The Edge Markets:
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Margma slams sudden gas tariff hike, says it’s akin to no notice given
KUALA LUMPUR (July 14): The Malaysian Rubber Glove Manufacturers Association has slammed the sudden gas price hike announced by Gas Malaysia last Friday, saying the three-day notice given in the price...
Malay Mail:
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Association: Hike in gas price will lead to higher glove production cost in Malaysia
KUALA LUMPUR, July 14 — The sudden spike in gas price as announced by Gas Malaysia Bhd (GMB) will make the rubber gloves pricier going forward due to the substantial increase in production cost, sai...
Malay Mail:
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Minister: Perak’s total trade this year at RM5b despite issues with illegal squatters
IPOH, July 9 — International Trade and Industry Minister Datuk Darell Leiking said today that Perak has recorded a total trade of RM5 billion from January to April this year, despite issues of illeg...
The Edge Markets:
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RM5 billion capital spending won’t make KLIA a ‘space-age airport’
THE Kuala Lumpur International Airport (KLIA) in Sepang is unlikely to join its regional peers on the list of world’s top airports for passenger experience anytime soon.
The Star:
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PMB Investment targets RM2bil in AUM by year-end
KOTA BHARU: A wholly-owned Pelaburan Mara Bhd (PMB)’s subsidiary, PMB Investment Bhd is targeting to achieve RM2 billion in assets under management (AUM) by year-end.
StarProperty.my:
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What to do if your PTPTN loan is on your credit report
This article originally appeared on CTOS Knowledge Centre Fresh graduates leaving university have their whole lives ahead of them — from building their careers to achieving milestones such as buyin...
EdgeProp.my:
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George Kent 1Q earnings drop; firm targets RM5b order book
KUALA LUMPUR (June 26): George Kent (Malaysia) Bhd’s first-quarter (1Q) net profit fell 37% to RM13.51 million or 2.5 sen a share, from RM21.54 million or 3.8 sen a share a year earlier, due to a lo...
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TRC Synergy sees flat revenue growth in FY19 on fewer jobs
KUALA LUMPUR (Jun 25): Construction company TRC Synergy Bhd expects to post flat revenue growth in the current financial year ending Dec 31, 2019 (FY19) on fewer construction jobs.
The Edge Markets:
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George Kent 1Q earnings drop, targets RM5b order book
KUALA LUMPUR (June 25): George Kent (Malaysia) Bhd’s first quarter net profit fell 37% to RM13.51 million or 2.5 sen a share, from RM21.54 million or 3.8 sen a share a year earlier, due to lower pro...
The Star:
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TRC Synergy tenders for projects worth RM2bil this year
KUALA LUMPUR: Construction player TRC Synergy Bhd is actively bidding for RM2 billion worth of projects this year while striving to reduce reliance on the segment.
The Edge Markets:
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TRC Synergy sees flat revenue growth in FY19 on fewer jobs
KUALA LUMPUR (Jun 25): Construction company TRC Synergy Bhd expects to post flat revenue growth in the current financial year ending Dec 31, 2019 (FY19) on fewer construction jobs.
Free Malaysia Today:
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Lay off suckling pig feasts, says deputy minister
NIBONG TEBAL: With African Swine Flu spreading across Asia, Malaysian restaurant-goers have been urged to avoid suckling pig, a popular delicacy for special occasions and feasts, as the piglet is impo...
Malay Mail:
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Deputy minister warns pig farmers not to cover up African swine fever cases
SEBERANG PRAI, June 24 — The government today told pig farmers to report any African swine fever (ASF) outbreak instead of covering it up.
The Edge Markets:
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Can the Mammoth-Exsim JV finally complete Empire City Damansara?
THE ambitious RM5 billion Empire City Damansara (ECD1) project that was launched in 2011 by Mammoth Empire Holding Sdn Bhd (MEH) may finally see light at the end of the tunnel, if things go as planned...
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Sabah could be losing billions over petroleum products, says MA63 expert
KOTA KINABALU: Sabah’s adviser on the Malaysia Agreement 1963 (MA63) claims that the state could be losing up to RM5 billion a year due to a breach in the accord.
The Edge Markets:
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PMB Investment eyes RM5 bil in asset under management by 2022
KUALA LUMPUR (June 4): PMB Investment Bhd, a wholly-owned subsidiary of Pelaburan MARA Bhd, is optimistic it can increase its asset under management (AUM) to about RM5 billion under its Vision 2022 pl...
theSun:
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West Coast Expressway opening gives pleasant smooth journey
BAGAN DATUK: Those travelling back to their hometowns to celebrate Syawal were happy and satisfied with the smooth traffic flow, following the opening of the West Coast Expressway (WCE) between Hutan ...
theSun:
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Be grateful and enhance ties among people: Chow
GEORGE TOWN: Penang Chief Minister Chow Kon Yeow has reminded the people to be thankful for the harmony they are enjoying and to make efforts to strengthen ties and goodwill among the various races.
EdgeProp.my:
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Mammoth-Exsim JV to complete Empire City Damansara
Launched in 2011 by Mammoth Empire Holding Sdn Bhd (MEH), the RM5 billion Empire City Damansara (ECD1) may finally be completed in a joint venture (JV) with Exsim Group.
Malay Mail:
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Marine police busted nearly 2,000 smuggling cases worth RM72.5m so far this year
JOHOR BARU, May 28 — The marine police have busted the smuggling of contrabands such as cigarettes, alcohol and also firecrackers involving 1,992 cases from January to April this year.
Malay Mail:
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Axiata denies selling Malaysian interests to Telenor in merger move
KUALA LUMPUR, May 28 ― Telecommunications firm Axiata Group Bhd dismissed claims that its merger with Norway-based Telenor ASA's Asian operations is akin to selling Malaysian interest to a foreign c...
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Axiata dismisses claims of selling Malaysian interests to Norwegians in planned...
KUALA LUMPUR (May 28): Axiata Group Bhd says the proposed merging of its business with Norway-based Telenor ASA's Asian operations is "a merger of equals" and not about one company taking over the oth...
Malaysiakini:
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Phase 2 of Bantuan Sara Hidup payout begins next Tues
Phase two of the government’s cash aid programme Bantuan Sara Hidup (BSH) will be distributed beginning next Tuesday (May 28).
Digital News Asia:
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Rakuten Trade activates more than 32,500 accounts in 2 years
RAKUTEN Trade Sdn Bhd is positive about ongoing growth prospects for the company as it enters its third year with almost RM5 billion generated in trading value and more than 32,500 accounts to-date si...
Malay Mail:
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SP Setia to launch RM6.47b projects from Q2 onwards
SHAH ALAM, May 16 — SP Setia Bhd has targeted to launch projects with a gross development value (GDV) of RM6.47 billion in the second quarter (Q2) of this year onwards, said president/chief executiv...
The Straits Times:
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Ousted BN govt's land swop deals draw scrutiny
Malaysia's Defence Ministry (Mindef) lost RM500 million (S$164 million) in land swop deals carried out when the Barisan Nasional (BN) coalition was in power, as 16 plots totalling 1,183 ha - more than...
Digital News Asia:
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Universal Robots eyes Industry4WRD potential
UNIVERSAL Robots (UR), Denmark-based collaborative robots (cobots) market leader has identified Malaysia as a key growth market in line with the country’s increased focus on automation and robotics,...
Malay Mail:
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Finance Minister denies govt neglecting development in Sarawak, says RM41b allocated
KUALA LUMPUR, May 4 — Finance Minister Lim Guan Eng today refuted claims that the Pakatan Harapan (PH) government had neglected the infrastructure development of Sarawak.
Malay Mail:
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Ekuinas says ready to acquire GLCs
KUALA LUMPUR, May 3 — Ekuiti Nasional Bhd (Ekuinas) says it is ready to acquire stakes in subsidiaries of government-linked companies (GLCs) that it has identified.
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RM5 billion resort city to be developed in Lokawi
KOTA KINABALU (May 3): A resort city, costing RM5 billion, will be developed in Lokawi here, said Sabah Chief Minister Datuk Seri Mohd Shafie Apdal.
The Edge Markets:
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RM5 billion resort city to be developed in Lokawi
KOTA KINABALU (May 2): A resort city, costing RM5 billion, will be developed in Lokawi here, said Sabah Chief Minister Datuk Seri Mohd Shafie Afdal.
Free Malaysia Today:
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Sabah to get RM5 bil resort city in Lok Kawi
KOTA KINABALU: A resort city, costing RM5 billion, will be developed in Lok Kawi near here, said Sabah Chief Minister Shafie Apdal.
The Edge Markets:
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Bank Islam offers zakat payment service for savings, investment accounts
KUALA LUMPUR (May 2): Bank Islam Malaysia Bhd (BIMB) has become the first bank in the country to offer zakat (tithe) payment service for its savings and investment account holders.
theSun:
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Educational enforcement period on smoking ban extended with focus on rural areas
IPOH: The educational enforcement period on the smoking ban at eateries has been extended until the end of the year to enhance public awareness and knowledge on the matter, said Deputy Health Minister...
EdgeProp.my:
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Gadang casts eye on ECRL jobs
KUALA LUMPUR: Gadang Holdings Bhd could be back in action soon.
The Edge Markets:
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Gadang casts eye on ECRL jobs
KUALA LUMPUR: Gadang Holdings Bhd could be back in action soon.
Free Malaysia Today:
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Penang factories aren’t leaving, viral photo is fake
GEORGE TOWN: A picture circulating on social media claiming many high-value factories are leaving Penang is fake, says the state’s investor relations agency.
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