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Malaysia to decide fate of Malaysia Airlines ‘soon’, PM says

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Airline

The government was studying options for the national carrier, and a decision should be made “soon”, Mahathir said, when asked about analysts’ suggestions the airline be shut down or spun off.

“It is a very serious matter to shut down the airline,” Mahathir told a news conference at parliament.

“We will nevertheless be studying and investigating as to whether we should shut it down or we should sell it off or we should refinance it. All these things are open for the government to decide.”

The airline has been trying to transform its operations and return to profitability by 2019 as it recovers from two disasters in 2014, when flight MH370 disappeared in what remains a mystery and flight MH17 was shot down over eastern Ukraine.

Sovereign wealth fund Khazanah Bhd, which took MAB private in 2014, said the government needed to decide on its investment in, and level of support for, the struggling airline.

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Malaysia reports highest daily jump of 277 new COVID-19 cases, mostly from detention center

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Malaysia reported 277 new COVID-19 cases, the highest daily number to date, pushing the national total to 8,247 cases, the health ministry said on Thursday.

Health ministry Director-General Noor Hisham Abdullah said at a press briefing that 270 of the new cases are foreign nationals detained at an immigration detention center on the outskirts of Kuala Lumpur.

The facility was the first such detention depot where cluster infections were found among foreign detainees, before similar clusters were detected in several other facilities.

Noor Hisham said the detainees might be infected due to the confined space in the facility but they were tested negative in the previous screening.

He emphasized that new local transmissions involving Malaysians were only single digit as only four cases reported on Thursday were local transmission involving Malaysian citizens.

Meanwhile, another 28 cases have been released bringing the total cured and discharged to 6,559 cases or 79.5 percent of all cases.

Of the remaining 1,573 active cases, six are currently being held in intensive care and two of those are in need of assisted breathing. No new deaths have been reported, leaving the total deaths at 115.

(XINHUA)

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Economy

Malaysia’s Petronas enters Myanmar gas market

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Malaysia’s state-owned oil firm Petronas has entered Myanmar gas market with first liquefied natural gas (LNG) delivery, the company said on Thursday.

Petronas said in a statement that through its subsidiary, Petronas LNG (PLL), completed its maiden delivery of LNG to Yangon.

Two LNG cargoes were delivered to Yangon in May and June, and the delivery is part of a master sale and purchase agreement between PLL and CNTIC VPower that was signed in early 2020.

As part of the agreement, the LNG cargoes were sold on Free-On-Board basis, amounting to a total LNG volume of 190,000 cubic meters.

PLL’s Chief Executive Officer, Abdul Aziz Othman, said the delivery to CNTIC VPower marked a new era in the growth of LNG demand in the Southeast Asian region.

With Myanmar as the latest nation to adopt LNG as a form of cleaner energy, Petronas looks forward to being a long-term partner and supplier, leveraging on our world-class reliability as well as innovative and customer-centric solutions,’’ he added.

In addition to the first two LNG cargoes, Petronas is also working with CNTIC VPower for further deliveries that will strengthen the relationship between both companies, which will facilitate the growth of their foothold in Myanmar’s fast-growing gas industry.

AIB

Edited By: Abdulfatah Babatunde (NAN)

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Malaysia’s Petronas enters Myanmar gas market

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Malaysia’s state-owned oil firm Petronas has entered Myanmar gas market with first liquefied natural gas (LNG) delivery, the company said Thursday.

Petronas said in a statement that through its subsidiary, Petronas LNG (PLL) completed its maiden delivery of LNG to Yangon.

Two LNG cargoes were delivered to Yangon in May and June, and the delivery is part of a master sale and purchase agreement between PLL and CNTIC VPower that was signed in early 2020.

As part of the agreement, the LNG cargoes were sold on Free-On-Board basis, amounting to a total LNG volume of 190,000 cubic meters.

PLL‘s chief executive officer Abdul Aziz Othman said the delivery to CNTIC VPower marked a new era in the growth of LNG demand in Southeast Asian region.

With Myanmar as the latest nation to adopt LNG as a form of cleaner energy, Petronas looks forward to being a long-term partner and supplier, leveraging on our world-class reliability, as well as innovative and customer-centric solutions,” he added.

In addition to the first two LNG cargoes, Petronas is also working with CNTIC VPower for further deliveries that will strengthen the relationship between both companies, which will facilitate the growth of their foothold in Myanmar’s fast-growing gas industry.

(XINHUA)

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Malaysia’s April exports fall 23.8 pct amid COVID-19

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Malaysia’s exports plunge 23.8 percent year-on-year to 64.92 billion ringgit (about 15.17 billion United States dollars) in April amid COVID-19 pandemic, official data showed Thursday.

Malaysia’s Ministry of International Trade and Industry (MITI) said in a statement, Malaysia’s trade fell 16.4 percent year-on-year to 133.34 billion ringgit in April due to COVID-19 pandemic which caused major disruptions to global supply chain.

The country’s imports also decreased by 8 percent to 68.42 billion ringgit, and a trade deficit of 3.5 billion ringgit was recorded in April.

International Trade and Industry Minister Mohamed Azmin Ali said the declines in both exports and imports are expected given that most countries around the world were under some form of lockdown to contain the spread of COVID-19.

“This has caused major disruptions to the manufacturing activities and movement of goods globally. Nevertheless, exports of some products such as iron and steel, rubber gloves and refined palm oil recorded increases,” he added.

He expected Malaysian‘s exports to improve in the coming months as the government allowed more industries to resume operations and at full operating capacity since May 4.

“Similarly, companies in other countries are also ramping up their business operations. This will boost trade activities between Malaysia and other countries,” he added.

For the first four months, Malaysia’s trade dropped by 3.5 percent to 573.75 billion ringgit compared to the corresponding period of 2019.

Meanwhile, Malaysia exports to China increased by 0.2 percent for the first four months. The export to the China in April rebounded by 4.2 percent to 12.07 billion ringgit on higher shipments for iron and steel products, electrical and electronic products and crude petroleum.

The Socio-Economic Research Center‘s executive director Lee Heng Guie told Xinhua that the larger than expected contraction in exports indicate the impact of restrictions measures employed by governments worldwide to combat COVID-19, which had disrupted demand and supply chains.

“The sharp export declines will be a big drag on overall gross domestic product for this year. We estimate exports to contract by 11.2 percent in 2020,” he said.

(XINHUA)

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Malaysia’s Defense Ministry holds ceremony to receive Chinese medical donations to fight COVID-19

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Malaysia’s Ministry of Defense on Wednesday held a handover ceremony to receive medical supplies donated by China’s Ministry of National Defense.

Malaysian Defense Minister Ismail Sabri Yaakob received the donations from Chinese Ambassador to Malaysia Bai Tian at the ceremony, the ministry said in a statement, adding that the medical equipment will aid its frontliners in their fight against the COVID-19 outbreak.

The aid includes surgical masks, gloves, personal protection equipment (PPE), among others, and had arrived in Malaysia in May, according to the statement.

Malaysia’s Ministry of Defense expressed appreciation to China for the medical supplies and its continuous support to join Malaysia’s efforts in fight against COVID-19, it added.

(XINHUA)

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Malaysia records 10 days without new COVID-19 deaths

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Malaysia has gone into 10 days without any new COVID-19 deaths, the Health Ministry said on Monday, leaving the total deaths so far at 115.

Health Ministry Director-General Noor Hisham Abdullah said Malaysia reported 38 new COVID-19 cases, bringing the total number of cases in the country to 7,857.

Imported cases made up the majority with 26 reported, while among local transmissions, six are locals and six more foreign nationals.

“The majority of the country’s new COVID-19 cases recently were contributed by imported cases and local transmission among foreign nationals involving foreign workers and several clusters identified in immigration detention facilities,’’ Noor Hisham said.

Hisham added that local transmission involving Malaysian citizens has been in decline.

“The authorities are working to control further transmission among foreign workers while providing those tested positive with best treatment,’’ he added.

Another 51 recoveries recorded recently, bringing the total cured and discharged to 6,404.

Of the remaining 1,338 cases, eight are currently being held in intensive care and two of those are in need of assisted breathing.


Edited By: Abiodun Oluleye/Ali Baba-Inuwa (NAN)

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Malaysia records 10 days without new COVID-19 deaths

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Malaysia has gone into 10 days without any new COVID-19 deaths, the Health Ministry said on Monday, leaving the total deaths so far at 115.

Health Ministry Director-General Noor Hisham Abdullah said Malaysia reported 38 new COVID-19 cases on Monday, bringing the total number of cases in the country to 7,857.

Imported cases made up the majority with 26 reported, while among local transmissions, six are locals and six more foreign nationals.

The majority of the country’s new COVID-19 cases recently were contributed by imported cases and local transmission among foreign nationals involving foreign workers and several clusters identified in immigration detention facilities, said Noor Hisham, adding that local transmission involving Malaysian citizens has been in decline.

The authorities are working to control further transmission among foreign workers while providing those tested positive with best treatment, he added.

Another 51 recoveries were recorded on Monday, bringing the total cured and discharged to 6,404. Of the remaining 1,338 cases, eight are currently being held in intensive care and two of those are in need of assisted breathing.

(XINHUA)

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Malaysia reports 57 new COVID-19 cases, 7,819 in total

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Malaysia reported 57 new COVID-19 cases on Sunday, pushing the national total to 7,819, the Health Ministry said.

Health Ministry Director-General Noor Hisham Abdullah said at a press briefing that 10 of the new cases are imported, with 47 more being local transmissions of which 43 are foreign nationals from a cluster at an immigration detention facility and three new clusters in the central Pahang state.

Another 23 cases had been released bringing the total cured and discharged to 6,353 or 81.3 percent of all cases.

Of the remaining 1,351 active cases, nine are currently being held in intensive care and two of those are in need of assisted breathing. No new deaths had been reported, leaving the total deaths at 115.

(XINHUA)

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Malaysia reports 30 new COVID-19 cases, total at 7,762

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Malaysia reported 30 new COVID-19 cases on Saturday, pushing the national total to 7,762, the Health Ministry said.

Health Ministry Director-General Noor Hisham Abdullah said at a press briefing that three of the new cases are imported, while 27 being local transmissions of which 17 are foreign nationals and 10 are locals.

Another 95 cases had been released from hospitals, bringing the total cured and discharged to 6,330, or 81.6 percent of all cases.

Of those receiving treatment, nine are currently being held in intensive care and two of those are in need of assisted breathing.

No new deaths had been reported, leaving the total deaths at 115.

(XINHUA)

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