Headlines:

  1. PM Mahathir expresses Malaysia’s support for China’s Belt and Road initiative
  2. Proton cars assembled in Pakistan to hit the roads in 2020
  3. Deal will see more Chinese investments along ECRL
  4. Resorts World Genting to host Batman´s 80th Anniversary
  5. Indonesia to launch Sharia Economy Masterplan in May

PM Mahathir expresses Malaysia’s support for China’s Belt and Road initiative
Malaysia has expressed full support for China’s Belt and Road development strategy, with Prime Minister Tun Dr Mahathir Mohamad saying the country stands to benefit from the massive infrastructure projects. Speaking during the high-level meeting of the Belt and Road Forum for International Cooperation in Beijing, he said the Belt and Road initiative is a great idea. Dr Mahathir, in currently on a five-day working visit to China. Chinese President Xi Jinping, who mooted the idea of the Belt and Road initiative, opened the forum that was attended by 37 world leaders and 5,000 representatives from more than 150 countries across the globe. Xi proposed his signature infrastructure policy six years ago to revive the ancient Silk Road trade routes linking Asia and other parts of the world through rail, airports, pipelines and other means. Dr Mahathir, described the meeting as “the most important forum”, and called for the passageways along the Belt and Road routes to be safeguarded and to be open and free for all.

Proton cars assembled in Pakistan to hit the roads in 2020
Proton cars assembled at its Pakistan assembly plant in Karachi are expected to hit the roads in 2020. Today, Proton Holdings Berhad and its Pakistani partner Al-Haj Automotive exchanged documents for Licensing and Technical Agreement for the Proton Assembly Project in Beijing witnessed by Malaysian Prime Minister, Tun Dr Mahathir Mohamad and Transport Minister Anthony Loke. Loke said Malaysia would continue in efforts to export more cars, adding that Pakistan would be a good market to start with. The plant in Karachi will be Proton’s first factory in the South Asian region.

Deal will see more Chinese investments along ECRL
Malaysia can expect more investments from China, especially in the corridors along the East Coast Rail Line (ECRL) following the agreement inked between the Malaysian Investment Development Authority (MIDA) and China Communication Construction Company Ltd (CCCC). Speaking to the Malaysian media in Beijing, Transport Minister Anthony Loke said the agreement stipulates the development of corridors along the ECRL. “The agreement on the ECRL is already finalised. Yesterday’s agreement was about the development in the corridors along the ECRL,” he said. Loke said Malaysia wanted to maximise its development following the implementation of the RM44 billion ECRL project. The agreement between MIDA and CCCC inked yesterday followed the conclusion of the bilateral meeting between Malaysia and China in Beijing.

Resorts World Genting to host Batman’s 80th Anniversary
Resorts World Genting’s SkySymphony Mall will hold Batman’s 80th anniversary – the first one in South East Asia – for two-month beginning May 10. The celebration includes a must-see world’s first Batman SkySymphony show that stimulates audio and visual senses as 1,001 winch balls transform into various versions of the Bat-Emblem. Simultaneously, the massive 360-degree LED screens will feature graphics from different eras throughout the 80 years of the Dark Knight’s history. Fans can also snap photos with the life-size statue of Batman, 1:1 replica of Statues of the Batmobile from the 1989 Tim Burton-directed film and the Batmobile from Batman v Superman: Dawn of Justice. The resort, in a statement, said children can also join in the fun with a mini Batmobile racing track. There will be a fan-created Wayang Kulit art (a traditional form of puppet-shadow play), featuring Wayang Kulit-stylised Batman art.

Indonesia to launch Sharia Economy Masterplan in May
The government plans to launch the 2019-2024 Sharia Economy Masterplan on May 14, as a road map for the development of the sharia economy to support national economic development in the country. The masterplan draft highlights four main strategic recommendations to develop the sharia economy in the country – strengthening halal products, sharia finance and micro, small and medium enterprises (MSMEs), as well as optimizing the digital economy. The draft stresses the importance of optimizing the use of the digital economy in the form of e-commerce, marketplaces and financial technology. The Sharia Economy Masterplan is an improvement of the existing Indonesia Sharia Finace Architectre Masterplan (MAKSI).