SAR
This is still Google translated so careful...
1400 local: Singapore's C130 is said to have sighted "a suspected lifeboat-like object" at N081605 E1025111, 140 km SW of Tho Chu island.
"Physical comfort is detected lifeboat gray striped red and blue (the color logo of Malaysia). "
[The report appears to suggest the object is emergency chute size. But I have never heard chutes are be painted in airline livery colors....]
Surface vessels on their way to investigate.