Malaysia Morning News For July 18

Malaysia Morning News For July 18

Malaysia morning newsMalaysia’s commodity-based exports value rises
The value of Malaysia’s commodity-based exports rose 27.1% to RM59.1bil for the January to May 2017 period, surpassing the RM46.5bil achieved for the same period last year.
Hellenic Shipping News 

Malaysia chalks up M&A deals worth US$11.7bil
A total of 233 merger and acquisition (M&A) transactions took place up to June 2017 with a total announced deal value of US$11.7bil, where inbound deals accounted for about 70% of the total deal value, according to Duff & Phelps, a global valuation and corporate finance adviser.
The Star Online 

Malaysia, Indonesia, Thailand mull cutting rubber output to stabilise prices
Malaysia, Thailand and Indonesia are considering cutting rubber output from 10% to 15% in order to curb falling prices, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.
The Star Online 

US, Malaysia to set up bilateral trade talk shops
The United States and Malaysia will establish working groups to address trade matters such as labor, intellectual property and the environment, US officials announced Monday.
The Borneo Post 

Ibraco lands Mukah airport deal worth RM302.6m
A plan to give Mukah, Sarawak, a proper airport has been set into motion, some eight years after it was first mooted.
The Sun Daily 

Altech Chemicals hands over Malaysian project to new contractor
Altech Chemicals Ltd (ASX:ATC) has successfully transitioned the engineering, procurement and construction (EPC) contract for its Malaysian high purity alumina (HPA) plant to SMS group GmbH.
Proactive Investors 

Malaysia Sees Signs of Recovery
One of Asia’s biggest underperformers finally appears to be on the road to recovery. After almost three years of heightened political unrest, low commodity prices and a slump in investor and consumer confidence, it appears that investors are now returning to Malaysian financial markets. In addition, there now also seems to be a renewed sense of optimism surrounding the country’s growth outlook.
Financial Tribune 

Malaysian e-Learning Council for Public Universities, OpenLearning to host Social Learning Conference
THE Malaysian e-Learning Council for Public Universities (MEIPTA) and OpenLearning announced their first Social Learning Conference, aimed at exploring a move beyond traditional instructivist education towards constructivist teaching and learning strategies, which fosters student knowledge co-creation and knowledge transfer.
Digital News Asia

Malaysia Airlines eyes bigger PHL market share
The Malaysian flag carrier on Monday opened the ticketing office located along Ayala Avenue, in partnership with local general sales agency company Global Air Service as its exclusive passenger sales agent. Global Air Service is a unit of MIASCOR, an aviation services provider, which also provides ground handling and catering services to the airline.
BusinessWorld

IJM Bags RM451 Mln Contract From UOB Malaysia
IJM Corporation Bhd’s wholly-owned subsidiary, IJM Construction Sdn Bhd, secured a contract from UOB Properties (KL) Bhd worth RM451 million to build a new corporate office tower in Jalan Raja Laut here.
Malaysian Digest 

For Pos Malaysia, Internet goes from bane to boon
When the Internet and email arrived, there had been fears that “snail mail” and postal services that carried these would be consigned to a slow but inevitable demise.
The Malay Mail Online 

Exports boost for economy
Asean economies’ growth has so far been driven by exports recovery, with domestic demand factors including private consumption still patchy.
The Star Online

Malaysia hopes opening of MRT line will ease congestion
A 51-kilometre commuter rail line connecting the Malaysian capital to outlying areas began operating on Monday, with the government hoping it will ease Kuala Lumpur’s notorious traffic congestion.
Bangkok Post 

O&G sector expected to continue trading sideways
The oil and gas sector is expected by analysts to continue trading sideways while they have also projected gradual increase in capital expenditure (capex) in the upstream segment.
The Borneo Post 

PRG signs agreement with China’s Jiangsu Group
PRG Holdings Bhd (PRG), a Bursa Malaysia Main Market-listed investment holding Company with its interest in property development, construction, and manufacturing businesses, has entered into a strategic cooperation agreement with China’s Jiangsu Provincial Construction Group Co Ltd (JPC) to jointly undertake infrastructure, property, and construction activities in Malaysia and internationally.
The Borneo Post 

FinTech services poised for mainstream adoption on a global scale — EY study
Levels of financial technology (FinTech) adoption among consumers has surged globally over the past 18 months and is poised to be embraced by the mainstream, according to the latest EY FinTech Adoption Index. An average of 33 per cent of digitally active consumers across the 20 markets in the EY study now use FinTech.
The Borneo Post 

Embassy in Malaysia Lacks Funds to Send Workers Home
An official at the Cambodian Embassy in Kuala Lumpur said on Monday that with more Cambodians seeking support and refuge amid a labor crackdown by Malaysian authorities, the embassy’s budget was not enough to pay to bring them home.
The Cambodia Daily (paywall)

Malaysian anti-graft officers raid unit of Felda
Malaysia’s anti-graft officers conducted a raid at the office of the investment arm of land development agency Felda yesterday, reported The Star news site.
The Straits Times (paywall)

AirAsia upgraded to Add at CIMB Research
CIMB Equities Research has upgraded low-cost carrier AirAsia Bhd from Hold to Add after a 14% decline from its recent peak as investors can benefit from two immediate share price catalysts in the next three to six months.
The Star Online 

Sunway group sets up RM10bil sukuk programme
Sunway Bhd’s sub-subsidiary Sunway Treasury Sukuk Sdn Bhd has launched a RM10bil Islamic medium term note (IMTN) programme.
The Star Online 

 

Feature photo John Walker
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 is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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