Malaysia Morning News For July 4

Malaysia Morning News For July 4

Malaysia morning news

MACC calls up five port officials over missing military equipment
THE Malaysian Anti-Corruption Commission will call up five top management officials of the Port of Tanjung Pelepas (PTP) in Johor over the release of a container with high-tech military radar equipment without following proper procedures.
New Straits Times 

Stronger economic growth for 2017
Economists in the private sector are upgrading their growth predictions for Malaysia, with many expecting the pace of the country’s economic expansion this year to exceed the Government’s own forecast, backed by strong foreign demand and solid domestic demand.
The Star Online 

A cheaper, chastened Lotte Chemical IPO returns to Malaysia
Lotte Group, South Korea’s fifth-biggest family-owned conglomerate, has cut the price range for a revived initial public offering of its Malaysian petrochemicals unit amid weaker investor appetite.
Financial Times

Thai and Malaysian navy hunt for pirates off coastal waters
The Thai and Malaysian navy are pursuing pirates responsible for hijacking a Thai fuel tanker off Songkhla.
The Nation 

Addressing the rabies outbreak
The State Disaster Management Committee will meet today to discuss on the rabies outbreak, following the three cases of rabies infection detected last Friday involving young children from Serian, says its chairman Deputy Chief Minister Datuk Amar Douglas Uggah Embas.
The Borneo Post 

Iskandar to be three times the size of Singapore, says FT report
Iskandar Malaysia is poised to become three times the size of Singapore when it is completed by its expected date of 2025, says the Financial Times (FT).
The Star Online 

Top Glove sells Singapore-based indirect associate to Mclean Technologies
Top Glove Corp Bhd has disposed of its 36.84% indirect stake in Singapore-based Sonic Clean Pte Ltd, which provides cleanroom washing services and supplies to industries ranging from hard disk drive to medical industries.
The Edge Markets 

Potential reduction in Tenaga’s allowable return of assets
With the current Incentive Based Regulation (IBR) period soon coming to an end, analysts are betting on a reduction in Tenaga Nasional Bhd’s (Tenaga) allowable return of assets (ROA) to be on the table in its upcoming review.
The Borneo Post 

CPO price to average at RM2,650 despite EU barrier
The team behind AmInvestment Bank Bhd (AmInvestment Bank) is pegging an average crude palm oil (CPO) price of RM2,650 per tonne for its full year 2017 forecasts (FY17F), assuming an average CPO price of RM2,900 per tonne in the first half (1H) and RM2,400 per tonne in 2H.
The Borneo Post

Credit card usage by Malaysian women rises 129 per cent
Credit card usage by Malaysian women increased 129 per cent over the last five years, while for men, it grew 71 per cent over the same period, said United Overseas Bank (Malaysia) Bhd.
The Borneo Post 

Toshiba launches sleek, lightweight Portégé X30, Tecra X40 business laptops
Toshiba Singapore Pte Ltd recently announced the Portégé X30 and Tecra X40, elegantly engineered laptops which provide premium, powerful and secure experiences for professionals.
The Borneo Post

Tiger Synergy Unit, LJ Development Sign MoU To Undertake Property Project In Klang
Tiger Synergy Bhd’s unit, Pembinaan Terasia Sdn Bhd (PTSB), has signed a memorandum of understanding (MOU) with LJ Development (KL) Sdn Bhd to undertake a residential and/or commercial development project in Klang, Selangor.
Malaysian Digest 

Mah Sing Acquires Land For Integrated Development & Business Park
Mah Sing Group Bhd has acquired two pieces of land along Batu 2.5, Cheras, Kuala Lumpur, and Bukit Mertajam, Penang, to be developed into an integrated development and a business park, respectively.
Malaysian Digest

Malaysians in Qatar staying positive despite blockade
Despite the uncertainties surrounding the blockade on Qatar by its neighbours, many Malaysians are heading back to the country after their Hari Raya holidays.
The Star Online 

Global semicon sales jumped 22.6% y-o-y in May to US$31.9 billion, says SIA
Global sales of semiconductors jumped 22.6% year-on-year in May this year to US$31.9 billion from US$26 billion a year earlier, according to the U.S.-based Semiconductor Industry Association (SIA).
The Edge Markets 

Are ‘Chinese schools’ really the cause of disunity?
Local “Chinese schools” or schools that heavily feature Mandarin have been criticised as stumbling blocks to a united and harmonious Malaysia, but is that really true?
The Malay Mail Online 

Only 35 pct of RapidKL card holders have changed to new TnG platform: Prasarana
With less than two weeks to go before the current MyRapid card ceases to function, only 35 per cent out of the estimated 300,000 holders of RapidKL cards have changed their cards and migrated to the new RapidKL Touch ‘n Go (TnG) platform.
New Straits Times 

Special ikebana demo marks 60th anniversary of Malaysia-Japan ties
THE anniversary of the establishment of Malaysia-Japan diplomatic relations was marked by an ikebana (flower arrangement) demonstration at the Japanese ambassador’s residence in Kuala Lumpur.
The Star Online 

Ozone therapy centres in Malaysia still operating on the sly
As a crackdown on ozone therapy starts in Malaysia, it’s business as usual for some centres, while others have become discreet.
Today Online 

Malaysian employers feel pressure as foreign workers go into hiding
The government has taken various measures to resolve the issue of Bangladeshi workers detained in Kuala Lumpur, according to reports by local and Malaysian media.
The Financial Express 

 

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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