Malaysia Morning News For June 21

Business travellers to Malaysia can now apply for eVISAs
According to Berry Appleman & Leiden’s latest advisory, Malaysia’s eVISA programme is now available for business travellers as well. Previously, the eVISA and VISA-free programme was launched in March 2016, for tourists from China and India to travel to Malaysia easily.
— Human Resources Online

AirAsia named world’s best low-cost airline for 9th consecutive time
AirAsia has been named the World’s Best Low-Cost Airline for the ninth time in a row at the 2017 Skytrax World Airline Awards.
— The Star Online

Wisma Selangor Dredging sold for RM480mil; special dividend in store
Selangor Dredging Bhd (SDB) is selling its headquarters Wisma Selangor Dredging, located in the city centre, for RM480mil in cash.
— The Star Online

HUAWEI extends H+K partnership to cover honor Malaysia
honor Malaysia has named Hill+Knowlton Strategies (H+K) as its public relations agency partner, to lead local communications strategy, consultancy services and execution for the brand in Malaysia, effective immediately. Honor is a sub-brand of the Chinese networking and telecommunications equipment and services, linked to HUAWEI.
— Marketing-Interactive

Malaysian e-commerce site encourages users to ‘break up’ with unwanted stuff
The Dentsu Aegis agency created the ‘GoodBye Good Buy’ campaign to give people a “little push” when it comes to letting go of their old stuff.
— Mumbrella Asia

Malaysia targets reducing smokers to 15 per cent by 2025
Malaysia is targeting to lower the total number of smokers to 15 per cent of the population by 2025 and to only five per cent by 2045, in line with the target of a smoking-free nation.
— The Borneo Post

Press Digest – Lucrative offers for Malaysians to farm in Indonesia
THE Indonesian government is wooing Malaysian farmers with attractive perks including the waiving of taxes, a guarantee of labour supply and provision of some 600ha of idle land in Batam island to grow vegetables and fruits.
— The Sun Daily

University in Malaysia tried to cover up sexual harassment: Foreign exchange student
A foreign exchange student has accused a university in Malaysia of attempting to suppress his alleged molest by another student.
— Today Online

Fast Asia Open: BoJ meeting minutes, Malaysia consumer inflation
Chinese stocks have gained direct entry to MSCI’s global benchmark equity index for the first time, marking a milestone in Beijing’s efforts to draw international funds into the world’s second-largest market.
— Financial Times

Malaysian firms eye Rs 5,000 crore station makeover kitty in 1st big FDI boost for Railways
In potentially the first big FDI in railways, Malaysia’s state-owned Construction Industry Development Board (CIDB) will participate in the auction for redevelopment of Udaipur, Howrah, Indore, Secunderabad, Pune and Faridabad railway stations.
— The Economic Times

Maxus G10 SE launched in Malaysia, from RM153k
Weststar Malaysia has officially launched the new Maxus G10 SE, which is a new variant of the large MPV that made its debut last year.
— Paultan

Malaysia-Japan bilateral relations offers huge potential
The strengthening of bilateral economic relations between Malaysia and Japan offers huge potential for both countries, said Prime Minister Datuk Seri Najib Tun Razak.
— The Borneo Post

Authorities raid MBI Group, freeze millions in bank account
Several enforcement agencies today seized RM688,000, several luxury vehicles and froze millions of ringgit in bank accounts linked to MBI Group International, which was accused of running a pyramid scheme.
— Malaysiakini

Affin Hwang Research maintains Buy for Perak Transit
Affin Hwang Capital Research is maintaining its Buy call on transport operator Perak Transit with a higher target price (TP) of 40 sen which is based on discounted cashflow (DCF), providing 33.1% upside. Its last traded price was 30 sen.
— The Star Online

E-hailing services appear to tackle safety concerns
E-hailing companies are going all out to do damage control by upgrading existing safety features, following from the recent sexual assault and robbery cases involving their drivers.
— The Star Online

Invest Selangor looks to big investments
Given the gloomy economic climate, consolidation rather than expansion may be the order of the day for many businesses, but this hasn’t deterred Invest Selangor from drawing more investors to the state.
— Free Malaysia Today

150 lose RM9 million in land fraud
Some 150 people are believed to have become victims of fraud in the purchase of land in Gombak and Hulu Langat from a real estate company, with losses incurred amounting to some RM9 million.
— Free Malaysia Today

MaybankJomRaya Reminds Malaysians The True Meaning Of Hari Raya
Following the success of Maybank’s JomRaya song in 2016, Maybank today released an updated rendition of its popular song, this time, with children taking centre stage in the newly produced video.
— Malaysian Digest

Petroleum Dealers Ask Gov’t To Release Fuel Prices In Advance To Association
The Petroleum Dealers Association of Malaysia (PDAM) is suggesting for the government to release the retail fuel prices to the association, two days before the weekly fuel prices are announced.
— Malaysian Digest

Investors unfazed by latest MBI International episode
MBI International investors are still keeping faith with the group despite news that a key member of the organisation has been arrested and 98 local bank accounts linked to it have been frozen.
— The Star Online

PM: M’sia will continue to welcome foreign investors
The Government is, and will continue to be, investor-friendly, said Datuk Seri Najib Tun Razak.
— The Star Online

Don’t expect our brilliant AG to reopen 1MDB case
It is illogical to expect Malaysian Anti-Corruption Commission (MACC) chief Dzulkifli Ahmad to investigate the additional information regarding the alleged theft of humongous sums from 1MDB.
— Malaysiakini

Trading ideas: Selangor Dredging, BToto, Sapura Resources
Selangor Dredging, Berjaya Sports Toto (BToto), Sapura Resources and Destini are among the stocks to watch on Wednesday, according to JF Apex Research.
— The Star Online

Malaysian palm oil price sees sharpest daily drop in a week, tracks rival oils
Malaysian palm oil futures snapped four consecutive sessions of gains on Tuesday to record their sharpest daily drop in a week as the market tracked a weaker performance in rival oils and on the back of slow export demand.
— The Star Online

Container shipping freight rates rise, capacity still key, says Fitch
Container shipping companies have benefited from a modest increase in freight rates since the start of the year, but a sustainable recovery in the container market will only be achieved by reaching a viable supply/demand balance through capacity cuts, according to Fitch Ratings.
— The Edge Markets

Feature photo John Ragai
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.

Malaysia Morning News For June 21 added by Leakhena Khat on June 21, 2017
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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.