Malaysia Morning News For August 15

Malaysia Morning News For August 15

Malaysia morning news2nd Malaysia Fest In Singapore Attracts Over 100,000 Visitors
The recently concluded Malaysia Fest 2017, which featured the very best of Malaysia in terms of food, fashion, beauty, travel and culture from more states than before, was a roaring success as it attracted a larger number of visitors, drawing more than 100,000 people.
Malaysian Digest

Malaysia’s economy seen on uptrend for next three to five years
Malaysia’s economy is expected to be on an uptrend for the next three to five years, supported by strong local and foreign investments, increase in exports as well as consistent government support for the companies.
The Star Online

Country needs 35% skilled workers in various fields by 2020
The nation needs at least 35% skilled workers among the locals in various fields, in line with the objective of making Malaysia a developed and high-income nation by 2020.
The Sun Daily

94.2% of Malaysian kids exposed to online porn
MCMC says it is unable to totally ban pornographic websites and applications, and wants people to report those who spread such content.
Free Malaysia Today

Foreign workers can work till 60
The age limit for foreigners to work in Sabah has been extended to 60.
—The Borneo Post

CIMB Research sees challenging 2017 for Media Prima
CIMB Equities Research expects Media Prima to remain in the red in FY17 and it has cut its FY18-19F EPS by 50%-59% to account for larger declines in traditional print and TV advertising expenditure (adex).
The Star Onine

Malaysia Deploys First Warship to New Naval Base Near Disputed Island
Development comes just over a week after Abu Bakar Maritime Base was first unveiled.
The Diplomat

Foreigners sold RM63m last week
Foreign investors sold off RM63.1 million last week, in line with the weekly outflow seen by regional peers including Korea, Indonesia and Taiwan, said MIDF Research.
The Sun Daily

Malaysia does not import eggs from Europe
Malaysia is not importing chicken eggs from Europe that are allegedly contaminated with fipronil chemicals as published by the media recently.
The Sun Daily

10 tonnes of fish seized as MMEA busts Vietnamese vessels
Two Vietnamese fishing vessels were seized by the Malaysian Maritime Enforcement Agency (MMEA) for fishing illegally in state waters last Thursday.
The Borneo Post

Bursa Malaysia closes on firm note
Genting Malaysia, IHH Healthcare and Petronas Chemicals (PetChem) underpinned the FBM KLCI firm performance on Monday tracking key Asian markets.
The Star Online

Foreign outflows from MGS seen continuing
Foreign funds may continue to flow out from Malaysian government securities (MGS) in the coming months due to the US Fed’s stance of increasing interest rates, according to Kenanga Research.
The Sun Daily

Banks in Malaysia getting sticky about paperwork
BANKS in Malaysia appear to have stepped up the paperwork in relation to demand drafts and telegraphic transfers (TTs), especially those denominated in foreign currencies, amid increasing surveillance by the regulatory authorities.
The Business Times

INTERVIEW: Malaysia Airlines Briefs 12 Banks On Relisting Plan For 2019-CEO
Malaysia Airlines has briefed 12 banks including several foreign and top local banks on its proposed share relisting aim for 2019, its chief executive said.
Nikkei Asian Review

Solid distributive trade points to stronger domestic spending
The continous solid performance in distributive trade could indicate that stronger domestic spending is in play for Malaysia and hence, this could drive the nation’s economy into a better position in 2017, analysts observed.
The Borneo Post

Media Prima posts Q2 loss due to impairment exercise
Media Prima Bhd reported a net loss of RM132.91mil for the second quarter ended June 30 against a net profit of RM27.92mil a year ago largely due to an impairment of its investment in its associate Malaysian Newsprint Industries Sdn Bhd (MNI).
The Star Online

DNex active, up 4.44% on strong trading interest
Dagang NeXchange Bhd shares rose 4.44% in heavy trades after the midday break today, amid a mild technical rebound staged by the FBM KLCI.
The Edge Markets

FGV eyes opportunities in ECRL project
Felda Global Ventures Holdings Bhd (FGV) is keen to offer its expertise in providing an integrated logistics services with parties involved in the development of the East Coast Rail Link (ECRL) project.
The Star Online

Some batches of Ribena withdrawn in Malaysia after ‘manufacturing error’
Japanese beverage company Suntory has withdrawn some batches of Ribena Concentrate products in Malaysia over a “manufacturing error”.
Channel NewsAsia

Bangladesh to Malaysia: Inside student trafficking trade
A network of deceit and exploitation that robs Bangladeshi college students of their money and education.
The Daily Star (video)

Malaysia ruling party leaders denounce violence at Mahathir forum
Leaders of Malaysia’s ruling party have condemned violence that erupted at a forum where former prime minister Mahathir Mohamad was speaking, as political tension rises ahead of a general election that could be called in coming months.

Malaysian minister warns stern action against culprits behind forum violence
Those behind the violence during a public forum organised by the opposition on Sunday (Aug 13) in Shah Alam will face stern action, said Malaysia’s Deputy Prime Minister Ahmad Zahid Hamidi.
Channel NewsAsia

Ipoh is Malaysia’s cleanest city
Perak’s capital has been declared the cleanest city in Malaysia for 2016, said Tan Sri Noh Omar.
The Star Online

Recently, the National Heart Association of Malaysia has published the updated clinical practice guidelines for 2017.
The guidelines featured ways in which the onset and progression of cardiovascular disease can be prevented – taking into account local factors that affect health.


Feature photo World Bank / Nafise Motlaq
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 by AEC News Today is your one stop source for Malaysia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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