Malaysia Morning News For August 25

Malaysia Morning News For August 25

Malaysia morning newsTrump to meet Malaysian leader amid regional tug of war with China
A meeting between the leaders of Malaysia and the United States is the latest salvo in the ongoing battle for supremacy in Southeast Asia between Washington and Beijing, experts say.
CNN International

EcoWorld named Aon Best of the Best Employers in Malaysia
Property developer Eco World Development Group Bhd (EcoWorld) has been named Aon “Best of the Best Employers in Malaysia” for the second consecutive year.
The Edge Markets

McDonald’s introduces Durian McFlurry in Malaysia outlets
Durian fans were probably holding their breath for this – and on Thursday (Aug 24), fast food giant McDonald’s launched the D24 Durian McFlurry in Malaysia.
Channel Asia

‘Measuring GDP in USD not relevant or appropriate’
Measuring the gross domestic product (GDP) in US dollars is not relevant or appropriate for a matured and sophisticated economy like Malaysia, said Second Finance Minister Datuk Seri Johari Abdul Ghani.
The Edge Markets

Navy ends sea search for McCain missing; confirms 1 death
The U.S. Navy on Thursday called off the search at sea for sailors missing after a collision between a destroyer and an oil tanker, and confirmed the identity of one body.
ABC News

Malaysia launches its first French-designed LCS as Navy moves to modernize
Malaysia has launched the first of its new littoral combat ships ordered under a $2 billion contract signed in 2011, as the Southeast Asian country continues its drive to modernize its navy.
Defense News

Washington signs with Malaysia as state partners
Gathered in an open foyer of the Malaysian Ministry of Defence overlooking the sprawling and complex skyline of Kuala Lumpur, the leaders of the Malaysian Armed Forces and Washington National Guard signed a written agreement pledging each other’s commitment to build enduring relationships through sustained cooperation on areas of mutual interest.
Dvids Hub

Petronas continues to seek overseas expansion
National oil company, Petronas, will continue seeking opportunities to expand its presence overseas, despite the prolonged weak global oil prices, says executive vice-president and chief executive officer for Upstream, Datuk Mohd Anuar Taib.
The Borneo Post

Malaysian corporates have ‘lazy’ balance sheets: Bain & Co
Malaysian corporates have “lazy balance sheets” whereby they are not putting their equity to work, not embarking on enough mergers and acquisitions (M&As) overseas and not divesting enough of their non-core assets, said management and consulting firm Bain & Company.
The Sun Daily

PM praises BNM for good management of international reserves
Bank Negara Malaysia’s (BNM) international reserves, currently at US$100.4 billon (US$1=RM4.28), reflects the central bank’s management capabilities, said Prime Minister, Datuk Seri Najib Tun Razak.
The Borneo Post

Genting Bhd’s earnings surge, growth seen at all operating divisions
Genting Bhd’s earnings climbed 57% year-on-year to RM456.33mil in the second quarter (Q2) ended June 30 despite the group incurring impairment losses of RM113.42mil.
The Star Online

Ministry channeling resources to produce digital-savvy citizens
The Communications and Multimedia Ministry is looking into ways and means to ensure that resources are channelled towards producing connected and digital-savvy citizens who can make their mark in the world of electronic sports (eSports) and contribute to the nation’s growth.
The Borneo Post

Malaysian companies need to turn to outbound M&A to boost growth
Malaysian companies should be looking externally for merger and acquisition (M&A) to boost growth and drive returns to shareholders, said global consulting firm Bain & Company.
The Bornoe Post

CIMB Research retains Reduce for AirAsia X
CIMB Equities Research is maintaining its Reduce call for Air Asia X (AAX) with an unchanged target price of 25 sen, still based on one time CY17F price-to-book value (P/BV).
The Star Online 

Mustapa: More grants for companies to adopt automation
More funds and soft loans will be available for local companies to adopt automation for their business operations.
The Borneo Post

Halfest Asean 2017 strengthens TPM Biotech’s Asean move
TPM Biotech Sdn Bhd sees strong potential and abundant opportunities in penetrating the growing Asean market for its range of herbal-based halal products following Halfest Asean 2017.
The Borneo Post

Ship collision exposes Southeast Asian territorial spat
The collision between the USS John S. McCain and an oil tanker has exposed a long-simmering dispute between Singapore and Malaysia over which country should control a 60-meter (197-foot) wide guano-encrusted outcropping at the edge of the South China Sea.
The Seattle Times

Elephant dies after being hit by tour bus in Malaysia
Some two months after an elephant calf was run over and killed, another pachyderm, this time, a 10-year-old bull, died after it was struck by a bus on the same stretch of the Gerik-Jeli Highway in Malaysia.
The Straits Times (paywall)


Feature photo WorldFish
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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