Malaysia Morning News For August 3

Malaysia Morning News For August 3

Malaysia morning newsCMERP satellite lab to tackle malware threats in Malaysia
The Coordinated Malware Eradication and Remediation Project (CMERP) satellite laboratory worth RM7.4 million has been set up at Universiti Teknikal Malaysia Melaka (UTeM) to tackle malware threats in this country.
Astro Awani 

China money pours into Malaysian infrastructure projects
The Straits of Malacca have been a gateway for China for centuries in its quest for power.
The Star Online 

ADB raises US$1.25 billion to finance climate change mitigation and adaptation projects
The Asian Development Bank (ADB) has raised US$1.25 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 5-year and 10-year green bonds.
The Edge Markets 

Electricity Tariff Formulated Systematically Based On Actual Costs – EC
Consumers are paying the cost of electricity tariff based on actual costs that are formulated transparently and systematically, the Energy Commission (EC) said.
Malaysian Digest

What Malaysia Has to Change to Keep Up With Its Neighbors
In Malaysia, Khairy Jamaluddin is canvassing ideas to “future-proof” a country he warns has trailed its counterparts for decades.
The Edge Markets 

Malaysia seizes ivory, pangolin scales from Africa
Malaysian authorities said Wednesday that they seized 23 pieces of elephant tusks and 664 pounds of pangolin scales believed to have been smuggled from Africa in a haul worth nearly $1 million.
Boston Globe 

Agriculture and agro-based industry staff need to get ready for TN50
Staff of the Agriculture and Agro-based Industry Ministry should be prepared for the 2050 National Transformation (TN50) when the need for food will increase, said its deputy secretary-general (development) Badrol Hisham Mohd.
Astro Awani 

53,285 online businesses registered with SSM as of July 10
As many as 53,285 online businesses have been registered with the Companies Commission of Malaysia (SSM) as of July 10, the Dewan Rakyat was told on Tuesday.
Astro Awani

More companies expected to propose dividend reinvestment plans
More companies, especially banks, are expected to offer dividend reinvestment plans (DRPs), even though such schemes are not among the most popular arrangements here, because of the additional flexibility they accord companies to manage their capital position given the current economic climate.
The Sun Daily 

Malaysia to host 3 world-class business events
Malaysia has won three highly competitive bids to host world-class business events, which are expected to generate a collective economic impact of RM32.7 million.
The Sun Daily

Chemical Co of Malaysia, CCM Duopharma to be demerged
Chemical Co of Malaysia Bhd (CCM) has become the latest Permodalan Nasional Bhd (PNB)-controlled group to be put under a restructuring plan, which will see it divesting its pharmaceuticals business free of charge and raising funds totalling RM257.6mil.
The Star Online 

M’sian equities to be hit if China’s growth cools
The Malaysian stock market will be affected if China’s economic growth decelerates more rapidly than expected, said RHB Asset Management Sdn Bhd, citing the strong business links between the two countries.
The Edge Markets 

It’s chocolate factory or cocoa farm in Malaysian growth toss-up
In Malaysia, Khairy Jamaluddin is canvassing ideas to “future-proof” a country he warns has trailed its counterparts for decades.
The Malay Mail Online

RAM reaffirms stable rating of Sabah’s RM1 billion bonds
RAM Ratings yesterday reaffirmed the AAA/stable rating of the state government of Sabah’s RM1.0 billion Bonds (2014/2019).
The Borneo Post

Good first half of the year for Delta Leasing
Delta Leasing Sdn Bhd came in with a good set of financial results for the first half of this year despite a tough operating economic environment.
The Borneo Post 

Malaysia Secures Biz Events Worth RM32m In 1H17
Malaysia won three highly competitive bids to host world-class business events during the first half of the year, which are expected to generate a collective economic impact of RM32.7 million.
Malaysian Digest 

KUB obtains shareholders’ nod for RM100.4 million land acquisition
KUB Malaysia Bhd (KUB) yesterday received shareholders’ approval at its Extraordinary General Meeting for the acquisition of a brownfield oil palm plantation land in Sungai Kinabatangan, District of Kinabatangan, Sabah.
The Borneo Post 

Medical devices export to grow by 12 per cent for 2017
Exports of medical devices are set to grow by 12 per cent year-on-year to RM17.74 billion in 2017, supported by growing demand, particularly from Asia-Pacific.
The Borneo Post 

Malaysia secures business events worth rm32.7 million
Malaysia has won three highly competitive bids to host world class business events which are expected to generate a collective economic impact of RM32.7 million.
The Borneo Post 

Malaysia to help Indonesia check smog during SEA Games
Malaysia said yesterday it is ready to render assistance to extinguish forest fires in Indonesia to check any cross-border smog in view of the SEA Games Kuala Lumpur is hosting later this month.
Free Malaysia Today

China-German-M’sia Consortium Bags RM1.56b LRV Work Package: Prasarana
Prasarana Malaysia Bhd has awarded light rail vehicle (LRV) work package worth RM1.56 billion to a consortium of CRRC Zhuzhou Locomotive Co Ltd, Siemens Ltd China, and Tegap Dinamik Sdn Bhd for the Light Rail Transit 3 (LRT3) project.
Malaysian Digest 

Employees getting bigger share of corporate earnings
Malaysia has seen a steady growth in labour income share by almost 5 percentage points to 35.3% for the past six years from 2010 to 2016, according to MIDF Research.
The Sun Daily 

Malaysia to have its own disaster response depot
Malaysia will soon have its own National Humanitarian Response De­­pot which is expected to be ope­ra­tional by October, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
The Star Online 

16 locals wanted over links to foreign criminals
Sixteen locals are being hunted by the security forces in Sabah for being in cahoots with foreign criminals, said Minister in the Prime Minister’s Department, Datuk Seri Dr Shahidan Kassim.
The Sun Daily 

UNHCR cardholders given until Sept 30 to get MyRC Card
About 150,000 United Nations High Commissioner for Refugees (UNHCR) cardholders in Malaysia have until Sept 30 to apply for the special MyRC identity card issued by the Ministry of Home Affairs after registering under the Tracking Refugees Information System (TRIS).
The Sun Daily 


Feature photo tomscoffin
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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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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