Malaysia Morning News For July 11

MAHB Records 11.9 Per Cent Passenger Growth In June 2017
Malaysia Airports Holdings Bhd’s (MAHB) network of airports, including Istanbul Sabiha Gokcen International Airport (Istanbul SGIA), recorded 10.2 million passengers in June 2017, an 11.9 per cent growth over the same month of 2016.
— Malaysian Digest

Malaysia On Track To Achieve 3 Pct Fiscal Deficit Target – Irwan Serigar
Malaysia is on track to achieve its projected fiscal deficit of 3.0 per cent this year, said Treasury Secretary-General, Tan Sri Mohd Irwan Serigar Abdullah.
— Malaysian Digest

Najib: MAB expected to start making profit next year
Malaysia Airlines Bhd (MAB) is expected to start making profit next year, said Prime Minister Datuk Seri Najib Tun Razak said.
— The Borneo Post

57 employers, 3,014 foreigners detained in E-card ops
A total of 3,014 illegal immigrants and 57 employers were detained by the immigration department during the E-Card Ops Mega, carried out since July 1.
— Free Malaysia Today

Autos’ earnings set for rebound in 3Q17 onwards
The automotive sector earnings looks set for a rebound from the third quarter of 2017 (3Q17) onwards, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) project, after establishing a firm trend of volume recovery.
— The Borneo Post

MACC to open new investigation paper on Felda
The Malaysian Anti-Corruption Commission (MACC) will open a new investigation paper on the Federal Land Development Authority (Felda), according to its chief commissioner Dzulkifli Ahmad.
— Free Malaysia Today

2017 is shaping up to be a record year for PChem, says Maybank IB Research
Maybank IB Research has maintained its “Buy” rating on Petronas Chemicals Group Bhd (Pchem) at RM7.09 and unchanged target price of RM8.10 and said Pchem’s 2Q17 results will be a windfall underpinned by strong average selling price (ASP) and higher volumes on the full operations of SAMUR plant.
– The Edge Markets

Malaysia on high alert for fleeing militants after Mosul’s liberation
Malaysia is on high alert for fleeing militants after Iraqi government forces claimed victory against the Islamic State group in Mosul and Raqqa.
— Channel NewsAsia

Malaysia c.bank seen holding key rate as inflation moderates
Malaysia’s central bank will leave its benchmark rate unchanged on Thursday, a Reuters poll showed, as inflation has been easing after hitting an eight-year high in March.
– The Edge Markets

New tech to keep Singapore-Malaysia border – the world’s busiest – safe
Security at Singapore’s entry points has been beefed up with facial recognition technology, laboratories that can detect biological threats and even a walk-through system that puffs air at individuals to allow for trace amounts of explosives to be detected.
— The Straits Times (paywall)

Solving the Biggest Aviation Mystery of Malaysian Airline that Disappeared years ago
A recent article by the Telegraph UK sought to unravel some of the biggest aviation mysteries in the world. We have all wondered what happened to Malaysian Airplane, whether Bermuda triangle is real and whether the story of D B Cooper is real. The article by the Telegraph covered more including the fate of TWA Flight 800, the fate of Air France Flight 447 and much more.
— Wings Journal

‘BNM monetary policy likely to remain unchanged’
Bank Negara Malaysia (BNM) is expected to leave the country’s monetary policy unchanged, said an analyst.
— The Borneo Post

Malaysia foils bid to smuggle ‘bearded dragons’
Malaysia has foiled an attempt to smuggle dozens of bearded dragon lizards and tortoises into the country from neighbouring Thailand to be sold as pets, authorities said yesterday.
— The Malay Mail Online

Business confidence in Malaysia remains marginally optimistic for 3Q
Business confidence in Malaysia remained marginally optimistic in the third quarter (Q3) of this year, said Dun & Bradstreet (D&B) Malaysia Sdn Bhd.
— The Borneo Post

78% Married Msian’s Seek Financial Redress, Is Living Life On Instalments A Solution?
Based on the Credit Counselling and Debt Management Agency (AKPK) statistics, about 78 per cent of consumers who seek financial redress through the Debt Management Programme are married.
— Malaysian Digest

Foreign investors sell on tensions from North Korea
Foreign investors continued pulling out from Malaysia albeit at a slower momentum last week.
— The Borneo Post

Smaller apartments to be feature of Sheda Property Expo 2017
Slightly smaller apartments likely to be featured at the Sarawak Housing and Real Estate Developers’ Association’s (Sheda) annual property expo this year, given that developers have recently been pushing for these projects to make the entry point of owning a house a bit lower.
— The Borneo Post

Minister denies S’wak lacks confidence in AG’s Chambers
Sarawak Minister Stephen Rundi Utom has denied that his state government has no confidence in the Attorney-General’s Chambers (AGC) and is therefore sending a team of lawyers to London to study Malaysia Agreement 1963 (MA63).
— Malaysiakini

Five Malaysian firms that went for mega IPOs
Ahead of the country’s largest stock market listing since 2012 today, we take a look at some of the biggest initial public offerings (IPOs) in recent years.
— The Malay Mail Online

7-Eleven Malaysia CEO resigns
7-Eleven Malaysia Holdings Bhd (SEM) has appointed Ho Meng as acting chief executive officer, effective Aug 1, replacing Gary Thomas Brown.
— The Star Online

MAS back on track and set to be in the black by 2018, says PM
The once-ailing Malaysia Airlines is set to be back in the black by next year as its five-year revival plan remains well on track.
— The Star Online

CIMB Research downgrades banks to Neutral ahead of new loan rules
CIMB Equities Research has downgraded Malaysian banks from Overweight to Neutral due to the impact of MFRS 9 — the Malaysian version of International Financial Reporting Standards – and the slower projected 2018F net profit growth, less attractive valuations.
— The Star Online

Malaysian palm oil price hits 6-week peak tracking soyoil
Malaysian palm oil futures hit their highest in six weeks on Monday, aided by rival oilseed soy’s gains on the Chicago Board of Trade (CBOT) and China’s Dalian Commodity Exchange.
— The Star Online

Feature photo shankar s.
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 July 11 added by Leakhena Khat on July 11, 2017
View all posts by Leakhena Khat →

Bio
Latest Posts

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.