Malaysia Morning News For July 17

Malaysia, Indonesia May Take EU Plan to Curb Palm Oil Imports to WTO
Malaysia and Indonesia plan to raise the prospect of European Union curbs on the imports of palm oil with the World Trade Organisation, both countries said in a joint statement on Sunday.
— The New York Times

Malaysia’s commodity-based exports value rises
The value of Malaysia’s commodity-based exports rose 27.1% to RM59.1bil for the January to May 2017 period, surpassing the RM46.5bil achieved for the same period last year.
— The Star Online

Gartner: Malaysia IT spend forecast to grow 3x global average in 2017
IN Malaysia, spending on technology products and services is forecast to reach US$14.4 billion (RM61.9 billion) this year, up 7.1 % from 2016 (see Table 1.). Comparatively, worldwide IT spending is projected to total US$3.5 trillion in 2017, a 2.4 % increase from 2016, according to Gartner, Inc.
— Digital News Asia

SPAD: MRT a benchmark for all future public transport planning
The Mass Rapid Transit (MRT) system is a benchmark for all future public transport planning which takes into account the need for connectivity and an improvement of the quality of life of the people.
— The Malay Mail Online

Can the uptrend in Malaysia’s manufacturing sector hold up?
WITH the continuous uptrend in manufacturing, a question at this point is whether this can hold up for the long term. Views range from positive to uncertain, indicating that investors may have to look selectively at the various segments of manufacturing.
— The Star Online

Thai team to Malaysia to probe ‘transnational crime’ syndicate
Thai investigators will travel to Malaysia soon as part of an in-depth investigation into a Malaysian company which has been accused of being a “transnational crime syndicate” in the kingdom.
— The Star Online

Malaysia takes lead in developing, promoting SRI
Malaysia, widely acknowledged as being in the forefront of Islamic finance, is taking the lead in promoting the sustainable and responsible investing (SRI) proposition based on its shared values with Islamic finance.
— The Borneo Post

M’sian companies generally unprepared for cyber attacks
While a majority of the surveyed Malaysian companies believe that cyber security is important and seek guidance from IT security experts, almost all (96 per cent) of them are only in the early stages of security preparedness, according to a survey jointly conducted by Quann, a leading Managed Security Services Provider in Asia Pacific, and research firm IDC.
— The Borneo Post

Expat minister says no more workers to be detained in Malaysia till Dec
Expatriates’ welfare and overseas employment minister Nurul Islam said Malaysia authorities would not detain any Bangladeshi workers until December as Dhaka and Kuala Lumpur agreed in solving the illegal workers’ issue though discussions.
— Prothom Alo

Malaysia won’t block access to Telegram: DPM (Updated)
Malaysia does not plan to block access to mass-messaging service Telegram amid security concerns in some countries, such as Indonesia.
— The Sun Daily

Malaysia Is More Resolute To Seek Justice For MH17 Victims – Liow
Malaysia is more resolute to seek justice and remains single-minded in its pursuit to prosecute those responsible in the unfortunate tragedy that brought down Malaysia Airline (MAS) flight MH17, said Transport Minister Datuk Seri Liow Tiong Lai.
— Malaysian Digest

Furniture exports keep growing
Malaysia’s furniture exports are expected to grow by 8% exceeding RM10 billion this year, a stronger pace compared with 4.1% to RM9.5 billion last year, thanks to the recent ban on rubberwood exports, according to Malaysian Furniture Council (MFC) president Chua Chun Chai.
— The Edge Markets

Mlabs Systems announces collaboration with Singapore firm after UMA query
Multimedia conferencing system software developer Mlabs Systems Bhd, whose share price hit a record of 46.5 sen last Friday, said the recent sharp rise in its share price and trading volume could be due to its collaboration with Singapore’s e-horizon Asia Pte Ltd to distribute its multimedia videoconferencing and mobile application products.
— The Sun Daily

New honor 8 Pro features breakthrough speed and performance
Honor Malaysia has announced the launch of its super smartphone, the honor 8 Pro, which boasts maximum performance in a minimalist package, the stunning new device sets the standard in every way – with cutting-edge processing power, long lasting battery life, 5.7-inch Quad HD display and a dual-lens camera all packed into an impossibly thin 6.97mm body.
— The Borneo Post

Bursa Malaysia seeks potential SMEs to list under LEAP market
Bursa Malaysia Bhd is seeking potential small and medium enterprises (SMEs) from a pool of 148,678 establishments to be listed under the third market – Leading Entrepreneur Accelerator Platform (LEAP).
— The Borneo Post

French Hostility To Palm Oil Trade Hurting Bilateral Relations: MPOB
France’s current adversarial position on the palm oil trade is hurting relations with Malaysia, Malaysian Palm Oil Board chairman Datuk Seri Ahmad Hamzah said today.
— Malaysian Digest

480 claim housing developer cheated them of RM2.7 million
An Indian community NGO has advised those allegedly cheated by a property developer to hold on to the cheques they had been given as reimbursements.
— Free Malaysia Today

Amidst Crackdown, 79 Migrant Workers Arrested in Malaysia
About 30 Cambodians have been seeking refuge at the Cambodian Embassy in Kuala Lumpur, while 79 have been arrested since a crackdown by Malaysian authorities on undocumented migrant workers began earlier this month, the Foreign Affairs Ministry said on Friday.
— The Cambodia Daily (paywall)

Hypermarket loses RM250,000 kept in safe
A hypermarket lost its collections of about RM250,000 after its office at Cayman 2 Complex was broken into today.
— Free Malaysia Today

Coding Sarawak’s own digital economy
Less than three decades ago, going digital for most businesses meant merely investing in one or two expensive computers for a select few employees to enter data into. Documents and data were still mostly recorded physically until it came time for data entry clerks to archive them onto the now obsolete floppy disk.
— The Borneo Post

Feature photo John Walker
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 17 added by Leakhena Khat on July 17, 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.