Malaysia Morning News For July 6

Malaysia Morning News For July 6

Malaysia morning news

By 2050, 65% Of M’sian Jobs Might Be Taken Over By Automation. Find Out If Its Your Job At Risk
On 20 June 2017, McDonalds recorded their highest ever share price in the stock market. The reason? Most investors fell in love with McDonalds’ plan to replace their cashiers in more than 2500 of their restaurants, with an automated digital kiosk.
Malaysian Digest 

Malaysia’s bauxite exports rise despite mining ban
A year and a half after banning bauxite mining to force miners to meet environmental standards, Malaysia’s exports to main customer China are again growing, raising public anger over illegal mining.
The Malay Mail Online 

Malaysia exports likely rose 22% in May: poll
Growth in Malaysia’s exports likely accelerated in May, supported by strong shipments in commodities and electrical and electronics products.

Singapore, Malaysia and US among top 10 cybersecurity countries
Singapore has a near-perfect approach to cybersecurity, but many other rich countries have holes in their defences and some poorer countries are showing them how it should be done, a U.N. survey showed on Wednesday.
The Star Online 

Singapore restoring reputation dented by 1MDB scandal, says MAS MD Menon
Ravi Menon, managing director of the Monetary Authority of Singapore, figures that the enforcement action taken against the banks and individuals found to have been involved in the international money laundering scandal surrounding 1Malaysia Development Bhd has helped restore Singapore’s reputation as a global financial centre.
The Edge Markets 

Nikkei Malaysia PMI to see limited ownside due to rising exports
Despite the Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI) falling to an all-time low of 46.9 in June, analysts are still adamant that further deterioration will be limited due to rising exports.
The Borneo Post 

Bilateral trade between Vietnam and Malaysia sees sharp rise
Vietnam Trade Office in Malaysia said total bilateral trade between Malaysia and Vietnam in the first five months of 2017 reached USD 3.974 billion, up 27.9% against the same period in 2016.
Vietnam Times 

BNM calls for central authority to lead affordable housing initiatives
Bank Negara Malaysia (BNM) has called for a central authority to lead, oversee and coordinate affordable housing initiatives for the country, to promote greater strategic and operational cohesion at the national level.
The Borneo Post

Widening spreads among REITs present opportuntities in hospitality segment
The widening spreads among real estate investment trusts (REITs) in Malaysia present investment opportunities particularly for hospitality REITs, says AmInvestment Bank Bhd (AmInvestment Bank) in a strategy report for the second half of 2017.
The Borneo Post 

Prosecution on MH17 to bring justice: Malaysia
The attempt to launch legal proceedings by relevant governments with regards to the downing of Malaysia Airlines flight MH17 can help establish truth and seek justice, Malaysia’s Transport Minister said on Wednesday.
Business Standard 

Short-term challenges, long-term opportunities for Digi, says CIMB Research
CIMB Equities Research believes DiGi could see more negative revenue spillover effects in 2Q17 from rationalising prepaid legacy services.
The Star online

QBE Malaysia confident of achieving double-digit growth
QBE Insurance (M) Bhd expects to continue to grow at above industry average this year, similar to the cumulative annual growth rate (CAGR) of about 16 per cent it achieved over the past five years.
The Borneo Post 

Petronas Dagangan Divests Stakes In 2 Units For US$124 Mln
Petronas Dagangan Bhd’s subsidiary, PDB (Netherlands) BV (PDBN), has entered into two share purchase agreements with Phoenix Petroleum Philippines Inc to divest 100 per cent and 40 per cent stake respectively in Petronas Energy Philippines Inc (PEPI) and Duta Inc for US$124 million (RM532.5 million).
Malaysian Digest 

FDI touted from China may not come as expected, says report
Malaysia may have touted its successes in securing foreign direct investments (FDI) from China but a research firm says that China may not have the level of impact Putrajaya hopes for.

Good drivers to benefit from motor insurance liberalisation move
The liberalisation of motor insurance would make Malaysians more accountable for their vehicles, said Malaysian Insurance Institute (MII).
The Borneo Post 

RFP for Bandar Malaysia open
The Ministry of Finance (MoF) has to date received positive response on the request for proposal (RFP) for the Bandar Malaysia Project.
The Borneo Post

PM’s alleged payment to intelligence chief; K’tan gov’t in cryptocurrency controversy
Former prime minister Dr Mahathir Mohamad said only an idiot would believe claims that he was behind the action of the US Department of Justice (DOJ) against 1MDB, from which DOJ claimed that at least US$4.5 billion in funds were misappropriated.

Education Ministry: Not compulsory for parents to pay PTA fees
The Education Ministry is taking a Chinese primary school in Bandar Utama to task for caning a pupil after his parents failed to pay the parent-teacher association’s (PTA) fees.
The Malay Mail Online 

EPF members can settle education loans under Account 2 from July 21
The Employees Provident Fund (EPF) has made it easier for its members to settle their outstanding education loans from July 21 and this could benefit up to 70,000 members who have yet to repay these loans.
The Star online 

Malaysian palm oil price hits highest in more than a month
Malaysian palm oil futures surged to more than a one-month high late on Wednesday on the back of forecasts for lower production in June.
The Star online 

China’s growing ambitions in Malaysia raise questions about Beijing’s true motive
Colorful shops and historic buildings draw millions of tourists each year to this ancient port city, once a principal stop on the ancient
USA Today 


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.



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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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