Malaysia Morning News For June 14

Malaysia Morning News For June 14

Malaysia morning news

Graft Scandal at Malaysia Palm Oil Giant Brings Risks for Najib
Prime Minister Najib Razak wrote a message on his website this month to the more than 100,000 ethnic Malay families working on government-sponsored farms: “As long as I am prime minister, your welfare is guaranteed.”


Employers Reminded To Expedite E-Card Registration Or Risk Being Caned
Employers employing illegal foreign workers are reminded to expedite registering them under the E-Kad (Enforcement Card) programme by June 30 or risk facing caning punishment.
Malaysian Digest 

Malaysian palm oil price hits 10-month low on stronger ringgit, rising output
Malaysian palm oil futures hit a 10-month low in the second half of trade on Tuesday on the back of a stronger ringgit, while expectations of rising output and weaker export growth also weighed on the market.
The Star Online 

Vivocom gains 4.17% on bagging RM195.23m condominium job in Perak
Vivocom International Holdings Bhd rose 4.17% in early trade this morning after it bagged a RM195.23 million contract to construct condominium blocks under the 1Malaysia Civil Servants’ Housing Programme (PPA1M) in Perak.
The Edge Markets 

Malaysia to launch joint air patrols to curb Daesh threats – Hishammuddin
Malaysia will soon launch joint air patrols with Indonesia and the Philippines to curb the increasing threats by the Daesh militant group in the region, said Defence Minister Datuk Seri Hishammuddin Hussein.
BorneoPost Online 

Malaysia to increase investments in Indonesia
Malaysian companies will continue to make investments in Indonesia spurred partly by the latter’s strong economy and its initiatives in combating red tape for investors.
The Star Online

Malaysia seizes 300kg of pangolin scales
Malaysian customs officers have seized almost 300 kilograms of pangolin scales being smuggled through the main airport, officials said on Tuesday.
The Independent

Housing Loan Approvals High Amongst First-Time Borrowers
The biggest hurdle faced by most homebuyers is the inability to obtain a housing loan, leaving many in despair.

PublicInvest Research keeps VS Industry as Outperform
PublicInvest Research is keeping its Outperform call for VS Industry as it continues to like the group’s growth proposition.
The Star Online

Malaysia to have joint air patrols with Indonesia, Philippines
Malaysia will soon launch joint air patrols with Indonesia and the Philippines to curb the increasing threats by the Islamic State militant group in the region, said Defence Minister Hishammuddin Hussein.
Free Malaysia Today 

SPAD steps up security measures for e-hailing passenger safety
The Land Public Transport Commission (SPAD) has made it compulsory for ’e-hailing’ service providers to submit their drivers’ records to it, effective June 16.
The Malay Mail Online 

PM: Govt foresees expenditure on retirees to surge to RM100b by 2050 due to longer life expectancy
The government has projected that its expenditure on retirees will increase to a whopping RM100 billion by 2050 due to the trend of life expectancy among Malaysians increasing from 75 to 85 years, said Prime Minister Datuk Seri Najib Razak.
The Malay Mail Online 

KLCI ticks up in line with regional markets
The FBM KLCI ticked up in early trade this morning, in line with the regional markets that trended higher, lifted by select blue chips including Genting-related stocks.
The Edge Markets 

Genting Malaysia price to inch up in near term, says HLIB Research
Hong Leong IB Research said Genting Malaysia Bhd’s (GenM) share prices slid 13.1% from 52-week high of RM6.38 (May 25) to a low of RM5.54 (June 13) before creeping up to end at RM5.63 yesterday, mainly driven by: 1) A sluggish 1Q17 results; 2) The recent 3.9% m-o-m slump of pound sterling against ringgit as its UK’s leisure & hospitality business accounted about 10-15% of EBITDA; 3) The earlier-than-expected tourism tax (to be imposed as early as Aug 17) and 4) Potential delays in the opening of new amenities of Genting Integrated Tourism Plan (GITP).
The Edge Markets 

RM125 airport carpark fee hits traveller hard
A READER has complained that the parking rate at the open carpark of Sultan Abdul Aziz Shah Airport in Subang is exorbitant.
New Straits Times 

Hotel tax in wake of 1MDB imbroglio, what’s next?
The last laugh is with Sarawak Tourism, Arts, Culture, Youth and Sports Minister Abdul Karim Rahman Hamzah, not with you, Tourism and Culture Minister Nazri Abdul Aziz, despite your senior service.

Malaysian palm oil/Vegoils: Market factors to watch Wednesday June 14
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jue 14
The Star Online 


Feature photo Davidlohr Bueso
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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