Malaysia Morning News For June 15

Malaysia Morning News For June 15

Malaysia morning news

Malaysia initiates special palm oil mission to EU
Malaysia initiated a special palm oil mission to the European Parliament in Strasbourg, France, on June 12-13 to discuss the European Union’s (EU) resolution on palm oil and deforestation.
The Star Online 

Bank Mandiri to open first branch in Malaysia
Bank Mandiri, Indonesia’s leading commercial bank, will be opening its first branch in Malaysia within the next few months.
The Star Online

China Construction Bank enters Malaysia with deals
China Construction Bank (CCB) has been granted a banking licence in Malaysia, becoming the third Chinese lender to open in the country.
Global Trade Review 

Fuel prices down, RON95 now below RM2 mark
Fuel prices across the board are down for a third consecutive week as global crude oil prices continue on a downward trend.

Uber, Grab remain preferred mode of transport
It will continue to be a smooth ride for both Uber and Grab, despite a few cases involving passenger safety cropping up lately.
Free Malaysia Today

CIMB Research raises target price for Bison to RM2.28
CIMB IB Research has downgraded Bison Consolidated Bhd at RM2.33 with a higher target price of RM2.28 (from RM2.07) and said Bison’s 1HFY10/17 core net profit came in line with house and the market’s expectations, making up 51% and 53% of full-year forecasts, respectively.
The Edge Markets

Malaysia’s Mahathir: China would be better fit for TPP than US
The exit of the U.S. from the Trans-Pacific Partnership will pave the way for a more “equitable” deal for Asian countries, according to Malaysia’s still-influential former Prime Minister Mahathir Mohamad.
Nikkei Asian Review 

Benzoyl peroxide in wheat flour safe for consumption
The health ministry has given the assurance that the use of bleaching agent benzoyl peroxide in wheat flour and food, is safe and permitted according to Food Regulations 1985 under the Food Act 1983.
Free Malaysia Today 

Hotel tax row is really over how money is to be spent
Soon after the March 2008 general election, newly-minted Tourism Minister Azalina Othman cut ties between the federal-funded Penang Tourism Action Council (Petac) and the state government by cancelling the memorandum of understanding (MoU) signed in 2001.

Petronas Commits To High Governance Standards
Petronas’ leadership team, led by president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin yesterday signed the Malaysian Anti-Corruption Commission’s (MACC) Corruption-Free Pledge (CFP), strengthening the company’s resolve towards becoming a graft-free organisation.
Malaysian Digest 

IRB Collected 35 Per Cent Of Targeted Taxes As Of May 31
The Inland Revenue Board (IRB) has collected about 35 per cent in the targeted RM127.7 billion tax collection for this year as of May 31, said its chief executive officer Datuk Sabin Samitah.
Malaysian Digest 

CIMB Research downgrades Berjaya Food to reduce, lower target price
CIMB Equities Research has downgraded Berjaya Food to reduce with a lower target price of RM1.38 from RM1.76 as its upside is limited due to rich valuations.
The Star Online 

Astro dips 1.11% after 1Q earnings slip 3.14%
Shares of Pay TV service provider Astro Malaysia Holdings Bhd dipped 1.11% in thin trade this morning after its net profit for the first quarter ended April 30, 2017 (1QFY18) slipped 3.14% to RM195.8 million from RM202.2 million last year on reduced earnings before interest, tax, depreciation and amortisation (EBITDA), and rise in net finance costs.
The Edge Markets 

Southern Acids may trend higher, says RHB Retail Research
RHB Retail Research said Southern Acids Bhd may trend higher after it breached above the RM4.60 threshold.
The Edge Markets 

Malaysian ambassador to Chile beaten up and robbed
“I was hit by baton, kicked and they almost stabbed my stomach,” said Malaysian Ambassador to Chile Datuk Dr Mohamad Rameez Yahaya, 48, referring to the incident when his official residence in Las Condes, Santiago, was broken into on Monday.
The Malay Mail Online 

University receives over 30,000 applications for coming intake
Universiti Kebangsaan Malaysia (UKM) is the top choice among those applying for a place at public universities this year, said vice-chancellor Prof Datuk Dr Noor Azlan Ghazali.
The Star Online 

MMEA beefs up patrols along coast
Some 3,500 Malaysian Maritime Enforcement Agency (MMEA) personnel will be on duty during Ramadan and Hari Raya Aidilfitri to safeguard Malaysian waters.
The Star Online 

Implement Pathology Lab Act, says MMA
The Pathology Laboratory Act 2007 – passed 10 years ago – must be quickly implemented to stop indiscriminate and unnecessary blood screening tests which often created false alarms and sometimes harm.
The Star Online 

Trend Strength Monitor For Ishares Msci Malaysia (EWM)
Looking at shares from a technical standpoint, Ishares Msci Malaysia (EWM) presently has a 14-day Commodity Channel Index (CCI) of 141.58. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. well.
The Standard

China money too big to ignore for Malaysia’s top fund manager
With Malaysia’s stocks near a two-year high, one top fund manager expects the market
Gulf Times 


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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