Malaysia Morning News For June 19

UMNOs Support For Hudud in Kelantan a Shrewd Najib Strategy
Attempts to amend Malaysia’s 1965 Criminal Jurisdiction Act, or RUU 355, have divided the country for more than two years now.
— AEC News Today

ADB-Bank of Thailand pilot project leverages online social networks to promote financial literacy for youth on first job
Gen Y (born between 1980 and 1995) in Thailand is spending is up to 80% of their income. 50% of Gen Y do not have savings, while 48% of them are unable to pay their debt on time. For an estimated 45%, spending exceeds income. There is rise in the levels of debt delinquency.
— Open Gov

Advancecon listing to raise RM56.7mil
Advancecon Holdings Bhd, which is en route to a listing on the Main Market of Bursa Malaysia on July 10, is raising gross proceeds of RM56.7mil from its initial public offering (IPO) price of 63 sen per share.
— The Star Online

MRT SBK tunnelling churns RM4.8B contracts for SMEs
THE tunnelling or underground works of the country’s first mass rapid transit (MRT) from Sungai Buloh to Kajang has not only set a milestone in the construction technology landscape but has also created a whole new ecosystem for small and medium enterprises (SMEs) to be involved and gain valuable experience in this multi-billion ringgit project.
— The Star Online

UAE fund to buy stake in hotel group from 1MDB-linked Low
UAE state fund Mubadala Development Co PJSC is in talks with the US Department of Justice for approval to buy the rest of the partially-owned Viceroy Hotel Group from Jho Low, a financier linked by prosecutors to Malaysia’s 1MDB corruption scandal, the Financial Times reported on Sunday.
— Free Malaysia Today

FBM KLCI seen to revisit record high
The current rally in the FBM KLCI is expected to continue as the election drumbeat gets louder coupled with the strengthening of the ringgit.
— The Edge Markets MY

Thais seize assets worth millions from M’sian drug suspect
Following arrest of alleged middleman for drug syndicates in April, authorities take over assets across various cities in Thailand.
— Free Malaysia Today

GST on more than 60 food items from July 1
More than 60 types of food items will have the Goods and Services Tax (GST) imposed on them starting July 1.
— The Star Online

Malaysia Airlines nears A330Neo deal although price is a sticking point
Malaysia Airlines Bhd has held discussions with Airbus SE about the purchase of A330neo wide-body jets but has so far been unable to agree a price for the planes.
— The Star Online

Malaysia calls on US to publicly name 1MDB complainants
The United States Department of Justice (DoJ) must publicly name the complainants in its investigations on money misappropriated from state fund 1Malaysia Development Berhad (1MDB), said Minister in the Prime Minister’s Department Abdul Rahman Dahlan. He also suggested that the case was triggered by individuals with an agenda against the government.
— Today Online

Malaysian ambassador to Turkey Abd Razak Abdul Wahab: Malaysia will help Turkey tackle FETÖ threat
Malaysian Ambassador to Ankara Abd Razak Abdul Wahab said Malaysia and Turkey are on the right path toward a more comprehensive and strategic partnership, while adding that such partnership will certainly mutually benefit both sides.
— Daily Sabah

Govt will apply to declare Malaysia free of bird flu if no new cases in nine days time
The government will apply to the World Health Organisation (WHO) to declare the country free of bird flu (H5N1 virus) in nine days’ time if no new cases of H5N1 are detected, according to Veterinary Services Department director-general Datuk Dr Quaza Nizamuddin Hassan Nizam.
— Malay Mail Online

Shoplifters in Malaysia use aluminium foil-lined bags to avoid detection
Shoplifters have become creative with special bags lined with aluminium foil to avoid detection at the cash counter.
— The Straits Times

KLCI edges up marginally, gains seen capped
The FBM KLCI edged up marginally in early trade this morning in line with the modest gains at most regional markets, but gains were seen limited.
— The Edge Markets MY

PM Wants Players In Creative Fields To Instill Humanitarian Values In Society
Prime Minister Datuk Seri Najib Tun Razak wants players in the creative fields to cooperate with the government in instilling humanitarian values in their works towards moulding a society that is in line with the National Transformation 2050 (TN50) vision.
— Bernama

‘By ignoring 1MDB, MACC setting dangerous precedent’
The Malaysian Anti-Corruption Commission’s (MACC) reluctance to probe 1MDB because it is currently a police matter has cast doubts on their independence, said Bukit Gelugor MP Ramkarpal Singh.
— Malaysiakini

Malaysian palm oil’Vegoils: Market factors to watch Monday June 19
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday June 19.
— The Star Online

CIMB offers 30-day paid paternity leave
CIMB Bank Bhd has announced enhanced paternity leave benefits to enable fathers to spend more time with their firstborn, and share parental responsibilities in welcoming their new baby into the world.
— The Star Online

Gov’t urged to distribute revenue from TTx in fair manner
The Federal government has been urged to distribute the revenue from the Tourism Tax (TTx) collected to the state government based on the number of registered accommodations instead of exercising a blanket distribution by region.
— New Straits Times

Feature photo John Ragai
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 June 19 added by Stella-maris Ewudolu on June 19, 2017
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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.