Malaysia Morning News For June 28

Investors upbeat about Malaysian property
Despite the less-than-stellar performance of many listed property companies during the recent corporate earnings season, investor confidence in local property stocks has actually been steadily increasing this year.
— The Star Online

Malaysia climbs out of Tier 2 watch list in US human trafficking chart
Malaysia has slightly upgraded its position in the United States annual Trafficking in Persons (TIP) report released last night, climbing out of the Tier 2 Watch List.
— The Malay Mail Online

International Energy Agency to set up global exchange hub
The International Energy Agency (IEA) will set up a global exchange hub for energy efficiency to share policies, insights and best practices.
— The Edge Markets

AirAsia X aims for good numbers in Asean region
AirAsia X Bhd (AAX), the long-haul arm of AirAsia Bhd, remains confident of generating better financial numbers in the Asean region in the second half of the current year, although a weak ringgit and higher fuel costs pulled the no-frills airline back to losses in the first quarter ended March 31, 2017 (1QFY17).
— The Edge Markets

MMEA Sets Up Task Force To Investigate Hijacking Of Thai Oil Tanker
The Malaysian Maritime Enforcement Agency (MMEA) has set up a special task force to investigate the attack on a Thai oil tanker by a group of pirates in waters off Kuantan on Friday.
— Malaysian Digest

Pg BN raps DAP excos for conflicting tunnel project info
Two DAP state executive councillors (excos) have issued contradictory statements over the three major roads linked to the Penang undersea tunnel project, a BN state assemblyperson says.
— Malaysiakini

More options with liberalisation of motor insurance
Beginning July 1, a new policy on motor insurance coverage comes into effect, giving Malaysians more choices as Bank Negara Malaysia (BNM) introduces flexible pricing for comprehensive and third-party fire and theft insurance products.
— Free Malaysia Today

Malaysia’s Industry 4.0 initiative slow on uptake
Malaysia’s embracing of Industry 4.0 — the digital transformation of the manufacturing sector — appears to be slow on the uptake as industry players grapple with funding issues, mindset shift and low expertise.
— The Edge Markets

Career programme helps Selangor folk venture into business
Kumpulan Perangsang Selangor Bhd encourages the people of Selangor who desire to venture into business or seek employment to join the Rangsangan Kerjaya Rakyat Selangor (RKRS) career programme under its jurisdiction.
— The Borneo Post

Penang Umno questions state gov’t sidelining JKR over mega project
Penang UMNO today questioned why the DAP-led state government was reluctant to work with the Public Works Department (JKR) and rushed into paying RM209 million in consultancy fees for three landed highways linked to an undersea tunnel project.
— New Straits Times

Appoint transport expert to head SPAD, taxi boss urges PM
Big Blue Taxi founder Shamsubahrin Ismail has urged Prime Minister Najib Razak to appoint a transport industry expert to head the Land Public Transport Commission (SPAD), instead of career politician Isa Samad.
— Free Malaysia Today

Food wastage a year-round disease
Food wastage is like a disease for which there is no panacea. Sometimes it flares up, at other times it is manageable.
— Free Malaysia Today

PKR rep urges Sarawak, Sabah to seek judicial review against tourism tax
Sarawak and Sabah should seek a judicial review against the controversial tourism tax as a last resort if Putrajaya insists on including tourism under federal jurisdiction, Sarawak PKR vice-chairman See Chee How suggested today.
— The Malay Mail Online

Teenage AirAsia X passenger defends airline and pilot in viral FB post
An Australian passenger onboard AirAsia X flight D7237 has defended the low cost carrier and the pilot against critics, saying that they should be praised and not blamed for the incident.
— The Star Online

Relative Strength Review: Taking a Look at Shares of Malaysia Pro-Guardia (MPGS)
Relative strength is a momentum-investing technique that compares the performance of a commodity to that of the overall market. When using specific calculations, traders and investors can target the strongest performers as compared to the market overall, thus creating investment recommendations. Relative strength assumes a stock whose price has been rising will continue to rise.
— Nelson Research

Sixt Partners With Malaysia Airlines
Sixt and Malaysia Airlines have announced a global partnership that will offer customers 500 frequent flyer miles for each Sixt car rental booking.
— Auto Rental News

Tony Fernandes sings praises of AirAsia X pilots
AirAsia Group CEO Tan Sri Tony Fernandes has lauded the pilots and crew of AirAsia X flight D7237 for their “heroic job” in bringing all 359 people on board to safety.
— The Star Online

AffinHwang Capital raises target price for Gamuda to RM5.94
AffinHwang Capital Research has maintained its “Buy” rating on Gamuda Bhd at RM5,45 with a highre target price of RM5.94 (from RM5.70) and said Gamuda’s 9MFY17 result made up 71% of house previous FY17E forecast.
— The Edge Markets

NCSW: Source correct information on food, cancer
Of late, there are numerous shares on social media on so-called healthy food and diet that should be practised to prevent cancer.
— 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 June 28 added by Leakhena Khat on June 28, 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.