Malaysia Morning News For September 1

Malaysia Morning News For September 1

Malaysia morning newsMalaysia calls on Pyongyang to stop missile launches and suspend nuclear, ballistic missile programmes
Malaysia has called on North Korea to stop missile tests and suspend its nuclear and ballistic missile programmes.
— New Straits Times

Malaysia still top property hotspot for China
Malaysia remains a top property hotspot for the Chinese even though overseas real estate investment by this group slumped by 82.1% in the first half of 2017, according to the PropertyGuru website.
— Free Malaysia Today

Najib: Govt does not want to waste time staving off allegations
Prime Minister Datuk Seri Najib Razak delivered his Merdeka Message in a unique way – an informal townhall meeting named ‘Negaraku Merdeka Bersama Perdana Menteri’ held here recently.
— The Edge Markets

Chinese flood Johor in Malaysia to invest in US$100b ‘eco city’ billed as the ‘next Shenzhen’
Lured by its proximity to Singapore, investors from China are making a beeline for southern Malaysia, where an ambitious US$100 billion real-estate development called Forest City is changing the face of the landscape
— Post Magazine

Thailand seizes 136 live pangolins smuggled from Malaysia
Thai customs officers have confiscated 136 live pangolins, the world’s most poached animal, and 450kg of pangolin scales worth 2.5 million baht (RM320,805), officials said on Thursday.
— The Star Online

World #QuranHour programme attracts 3,000 participants
The World #QuranHour programme held at International Islamic University Malaysia (IIUM) attracted some 3,000 participants from 50 countries.
— The Star Online (Video)

The Plight of Rohingyas in Malaysia
On August 30, 2017 a group of ethnic Rohingya protesters descended on the Myanmar embassy in Kuala Lumpur to deliver a memorandum protesting the recent spike in violence in the Rakhine state by Myanmar’s forces.
— The Diplomat

Stronger confidence to push economy ahead
Malaysia’s business confidence is expected to be stronger in the third quarter of 2017 (3Q17), with overall business performances in 3Q17 expected to advance more than triple compared to the same period last year.
— The Borneo Post

Malaysia enters next growth frontier: UOB
Malaysia, which celebrated its 60th Independence Day yesterday, has entered its next growth frontier, underpinned by a new economic model that leverages on its core strengths, according to United Overseas Bank (Malaysia) Bhd economist Julia Goh.
— The Sun Daily

Overseas projects to boost IOI Properties in FY18
Overseas projects will remain a key driver for IOI Properties Group Bhd’s (IOI) sales in its financial year 2018 (FY18).
— The Borneo Post

SNC Lavalin secures Malaysia hydropower contract
SNC-Lavalin has been awarded an engineering and design contract by private energy company Gunung Hydropower for the 10 MW Pulau Temelong hydroelectric project in Malaysia.
— PEi

1MDB makes payment to restore faith in Malaysia state securities
Malaysia’s troubled state-investment fund 1Malaysia Development, or 1MDB, said on Wednesday it had paid the second part of a missed instalment to Abu Dhabi’s International Petroleum Investment Company.
— The Australian Business Review

Google Doodle Celebrates 60 Years of Malaysian Independence
Google celebrates Malaysia’s 60th National Day — a date known in Malay as Hari Merdeka, or the day of liberation — with a new doodle Thursday bearing the nation’s flag.
— Time

AJ Biologics Malaysia to help Pakistan province fight dengue
AJ Biologics Malaysia, a member of the Aljomaih Group based in Saudi Arabia, is collaborating with the government of Kybher Pakhtunkwa, Pakistan, to help manage and contain the current dengue outbreak within the North Western Pakistani province.
— The Sun Daily

Supermax’s FY17 hit by higher tax rates
Supermax Corporation Bhd’s (Supermax)financial year 2017 (FY17) came below expectations, due to higher-than-expected effective tax rate, analysts observed.
— The Borneo Post

Decent growth for Bank Islam, pushed by takaful
BIMB Group Holdings Bhd recorded growth in its profit before zakat and tax (PBZT) of 2.3 per centyoy to RM367.8 million due to growth in business activities.
— The Borneo Post

Petronas said to consider bid for stake in Daewoo E&C: Maeil
Malaysia’s Petronas considering possible bid for 50.75% stake in Daewoo Engineering which Korea Development Bank owns, Maeil Business Newspaper reports, citing unidentified people in investment banking industry.
— The Edge Markets

UMW’s 1H17 earnings garner mixed views
UMW Holdings Bhd’s (UMW) first half of 2017 (1H17) earnings have garnered mixed views, either coming within or slightly below expectations.
— The Borneo Post

Sacrificing for Malaysia’s prosperity: A migrant’s story for Hari Raya Korban (VIDEO)
Sickened by the lopsided portrayal of migrant workers in Malaysia, Amir Muhammad decided that it was time people got a closer look at the daily lives of the foreigners helping to build this country by taking on the unwanted jobs.
— Malay Mail Online

Is the Malaysian Indian Blueprint headed for failure?
If the Malaysian Indian Blueprint is to succeed, it must be re-assessed to include all sections of the Indian population, and not just the Hindus.
— Free Malaysia Today

Colossal caves, talismanic tigers, great apes and some of the world’s best beaches – 16 fine facts about Malaysia
Hang out the bunting, light a few candles on the freshly-iced cake and prepare some sort of tickertape shower in a civic context – today (August 31) is Independence Day in Malaysia.
— The Telegraph


Feature photo Christopher Crouzet
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 by AEC News Today is your one stop source for Malaysia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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