Malaysia Morning News For July 11

Malaysia Morning News For July 11

Malaysia morning newsMalaysia’s plan to produce an Asean car potentially revived
Proton parent DRB-HICOM Bhd said it was studying the proposed collaboration between Malaysia and Indonesia to produce an Asean car.
— New Straits Times

Malaysia’s indecision over HSR will hit its taxpayers hardest
Malaysia’s indecision over the Kuala Lumpur-Singapore High Speed Rail (HSR) will hurt its taxpayers in the long run, said the Straits Times (ST) in an op-ed piece today.
— The Edge Markets

Singapore-Malaysia relations: Both countries must fully respect sanctity of international agreements, says Dr Balakrishnan
Speaking in Parliament on the issue, Minister for Foreign Affairs Vivian Balakrishnan also added that Singapore will fully honour the terms of the 1962 Water Agreement and expects Malaysia to do the same.
— Channel NewsAsia

Time To Clear Out The Police Force To Create The New Malaysia
The word ‘service’ needs to return to its proper meaning in Malaysia’s Police Service. Years of endemic corruption have allowed for the wrong people to rise to the top and for little Hitlers to flourish in the lower ranks.
— Sarawak Report

Malaysia’s monthly trade figures resume its volatility
Malaysia’s monthly external trade figures are expected to continue its volatility influenced by the base and calendar effects as well as the impact of zero per cent goods and services tax (GST) rate on imports.
— New Strait Times

Malaysian employees fear losing their jobs in digital age
More than two in five Malaysian employees (43%) feel their jobs are at risk due to an increasingly digital economy, according to Workday.
— HRD

Petronas must comply with Sarawak’s laws, says Awang Tengah
Sarawak has strengthened its regulatory control over exploration and prospecting for petroleum and mining with the passing of the Oil Mining (Amendment) Bill 2018 at the state legislative assembly sitting here on Tuesday.
— New Straits Times

Malaysia Won’t Bow to Pressure to Send Muslim Preacher to India: PM
Malaysia’s new government will not give in to calls to hand over an Indian Muslim preacher wanted by New Delhi for alleged extremist-related activities, Prime Minister Mahathir Mohamad told reporters Tuesday.
— Benarnews

Saudi, UAE executives face probe over Malaysia’s 1MDB scandal
Swiss Attorney General Michael Lauber says up to $7bn in funds flowed through 1MDB state-own fund in Malaysia.
— Aljazeera

Malaysian man who married 11-year-old Thai girl fined $450 by sharia court
A Malaysian man who married an 11-year-old Thai girl has been fined 1,800 Malaysian Ringgit (US$450) after pleading guilty in a sharia court.
— The Guardian

Malaysian palm oil price hits 2-year low on weaker Dalian oils, stronger ringgit
Malaysian palm oil futures fell more than 1 percent to a two-year low on Tuesday, hurt by weaker oils on China’s Dalian Commodity Exchange and a firmer ringgit.
— The Star Online

Malaysia’s stand on CPTPP to be made clearer soon
The Malaysian government’s stand on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be finalised by the Cabinet soon.
— New Straits Times

MoF Inc appoints new exco for Suria Strategic Energy Resources
Minister of Finance Inc (MoF Inc) has appointed a new executive committee (exco) which includes newly appointed 1Malaysia Development Bhd (1MDB) chairman Datuk Asri Hamidon, for its subsidiary Suria Strategic Energy Resources Sdn Bhd (SSER).
— The Sun Daily

S’gor identifies Port Klang as ideal location for next DFTZ
The Selangor state government has identified Port Klang as an ideal location for the next Digital Free Trade Zone (DFTZ), which could improve the ranking of the second largest container port in ASEAN, said State Senior Executive Councillor, Datuk Teng Chang Kim.
— New Straits Times

Malaysia: Time to Pay the Chinese Piper?
As Malaysia begins negotiations with China over billions of dollars of Chinese-led public service projects, the outcome will be a litmus test of Beijing’s Belt and Road Initiative (BRI), which is designed to develop infrastructure across 70 countries.
— Asia Sentinel

US Sanctions Malaysia-Based Agent Over Link With Iranian Airline
he US Treasury Department has slapped sanctions on a Malaysia-based sales agent for having links with Mahan Air, an Iranian airline blacklisted by Washington.
— Financial Tribune

Bank Muamalat targets 20% growth in gold business this year
Bank Muamalat Malaysia Bhd is targeting 20% growth in its gold business this year with sales of RM110 million, said CEO Datuk Mohd Redza Shah Abdul Wahid.
— The Sun Daily

MAHB records year’s highest percentage traffic growth in June
Passenger traffic at airports under Malaysia Airports Holdings Bhd (MAHB), including the Istanbul Sabiha Gokcen International Airport (SGIA), increased 9.5 per cent year-on-year to 11.2 million in June, the highest growth for the year.
— New Straits Times

Finance Ministry wants cost of LRT3 to be reduced by ‘much more than RM6 billion’
The Finance Ministry said it will not support additional funding for the 37km Light Rail Transit Line 3 (LRT3) unless Prasarana Malaysia Bhd cuts the cost of the project which, it is forecast, could soar to as high as RM31.45 billion.
— The Sun Daily

Malaysia-China relations to continue on mutual benefit
Malaysia would continue to have good relations with China as both countries have the potential to collaborate in various sectors that would mutually benefit each other.
— The Borneo Post

Formal request sent to Macau to arrest Jho Low: Malaysia police chief
The Royal Malaysia Police (PDRM) have sent a formal request to Macau authorities requesting the arrest of Low Taek Jhow and are now waiting for their response.
— Channel NewsAsia

Shell recognises partners at Shell Malaysia Safety Awards 2018
Shell Malaysia recognises the safety efforts of its business partners and contractors for their top safety leadership during the 11th Shell Malaysia Safety Awards held towards the end of June.
— The Borneo Post

DRB-Hicom studying Proton-Indonesia joint venture
DRB-Hicom Bhd is studying the proposed collaboration between Malaysia and Indonesia to produce an Asean car.
— The Sun Daily

France continues to eye investment opportunities in Sarawak
France is keen on furthering its investments in Sarawak as it keeps its eyes on updates from the state’s projects, says the Ambassador of France to Malaysia, Frederic Laplanche.
— The Borneo Post

 

Feature photo Andrew H

 

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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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