Malaysia morning news for July 18

Malaysia morning news for July 18

Malaysia morning newsMalaysian’s Don’t Want Another National Car – Dr. M Disappointed
Malaysian Prime Minister Mahathir Mohamad showed disappointment in a blog post after many Malaysians seem to reject his idea of introducing a new national car besides the existing Proton and Perodua brands.
— Investvine

Singapore’s lead over Malaysia’s economy shrinking
Malaysia is inching closer to regaining its lead over Singapore’s economy after trailing for a third straight year.
— The Star Online

Retail sector growth revised higher to 5.3 per cent post-GE 14
Malaysia’s retail sector is estimated to chalk up a growth of 5.3 per cent after the 14th General Election and revised from an earlier estimate of 4.7 per cent, said Retail Group Malaysia (RGM) Sdn Bhd managing director Tan Hai Hsin.
— The Borneo Post

Malaysia to replace ‘embarrassing’ tourism logo
THE Visit Malaysia 2020 logo, which initially caused an online kerfuffle when it was announced, will be reworked.
— Asia Corespondent

China’s stalled investments to top agenda when Malaysian envoy visits Beijing, observers say
The resumption of stalled China-led infrastructure projects in Malaysia is likely to top the agenda when Kuala Lumpur’s special envoy meets Chinese leaders on Wednesday, according to diplomatic observers.
— South China Morning Post

AirAsia named the World’s Best Low-Cost Airline for the 10th year in a row
AirAsia has been named the World’s Best Low-Cost Airline for the 10th year in a row.
— New Straits Times

Axiata Group divests Multinet Pakistan for $1
Malaysia’s Axiata Group has divested its entire 89% stake in Pakistan wholesale fiber provider Multinet Pakistan for just $1, exiting the loss-making operation.
— Telecomasia

Malaysian palm oil price edges down on overnight soyoil losses
Malaysian palm oil futures edged down slightly at the close of trade on Tuesday, tracking overnight losses in soyoil, but remained largely range-bound as a weaker ringgit offset losses, traders said.
— The Star Online

Public consultation vital for policies, regulations: Miti deputy sec-gen
Public consultation and approval are vital to gather political support for any policies and regulations, said Ministry of International Trade and Industry deputy secretary-general Datuk Norazman Ayob.
— The Sun Daily

What’s Next for Malaysia-Philippines Relations Under Mahathir?
A closer look at the future prospects of ties under the new Malaysian government.
— The Diplomat

Chamber hopes for revival of EU-Malaysia free trade deal
The EU-Malaysia Chamber of Commerce and Industry (EUMCCI) is hopeful that the new Pakatan Harapan government will resume talks on the EU-Malaysia free trade agreement (FTA), which has taken a back seat for several years amid developments over the larger Trans-Pacific Partnership Agreement (TPP) in recent years.
— The Edge Markets

MH17: Malaysia resolute in pursuit to seek justice for victims
Malaysia is resolute in its pursuit to seek justice for the victims of the MH17 tragedy, said Transport Minister Anthony Loke Siew Fook said on Tuesday (Jul 17).
— Channel NewsAsia

Malaysian politician to sue over claims he sold Tan Sri titles and bought expensive properties
Tan Sri M. Kayveas, who is the disputed MyPPP president, will take legal action over allegations that he had sold titles and bought properties beyond his means.
— AsiaOne

From Sept. 1 tax on services at 6%, sale of goods 10%
The provision of services will be taxed at 6% under the reintroduced sales and services tax (SST), while the sale of goods will incur a 10% tax, said Finance Minister Lim Guan Eng.
— The Star Online

Malaysia’s June inflation rate seen easing after GST scrapped: poll
Malaysia’s annual inflation rate likely eased to 1.3 percent in June from 1.8 percent the previous month, thanks to the withdrawal of a goods and services tax (GST), a Reuters poll showed.
— Business Insider

Malaysia aims for 40 gold medals in 10th Asean School Games
Malaysia has targeted 40 gold medals in the upcoming 10th Asean School Games (ASG) that will be held for seven days starting July 20 in Klang Valley.
— The Sun Daily

Malaysia’s KWAP raising share of equities in asset mix
Malaysia’s Kumpulan Wang Persaraan is raising the share of equities in its investment mix as the state-run fund bets on potential boost to domestic technology plays from the ongoing Sino-U.S. tariff tussle.
— Nikkei Asian Review

India to impose import duty on solar cells, modules from Malaysia and China
India will impose a 25% duty on imports of solar cells and modules from Malaysia and China, a move the government says is designed to protect domestic manufacturers.
— The Sun Daily

Labuan IBFC posts positive growth in insurance sector
The Labuan International Business and Financial Centre (Labuan IBFC) continued to serve the region’s rapidly expanding insurance needs, with gross written premiums increasing by 2.2 per cent to US$1.4 billion.
— The Borneo Post

Malaysia has proven that diversity works, says Agong
The perception that Malaysia’s ethnic, religious and cultural diversity was a “recipe for disaster” is on the decline, Yang di-Pertuan Agong Sultan Muhammad V said.
— Malaysia Kini

SST simpler, has less impact on low-income group than GST: Lim
Finance Minister Lim Guan Eng, in defending the government’s decision to implement the Sales and Services Tax (SST) regime, promised that the structure will be simpler and tweaked to ensure that the impact on the lower income group will be proportionately less compared with the Goods and Services Tax (GST).
— The Sun Daily

MAHB partners with four global aviation players
Malaysia Airports Holdings Bhd (MAHB) has inked memorandum of understandings (MoUs) with four major aviation players at the Farnborough International Airshow (FIA) to position Malaysia as a global hub.
— New Straits Times

Awer calls for audits of all power projects awarded from 2011 onwards
The Association of Water and Energy Research Malaysia (Awer), which had consistently called on the Barisan Nasional government to abandon direct negotiations for power plant projects, has asked the Pakatan Harapan government to audit all approval processes and awards of power plant in KeTTHA, the Energy Commission and the Sustainable Energy Development Authority (Seda) from 2011 onwards.
— The Sun Daily

Tun Mustapha: Malaysia’s Conservation Experiment
One marine park in Malaysia is trying to find a collaborative solution to Southeast Asia’s environmental woes.
— The Diplomat

Ikea recruiting workers for Batu Kawan store in Penang
Swedish home furnishings retailer Ikea will hold a recruitment drive for its new store in Batu Kawan, Penang.
— The Star Online

 

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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