Malaysia Morning News For July 2

Malaysia Morning News For July 2

Malaysia morning newsTask force probes RM600 million in Umno’s bank accounts
Investigators have been trying to prove the money trail of the alleged RM600 million (5 billion baht) deposited in Umno’s bang accounts came from 1Malaysia Development Bhd (1MDB), according to an exclusive report of New Straits Times Online on Saturday.
— Thai PBS

Malaysians outraged over reports of child marriage
Reports of marriage between a 11-year old girl and a man 30 years her senior sparked an uproar in Malaysia on Saturday, reigniting debate on the subject of underage marriage in the Muslim majority country.
— Reuters

Sarawak gives oil & gas firms until end-March 2019 to obtain licences
The Sarawak State government said today oil and gas players operating in the state could go about their business as usual until the end of 2019, as it gathers “the necessary information from all industry players, as well as more detailed and comprehensive engagement with them”.
— The Sun Daily

Najib And Rosmah – ‘Over RM100 Billion’ Stashed In Foreign Bank Accounts
The decision of the Malaysian people to vote in Harapan with a reform agenda on May 9th in many ways seemed to close a chapter on past misdeeds.
— Sarawak Report

Malaysia cracks down on illegal workers
Malaysia’s immigration police yesterday detained 51 people, including 38 Bangladeshis, in a crackdown on irregular foreign workers.
— The Daily Star

AirAsia expands network in Penang with two international flights
AirAsia Bhd (AirAsia) marked another milestone as it celebrated two international inaugural flights from Hanoi, Vietnam and Phuket, Thailand, into its Penang hub at the Penang International Airport.
— The Borneo Post

Malaysia’s Former Ruling Party Veers Right on Religion and Race
The party that ruled Malaysia for more than 60 years until a humiliating election defeat linked to the 1MDB scandal selected a new leader to replace former Prime Minister Najib Razak and to rebuild support among the ethnic Malay Muslim majority.
— Wall Street Journal

Kuala Lumpur and Jakarta to counter anti-palm oil campaigns in Europe
Malaysia and Indonesia will enhance efforts to counter the negative European campaign towards the palm oil industry.
— New Straits Times

S&P reaffirms Malaysia’s ratings, outlook stable
S&P Global Ratings has reaffirmed Malaysia’s foreign currency and local currency ratings as “stable”, indicating it may raise the ratings over the next 24 months if the strong economic performance continues.
— The Star Online

Malaysia to amend, repeal laws that restrict people’s freedom: PM Mahathir Mohamad
The National Security Council Act (NSC) 2016 is among the laws currently being reviewed for possible amendment or repeal, says Malaysia Prime Minister Mahathir Mohamad.
— The Straits Times

MACC, EC to operate as independent bodies
Local media reports some big changes expected in the Prime Minister’s Department.
— New Straits Times

Singapore open to security cooperation with Malaysia at sea
Singapore welcomes Malaysia’s suggestion of security cooperation in the waters around the once-disputed Pedra Branca and Middle Rocks, and is keen to explore joint patrols or search-and-rescue missions.
— The Straits Times

Testing time for Petronas
THE Sarawak government is expected to enforce the Oil and Mining Ordinance 1958 (OMO 1958) tomorrow after Petroliam Nasional Bhd (Petronas) was denied leave to commence legal proceedings to seek a declaration on the Petroleum Development Act 1974 (PDA) being the law applicable for the petroleum industry in Malaysia.
— New Straits Times

Some Malaysian agencies now report directly to Parliament
A number of Malaysian agencies have begun operating from yesterday as entities independent of the Prime Minister’s Department, and will instead report directly to Parliament.
— The Straits Times

Hong Leong MSIG Takaful to exit general business
Hong Leong MSIG Takaful Bhd (HLMT) will cease to be a composite licensed takaful operator with effect from Sunday, July 1 under 2018 its internal streamlining exercise.
— The Star Online

No decision on extension as CIMB Group chairman, says Nazir
CIMB Group chairman Datuk Seri Nazir Razak said his current term as chairman will end in August 2019, and he has not decided whether to seek an extension.
— New Straits Times

Astro not a GLC, Rohana’s resignation part of succession plan
Astro Malaysia Holdings Bhd has categorically stated it is not a government-linked, state-owned or state-linked company and the resignation of its group CEO Datuk Rohana Rozhan is part of a succession plan.
— The Star Online

PetDag eyes 20pc rise in Mesra card membership
Petronas Dagangan Bhd (PetDag) is eyeing a 20 per cent increase in Mesra card membership by year-end, driven by the overwhelming response to its Mesra Bonanza campaign that ended in December last year.
— New Straits Times

Your warships can pass, but don’t stay, Malaysia tells China, US
Malaysia has told Washington to ensure the South China Sea is free of warships, amid escalating military tension between the United States and China in the resource-rich waters.
— Free Malaysia Today

‘TM can withstand potential broadband price reductions’
RAM Ratings says its initial assessment shows that Telekom Malaysia Bhd’s (TM) ratings can withstand potential broadband price reductions.
— The Borneo Post

 

Feature photo Michael Coghlan

 

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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