Malaysia Morning News For July 30

Khazanah’s mass resignation unlikely to affect equity market
The resignation of the entire Khazanah Nasional Bhd’s board members will likely not have any impact on the local equity market as it is mainly influenced by regional bourses, said Hermana Capital Bhd Chief Executive Officer and Chief Investment Officer Datuk Dr Nazri Khan Adam Khan.
— New Straits Times

Alibaba Cloud continues to invest in Malaysia
ALIBABA Cloud, the cloud computing arm of Alibaba Group, announced the launch of their second availability zone (Availability Zone B) in Malaysia to expand its cloud footprint and bolster its cloud capacity, serving increasing customer demand locally and in the region.
— Digital News Asia

Malaysia offers Indonesia aid after earthquake
MALAYSIA is offering assistance in search and rescue (SAR) operations as well as for rehabilitation for victims following the earthquake in West Nusa Tenggara and Lombok today.
— The Malaysian Insight

Chinese foreign minister’s visit set to deepen China-Malaysia ties
The upcoming two-day visit by China’s Foreign Minister and State Councillor Wang Yi to Malaysia symbolises the country’s sincerity to deepen friendship and bilateral ties with Malaysia.
— The Edge Markets

RAM upgrades retail sector outlook to stable after two years
RAM Ratings has revised the negative outlook for the local retail sector after almost two years, as the sector is seen as a key beneficiary of the upbeat consumer sentiment after the 14th general election in May.
— The Sun Daily

Lack of women leaders at the highest management levels of Malaysia’s top eCommerce platforms
On May 21, 2018, Malaysia made history as Dr Wan Azizah was officially made as the first women in Malaysia and one of very few female leaders in Southeast Asia to be sworn in as a deputy prime minister.
— The Borneo Post

Axiata secures strategic RM81.22 mill investment from Sumitomo Corp
Axiata Digital Sdn Bhd’s integrated digital advertising business unit, ada (analytics. data. advertising) has secured US$20 million (RM81.22 million) from Sumitomo Corp to fund its first external investment in Southeast Asia.
— New Straits Times

‘Future-proofing’ CIMB
CIMB Group Holdings Bhd has mapped out strategies for the banking group to embrace the fourth industrial revolution (4IR) at a time when the financial landscape is undergoing rapid digital transformation.
— The Star Online

Malaysia Foreign Affairs Minister to make introductory visit to Singapore: MFA
Malaysia’s Minister of Foreign Affairs Saifuddin Abdullah will make his introductory visit to Singapore from Jul 30 to 31.
— Channel NewsAsia

After years of investigations, the MH370 mystery will be laid to rest with a final report
THE MH370 mystery is finally about to be laid to rest.
— News

Malaysian students going to Singapore schools should take extra precautions
Malaysian students commuting daily to schools in Singapore have been advised to take extra precautions and observe hygiene due to HMFD cases in Malaysia.
— The Star Online

How Grab’s M’sian CEO steered it out of a garage in KL into a US$10 billion company
Anthony Tan knew it was not going to be your usual business meeting when the taxi fleet boss he had arranged to meet in the Philippines entered the restaurant surrounded by burly bodyguards.
— New Straits Times

Blame game in LRT3 project
Syarikat Prasarana Negara Bhd and the project delivery partner (PDP) are blaming each other for the cost escalation in the Light Rail Transit 3 (LRT3) project.
— The Star Online

Chong to announce Sarawak ‘new deal’ for Cabinet MA63 committee
Sarawak Pakatan Harapan will announce a proposed ‘New Deal Agreement’ that will be brought to the special Cabinet committee to oversee the enforcement of Malaysia Agreement 1963 (MA63), said state PH chairman Chong Chieng Jen.
— FMT

Validation time for AmBank
Datuk Sulaiman Mohd Tahir seems to be a man in a hurry.
— The Star Online

Ivory Properties says Cheras apartments project is off
Ivory Properties Group Bhd has terminated a memorandum of understanding (MoU) with Taman Segar Management Corp and Upper Label Sdn Bhd for the redevelopment of apartments in Cheras, which would have marked its foray into the affordable housing segment in Kuala Lumpur.
— The Sun Daily

Samsung’s latest Galaxy J models now with Super AMOLED infinity display
The new additions to Samsung’s affordable Galaxy J series now boast an outstanding and vibrant colourful display that.
— The Borneo Post

Malaysia Stock Market Due For Consolidation
The Malaysia stock market has moved higher in five straight sessions, gathering almost 15 points or 0.8 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,770-point plateau although the rally may stall on Monday.
— Nasdaq

AVANI signs 2nd hotel in Malaysia
AVANI Hotels and Resorts (www.avanihotels.com) continues to expand the brand presence in Asia with an agreement with KTI Property Sdn. Bhd. to manage an AVANI hotel in Kota Kinabalu, the capital of Sabah, Malaysia.
— Saudi Gazette

A New Malaysia? #2: Media with Boo Su-Lyn & Zurairi AR
In this podcast, Dr Ross Tapsell, Director of the ANU Malaysia Institute, speaks with Boo Su-Lyn and Zurairi Abdul Rahman about what has and hasn’t changed about the way the media reports politics and policy after Malaysia’s 14th general election.
— New Mandala

Malaysia congratulates Philippines over Bangsamoro law enactment
Malaysia congratulated the Philippine government on the enactment of the Organic Law for the Bangsamoro Autonomous Region in Muslim Mindanao.
— New Straits Times

Allianz Malaysia partners with 11street to make insurance more accessible, affordable
Allianz Malaysia is embarking on a new partnership with online marketplaces, 11street. This collaboration aims to provide Malaysians with some peace of mind by offering protection that caters to our varying needs through the insurance products that are now available on the online shopping platform.
— The Borneo Post

Saving Malaysia’s last wild tigers – it’s now or never
In the span of just eight days this month, and with Global Tiger Day today, tiger parts have turned up in two raids in Malaysia.
— Malaysia Kini

Feature photo Craig Morey

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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.