Malaysia Morning News For July 4

Malaysia Morning News For July 4
Estimated Reading Time: 5 minutes |

Malaysia morning newsMalaysia arrests ex-PM Najib Razak as ‘Mission Mahathir’ comes full circle
Malaysian police have arrested former prime minister Najib Razak a little more than a month after he lost the electoral battle against mentor-turned-foe Mahathir Mohamad.
— International Business Times

1MDB: Malaysia’s extraordinary financial scandal
Malaysia’s extraordinary 1MDB corruption scandal allegedly saw billions stolen from the country’s soverign wealth fund and spent on everything from Hollywood films to handbags.
— Yahoo News

Malaysia: Durian prices drop due to abundant supply
It has been an extraordinary season for durians in Malaysia. Fruiting is heavy according to orchard owner Arman Ishak, who said he had to tie the branches of the trees and put up netting so the fruits won’t fall on the ground.
— Fresh Plaza

Malaysia government to establish new regulations on child marriage
The Malaysian government will establish a standard operating procedure (SOP) for marriages involving minors, meaning such marriages would no longer be subject only to the consent of the court, chief minister or minister.
— Channel NewsAsia

Malaysia’s anti-graft agency says it won’t meet Jho Low in Dubai
Sorry Jho Low, we don’t do interviews in Dubai, come back to Malaysia to talk, says the Malaysian Anti-Corruption Commission (MACC).
— The New Paper

Malaysia’s East Coast Rail Link to cost US$20b, up 50% from estimates: Finance minister
Completing Malaysia’s biggest rail project as previously planned would cost US$20 billion, its finance minister said on Tuesday, nearly 50 per cent higher than estimates under the previous government.
— Channel NewsAsia

Malaysian Firm Plans to Ride Higher Oil Prices With $750 Million IPO
Malaysia’s largest oil and gas services company is planning to raise up to $750 million through an initial public offering of its exploration and production unit, in an effort to take advantage of the recent surge in global oil prices.
— Wall Street Journal

Malaysia’s opposition to seek coalition with Islamic party
Ahmad Zahid Hamidi, the newly elected leader of Malaysia’s biggest opposition party, is expected to seek an alliance with the country’s main Islamic party ahead of a new parliament session.
— Nikkie Asian Review

Govt to ensure strong policy framework for oil palm sector
The government will lay down a strong policy framework to further develop the oil palm industry and provide assistance, as well as a supporting environment, to ensure sustainable development alongside the industry’s competitiveness.
— New Straits Times

Affordable 30Mbps unifi below RM100 for poorer folks, others get free upgrade says Telekom
Telekom Malaysia Bhd (TM) will introduce an affordable entry level unifi @ 30Mbps for targeted B40 segment of the population.
— The Star Online

What Does Mahathir’s Visit Mean for Indonesia-Malaysia Relations?
The trip unsurprisingly saw some significant symbolism, but less in the way of substance.
— The Diplomat (paywall)

Malaysian exporters should leverage in US-China trade war
Malaysian exporters, especially palm oil producers, have been urged to take advantage of the current US-China trade war which may see the later facing difficulty in replacing its soybean supplies.
— New Straits Times

Hope for refugees in the new Malaysia?
Human rights defenders can only hope that democratic renewal and our own experience with political persecution will somehow translate into a more compassionate refugee policy.
— Free Malaysia Today

Sunway signs LPA to establish new venture capital fund
Sunway Bhd via wholly-owned subsidiary, Sunway City Sdn Bhd, today signed an Initial Exempted Limited Partner Agreement (LPA) to establish a new venture capital fund, Sun SEA Capital LP, with a proposed investment of US$5 million (US$1=RM4.05)
— New Straits Times

Lion Industries to acquire Megasteel assets and pay off its debts
Lion Industries Corp Bhd has entered into a preliminary agreement to acquire the assets of Megasteel Sdn Bhd and pay off its debts.
— The Star Online

TM announces PIP 2018, to roll out new broadband plans
In line with the government’s call for more affordable broadband packages, Telekom Malaysia Bhd (TM) yesterday announced the revision of its headline key performance indicators (KPI) as well as the implementation of Performance Improvement Programme 2018 (PIP 2018) and the introduction of new broadband plans.
— The Borneo Post

Green Packet ventures into digital content
Green Packet Bhd has ventured into digital contents to offer, among others, games, movies and music to telecommunications operators in Asean, in a move to capitalise on the growing digital industry in the region.
— New Straits Times

Analysts optimistic of Maybank Islamic’s future
Analysts are optimistic of Maybank Islamic Bhd’s (Maybank Islamic) future given the expected continuing growth for demand of syariah-based financial products.
— The Borneo Post

Fernandes confirms AirAsia order for 66 Airbus 330 neo planes
AirAsia Group chief executive officer Tan Sri Tony Fernandes has confirmed that the low-cost carrier had placed an order for 66 units of Airbus 330 neo passenger jets.
— The Star Online

CMS, IEM sign MoU to improve industry-related research in Sarawak
Cahya Mata Sarawak Bhd (CMS) has signed a Memorandum of Understanding (MoU) with The Institution of Engineers Malaysia, Sarawak Branch (IEM Sarawak) to establish collaborative relations between the two parties in developing a technical interchange through mutual assistance – with an impetus on industry-related research in Sarawak.
— The Borneo Post

Airports 4.0 initiative to improve service efficiency: MAHB
Malaysia Airports Holdings Bhd (MAHB) is planning to allocate an internal budget of RM100 million in the next five years for the Airports 4.0, a digital initiative across its selected local airports network.
— New Straits Times

Pikom expects 5.4 pct rise in average ICT monthly salary for 2018
The National Information and Communications Technology (ICT) Association of Malaysia (Pikom) expects the overall average monthly salary of ICT professionals this year to rise 5.4 per cent to RM9,389 from RM8,908 in 2017.
— 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

junior writer/ trainee journalist at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations. She commenced as an intern and was appointed as a junior writer/ trainee journalist on April 2, 2018

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