Malaysia Morning News For June 15

Malaysia Morning News For June 15

Malaysia morning newsMalaysia Swamps Asean’s Best Young University List
Coming hot on the heals of the Times Higher Education (THE) 2018 World Reputation Rankings and the 2018 Emerging Economies University Rankings comes the THE 2018 Young University Rankings, with tertiary institutions from Malaysia dominating with seven entries.
— AEC News Today

Expect another scandal to be exposed, says Guan Eng
Finance Minister Lim Guan Eng says another major scandal “related to the finance ministry” will be revealed soon.
— Free Malaysia Today

Investigation into luxury items seized in 1MDB probe still ongoing: Malaysia police
The Royal Malaysia Police’s investigation into the seizure of valuable items from a luxury condominium in Jalan Raja Chulan, Kuala Lumpur in relation to the 1Malaysia Development Berhad (1MDB) probe is still ongoing.
— Channel NewsAsia

Gas Malaysia unchanged following tariff revision
Gas Malaysia Bhd’s share price remained unchanged this morning after it announced a higher average effective natural gas tariff for the non-power sector in Peninsular Malaysia at RM32.69/MMBtu from July 1 to Dec 31, 2018, 17 sen or 0.5% higher than the RM32.52/MMBtu from Jan 1 to June 30, 2018.
— The Sun Daily

Transport sector faces challenges from changes in political plane
Malaysia’s transport sector faces various headwinds ahead, driven by increased regulatory risk on the back of the change in Malaysia’s political landscape, potential dial-back on certain initiatives, and rising fuel costs.
— The Borneo Post

Malaysia needs to restore investors’ confidence
While Prime Minister Tun Dr Mahathir Mohamad has rushed ahead with his daunting to-list list, the country still has much to prove to the global markets still shocked by the corruption and incompetent of the previous government.
— The Star Online

MAVCOM’s rejection of route applications hamper Malaysia’s tourism and economic growth: AirAsia
Malaysian Aviation Commission’s (Mavcom) rejection of route applications will only further hamper Malaysia’s tourism and economic growth.
— New Straits Times

Bitcoin rebounds after recent bout of heavy selling
Bitcoin staged a rebound at midday on Thursday, rising to a high of US$6,495 after falling sharply in recent days.
— The Star Online

News Analysis: Malaysia faces growth pressure amid fiscal reform
It has been a month since the Pakatan Harapan coalition led by Malaysian Prime Minister Mahathir Mohamad came into power. While the new administration has ambitious plans to fix up the country’s economy, it may not be an easy task as it needs to balance its growth and fiscal budget.
— Xinhua

China, Singapore can help Malaysia cope with debt, says Finance Minister
Malaysia’s Finance Minister Lim Guan Eng believes countries like China and Singapore understand why it has had to review mega projects such as the China-backed East Coast Rail Link (ECRL) and the Kuala Lumpur-Singapore High Speed Rail (HSR).
— Channel NewsAsia

Malaysian bank customers to accept emerging technologies in banking services according to Unisys
Malaysians have a high desire to keep their personal data private but are willing to share them as long as their issues on privacy and security are resolved. This is also the case for them to accept bank services that are based on emerging technologies.
— OpenGov Asia

Malaysian palm oil price recovers as traders buy at low prices
Malaysian palm oil futures rose on Thursday, pulling back from a more than 22-month low hit in the previous session, as traders took the opportunity to buy at low prices ahead of Eid festivities during the weekend.
— The Star Online

Every Malaysian has a role in banishing racism
The symptoms of racism in our case are hate politics, fear mongering, toxic rhetoric, character assassination, religious extremism and intolerance.
— Free Malaysia Today

Malaysian officials lobbied UK ministers on EU palm oil move to ‘test post-Brexit approaches’
Malaysian government officials directly lobbied UK ministers on an EU move to phase out palm oil from biofuels as they looked to “test post-Brexit approaches”, according to a diplomatic telegram obtained by Unearthed.
— Unearthed

The value of potential M&A is forecast to reach US$1.5 billion this year
The value of potential mergers and acquisitions (M&A) involving locally-listed companies is forecast to reach US$1.5 billion this year following strong year in 2017.
— New Straits Times

‘Minimum wage increase needs more study’
The Sarawak Oil Palm Plantation Owners Association (Soppoa) has expressed support for the proposed new minimum wage structure but hopes the Ministry of Human Resources will consider a few pointers when a review is due soon.
— The Borneo Post

Datasonic re-submitting bid to govt to produce Malaysian passports
Datasonic Group Bhd will submit fresh proposals to the Home Ministry to contract produce Malaysian passports following the change in government after the 14th General Elections last month.
— New Straits Times

Malaysian’s AAPICO Hitech partners VINFAST in Vietnam car project
Malaysian-owned AAPICO Hitech Public Company Ltd is partnering VINFAST Trading and Production LLC to set up a press shop and assembly operations in VINFAST’s Supplier Park in Haiphong, Vietnam.
— The Borneo Post

Philippines’ San Miguel eyes Malaysia’s state assets sale
San Miguel, the Philippines’ largest company by sales, is eyeing the acquisition of state-owned assets in Malaysia, as the government of Prime Minister Mahathir Mohamad looks to trim the country’s debt.
— Nikkei Asian Review (paywall)

Business as usual for local pharmaceutical players
It is business as usual for local pharmaceutical players despite the change in Federal Government and the pending reintroduction of sales and services tax (SST), according to the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) in its healthcare sector update.
— The Borneo Post

Uncertainties on MCA may dampen Star Media Group’s share price
Continuous uncertainties surrounding the Malaysian Chinese Association’s (MCA), could dampen Star Media Group Bhd’s share price in the near term.
— New Straits Times

Heineken Malaysia names Roland Bala as new MD
Heineken Malaysia Bhd has appointed Roland Bala as the managing director to succeed Hans Essaadi, who will become Heineken Egypt managing director effective September 1, 2018.
— The Sun Daily

Brazil slaps AD duties on Malaysian, Thai, Vietnamese stainless steel tubes
Brazil’s ministry of foreign trade imposed Thursday five-year antidumping duties of up to $888.27/mt on imports of austenitic stainless steel tubes from Malaysia, Thailand and Vietnam, it said in a filing in the country’s official gazette.
— Platts

Yinson in talks to supply FPSO unit to Nigerian O&G company
Yinson Holdings Bhd’s subsidiary Yinson Production Pte Ltd (YPPL), has signed an agreement with Yinson Operations & Production West Africa Ltd (YOPWAL) and Nigerian oil and gas company First Exploration & Production (First E&P), to supply and charter of a floating production storage and offloading (FPSO) unit in Nigeria.
— New Straits Times

Cradle’s Nazrin: The unsung hero of Malaysia’s startup ecosystem
THE phrase “sent shockwaves through the industry” may sound trite and overused, but it is apt in some cases. In a few rare cases, it does not even do justice to the impact some events have.
— The Star Online

 

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 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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