Malaysia Morning News For June 25

Malaysia Morning News For June 25

Malaysia morning newsRazak clan among 1,000 named in money laundering probe
MALAYSIA’S biggest money laundering probe began last week, with some 1,000 names being investigated, including former prime minister Najib Razak, his wife, Rosmah Mansor, and the wider Razak clan, sources said.
— The Malaysian Insight

Petronas, Sarawak govt case hits snag, uncertainty rises after July 1
The court case between national oil company Petroliam Nasional Bhd (Petronas) and the Sarawak government, which could not proceed further on technical grounds, raises questions about oil and gas operations in the state beginning next month.
— New Straits Times

Thai army: 41 bombs seized from militants were made in Malaysia
41 homemade bombs seized in southern Thailand’s Takbai district several days ago were produced in neighbouring Malaysia and meant for attacks after Ramadan.
— The Star Online

With about RM3b in assets, MCA unlikely to fade away soon
MCA may be a candle in the wind after the May 9 general election, but its Perak grassroots leaders insist the wealthy party can still be of service to the country.
— Malay Mail

Jasmine eyes 40pc growth in next five years
Rice producer Jasmine Food Corporation (Jasmine) Sdn Bhd is eyeing a 40 per cent capacity growth in the next five years with target to increase capacity to 20,000 tonnes per month.
— New Straits Times

Kuala Lumpur’s New Financial District “Can Be Profitable”: Ex-PM Najib
Tun Razak Exchange (TRX) City, the new financial district in Kuala Lumpur launched by the government of former Malaysian prime minister Najib Razak, will be completed using fresh government funds of almost $700 million.
— Investvine

Grab driver in Malaysia found dead in car
The Grab driver who is believed to have been murdered was a top-performing driver, says the ride-hailing company.
— AsiaOne

Malaysia’s top cartoonist says he’ll miss PM who tried to jail him for 43 years
Few celebrated the fall of the Malaysian prime minister Najib Razak in last month’s election quite like Zulkiflee Anwar Ulhaque.
— The Guardian

Malaysia Bourse May Reclaim 1,700-Point Level
The Malaysia stock market on Friday finally halted the eight-day winning streak in which it had plummeted more than 90 points or 5.3 percent.
— Nasdaq

Fading hopes of BN revival will cost Umno more MPs
LOW morale and dimming chances of a Barisan Nasional (BN) revival will in time cost Umno more lawmakers and weaken its ability to bounce back after its historic defeat in the 14th general election, analysts said.
— The Malaysian Insight

Malaysia Smelting mining its own business
IN Pulau Indah, a once-sleepy fisherman island turned industrial estate in Malaysia’s Klang district where the country’s largest and busiest port resides, a bold experiment for the multi-generational tin business is shaping up – to convert a lead smelting facility into a tin smelter.
— The Business Times

‘Govt decision to continue ECRL a good move’
The Pakatan Harapan (PH) government’s decision to continue with the construction of the East Coast Rail Link (ECRL) albeit at a lower cost is a good move and in the right direction, MCA publicity spokesman and Religious Harmony Bureau chairman Datuk Seri Ti Lian Ker said.
— The Borneo Post

Malaysia’s Public Mutual launches regional shariah-compliant fund
Public Mutual, Malaysia’s largest private unit trust company, has launched a new fund that will invest in shariah-compliant Southeast Asian stocks, and targets mainly retail investors.
— Asia Asset

Schneider Electric ramps up business continuity support for Malaysian SMEs
SCHNEIDER Electric, a global specialist in the digital transformation of energy management, automation and power protection, introduced the latest APC by Schneider Electric Easy UPS 1 Ph On-Line and UPS 3 series to the local market.
— Digital News Asia

Cultivating an ecosystem for start ups
Entrepreneurs are a dime a dozen in Malaysia, and this comes as no surprise when we think about the ecosystem that has been built to cultivate successful ventures.
— The Borneo Post

KTMB to improve services, unsure if it can serve as alternative to HSR
While Keretapi Tanah Melayu Bhd (KTMB) does have plans to improve its tracking system and provide better quality trains, the rail operator is unsure if it can be an alternative to the Kl Singapore High Speed Rail (HSR).
— New Straits Times

Suspension of manpower recruitment by Malaysia
With workers’ migration hitting quite a few snags, the latest to take the migration process by storm is the reported suspension of manpower recruitment from Bangladesh by Malaysia.
— The Financial Express

Lendlease committed to TRX Lifestyle Quarter
Lendlease says it remains fully committed to transforming the Tun Razak Exchange (TRX) Lifestyle Quarter into one of its largest urban regeneration developments globally.
— The Borneo Post

Malaysian-Saudi relations: A lesson in the pitfalls of authoritarianism and autocracy
Embattled former Malaysian prime minister Najib Razak was the main loser in last month’s election upset that returned Mahathir Mohamad to power as his country’s anti-corruption crusader.
— Modern Diplomacy

Heavy foreign selling in line with Asian peers — Analysts
Both the markets and investors were further jolted by major announcements including on the controversial Tun Razak Exchange (TRX) project as well as market talk of a new lady governor for Bank Negara Malaysia.
— The Borneo Post

 

Feature photo Mohd Fazlin Mohd Effendy Ooi

 

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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