Malaysia Morning News For June 26

Malaysia Morning News For June 26

Malaysia morning newsPrice of water sold to Singapore ‘ridiculous’; Malaysia to renegotiate deal, says Mahathir
The price of water being sold to Singapore is “ridiculous”, and Malaysia will make a presentation to its neighbour on renegotiating the terms of the water supply deal, Prime Minister Mahathir Mohamad said on Monday (Jun 25).
— Channel NewsAsia

Najib Malaysia’s new Anwar? No, says PM Mahathir as authorities prepare to rain charges
Malaysia’s former prime minister Najib Razak will likely not be “around” for the next general election, says Dr Mahathir Mohamad, who expects him to be charged with embezzlement, corruption and a “lot of other things”.
— Channel NewsAsia

Malaysia mosque bans tourists after provocative dance
A mosque in Malaysia has banned tourists from visiting after a video of two women dancing in front of the site was shared online.
— BBC News

Palm falls on weak export demand
Malaysian palm oil futures fell at the midday break today, as weak export demand and losses in US soyoil weighed.
— The Sun Daily

Malaysia finance minister draws flak for defending himself over use of Mandarin
Malaysia Finance Minister Lim Guan Eng has drawn flak on social media for defending his decision to issue an official government statement in Mandarin.
— Channel NewsAsia

E-sports: Can Malaysia cultivate the right culture to be seen as a hub?
Reports from the “Global Games Market Report” by Newzoo, ranked Malaysia 21st in the world in terms of e-commerce game revenue, which is estimated to be US$654 million.
— Marketing Interactive

Malaysia, Australia enhance cooperation in combating terrorism activities in the region
Minister of Defence Mohamad Sabu and Australian Minister for Defence Marise Payne today have convened the inaugural Malaysia-Australia High Level Committee on Defence Cooperation (HLC) meeting at Royal Malaysian Air Force (RMAF) Base in Butterworth, here.
— New Straits Times

1MDB debt costs may reach RM34.6b, says Maybank
Malaysia’s costs of servicing 1MDB debt may reach as much as RM34.6bil (US$8.6bil) from 2019 to 2023, as the government will probably fully account for it, according to Maybank Kim Eng Securities.
— The Star Online

MBSB assets conversion on track
Malaysia Building Society Bhd (MBSB) is on track to dispose of or convert the remaining 10% of its conventional assets worth RM1 billion to Islamic assets over the next three years to April 2021, in line with its position as a full-fledged Islamic bank now.
— The Sun Daily

Joint effort to develop airports
Malaysia Airports Holdings Bhd (MAHB) and the government are currently working closely to ensure domestic airports has sufficient capacity to support passenger traffic as well as future expansions.
— New Straits Times

Fitch revises outlook on Telekom Malaysia to negative
Fitch Ratings has revised Telekom Malaysia Bhd’s (TM) outlook to negative from stable due to its weakening credit profile, driven by pressure on earnings before interest, tax, depreciation and amortisation (EBITDA).
— The Star Online

OCBC taps into Peoplender to enhance micro access to financing
OCBC Bank (Malaysia) Bhd (OCBC Bank) and Peoplender Sdn Bhd (Peoplender) have entered into a collaborative agreement to enhance access to financing for micro, small and new businesses.
— The Borneo Post

Malaysia shares to take cue from crude oil, US equities
Malaysian shares may today take cue from overnight US equity losses on Monday as investors closely watch crude oil prices on OPEC’s plan to raise output.
— The Edge Markets

From Malaysia to Myanmar, social ventures build homes and safe spaces
Communities in these countries are involved in building their own homes, creating a sense of ownership, and battling a culture of relying on dole-outs.
— Eco-Business

Tabung Harapan Malaysia breaches RM100mil mark
Collections for Tabung Harapan Malaysia (THM) have breached the RM100mil mark, less than a month since it was launched.
— The Star Online

East Coast Rail Line – a necessary evil?
Industry observers believe the government feels it is necessary to keep the East Coast Rail Line (ECRL) not only to manage the costs associated with it but also to maintain relations with the Asian powerhouse, China, despite the controversies surrounding the project.
— The Sun Daily

Malaysia election and the state of democracy in Southeast Asia
Liberal democracy in Southeast Asia has long struggled in the face of authoritarianism, monarchy, nationalism and ethnic chauvinism.
— ORF

Banks, telcos send KLCI to January 2017 low
Banks and telcos dragged the FBM KLCI deeper into the red at the close on Monday, as foreign selling on Bursa Malaysia stretched into the 34th day while most key Asian markets lost ground over the rising US-China trade war tensions.
— The Star Online

Positivity on O&G sector as macro developments grow — Analysts
Research firms Affin Hwang Investment Bank Bhd (AffinHwang Capital) and AmInvestment Bank Bhd (AmInvestment Bank) are turning bullish on the oil and gas (O&G) sector as macro developments affecting the industry over the past 6 months have been positive.
— The Borneo Post

UNHCR: Allow refugees to stay and work in Malaysia
The United Nations High Commissioner for Refugees (UNHCR) has urged the newly appointed Pakatan Harapan Government to allow refugees to stay and work in Malaysia legally.
— The Star Online

 

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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