Malaysia Morning News For August 14

Malaysia to develop B14.7bn oil storage, ship refuelling site
Malaysia on Tuesday said the Johor Port Authority was working to develop a 2 billion ringgit (14.7 billion baht) oil storage and ship refuelling site in the country’s south.
— Bangkok Post

RM21.6b needed for National Fiberisation and Connectivity Plan
The National Fiberisation and Connectivity Plan (NFCP) led by the Minister of Communications and Multimedia will require a RM21.6 billion investment from 2019 to 2023, says Finance Minister Lim Guan Eng (pix).
— The Sun Daily

Pay RM1.69b back taxes first, IRB tells Najib pending appeal
Datuk Seri Najib Razak must pay the RM1,692,872,924.83 owed in income taxes from 2011 to 2017 pending his reassessment appeal to the Internal Revenue Board (IRB), the government said in a court filing this month.
— Malay Mail

Malaysia’s services sector revenue up 6.5% in 2Q19
Malaysia’s services sector increased 6.5% in the second quarter of 2019 with a revenue of RM441.3 billion against the same period of the previous year, according to the Department of Statistics.
— The Sun Daily

Nora Quoirin: body found in Malaysia ‘likely’ to be missing girl
A body found in Malaysia is likely to be that of 15-year-old Nora Quoirin, who has been missing for more than a week, the Lucie Blackman Trust said.
— The Guardian

Dr M: Dirty toilets show level of Malaysia’s civility
Dirty and foul-smelling toilets along with litter reflect the country’s lack of civic mindedness, Prime Minister Tun Dr Mahathir Mohamad said today.
— Malay Mail

Economy expected to continue 4.5% growth in Q2
Finance Minister Lim Guan Eng says Malaysia’s economic growth is expected to plateau at 4.5% of the GDP in the second quarter, continuing at the same rate of growth experienced in the first quarter.
— FMT

Air quality readings in Sarawak show improvement as of 4pm today
The Air Pollution Index (API) readings around Sarawak have shown improvement in general as of 4pm today.However, the Automated Air Quality Monitoring Station located at the Miri Industrial Training Institute still recorded a hazardous API-level of 336.
— The Sun Daily

Rubber glove industry targets RM20 billion revenue this year
Malaysia’s rubber glove industry needs more workers to ramp up its production to achieve its target of RM20 billion in revenue this year against RM17.5 billion in 2018.
— The Borneo Post

Ajinomoto plans to build halal-based plant in Malaysia
The Malaysian arm of Japan’s Ajinomoto plans to construct a new plant to supply halal-based food products.
— Just-food

MCMC denies issuing approval for Sabah telco tower project
The Malaysian Communications and Multimedia Commission (MCMC) denies that it had issued a letter of approval for the construction of 25 telecommunication towers and related works in Semporna, Sabah.
— Malay Mail

RAM Rating projects Malaysia’s July’s inflation at 1.6pc
RAM Ratings expects Malaysia’s overall inflation rate for July to be marginally higher at 1.6 per cent, underpinned by an anticipated uptick in food inflation.
— Malay Mail

Malaysia fights climate crisis with better buildings
The world is heating up, making us rethink not just how we live but where we live and work too.
— koamnewsnow

GHL obtains money lending licences in Malaysia and Thailand
Payment systems provider GHL Systems Bhd said it has obtained operating licences from the respective regulators to commence money lending services in both Malaysia and Thailand.
— The Edge Markets

Why is Singapore so far behind Malaysia on responsible investing?
A study by Bloomberg has found that Malaysian asset managers are more bullish about the value of responsible investing than their counterparts in Singapore, and have a more mature understanding of its worth. How so?
— Eco-business

Time for needs-based policy for Malaysia
The recent statement by Daim Zainuddin says Malaysia should change the New Economic Policy (NEP), adopted in 1971 which is based on race, with a new one based on needs.
— Malaysiakini

Sarawak Tourism Board collaborates with AirAsia on promoting tourism
In a bid to boost tourism and further promote the Land of the Hornbills as a brand, the Sarawak Tourism Board (STB) signed an agreement to collaborate with low-cost airline AirAsia and local advertising company Laduni Services.
— The Sun Daily

Reliance surges most since 2017 on Ambani plan to slash debt
Shares of Reliance jumped as much as 9.3% in Mumbai on Tuesday, their biggest intraday gain since 2017.
— FMT News

Delay in aid to storm victims unintentional: Selangor MB
The delay in providing house repair assistance to residents in Sabak Bernam affected by a freak storm in the early hours of Saturday, is unintentional as it is a large allocation, according to Selangor Mentri Besar Amirudin Shari.
— The Sun Daily

DoE activates two action plans to address haze
The Department of Environment (DoE) has activated the National Open Burning Action Plan and the National Haze Action Plan to coordinate measures by government agencies in addressing open burning and the haze in the country.
— The Borneo Post

MMEA intercepts Filipinos with bowfishing arrow, methamphetamine in boat
A Malaysian Maritime Enforcement Agency team found a bowfishing arrow, which is a banned fishing gear and methamphetamine or syabu in a boat they intercepted off Pulau Malawali, Kudat yesterday.
— The Sun Daily

Facebook Malaysia enforces Community Standards against harmful content
Recently Facebook Malaysia revealed a bit more about their Community Standards, which are basically their rules on what can and can’t be shared on Facebook.
— Technave

Uniglobe Adds Malaysia Agency
Uniglobe Travel International has added Sayu Travel & Tours to its network. The Malaysian travel management company has eight locations, including Kuala Lumpur and its headquarters in Miri, and has served corporate, government and leisure travelers since 1992.
— Business Travel News

Repairs of dilapidated schools in Sarawak to begin once Finance Ministry issues directive
The repair of dilapidated schools in Sarawak can only start after the Finance Ministry issues a directive to the Education Ministry to do so, says Datuk Seri Michael Manyin.
— The Star Online

Make use of opening for further consultation on Jawi – Kit Siang
DAP’s Lim Kit Siang said the Education Ministry’s previous statement that it still welcomes views on the introduction of Jawi calligraphy in vernacular schools is an opening for further consultation on the matter.
— The Borneo Post

Bursa Malaysia ends lower on heavy selling pressure
Bursa Malaysia ended 1.37% lower as the local bourse took a delayed hit following the fall in the US Dow Jones Industrial Average last Friday and yesterday, which contributed to the heavy selling today.
— The Sun Daily

Cabinet must discuss Zakir Naik’s meddling into local politics, Klang MP urges
The Cabinet must discuss controversial televangelist Dr Zakir Naik’s alleged interference in local politics when it meets tomorrow, Klang MP Charles Santiago has urged in a strongly-worded statement today.
— Malay Mail

Residential college fee for diploma students has been implemented since 2014: UiTM
Universiti Teknologi Mara (UiTM) today clarified that the residential college fee imposed on its on-campus diploma students for the September intake has actually been implemented since 2014.
— The Sun Daily

Need for specific anti-racial discrimination law to strengthen unity
The government should draw up the Anti-Racial Discrimination Act as an important step in efforts to strengthen unity in the country, according to Federal Territory PKR Youth chief Na’im Brundage.
— The Sun Daily

Sarawak school repairs stalled as education ministry waits for Guan Eng’s directive
Sarawak says it has been been told by Education Minister Maszlee Malik the repairs cannot proceed until they receive the go-ahead from the finance ministry.
— FMT News

Manyin: Repairs of dilapidated schools yet to begin, no directive from Finance Ministry yet
Education, Science and Technological Research Minister Dato Sri Michael Manyin Jawong’s wish to begin repairing dilapidated schools in the state with funds promised by the federal government this month appears to have stalled.
— The Borneo Post

VEWC finances the largest bauxite mine in Malaysia
Private investment firm Via East West Capital (VEWC) has sealed a memorandum of understanding with The One Minerals Mining Sdn Bhd (TOMM), where VEWC would provide TOMM staged funding of US$350 (RM1.47 billion) for 7,000 acres of bauxite mining area in Johor.
— The Sun Daily

Maximum RM5,000 aid for each house affected by storm in Kedah
Aid of up to RM5,000 will be channeled to the National Disaster Management Agency (Nadma) for repair works to be carried out on houses damaged during last Friday’s storm.
— The Sun Daily

Environment Dept activates two action plans to tackle haze in Malaysia
The Department of Environment (DoE) has activated the National Open Burning Action Plan and the National Haze Action Plan to coordinate measures by government agencies in addressing open burning and the haze in the country.
— Malay Mail

National disaster agency: Maximum RM5,000 aid for each house affected by Aug 9 storm in Kedah
Aid of up to RM5,000 will be channelled to the National Disaster Management Agency (Nadma) for repair works to be carried out on houses damaged during last Friday’s storm.
— Malay Mail

Lack of civic mindedness will be destructive to the country: PM
The lack of civic mindedness and respect for property will only end up destroying the nation in the long run, Prime Minister Tun Dr Mahathir Mohamad said today.
— The Sun Daily

No more delays: Apex court rejects Najib’s last bid to postpone 1MDB trial
Datuk Seri Najib Razak exhausted today his legal options to defer his main 1Malaysia Development Berhad (1MDB) corruption trial until after his ongoing SRC International case.
— Malay Mail

MIDF Research maintains FBM KLCI target but warns of possible downward revision
MIDF Research has reiterated its FBM KLCI year-end 2019 target of 1,720 points but warned of a bias towards downward revision based on weak corporate earnings and the US-China trade war.
— The Sun Daily

Dong Zong points to missionary group Yadim’s support as ‘proof’ of Islamisation in khat
Chinese educationist groups Dong Zong and Jiao Zong have pointed to a statement by Putrajaya-backed missionary group Yayasan Dakwah Islamiah Malaysia (Yadim) to defend its accusation of Islamisation through khat lessons.
— Malay Mail

Current hot spell less intense than in recent years: Scientist
The current hot spell in Malaysia is reportedly less intense compared with those in recent years.
— The Sun Daily

Vietnam-based proptech startup Propzy targets a US$25M Series B fundraising
Propzy plans to expand its management products focussing on mortgage banking and property management software for buildings and properties operators Propzy, Vietnam-grown proptech startup said that it is planning to raise US$25 million in a Series B funding round later this year, DealStreetAsia has learned.
— e27

Unilateral conversion: S’gor MB told to explain reason for promoting amendment
Selangor Mentri Besar Amirudin Shari must explain why he wants to promote a proposed amendment to allow the unilateral conversion of minors in the state, PKR said yesterday
— The Sun Daily

MINI 60 Years Edition launched in Malaysia – RM256k
MINI Malaysia has officially introduced the MINI 60 Years Edition, the car making its debut here in a single variant guise, a Cooper S 3 Door Hatch. Only 60 units of the limited-edition collector’s model, built to commemorate the brand’s 60 years in existence, will be available for the Malaysian market.
— Paultan

Malaysia Rugby see Philippines as biggest rivals
HOSTS Philippines are the team to beat in the Sea Games rugby sevens competition on Nov 30-Dec 11.
— New Straits times

Feature photo ILO Asia-Pacific

This week’s Malaysia morning news feature photo depicts life throughout the Asean Community.

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).

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