Malaysia Morning News For August 8

Airbus to contribute US$550m to Malaysia’s economy over five years
European aircraft maker Airbus SE is aiming for US$550 million annual contribution to Malaysia’s economy within five years in sourcing and services businesses from the current US$400 million.
— New Straits Times

Malaysia has room to pursue expansionary fiscal policy, says economist
Malaysia has the room to cut interest rates a bit more or pursue a more expansionary fiscal policy amid global trade disruptions, according to Asean+3 Macroeconomic Research Office (AMRO) chief economist Dr Khor Hoe Ee.
— The Sun Daily

US set to overtake China as Malaysia’s top investor
The United States is set to supplant China as Malaysia’s top source of investment, amid an increasingly bitter trade war between the two superpowers that has reconfigured global supply chains, especially in developing South-east Asia.
— The Straits Times

EU stumps up $11mln for Greater Mekong wildlife conservation
The European Union (EU) has teamed up with wildlife and conservation groups in the Greater Mekong region, Malaysia, and China to try and disrupt the flow of illegally trafficked wildlife through the region.
— AEC News Today

Malaysia expected to experience hot and dry weather until October
Malaysia is expected to experience a hot and dry weather with less rainfall until October, said Energy, Science, Technology, Environment and Climate Change deputy minister, Isnaraissah Munirah Majilis.
— The Sun Daily

Maritime Malaysia rescues 75 immigrants from sinking boat
Maritime Malaysia today rescued 75 immigrants from Indonesia from drowning when the wooden boat they were in was on the brink of sinking due to a leak near its engine section at 2.8 nautical miles from Sungai Kurau, here today.
— The Sun Daily

Jokowi to visit Malaysia, Singapore as haze crisis returns
President Joko “Jokowi” Widodo is set to visit Malaysia and Singapore this week, the Foreign Ministry has announced, amid mid fears over the possibility of another transboundary haze crisis emanating from Indonesia.
— The Jakarta Post

Malaysian civil society urges Mahathir to spell out handover plan to Anwar
Malaysian civil society on Wednesday (Aug 7) urged Prime Minister Mahathir Mohamad to put in place a clear succession plan, and to appoint Mr Anwar Ibrahim as deputy prime minister six months prior to the takeover date for a smooth transition.
— Channel NewsAsia

Suspected illegal moneylender wanted by police after threats, demanding RM4,000 for RM1,200 loan
The Sarawak Commercial Crimes Investigation Department (CCID) has named Yap Qi Wei, 19, as a person of interest to help in their investigation under the Moneylenders Act 1952.
— The Borneo Post

Sabah govt looks for local workers to fill 10,000 vacancies
The Sabah government set up some 10,440 job placements for Sabahans in the first six months of the year, Assistant State Education and Innovation Minister Mohammad Mohamarin said today.
— Malay Mail

M’sia should do more to combat human trafficking: Human rights expert
Thai human rights expert Patchareeboon Sakulpitakphon recommends that Malaysia follow Thailand in its bid to combat human trafficking.
— The Sun Daily

Penang deputy CM claims khat move to be blind acceptance of ‘misguided BN policy’
Penang Deputy Chief Minister II P. Ramasamy wants the ruling Pakatan Harapan to explain its khat introduction for vernacular primary schools, claiming the decision to be blind acceptance of a “misguided” policy leftover.
— Malay Mail

Mara ready to work with Sarawak govt to produce digital entrepreneurs
Majlis Amanah Rakyat (Mara) is always ready to work with the Sarawak government to produce and equip Bumiputera entrepreneurs with digital skills.
— The Sun Daily

Grab Malaysia dismisses claims it failed to refund drivers
Grab Malaysia has denied claims that it failed to reimburse the additional 5% commission imposed on drivers who chose not to immediately opt to auto accept rides.
— The Star Online

GPP Resources to raise RM4.37m from LEAP Market listing
GPP Resources Bhd is looking to raise RM4.37 million from its listing on the Leading Entrepreneur Accelerator Platform (LEAP) Market of Bursa Malaysia Securities Bhd next month.
— The Sun Daily

NGOs suggest changing electoral system to curb winner-takes-all mentality
A group of non-governmental organisations (NGOs) has proposed that Malaysia moves away from the current first-past-the-post (FPTP) electoral system towards a system with party-list proportional representation (List-PR) seats.
— The Borneo Post

Explore entrepreneurship via IR4.0’s technology
Students should explore the field of entrepreneurship via the Fourth Industrial Revolution (IR4.0) technology that is rapidly expanding now, urged Kolej Komuniti Kuching (KKKG) Technologies director Fadil Aziz.
— New Sarawak Tribune

Najib never sued AmBank for wrongful utilisation of funds — Former banker
Former Prime Minister Datuk Seri Najib Tun Razak has never filed a civil suit against AmBank for wrongful utilisation of funds in his three accounts, the High Court here yesterday heard.
— The Borneo Post

Malaysia bid to be aviation hub gets a boost
Malaysia can be an aerospace and aviation hub for the Asia-Pacific region which has more than 9,000 helicopters, Transport Minister Anthony Loke said today.
— The Sun Daily

KL prime homes defy sluggish property market
Prices of prime residential properties in Kuala Lumpur rose 2.4% in the first half of the year (1H19) amid a sluggish property market, according to Savills Research.
— The Sun Daily

Barakah seeks RM1.02b from Petronas over licence suspension
Barakah Offshore Petroleum Bhd is demanding a sum of RM1.02 billion from Petronas Nasional Bhd (Petronas) over the suspension of the licence of its wholly-owned subsidiary PBJV Group Sdn Bhd last month.
— The Sun Daily

UniCredit cuts revenue target as it struggles to spur growth
Second-quarter revenue declines by 4.6%, hit by slowdowns for lending, trading and fees, while profit missed analyst estimates.
— FMT News

Science and technology can be good or bad, the choice is yours: Mahathir
Science and technology can be leveraged for the good or bad of humanity and the choice lies with people, said Prime Minister Tun Dr Mahathir Mohamad.
— The Sun Daily

Jabu disappointed with RTM for failing to air songs to encourage Ibans
Sarawak Science Research advisor Datuk Patinggi Tan Sri Alfred Jabu has expressed his disappointment with Radio Televisyen Malaysia (RTM) Sarawak Iban section.
— The Borneo Post

13 fishermen held in anti-drug operation
Thirteen fishermen were arrested in a 10-hour integrated anti-drug operation conducted by the Kedah and Perlis Malaysian Maritime Enforcement Agency (MMEA) with the cooperation of the Langkawi District National Anti-Drug Agency (AADK) yesterday.
— The Sun Daily

Kit Siang: Malaysia must unite to fix economy
Malaysians need to jointly address fundamental education issues and build up the local economy to its full potential, Lim Kit Siang said today.
— Malay Mail

Penang to partially open Bukit Kukus paired road in August 2020
A 1.6km segment of the Bukit Kukus paired road linking Paya Terubong to Lebuh Bukit Jambul will be open to the public by August next year, with the remainder due in several more years.
— Malay Mail

Jawi and khat not Malaysia’s identity, says non-Muslim group
The Malaysian Consultative Council of Buddhism, Christianity, Hinduism, Sikhism and Taoism says this role is played by the Malay language, not the Jawi script.
— FMT News

Contraband cigarettes, alcoholic drinks worth RM9,529.47 seized
The Customs Department ambushed a house in Desa Pujut 2, Bandar Baru Permyjaya here on Tuesday and seized various types of contraband cigarettes and alcoholic drinks.
— The Borneo Post

Genting Malaysia tumbles 14.7% in early trade on loss-making deal
Shares of Genting Malaysia Bhd slumped as much as 14.7% to a low of RM3.08 this morning on concerns over the acquisition of loss-making Empire Resorts Inc for RM538.8 million.At the midday break, the stock slipped 41 sen or 11.4% to RM3.20 on 209 million shares done.
— The Sun Daily

Workers’ association: Youth must acquire new skills to stay competitive
The National Association of Skilled Workers (PKPB) today urged all Malaysians especially the youth to change the way they think and operate if they want to stay competitive in today’s challenging work environment .
— Malay Mail

Hartalega hit by lower sales, higher cost in Q1
Hartalega Holdings Bhd’s net profit for the first quarter ended June 30, 2019 fell 24.67% to RM94.06 million from RM124.87 million a year ago, due to lower sales volume and higher cost.
— The Sun Daily

Dog owner fined RM2,000 for negligence after pet attacks neighbour
A dog owner here was fined RM2,000 in default a month jail for negligence after his pet attacked a neighbour. George Liu Ee Pow from Batu Kawa pleaded guilty to the charge before Magistrate Mohd Syukri Mokhtar today.
— The Borneo Post

Kit Siang calls for unity and focus on economy
PMalaysians must work together to address fundamental educational issues and help strengthen the economy, according to Lim Kit Siang (pix).
— The Sun Daily

Najib fails in final bid to remove Sri Ram as 1MDB prosecutor following apex court ruling
In a unanimous ruling, the Federal Court today rejected Datuk Seri Najib Razak’s last attempt to remove former judge Datuk Seri Gopal Sri Ram as the lead prosecutor in his 1Malaysia Development Berhad (1MDB) trial set to.
— Malay Mail

Khat should be an elective subject, not compulsory, says Rafidah Aziz
Khat calligraphy should be an elective subject and not part of the curriculum in schools, says former minister Tan Sri Rafidah Aziz.
— The Star Online

Malaysian birth certs, not citizenship, for children of refugees in Sabah
Deputy Home Minister Azis Jamman says Putrajaya will do in-depth study on status of children of IMM13 holders.
— FMT News

Set a clear ‘package’ for Anwar’s succession please, civil society groups tell Dr M
Civil society organisations today called for Prime Minister Tun Dr Mahathir Mohamad and Pakatan Harapan (PH) collation leaders to set a clear transition “package” for their government leadership succession to ensure.
— Malay Mail

Domestic trade enforcers seize 147 fake corsets worth more than RM17k
Enforcers from the Johor branch of the Domestic Trade and Consumer Affairs Ministry seized 147 fake corsets of a popular brand worth more than RM17, 000.
— The Star Online

PDP president blasts Chong, Yong for ‘making a show’ of defending Sarawak Chinese education
Progressive Democratic Party (PDP) president Datuk Seri Tiong King Sing has lashed out at two senior Sarawak DAP leaders for allegedly trying to take advantage of Chinese education in the state for political mileage.
— The Borneo Post

Thai F&B biz adds fizz to F&N Q3 earnings
Fraser & Neave Holdings Bhd’s (F&N) net profit for the third quarter ended June 30, 2019 rose 10% to RM114.94 million from RM104.5 million a year ago driven by higher profits from food and beverages business in Thailand (F&B Thailand).
— The Sun Daily

DWL enters ICT industry via new unit
DWL Resources Bhd has incorporated a new wholly owned subsidiary, DWL Technologies Sdn Bhd (DTSB) with plans to enter into the information and communications technology (ICT) industry.
— The Sun Daily

Science and technology cut both ways, Dr M tells Japan gathering
The prime minister is making his 16 appearance as the main speaker for the annual summer school.
— FMT News

Putrajaya still ignoring our voice, says Shafie on VC appointment
The chief minister Shafie Apdal says Putrajaya still has the tendency to do things without consultation.
— FMT News

Feature photo Izhamwong

This week’s Malaysia morning news feature photo focus on Hari Raya Haji, August 11.

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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