Malaysia morning news for July 12

Malaysia morning news for July 12

Malaysia morning news

Malaysia is world’s best country in 2019 to invest in: CEOWORLD magazine
Malaysia emerged as the world’s best country to invest in or do business for 2019, CEOWORLD magazine revealed.Poland took silver, followed by the Philippines, Indonesia and Australia with Malaysia continuing to be the most attractive destination for investors and business people among 67 countries evaluated.
— The Sun Daily

Tourism minister agrees with BN MP that departure levy should be postponed
Tourism Minister Datuk Mohamaddin Ketapi has voiced his agreement with the Barisan Nasional (BN) Opposition that the upcoming departure levy that was scheduled to be implemented in September should be postponed as it will have an adverse impact on Visit Malaysia Year 2020.
— Malay Mail

Dr M: IMF report shows Malaysia can be a high-income economy in two years
An International Monetary Fund (IMF) report states that Malaysia can become a high-income nation within two years, says Prime Minister Tun Dr Mahathir Mohamad.
— The Star Online

Employment rate ‘full’ based on OECD definition, PM tells Parliament
Malaysia is considered to have a full employment rate based on the Organisation for Economic Co-Operation and Development (OECD), Tun Dr Mahathir Mohamad said today — notwithstanding data showing nationwide joblessness at.
— Malay Mail

Malaysia a true entrepreneurial nation by 2030
Tun Dr Mahathir Mohamad said the implementation of the National Entrepreneurship Policy should be able to turn Malaysia into a true entrepreneurial nation by 2030.In his speech at the launch of the policy, which underlines five objectives and six core elements, the prime minister also expressed hope that it would become the nucleus and.
— The Sun Daily

Key focuses of 12th Malaysia Plan: Modern and tech-based farming
The use of technology and the implementation of modern agricultural practices will be among the key aspects addressed under the 12th Malaysia Plan (12MP) which begins in 2021, says Agriculture and Agro-based Industry secretary-general Datuk Mohd Sallehhuddin Hassan.
— Fresh Plaza

Lower sugar content to avoid sugar tax, SMEs told
Small and medium enterprises (SMEs) involved in beverage manufacturing should lower the sugar content in their products to avoid paying sugar tax, says Finance Minister Lim Guan Eng.
— The Star Online

Malaysia consistent in its support for Timor Leste to join ASEAN
Malaysia is always consistent in its support for the admission of Timor Leste as a new member in ASEAN since the country is located in the Southeast Asia region.
— The Sun Daily

Govt to look into complaints on Penang reclamation project
The prime minister says action will be taken if there is evidence relating to the claims.
— FMT News

Finance Ministry makes preliminary objection to PLUS Malaysia takeover
The Finance Ministry has made a preliminary objection against Maju Holdings Sdn Bhd’s takeover of PLUS Malaysia Bhd, after taking consideration the views of main shareholders Khazanah Nasional Bhd and Employees Provident Fund (EPF).
— The Star Online

Over 300 business owners participated in BNI Malaysia’s new chapter
Over 300 business owners participated the BNI Miracle chapter, a new chapter under BNI Malaysia,
— New Straits Times

Malacca businessman defies all odds, strikes 4D jackpot not once but twice
A businessman from Malacca, who won Jackpot 2 few years ago, has finally hit the big Jackpot, raking in the enormous sum of RM33,208,678 on Saturday’s (July 6) Magnum 4D draw.
— The Borneo Post

Health minister: Transwoman Rania to stay on as CCM rep, no need for review
The Health Ministry will not review the appointment of transwoman Rania Zara Medina as a member of the Country Coordinating Mechanism (CCM) Malaysia for the 2019-2021 session despite being pressured to do so.
— Malay Mail

PTPN borrowers listed in CCRIS can buy first home, Bank Negara says
National Higher Education Fund Corporation (PTPTN) borrowers who have been listed in the Central Credit Reference Information System (CCRIS) have no problems getting a bank loan to buy their first home, says Bank Negara Malaysia.
— The Star Online

‘Undi 18’ Bill tabled again
Youth and Sports Minister Syed Saddiq Abdul Rahman has tabled again a constitutional amendment Bill to lower the voting age from 21 to 18 years while adding the demands made by the Opposition.
— Malay Mail

DOSM releases statistics on domestic migration
People uproot themselves and move to a new place for various reasons. In Malaysia, a vast proportion of them did so for the sake of their families. Newly released data from the Department of Statistics Malaysia (DOSM) showed that of the more than half a million Malaysians who packed up and left, 44.2% did so to meet family needs.
— The Sun Daily

No protection for Ulu Muda rainforests water catchment area yet, says Penang Water Supply Corporation
The Penang Water Supply Corporation (PBAPP) insisted today that a major portion of the Ulu Muda rainforests in Kedah is still not protected as a water catchment area despite being gazetted as.
— Malay Mail

Gov’t to review NSC Bill before re-tabling in Parliament again
The government will review the National Security Council (Amendment) Bill 2019 before tabling it at the Dewan Rakyat again, according to Tun Dr Mahathir Mohamad (pix).The Prime Minister said the government realised that at this point in time, there were many different opinions that needed to be considered.
— The Sun Daily

Finance minister says govt checking MCA-linked Kojadi’s other funding sources
Putrajaya will be looking into whether Koperasi Jayadiri Malaysia Berhad (Kojadi) received other funds from the Treasury under the Najib administration after the MCA public-listed co-operative was linked to money said to be.
— Malay Mail

Let cops investigate, health minister says after patient info leak scare
The Health Ministry will not conduct any internal investigation on the leak of confidential information obtained by a man pretending to be a doctor to make lewd calls to women patients. Instead, Minister Datuk Seri Dzulkefly.
— Malay Mail

Yinson still awaiting lenders’ nod to buy Ezizon
Floating, production, storage and offloading (FPSO) service provider, Yinson Holdings Bhd, is still awaiting the approval of lenders for the acquisition of loss-making Ezion Holdings Ltd of Singapore, with a due diligence process ongoing.
— The Star Online

Limbang MP: Rural Air Services in Sarawak, Sabah must be maintained, improved if MAS is sold
The federal government must ensure the Rural Air Service (RAS) in Sarawak and Sabah states remains untouched in any revival plan for Malaysia Airlines, said Limbang MP Hasbi Hasbibolah. This is because of the geographical distance, underdeveloped road infrastructure and demand for rural air services in both states, particularly in Sarawak.
— The Borneo Post

Guan Eng granted leave to appeal defamation lawsuit against Perkasa
The Federal Court here today granted Finance Minister Lim Guan Eng leave to proceed with his appeal relating to his defamation lawsuit against Perkasa and two others. A three-member bench comprising Chief Judge of Sabah and.
— Malay Mail

Tourism Ministry wants departure levy deferred to after VMY 2020
The Tourism, Arts and Culture Ministry wants to defer the implementation of the departure levy – supposed to be on Sept 1 this year – to after Visit Malaysia 2020.
— The Star Online

Masing: No PSB members in finalised list of local councillors
The finalised list of more than 700 councillors in the 24 local councils does not include any representatives from Parti Sarawak Bersatu (PSB), said Deputy Chief Minister Tan Sri Datuk Amar Dr James Jemut Masing . The state cabinet approved the list when they sat for a meeting today. He explained the list would now […]
— The Borneo Post

Zakir Naik not listed as wanted by Interpol: Muhyiddin
Controversial preacher Dr Zakir Naik is not listed in Interpol’s Red Notice of wanted criminals, the Dewan Rakyat was told.Home Minister Tan Sri Muhyiddin Yassin said in addition, the Indian national was also not listed in the United Nations Security Council Resolutions (UNSCR) as a suspected terrorist.
— The Sun Daily

Schroders warns passive credit investors face losses during downturn
Schroders warns that passive investment grade bondholders could be facing significant downgrade losses when the next economic downturn hits as it highlightlight the vulnerability of BBB-rated bonds.
— The Star Online

Fishermen voice worries about loss of breeding grounds to reclamation project
The destruction of fish breeding grounds and lack of safety are the main issues that worry fishermen once the Penang South Reclamation (PSR) project is launched, according to Penang Fishermen Association chairman Nazri Ahmad.
— The Sun Daily

National Entrepreneurship Policy 2030 to empower B40 segment, says minister
The newly launched National Entrepreneurship Policy 2030 (NEP 2030) is aimed at empowering the B40 group by inculcating a culture of entrepreneurship. Entrepreneur Development Minister Datuk Seri Mohd Redzuan.
— Malay Mail

Malaysia to cooperate with China to develop hearing and speech impairment programmes for children
Malaysia is planning to work with China in developing programmes for children with hearing and speech impairment.
— The Star Online

Repayment proves link between Kojadi and 1MDB: Lim
Finance Minister Lim Guan Eng revealed today that Koperasi Jayadiri Sdn Bhd (Kojadi) has repaid a substantial portion of the grant it received from Yayasan 1MDB.This, he added, proved that the co-operative had links to the scandal-plagued state investment arm.
— The Sun Daily

Yinson awaiting due diligence process for Ezion acquisition
Yinson Holdings Bhd said it is awaiting the due diligence process in relation to the acquisition of Ezion Holdings Ltd, according to its CEO Lim Chern Yuan.
— The Sun Daily

SRC trial: Bank Negara man says found Jho Low’s name in phonebook of Najib’s bank manager
A Bank Negara Malaysia (BNM) officer found fugitive financier Low Taek Jho listed among contacts in a BlackBerry device seized from an AmBank relationship manager in charge of Datuk Seri Najib Razak’s personal accounts, the High Court heard today.
— Malay Mail

Grab warns of possible increase in fares with new regulations
With the possibility of fewer drivers on the road because of new regulations by the government, users may experience an increase in “dynamic” fares, says ride-hailing company Grab.
— The Star Online

Criticise, but don’t ignore Najib’s contributions, Zahid tells BN
Umno president Datuk Seri Ahmad Zahid Hamidi said critics were free to dispute Datuk Seri Najib Razak’s appointment as Barisan Nasional’s chief advisor but must not disregard the former prime minister’s contributions.
— Malay Mail

PM: Govt wants entrepreneurs with integrity, not scammers
Putrajaya hopes there will be more entrepreneurs with integrity, Tun Dr Mahathir Mohamad said today amid increasing reports of Malaysians turning to fraud, domestically and abroad. In his speech at the launch of the 2030.
— Malay Mail

Govt mulling new law to replace Sedition Act, says PM
Putrajaya is looking to repeal the controversial Sedition Act 1948 and replace it with a new law, Tun Dr Mahathir Mohamad said today. The prime minister said a decision will be made soonest possible.
— Malay Mail

MKN Bill withdrawn for further studies – Dr Mahathir
The National Security Council (MKN) (Amendment) Bill 2019 was withdrawn yesterday to carry out further studies following differing views over the legislation. Prime Minister Tun Dr Mahathir Mohamad said further studies have to be conducted to incorporate ideas presented to the government.
— The Borneo Post

Penang bids for 100pc efficient street lighting by 2020 with RM75m LED push
Penang is targeting to be Malaysia’s first state to use energy-efficient lamps for all street lighting by next year at a cost of about RM75 million, state exco Jagdeep Singh Deo said today.
— Malay Mail

MAHB’s exposure to expansion risks to increase, says Moody’s
Moody’s Investors Service cautioned that Malaysia Airports Holdings Bhd’s (MAHB) exposure to expansion risks could escalate over the next 12 months. This is on the back of potential changes to its responsibilities to develop new airport capacity under a new concession agreement as well as a new tariff-setting framework that will determine.
— The Sun Daily

Man wins 4D jackpot for the second time
Lady Luck smiled at a businessman from Malacca last week, bringing him the Magnum Jackpot 1 prize money of RM33 million.This is the second time the 40-year-old man has struck gold. A few years ago, he won the Magnum Jackpot 2.The man said he paired the car registration number with his favourite numbers — a combination he had stuck with for.
— The Sun Daily

Dr Jerip quits PSB with immediate effect
Assistant Minister of Transportation Datuk Dr Jerip Susil has announced that he is leaving Parti Bersatu Sarawak (PSB) with immediate effect. In a signed press release dated July 10, Dr Jerip said that the decision to leave was a “painful one to make”. “I have come to this decision after consulting the people and […]
— The Borneo Post

Perak exco man may be asked to take leave if probe drags on, says MB
The state executive councillor accused of raping his Indonesian maid may be asked to take leave if the police investigations take too long, says Perak Mentri Besar Datuk Seri Ahmad Faizal Azumu.
— The Star Online

Three Malaysian listed firms in 2019 Forbes Asia’s Best Under A Billion list
Three Malaysian listed companies made it to this year’s 200 top-performing public companies of Forbes Asia’s Best Under A Billion list.
— The Sun Daily

Former Treasury chief concedes no SRC showcases delivered despite RM4b KWAP loan
A former Treasury secretary-general agreed in court today that no marquee projects came of the RM4 billion that Retirement Fund (Incorporated) [KWAP] loaned to SRC International Sdn Bhd in 2011 and 2012.
— Malay Mail

Nestle gives back by cleaning up nine beaches
More than 600 employees of consumer goods company Nestle Malaysia “invaded” nine beaches across the country last week.But instead of floats and boats, they were armed with garbage bags and rakes. At the end of the campaign, they came away with 5.6 tonnes of waste.
— The Sun Daily

SRC got RM4 bil loan but has nothing to show for it, Najib trial told
Official involved in approving loan says money was given for venturing into natural resources sector but there is no project to show for it and that he doesn’t know what happened to the money.
— FMT News

Daibochi shareholders say yes to acquisition of Mega Printing & Packaging for RM125m
Daibochi Bhd has secured shareholders’ approval to acquire the entire equity of flexible plastic packaging player Mega Printing & Packaging Sdn Bhd (MPP) for RM125 million cash.
— The Sun Daily

Four arrested after raising ruckus at Judiciary Dept over tainted chili charge
A man claiming to represent a supermarket has been arrested for allegedly using criminal force to deter a deputy public prosecutor (DPP) from discharging his duties after the company was charged with selling pesticide-tainted vegetables.
— The Star Online

High youth unemployment normal for developing countries: Tun M
The high unemployment rate among youth – at 10.9% today – is not something unusual, considering that Malaysia is a developing country, according to Tun Dr Mahathir Mohamad.
— The Sun Daily

Youths should have characteristics employers look for in employees – Dr M
Tun Dr Mahathir Mohamad wants local youths to improve their personal qualities and attitudes to help them meet the characteristics employers look for in employees, such as committed, diligent, resilient and capable of working as a team.
— The Borneo Post

No details on RM2 million paid to Ku Nan-linked company, witness says
Former financial controller Lai Vui Kiong says he only received orders from Aset Kayamas director Chai Kin Kong to pay RM2 million to Tadmansori Holdings.
— FMT News

Unconscious man found at Metrocity confirmed to be Indonesian, dies later in hospital
A man, who was found unconscious near a commercial building at Metrocity in Matang here on Tuesday and later confirmed dead, was an Indonesian.
— The Borneo Post

PAS leader presses PM to seek public’s view before deciding Malaysia Airlines’ fate
PAS deputy president Datuk Tuan Ibrahim Tuan Man urged Prime Minister Tun Dr Mahathir Mohamad today to seek public opinion prior to any major changes at national carrier Malaysia Airlines Berhad. He said this should be done.
— Malay Mail

PM: Non-Muslims, Shi’ites free to practise own teachings, just don’t spread to Muslim Malaysians
Malaysians have religious freedom, but are restricted from propagating it to Muslims in the country, Tun Dr Mahathir Mohamad emphasised today.
— Malay Mail

MMEA nabs 34 foreign fishermen for poaching
The Malaysian Maritime Enforcement Agency (MMEA) has detained 34 foreign fishermen and seized three boats for fishing in Malaysian waters between 73 and 104 nautical miles from Kuala Kemaman on Monday.Kemaman Maritime Zone director Maritime Commander Rashidilhadi Abd Rashid said the suspects, aged between 16 and 59.
— The Sun Daily

Bursa Malaysia opens higher but retreats slightly thereafter
Bursa Malaysia opens higher but retreated slightly thereafter as market participants await fresh leads to garner momentum for the day.At 9.24am, the FTSE Bursa Malaysia KLCI (FBM KLCI) trimmed 0.47 of-a-point to 1,678.5 from Wednesday’s close of 1,678.5.
— The Sun Daily

JPJeBid online number plate bidding system extended to Kedah
The implementation of the JPJeBid online vehicle number plate bidding system was extended to Kedah for the KET registration series, the Road Transport Department (RTD) said.
— The Sun Daily

ARB makes maiden foray into Cambodia’s IoT and IT markets
ARB Bhd has entered into a memorandum of understanding (MoU) with Chean Chhoeng Thai Group Co Ltd (CCTG) to deploy Internet of Things (IoT) and information technology (IT) to the latter’s US$1.5 billion (RM6.2 billion) mixed development project in Phnom Penh, Cambodia.The total value for ARB’s IoT and IT project is not less than US$100.
— The Sun Daily

Zahid: Don’t dismiss offers to help out BN
The people should not dismiss anyone who is offering to help Umno and Barisan Nasional, says Datuk Seri Dr Ahmad Zahid Hamidi.
— The Star Online

Perak MB says exco Paul Yong may be ‘advised to go on leave’ if rape probe takes too long
Accused of rape, Perak executive councillor Paul Yong may be “advised to go on leave” if police investigation is prolonged, Datuk Seri Ahmad Faizal Azumu said today.
— Malay Mail

UWC best-performing new listing year to date
UWC Bhd, which made a strong debut on the Main Market of Bursa Malaysia yesterday, is the top performer so far among the new listings this year and third best performer over the past 12 months, in terms of first-day trading.
— The Sun Daily

Pump boats seized, illegals nabbed in fish bomb crackdown in Semporna
Sixteen illegal immigrants and seven pump boats were seized in a major marine police sweep in Sabah’s eastern Semporna waters as authorities look to wipe out illegal fish bombing activities statewide.
— The Star Online

Urgent need to deal with encroachment into Sarawak waters
KUCHING: Complaints by local fishermen that their fishing activities were badly affected by foreign vessels’ encroachment into Sarawak waters required the immediate attention of various authorities, said Jepak assemblyman Datuk Talib Zulpilip.
— The Borneo Post

Waytha: Govt will probe allegations birth control forced on Orang Asli
The government will investigate allegations that the Orang Asli were subjected to birth control medication in the past, says P. Waytha Moorthy.
— The Star Online

Khazanah, EPF against Maju Holding’s takeover bid of PLUS highways, Guan Eng clarifies
Finance Minister Lim Guan Eng today denied being the obstacle to Maju Holdings Sdn Bhd’s proposed takeover of PLUS Malaysia Berhad — the country’s largest highway toll concessionaire. Instead, he said the…
— Malay Mail

Guan Eng says waiting for police probe before deciding on DAP’s Perak exco accused of raping maid
DAP will only decide what to do with its Perak lawmaker Paul Yong after police wrap up its investigation into the sexual assault allegation filed by his Indonesian house help.
— Malay Mail

Sabah govt open to discussions with O&G players
The Sabah state government is open to discussions with industry players to ensure they can take the oil and gas (O&G) industry to even higher levels of success and create employment opportunities for locals.
— The Borneo Post

Scores of fishermen protest Penang artificial islands project outside Parliament
Carrying colourful placards in three languages as well as pots of fishbones, some 200 fishermen from Perak and Penang together with environmental activists demonstrated outside the gates of Parliament House this morning.
— Malay Mail

Sabah CM sees Bill for 13 new state seats sailing through Parliament
The Bill to add another 13 state constituencies in Sabah can be approved with only a simple parliamentary majority, Sabah Chief Minister Datuk Seri Shafie Apdal said to predict its smooth passage today.
— Malay Mail

25% of child sexual abuse cases in study involved perpetrators who were minors
A quarter of child sex offenders in a study were found to be children who preyed on other children, and many of them were themselves victims of such abuse.
— The Sun Daily

Public health board: Transgender’s appointment to ministry panel not unprecedented or endorsement of LGBT
Rania Zara Medina is not the first transgender appointed to the Health Ministry’s Country Coordinating Mechanism (CCM) committee, Malaysia Public Health Experts Association president Datuk Dr Zainal Ariffin Omar explained.
— Malay Mail

Appointing Najib as chairman of BN’s advisory board a regressive step: Nazri Aziz
Padang Rengas MP Datuk Seri Mohamed Nazri Abdul Aziz today described the appointment of former prime minister Datuk Seri Najib Abdul Razak as the chairman of the Barisan Nasional’s Advisory Board as a regressive step.
— The Sun Daily

 

Feature photo Borneo Rhino Alliance

This week’s Malaysia morning news feature photo focuses on Asean’s endangered species, here, the Sumatran rhinoceros (Dicerorhinus sumatrensis)

 

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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