Malaysia morning news for June 19

Malaysia morning news for June 19

Malaysia morning newsMalaysia banks lead South-east Asian peers for board diversity
Malaysia’s large banks have the highest board representation for women across the South-east Asian region, outpacing peers in Singapore and the Philippines where the proportion is below 15 per cent.
— The Straits Times

Malaysia expects frozen durian exports to China to hit 1,000 metric tonnes monthly
Malaysia’s exports of frozen whole durians to China are expected to reach 1,000 metric tonnes every month, said the country’s Agriculture and Agro-based Ministry.
— Channel NewsAsia

Malaysian lorry entering Singapore caught with 3,000 cartons of contraband cigarettes
Officers of the island republic’s Immigration and Checkpoints Authority (ICA) caught a Malaysia-registered lorry with 3,000 cartons of duty-unpaid cigarettes at the Woodlands Checkpoint on Saturday.
— New Straits times

MAHB launches Malaysia’s inaugural observation deck at KLIA
Malaysia Airports Holdings Bhd (MAHB) today launched the country’s first outdoor aircraft observing deck (Anjung Spotter) at the Kuala Lumpur International Airport (KLIA).
— New Straits times

Malaysia: Durian price dips as supply increases
Malaysian durian lovers can now enjoy the fruit without having to fork out exorbitant prices. Durian Kaki co-owner Tan Chee Wei said prices for the King of Fruits had gone down in tandem with the supply increase of the tropical fruit.
— Fresh Plaza

Malaysia’s inconsistent pre-school standards affect future productivity, World Bank study shows
The quality of primary and secondary school education in Malaysia is only worth 9.1 years of schooling even though pupils study an average of 12.2 years, when compared to South Korea or Singapore, a World Bank study shows.
— Malay Mail

Malaysia’s Defense Corruption Challenge in the Spotlight
Last week, Malaysia’s defense ministry lodged a report with the country’s anti-graft agency over a previous non-delivery of helicopters.
— The Diplomat

Malaysia announces 3 new Premier Digital Tech Institutions
The Malaysian government recognised three additional universities – HELP University, International Islamic University Malaysia and Tunku Abdul Rahman University – as Premier Digital Tech Institutions, with aims to meet the demands of the digital economy.
— Study International

Measles outbreak in Malaysia is a ‘wake-up’ call
The common measles, combined with a fragile im­mune system and severe malnutrition, have been cited in the possible deaths of 15 Orang Asli of Kampung Kuala Koh in Gua Musang, says the Health Ministry.
— Eleven Myanmar

Hong Kong investors snap up affordable property in Malaysia with an eye on retirement
Homebuyers in Hong Kong are looking at Malaysian property as second homes and for retirement, with Kuala Lumpur, Penang and Johor Bahru garnering a lot of interest because of affordable prices amid a supply glut.
— South China Morning Post

Only 28% of Malaysian workers have a will
Only two million people, or about 28% of the total seven million people that make up the working population in Malaysia, have a will, according to MWD Wills Depository Sdn Bhd.
— The Star Online

Gobind: Government committed to woo high-tech investments
Malaysia remains committed to high-end manufacturing and industrialisation by identifying strategic partners that will help make this country a preferred destination for the high-tech industry players.
— Malay Mail

Malaysia Sees Trade Diversion Cushioning Impact of Tariff Wars
Malaysia’s central bank, which has already downgraded its economic growth outlook for this year amid an escalating trade war, sees a partial offset as companies shift operations from China to sidestep higher U.S. tariffs.
— Bloomberg

What is the best petrol credit card in Malaysia?
Even though Malaysians enjoy some of the cheapest fuel prices in the region, the amount of time we spend on the road each day means that a big chunk our monthly travel expenditure is spent on fuel (those dreaded peak-hour traffic jams don’t help either!) Of course, we can’t control fuel prices that are updated every week, but one sure thing we can do is to get a petrol cashback credit card.
— Malay Mail

Rapid to start commercial operations in Q4 2019: Lim
The Refinery and Petrochemical Integrated Development (RAPID) project is set to begin commercial operations in the fourth quarter of this year (Q4 2019), said Finance Minister Lim Guan Eng (pix) today. He said the project would turn Malaysia into a net exporter of refined fuels for the first time since 2008.
— The Sun Daily

US writer resurrects MH370 conspiracy, blames Malaysian officials for bungling protocol
Five years after the disappearance of Flight MH370 and all 239 people aboard, US writer and former pilot William Langewiesche returned to an old and unproven theory that posited its Malaysia Airlines pilot Captain Zaharie.
— Malay Mail

Malaysian banks top gender diversity in Southeast Asia
Women make up more than 30% of the boards of top Malaysian lenders in comparison with only 9% in the Philippines and 13% in Singapore.
— FMT News

Top Glove’s Q3 profit down 36.5% on rubber latex price spike, stiff competition
Top Glove Corp Bhd’s net profit fell 36.5% to RM74.67 million for the third quarter ended May 31, 2019 compared with RM117.57 million in the previous corresponding period, due to a surge in natural rubber latex price and strong competition.
— The Sun Daily

KKMM looks into overlapping tech agencies
Communications and Multimedia Ministry is looking into the need to coordinate a number of agencies in different ministries that are related to technology and innovations to avoid overlapping functions.
— The Borneo Post

Expected crude oil price rebound positive for oil, gas sector
The forecasted rebound in global crude oil prices is positive for Malaysia’s upstream sector as it will revive the industry appetite in exploration and development projects.
— The Star Online

Ex-SRC director Ismee denies pressured to implicate Najib in corruption trial
Malaysian Anti-Corruption Commission (MACC) officers did not exert any pressure to force Tan Sri Ismee Ismail to implicate Datuk Seri Najib Razak for corruption amid the former prime minister’s ongoing trial involving.
— Malay Mail

PCSB-MGB inks agreement with Selangor govt to develop affordable housing
PCSB-MGB Consortium, a consortium of PNSB Construction Sdn Bhd and MGB Bhd, has signed a development right agreement with the Selangor government to build 1,800 units of affordable homes at the price of RM250,000 per unit for the Idaman Cahaya development in Encorp Cahaya Alam.
— The Sun Daily

CyberSecurity Malaysia to provide technical expertise for sex video analysis
CyberSecurity Malaysia (CSM) confirms it has received a request to provide technical assistance to authorities over sex video clips implicating a minister.
— The Star Online

Mestron jumps to a high of 21 sen on market debut
Mestron Holdings Bhd rose to a high of 21 sen this morning following its debut on the ACE Market of Bursa Malaysia, a 31% jump from its offer price of 16 sen. At 11.36am, Mestron was trading at 18 sen with 281.14 million shares changing hands.
— The Sun Daily

Elections will be PAS-Umno vs Pakatan, says Tuan Ibrahim
PAS and Umno have agreed to join forces to fight the ruling Pakatan Harapan (PH) coalition in any election, the Islamist party’s deputy president said. Datuk Tuan Ibrahim Tuan Man told Utusan Malaysia in an interview.
— Malay Mail

Rabies: 40 pct of samples tested positive for disease, vaccination a must for pets
Rabies remains a major problem in the state, as eight out of 20 samples received by the State Veterinary Diagnostic Laboratory collected from Kuching, Bau and Serian divisions as of the first week of June were tested positive for rabies.
— The Borneo Post

Pekadin appeals to Gobind to approve telecommunication tower in Kiulu
The Sabah Kadazandusun Murut Welfare and Education Association (Pekadin) has appealed to Communications and Multimedia Minister Gobind Singh Deo (pix) for special approval for the construction of telecommunication tower in the Kiulu state constituency.Pekadin vice-president Saimon Malubi said the construction of.
— The Sun Daily

Malaysia’s unfortunate children
While Malaysia may have not performed the worst in ASEAN for Save the Children’s Global Childhood Report 2019, child abuse cases are still high in the country.
— The Asean Post

BNM appoints new assistant governor
Bank Negara Malaysia has appointed Aznan Abdul Aziz as assistant governor effective July 1, 2019.Aznan will be responsible for the payments oversight, financial conglomerates supervision, banking supervision, insurance and takaful supervision as well as risk specialist and technology supervision departments.
— The Sun Daily

I-Bhd to bank on property investment, leisure sectors for growth
I-Bhd is banking on its property investment and leisure segments to contribute half of total group revenue in five years.
— The Star Online

Put security assets where they’re needed, says Sabah CM
Chief Minister Shafie Apdal says security assets should be deployed in areas prone to cross-border crimes, not for political reasons but for national security.
— FMT News

AirAsia X looking to expand into Europe
PARIS: AirAsia X is looking into expanding its market and does not discount the possibility of re-entering the European market.
— The Star Online

Food delivery via drones in Cyberjaya by end of the month
Residents of the town will be able to enjoy food delivery service right at their doorstep with the help of drones by the end of the month (June).It would take 12 minutes for the food to be delivered once an order is placed, said Hamdee Hamdan, the chief executive officer of Average Drone Sdn Bhd, a local company.
— The Sun Daily

Company responsible for maintenance of Pitas-Kota Marudu roads queried
Community leaders and road users in Pitas are questioning the credibility of the construction company responsible for repair of the Pitas-Kota Marudu roads. Last week, local community leader Datuk Ng Loi Teck posted on his Facebook account that at least six areas were affected by roadworks that had been abandoned.
— The Borneo Post

Gobi Partners, MAVCAP, Sunway Group launch early-stage fund for Malaysian startups
The three forces have launched Malaysia Superseed Fund II for financing early-stage startups in the country Venture capital firm Gobi Partners announced that it has partnered with Malaysia Venture Capital Management Berhad (MAVCAP) and local conglomerate Sunway Group to launch their early-stage fund Malaysia SuperSeed Fund II.
— e27

Dr Wan Azizah’s statement clears Kelantan’s name: Deputy MB
KOTA BARU: The Kelantan government appreciates the statement issued by Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail (pix) confirming the death of individuals from Batek tribe in Kuala Koh, Gua Musang, has nothing to do with water pollution due to mining activities.Its Deputy Mentri Besar Datuk Mohd Amar Nik …
— The Sun Daily

Morsi death: Malaysia looking forward to thorough report from Egypt — DPM
KUALA LUMPUR: Malaysia is looking forward to the thorough report from Egypt on the cause of its former President Mohamed Morsi’s (pix) death, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said.She stressed that Malaysia acknowledged the statement by Egypt’s public prosecutor, but was still concerned with the …
— The Sun Daily

Rosmah: I wasn’t booted out of courtroom, left on my own accord
Datin Seri Rosmah Mansor has denied that she was forced out of the courtroom where her husband Datuk Seri Najib Razak is being tried for corruption, contrary to news reports earlier today.
— Malay Mail

KLCI heavyweights mostly higher, Mestron debuts to positive reception
FBM KLCI heavyweights were mostly positive in the morning session as they became targets of investor buying ahead of a possible rate cut by the US Federal Reserve later this week.
— The Star Online

Anwar’s aide denies fleeing to Manila safe house, clarifies still in the country
Datuk Seri Anwar Ibrahim’s political secretary today shot down blogger Raja Petra Kamarudin’s attempt to link him to a controversy involving Haziq Abdullah Abdul Aziz, pointing out he was not even at the airport where.
— Malay Mail

Couple in Penang thought to be child kidnappers only durian hunting, say police
The police today clarified that a couple whose faces were circulated on social media on suspicion of attempting to abduct a child were actually just lost visitors looking for one of Penang’s famed hybrid durians,
— Malay Mail

 

Feature photo Bank Negara Malaysia | Central Bank of Malaysia (Official)

This week’s Malaysia morning news feature photo acknowledges United Nations Public Service Day, June 23.

 

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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