Malaysia morning news for June 27

Malaysia morning news for June 27

Malaysia morning news

Govt to finance highway deal through RM6.2 bil bond issuance, says Guan Eng
Finance minister says the issuance of the bond comes at no cost to the federal government.
— FMT News

Natural gas industry can play pivotal role in Malaysia’s sustainable future
Malaysia’s natural gas industry can play a pivotal role in fuelling a sustainable future for the country. Deputy Minister of Economic Affairs Dr Mohd Radzi Md Jidin said as the world’s fourth largest exporter of liquefied natural gas, Malaysia holds a significant position in the global market.
— The Borneo Post

Malaysia’s CPI increases 0.2% in May 2019
The Consumer Price Index (CPI) increased 0.2% in May 2019 to 121.4 as compared to 121.1 in the same month of the preceding year.The main groups that contributed to the overall increase in the index were housing, water, electricity, gas & other fuels (+1.8%), alcoholic beverages & tobacco (+1.3%), food.
— The Sun Daily

Purchase of four highways will ensure concession periods not extended, says Putrajaya
The Finance Ministry said today that its proposal to buy over four tolled highways will ensure that the companies’ concession periods are not extended, as they are set to expire between nine to 23 years from now.
— Malay Mail

Petronas Chemicals to collaborate on circular economy for plastics
Petronas Chemicals Group Bhd (PCG) is partnering chemical recycling firm Plastic Energy Ltd to address the issue of plastic waste in Malaysia that cannot be recycled by conventional means.
— The Star Online

Four businessman charged with selling unlicensed communications equipment
Four businessmen were charged in Petaling Jaya and Kuala Lumpur sessions courts for possessing and selling unlicensed communication equipment, Android TV boxes and AV sender equipment. They were fined a total of RM70,000.Malaysian Communications and Multimedia Commission (MCMC) enforcement and investigation head.
— The Sun Daily

MACC: Loopholes within foreign visa system will be reported to Home Ministry
The Malaysian Anti-Corruption Commission (MACC) will immediately send a report to the Home Ministry if any loopholes and disadvantages were found in the overseas visa (VLN) system and procedures.
— The Star Online

SEB expected to export electricity to Brunei, Sabah by end of 2022
Sarawak Energy Berhad (SEB) is expected to export electricity to Brunei and Sabah under the Borneo Grid by the end of 2022. Its group chief executive officer Datu Sharbini Suhaili said the connection to Brunei could be realised earlier due to the proximity of Miri, Sarawak to the Sultanate.
— The Borneo Post

KL rises in world’s most expensive cities list
Eight of the world’s top 10 most expensive cities are located in Asia as a result of the region’s high costs for consumer goods and a dynamic housing market, with Kuala Lumpur (No. 141) rising four places.
— The Sun Daily

Consumers in Malaysia unhappy with e-commerce delivery experience: Study
About 43% of consumers in Malaysia are unhappy with their e-commerce delivery experience, according to a survey by Parcel Perform and meta-search website iPrice Group. The survey showed Malaysia reports the longest transit time in the region, with deliveries taking 5.8 days versus a regional average time of 3.3.
— The Sun Daily

Malaysia seizes thousands of smuggled turtles at airport
Malaysian authorities have seized more than 5,000 baby turtles discovered in luggage at Kuala Lumpur airport.
— BBC

Malaysia reopens probe into kidnapping of Shia activist, pastor
Move comes after public inquiry concludes police’s intelligence officers were behind the religion-linked abductions.
— Aljazeera

Will Malaysia End Its Archaic Suicide Law?
The repeal of a colonial-era law could help to destigmatize mental illness.
— The Diplomat

Malaysia steps up checks to halt plastic waste imports | Video
Malaysian authorities have stepped up checks on containers to stop plastic waste from being brought into the country. The crackdown comes after thousands of tons of non-recyclable plastic waste ended up at illegal dump sites near Port Klang outside Kuala Lumpur. Melissa Goh reports.
— Channel NewsAsia

Malaysia’s E&E sector told to leverage on US-China trade war
The Malaysian electrical and electronics (E&E) sector should seize the opportunities arising from the escalating US-China trade war to further grow the industry, said The National ICT Association of Malaysia (Pikom).
— The Sun Daily

Yinson posts RM49.8mil net profit in Q1
Yinson Holdings Bhd, the oil and gas offshore services company, said net profit fell in the first quarter ended April 30 due to the lack of one-off gains that boosted earnings last year.
— The Star Online

Mah Sing to focus on affordable housing at strategic locations
Mah Sing Group Bhd will give more focus on building affordable housing at strategic locations to support the government’s initiatives to boost house ownership, as well as to meet the market’s demand. Founder and managing director Tan Sri Leong Hoy Kum said the move would augur well for the group’s growth.
— The Sun Daily

Ringgit ends lower against US dollar in line with regional peers
The ringgit closed easier against the US dollar today in line with regional currencies after the US Federal Reserve (Fed) cooled market expectations for aggressive policy easing in July.At 6pm, the local currency stood at 4.1450/1500 versus the greenback compared with 4.1440/4470 on Tuesday.
— The Sun Daily

Bursa Malaysia ends lower
Bursa Malaysia fell today, taking the cue from under-performing global markets, as investors stayed on the sidelines.At the close, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 2.12 points to end at 1,674.49 compared to Tuesday’s close of 1,676.61.
— The Sun Daily

Better focus on preserving PAS and Umno’s ‘marriage’, Perak MB tells Tuan Ibrahim
PAS deputy president Datuk Tuan Ibrahim Tuan Man should not be overly concerned with Pakatan Harapan’s (PH) viability but with his party’s alliance with Umno, the Perak mentri besar said today.
— Malay Mail

Perak MB says sought Wisma Putra’s help to engage Thai govt over Betong airport
Perak has sought Wisma Putra’s assistance to discuss with the Thai government over the use of its airspace in view with the opening of the Betong airport near the border town of Pengkalan Hulu in 2021.
— Malay Mail

MACC to file more civil forfeiture suits over 1MDB
Malaysian Anti-Corruption Commission (MACC) will be filing more forfeiture suits against individuals and entities that allegedly received funds belonging to 1MDB.Its deputy commissioner (Operations) Datuk Seri Azam Baki however declined to disclose who the latest respondents were, when approached by media at the.
— The Sun Daily

Umno drops several proposed amendments to party constitution
Umno has dropped several proposed amendments to the party constitution that could cause a split in the party.
— The Star Online

Reintroduce inheritance tax to bridge rich-poor gap, CAP tells Putrajaya
It says inheritance tax rate should be 50% for estates valued at between RM2 million and RM3 million, with progressive increases as the inheritance amount gets higher.
— FMT News

Dump expensive legacy broadband plans, iMoney tells Malaysians
Financial comparison portal iMoney encouraged Malaysians to seek out the best broadband deals after a government policy reduced broadband prices by 30 per cent and quickened speed by tenfold.
— Malay Mail

MAS offers 6.5 million promo seats
From now until June 27, 2019, Malaysia Airlines is offering 20% off on fares for business and economy class flights to all its domestic destinations with departures from Kuala Lumpur.
— The Star Online

RM3.1 mln transaction to Azmin’s account does not exist
The alleged transfer of $741,440 (about RM3.1 million) from engineering giant UEM Group Berhad into a bank account purportedly belonging to Economic Affairs Minister Datuk Seri Mohamed Azmin.
— New Sarawak Tribune

Malaysia moves closer towards natural gas market liberalisation
Malaysia is moving closer towards its effort to open up its natural gas market.
— The Star Online

TA Global to launch two projects worth RM2.9b GDV this year
TA Global Bhd is planning to launch two projects with a combined gross development value (GDV) of RM2.9 billion this year.The projects are Alix Residences in North Kiara and TA3&4 in KLCC with GDV of RM507 million and RM2.4 billion respectively.
— The Sun Daily

Scientex Q3 earnings up 19.2%, declares 10 sen dividend
Scientex Bhd’s net profit for the third quarter ended April 30, 2019 jumped 19.2% to RM72.88 million from RM61.14 million a year ago, in line with the higher sales recorded in the quarter. The group achieved revenue of RM828.46 million, an increase of 38.9% compared with RM596.42 million recorded.
— The Sun Daily

Water disruption in Shah Alam and Klang due to burst pipe
Water supply disruption in 31 areas around Shah Alam and Klang occurring since early this morning was due to a burst pipe incident near Dataran Automobil in Section 15, here.Pengurusan Air Selangor Sdn Bhd’s head of customer relations and communication Abdul Raof Ahmad said the incident affecting a major 1,050mm.
— The Sun Daily

No conflict of interest in police co-op, come see for yourself, deputy IGP tells C4
Any groups who are concerned about a possible conflict of interest arising from police running businesses through the Police Co-operative (KPD) can seek a clearer explanation of existing regulations from the men in blue.
— Malay Mail

Affordable housing: No official records showing state govt submitted land to federal ministry – Voon
Special officer to the federal Housing and Local Government Ministry Voon Shiak Ni said there were no official records showing that the state government had submitted 10 parcels of land to the federal ministry for affordable housing as mentioned by state Local Government and Housing Minister Datuk Dr Sim Kui Hian.
— The Borneo Post

United agree deal for Wan-Bissaka
Wan-Bissaka is set to be the second new arrival at Old Trafford in the close season.
— FMT News

Women’s group slams Pakatan for not backing UN labour treaty on workplace harassment
A women’s rights group today criticised the government and the Malaysian Trades Unions Congress’ (MTUC) decision to abstain from supporting an international treaty on harassment at work.
— Malay Mail

Samsung unveils new SmartThings equipment for the smart home
Samsung introduces three new Smart Things to their existing line-up for the smart home.
— FMT News

Ex-Wisma Putra sec-gen is new Suhakam chairman
Former Foreign Ministry secretary-general Tan Sri Othman Hashim will be the new chairman of the Human Rights Commission of Malaysia (Suhakam), the Prime Minister’s Office announced today.
— Malay Mail

Kuala Koh Batek tribesmen’s lives back to normal: Wan Azizah
The orang asli community in Kampung Kuala Koh, Gua Musang, Kelantan, who lost 15 members to a measles outbreak recently, have returned to normal lives and their daily routines.
— The Sun Daily

PMO announces appointment of eight new Suhakam members
The Prime Minister’s Office has announced the appointment of eight new members of the Human Rights Commission (Suhakam), with Tan Sri Othman Hashim named as its chairman.
— The Star Online

SAPP: Sabah govt statements about Papar dam, TAED ‘huge disappointment’
The Sabah government’s statements about the Papar dam and the Tanjung Aru Eco Development (TAED) project are a “huge disappointment” for the people of Sabah, says the Sabah Progressive Party (SAPP).
— The Star Online

MASKargo receives halal certification, ready to tap US$2 trillion market
The cargo division of Malaysia Airlines Bhd, MAB Kargo Sdn Bhd (MASkargo) is ready to tap into the global halal market worth US$2 trillion per annum, now that its halal shipments handling capability has received the Malaysian Halal certification.
— The Star Online

Losses in Tenaga, Sime Darby Plantations drags KLCI down
Bursa Malaysia closed lower on Wednesday, in line with regional peers, following U.S. Federal Reserve chief’s remarks dashed investor expectations on imminent rate cut.
— The Star Online

Cast aside emotions in caning issue, urges Maszlee
Education minister says this case will be handled fairly according to the existing regulations and the findings will be made public.
— FMT News

Customs foils attempt to smuggle over 5,000 terrapins
Malaysian customs officers arrested two Indian men attempting to smuggle over 5,000 terrapins through the country to be sold as pets, officials said today.  The South-east Asian country, home to rare animals such as.
— Malay Mail

Ex-High Court judge to lead team to probe Pastor Koh, Amri’s disappearances
The Special Task Force to investigate the disappearances of Pastor Raymond Koh and Amri Che Mat will be led by former High Court judge Datuk Abd Rahim Uda.Home Minister Tan Sri Muhyiddin Yasin today said it would also have five other members to assist Abd Rahim.
— The Sun Daily

Serba Dinamik to organise Beyond Paradigm Summit 2019 in KL, Kuching
In its quest to propel and inspire businesses to the forefront of digital transformation era, Serba Dinamik Holdings Berhad will be hosting “Beyond Paradigm Summit 2019” next month,
— New Sarawak Tribune

Make MM2H more lenient to help resolve property overhang
The government should not be too stringent on China residents from buying local property under the Malaysia My Second Home (MM2H) programme as these group of buyers can help to resolve the property overhang situation prevalent in the country.
— The Star Online

Buddhist Tzu-Chi Merits Society sets up RM200m community centre in Batu Kawan
International non-profit organisation, the Buddhist Tzu-Chi Merits Society, will be building a RM200 million Community Education Centre in Batu Kawan after buying 30 acres of land from the Penang Development Corporation.
— Malay Mail

Straits Inter Logistics signs bunkering services agreement with Bintulu Port
Straits Inter Logistics has entered into a provision of bunkering services agreement with Bintulu Port Sdn Bhd (BPSB) for a contract period of three years, with the option to renew for not more than two years to be mutually agreed upon.
— The Star Online

Media agency named in 1MDB civil forfeiture suit says worked on Najib’s branding campaign
A media agency named in the civil forfeiture suits filed by the Malaysian Anti-Corruption Commission (MACC) in a bid to recover RM270 million worth of funds related to 1MDB has said that it will fully cooperate with the.
— Malay Mail

Facebook launches third-party fact-checking programme in Malaysia
From now, news publishers in Malaysia must be mindful of publishing misinformation on Facebook following the launch of a third-party, fact-checking programme by the social media platform in partnership with Agence France-Presse (AFP) today.
— The Borneo Post

Penang council hauls up resort landowner for illegal wall works that killed four from Myanmar
Penang Island City Council (MBPP) will be issuing a notice to the landowner of Lost Paradise Hotel in Batu Ferringhi for building a retaining wall without a permit, resulting in its collapse and the death of four Myanmar.
— Malay Mail

Penang trader acquitted of drug trafficking charge, escapes gallows
A trader here heaved a sigh of relief when the High Court here acquitted and discharged him on a drug trafficking charge. Judge Datuk Akhtar Tahir ordered the release of Ranjeev Singh Shayni, 35, after finding that the.
— Malay Mail

Still room for discussion on rejection of FGV directors’ perks, says deputy minister
There is still room for discussion, following an unprecedented move by the major shareholders of FGV Holdings Bhd in rejecting resolutions pertaining to the payment of fees and benefits to the company’s board of.
— Malay Mail

Customs thwarts attempt to smuggle RM6m to Singapore in single biggest haul to date
Two Malaysian men have been charged with attempting to smuggle RM6.356 million worth of undeclared local and foreign currencies out of Malaysia to Singapore through the Second Link checkpoint in Gelang Patah.
— Malay Mail

Anti-drugs pilot project to be implemented in 12 areas nationwide: Nada
A total of 12 areas nationwide have been selected to implement a pilot project to combat drug-related issues beginning July 1, National Anti-Drug Agency (Nada) director-general Datuk Seri Zulkifli Abdullah said yesterday.
— The Sun Daily

After referendum says aye, Perak MB says still undecided on rebuilding wet market
The state government still needs to discuss whether the Pasir Pinji wet market should be rebuilt even after a referendum in which most voted yes, says Perak Mentri Besar Datuk Seri Ahmad Faizal Azumu.
— The Star Online

Straits Inter Logistics inks bunkering contract with Bintulu Port
Straits Inter Logistics Bhd’s 55% subsidiary Tumpuan Megah Development Sdn Bhd (TMD) has entered into an agreement with Bintulu Port Sdn Bhd (BPSB) for the provision of bunkering services for three years.The contract will be commencing from Aug 1, 2019 with the option to renew for not more than two years.
— The Sun Daily

 

Feature photo Khalzuri Yazid

 

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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