Malaysia Morning News For October 9, 2019

No reason for Malaysia to reintroduce GST: PM Mahathir
The Malaysian government has no reason to reintroduce the Goods and Services Tax (GST) as frequent changes to the tax system will adversely affect the economy and lower investor confidence, said Prime Minister Mahathir Mohamad on Tuesday (Oct 8).
— CNA

PM: Country not affected by #BoycottMalaysia campaign by Indian social media users
Putrajaya has not received any feedback from the Indian government despite demands from social media users in the country to boycott Malaysia and Malaysian products, says Tun Dr Mahathir Mohamad.
— The Star Online

Budget 2020 should focus on well-being, boosting investors’ confidence, says think tank
The upcoming Budget 2020, to be tabled on Oct 11, should focus on holistic measures to ensure the well-being of all Malaysians are taken care of in terms of social safety net, as well as boosting investors’ confidence, amid recession fears in 2020, said think tank The Centre.
— The Sun Daily

Malaysia extends tax breaks to select firms, eyes investments
Malaysia Tuesday extended tax benefits to companies seeking to establish their regional or global headquarters in the country as part of a broader push to attract investments and create high-skill jobs when a lingering U.S.-China trade war clouds exports prospects and has prompted several multinationals to re-look at their supply chains.
— Nikkei Asian Review (paywall)

MAHB unit receives AirAsia, AirAsia X writ of summons
Malaysia Airports Holdings Bhd’s (MAHB) wholly owned subsidiary Malaysia Airports (Sepang) Sdn Bhd (MASSB) has been served with a writ of summons by AirAsia Bhd and AirAsia X Bhd.
— The Sun Daily

Bad weather in KL affects Senai airport flight schedules
Nineteen flights arriving to and departing from the Senai International Airport yesterday evening were delayed due to bad weather in Kuala Lumpur from 3pm.
— The Sun Daily

National Anti-Financial Crime Centre 2019 Bill tabled for first reading
The government today tabled the National Anti-Financial Crime Centre 2019 Bill to establish the National Anti-Financial Crime Centre.
— The Borneo Post

Soft loans for bamboo plantation industry
The Government will provide soft loans to encourage the growth of local bamboo plantation industry to reduce export dependence on major commodities such as palm oil and rubber.
— New Sarawak Tribune

Frequent changes to tax system will harm economy
There is no reason for the government to reintroduce the Goods and Services Tax (GST) as frequent changes to the tax system will adversely affect the economy, lower.
— New Sarawak Tribune

EPO signs reinforced partnership agreement with Malaysia
EPO President António Campinos and the Director General of the Intellectual Property Corporation of Malaysia (MyIPO), Dato’ Mohd. Roslan bin Mahayudin, signed a Memorandum of Understanding (MoU) on Reinforced Partnership between their two offices on the margins of the WIPO General Assemblies in Geneva yesterday.
— epo

Petronas Gas: First gas delivery under TPA will spur more interest
Petronas Gas Bhd (PGB), the gas business arm of the national oil company, is optimistic that the first delivery of gas under the Third Party Access (TPA) will attract more interest in the new gas importation mechanism.
— The Sun Daily

Stripe officially launches in Malaysia, to migrate more businesses online
Global company Stripe announced its partnership with Payments Network Malaysia Sdn Bhd (PayNet) to make FPX available to businesses in the country, marking its entry into the country.
— e27

Subsidise public transport, leading economist Jomo urges govt
Prominent economist Professor Jomo Kwame Sundaram has urged the government to subsidise public transport instead of giving fuel subsidies, as it would help the masses who depend on it.
— Malay Mail

Hotel bought at RM160mil valued at just RM80mil three years later, says witness at Isa Samad trial
A 2017 reassessment of Merdeka Palace Hotel and Suites in Kuching, bought by Felda Investment Corporation Sdn Bhd (FIC) at RM160mil in 2014, valued the property at just RM80mil, the High Court heard on Tuesday (Oct 8).
— The Star Online

Matrade organises 500 B2B meetings at IGEM 2019
The Malaysia External Trade Development Corporation (Matrade) will be organising more than 500 business-to-business meetings in conjunction with the 10th International Greentech and Eco Products Exhibition and Conference.
— New Sarawak Tribune

Penang can build its own People’s Housing Project, says Gerakan
The Penang government need not wait for Putrajaya to initiate the People’s Housing Project (PPR) scheme, the state chapter of Gerakan said today.
— Malay Mail

Immigration raids elderly care-giving agencies in Klang Valley, 40 foreigners nabbed
The Immigration Department detained 40 foreigners in multiple raids on premises run by elderly care-giving agencies in the Klang Valley, says Datuk Khairul Dzaimee Daud.
— The Star Online

Budget 2020: MAAC urges govt to review lecturers’ salary scheme
The Malaysian Academic Association Congress (MAAC) has urged the government to consider a better scheme and salary for lecturers in the country, in view of their contributions to society.
— The Sun Daily

Saddiq’s statement over Foodpanda not gov’t stand
Tun Dr Mahathir Mohamad said today the statement by Youth and Sports Minister Syed Saddiq Syed Abdul Rahman yesterday on the Foodpanda food delivery service did not reflect.
— New Sarawak Tribune

Subsidise public transport to really help B20
Prominent economist Professor Dr Jomo Kwame Sundaram has urged the government to subsidise public transport instead of giving fuel subsidies, as it would help the masses who depend.
— New Sarawak Tribune

First gas delivery to spur more interest
Petronas Gas Bhd (PGB), the gas business arm of the national oil company, is optimistic that the first delivery of gas under the Third Party Access (TPA) will.
— New Sarawak Tribune

PH — no to forming new govt with opposition
Prime Minister Tun Dr Mahathir Mohamad said Pakatan Harapan (PH) is not keen to cooperate with the opposition in forming a new government as suggested by an Umno.
— New Sarawak Tribune

CityOne blast: Sub-con charged for failing to provide safety measures prior to incident
A sub-contractor has been charged for failing to provide practical safety measures for members of the public at CityOne Megamall here prior to an explosion that killed three people and injured 41 others in December last year.
— The Borneo Post

SUPP Women chief: Retail price for RON95 should be further reduced for Sarawak
Sarawak Pakatan Harapan (PH) lawmakers should fight to reduce the capping retail price at RM2.08 per litre for RON95, instead of just being contented, Sarawak United People’s Party (SUPP) Women chief Kho Teck Wan said today.
— Malay Mail

Budget 2020 : Cyber security sector needs to be further strengthened
The country’s cyber security needs to be constantly refined and strengthened, inline with the advent of the ever-changing and complex digital age.
— The Sun Daily

Statelessness a security problem too, world needs to do more, says Muhyiddin
Statelessness is not just a socio-economic problem but has security repercussions for Malaysia and the region, Tan Sri Muhyiddin Yassin said at a United Nation Human Rights Council (UNHCR) on the issue in Geneva, Switzerland.
— Malay Mail

Review PSP mechanisme, government urged
Take a second look at the newly announced Fuel Subsidy Scheme (PSP), which is estimated to benefit 2.9 million vehicle owner-recipients of the Bantuan Sara Hidup (BSH) beginning early next year, the government was urged today.
— The Borneo Post

EPF CEO: We’ll consider selling stake in PLUS if good offer comes in
The Employees Provident Fund (EPF) will definitely consider divesting its stake in PLUS Malaysia Bhd if there is a good offer, says its chief executive officer, Tunku Alizakri Alias.
— The Sun Daily

Foreign outflow hit 8-week high of RM771m last week
Foreign funds exit from Bursa Malaysia intensified for the third week as they sold RM770.8 million net of local equities, the highest outflow in eight weeks.
— The Sun Daily

Sabah lawyers want answers over discharge for accused in child sex offence case
Sabah’s legal fraternity wants answers from the prosecution as to why they withdrew charges against a 53-year-old man who allegedly fondled a 10-year-old girl.
— The Star Online

Jho Low worked for free as TIA’s advisor, says witness
The High Court here was told Tuesday (Oct 8) that fugitive businessman Low Taek Jho or Jho Low was never paid for his services as an advisor of Terengganu Investment Authority Berhad (TIA).
— The Star Online

Internet users must take measures to prevent ID theft
Internet users must take proactive measures to prevent identity theft with cases related to it saw double-digit growth last year, RAM Credit Information Sdn Bhd (RAMCI) said.
— New Sarawak Tribune

Young Malaysian changemakers win international recognition
By the time she turned 17, Mathura Kanan was the chief executive officer of a social enterprise she started with three friends, Harsha Ravindran, Heerraa Ravindran and Sanadthkumar Ganesan.
— Star2.com

Mi Technovation plans 1-for-2 bonus issue
Mi Technovation Bhd proposed a bonus issue of up to 250 million shares.This will be undertaken on the basis of one bonus share for every two existing shares held, according to the group’s filing with Bursa Malaysia.
— The Sun Daily

Nation-guiding principles vital, Waytha reminds youth
The younger generation must not lose sight of nation-guiding principles such as the Rukun Negara, Minister in Prime Minister Department Waytha Moorthy (pix) said today.
— The Sun Daily

International community must give attention to issue of stateless persons: Muhyiddin
The issue of stateless persons is a critical problem which needs attention from the international community as it could have a negative impact not just on the affected nations but also to the whole region.
— The Sun Daily

National Disaster Relief Fund to coordinate aid contribution
The government has agreed to form the National Disaster Relief Fund (TBBN) to encourage the public to assist in disaster management, said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail.
— The Borneo Post

Miri City Council to go all out to fight dengue outbreak in the area
Miri City Council (MCC) will give top priorty to curb the dengue outbreak in the city with the focus on two residential areas that had been hard hit by the deadly disease.
— Malay Mail

No B40 petrol subsidy programme in East Malaysia, says Saifuddin
However, the domestic trade and consumer affairs minister reiterates that the price of RON95 there will be capped at RM2.08 per litre.
— FMT News

Direct negotiations on govt procurement if fulfills criteria
Direct negotiations involving government procurement can be considered, but only if it fulfills certain specific criteria, the Dewan Rakyat was told.
— The Sun Daily

Dr Sim: Sarawak needs different approach in health services
The national norms used for the whole country cannot be applied to Sarawak when it comes to building more hospitals and having more specialists.
— The Borneo Post

Review fuel subsidy mechanism, government urged
Take a second look at the newly announced Fuel Subsidy Scheme (PSP), which is estimated to benefit 2.9 million vehicle owner-recipients of the Bantuan Sara Hidup (BSH) beginning early next year, the government was urged yesterday.
— The Sun Daily

MACC compound notice: ITBM received money for publishing books
The Malaysian Institute of Translation and Books (ITBM) which is said to be among the entities to have received money from 1Malaysia Development Bhd (1MDB) explained that the money it received was for book publishings and sales, without being aware of the original source of the money.
— The Sun Daily

Melaka religious school head remanded for sexual harassment after allegedly bombarding male students with massage requests
A religious school head in Bemban has been remanded for seven days until Friday on suspicion of attempted sexual harassment of a 14-year-old tahfiz student since last year.
— Malay Mail

GE14 documentary is M’sian entry for Oscar’s International Feature Film award
GE14 documentary, M For Malaysia, is set to compete against 92 other films for the Best International Feature Film award at next year’s Oscars.
— Star2.com

SDS posts 11% premium on ACE debut
SDS Group Bhd shares recorded a 2.5 sen or 10.9% premium to 25.5 sen against its offer price of 26 sen for its listing on the ACE Market of Bursa Malaysia today.
— The Sun Daily

Feature photo WCS Malaysia

This week’s Malaysia morning news feature photo focuses on World Habitat Day, October 7.

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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