Malaysia Morning News For May 28, 2020

Airline’s debt to balloon to $550 bln by year-end
The airline industry’s debt could rise to $550 billion ($1= RM4.36) by year-end, a massive 28 per cent or $120 billion increase over levels at the start of the year, according to the International Air Transport Association (IATA).
— New Sarawak Tribune

National creative industry policy must be improved
The National Creative Industry Policy must be re-assessed and improved to spearhead the growth of the national creative industry, said Communications and Multimedia Minister Datuk Saifuddin Abdullah.
— New Sarawak Tribune

Govt defends treatment of foreign workers during Covid19, including undocumented ones
The government has defended its treatment of foreign workers in the country during the Covid-19 pandemic.
— The Star Online

Axiata to pick two 5G vendors, in move that could curb reliance on Huawei
Axiata Group Bhd, Malaysia’s third-biggest telecom operator by subscribers, said it would select two equipment suppliers to roll out 5G services, opening the door for the likes of Ericsson to fight it out with dominant player Huawei.
— The Sun Daily

China Plus One Series: Understanding Malaysia’s Appeal to Foreign Investors
In recent years, many foreign companies based in China have started planning to move investment to alternative locations in Asia to supplement their operational capacity.
— Asean Briefing

Malaysia reports 15 new coronavirus cases with no new deaths
Malaysian health authorities on Wednesday reported 15 new coronavirus cases, raising the cumulative total to 7,619 cases.
— The Chronicle Herald

banks will spur financial innovation
While digital banks are disruptors relative to traditional banks and will intensify competition, their impact will be limited in the next three years, given the regulatory restrictions on their asset size, that is, not more than RM2 billion, said RAM Rating Sdn Bhd (RAM Ratings).
— New Sarawak Tribune

National Creative Industry Policy must be improved – Saifuddin
The National Creative Industry Policy (DIKN) must be re-assessed and improved to spearhead the growth of the national creative industry, said Communications and Multimedia Minister Datuk Saifuddin Abdullah (pix).
— The Sun Daily

Medac to allocate RM452.8m under entrepreneurs’ business recovery plan
The Ministry of Entrepreneur Development and Cooperatives (Medac) will allocate RM452.8 million to assist Covid-19 hit entrepreneurs under a business recovery plan to support the stability of the entrepreneurial ecosystem.
— The Sun Daily

MPOB expects CPO price to reach RM2,300 – RM2,400 per tonne
Crude palm oil (CPO) prices are expected to reach RM2,300-RM2,400 per tonne in the next few months, said Malaysian Palm Oil Board (MPOB) chairman, Datuk Ahmad Jazlan Yaakub.
— The Sun Daily

RAM Ratings: Digital banks pose limited threat to traditional banks
While digital banks are disruptors to traditional banks and will intensify competition, their impact will be limited in the next three years given the regulatory restrictions on their asset size, which is not more than RM2 billion.
— The Sun Daily

Malaysia still uses ‘Hydroxycholoquine’ cautiously to treat Covid-19 patients
The Ministry of Health (MOH) is constantly monitoring Covid-19 patients receiving treatment using anti-malaria drug, ‘Hydroxychloroquine’ to detect for any possible side effects.
— The Borneo Post

Adapting to new normal at Malaysian malls: Most shoppers, stores Covid-19 wary but not all
Face masks, hand sanitiser and antibacterial wipes have become essential items for Navamani Thevarajah whenever she runs errands at the shopping mall.
— Malay Mail

Employers to provide accommodation for foreign workers, says HR Ministry
Employers are tasked to provide accommodation for their foreign workers in all sectors, says the Human Resources Ministry.
— The Star Online

Interstate travel ban: Attending job interviews, auditing company accounts not valid excuses
Interstate travel is still prohibited for everyone, including company auditors and job interviewees, reiterated Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob.
— The Borneo Post

Legal and illegal immigrants are both treated fairly, says Ismail Sabri
The government treats all foreign workers fairly, said Senior Minister (Defence), Datuk Seri Ismail Sabri Yaakob (pix).
— The Sun Daily

Literary associations welcome Awang Sariyan’s appointment to DBP
Malaysian literary associations have welcomed the appointment of language and literature icon Datuk Dr Awang Sariyan (pix) as chairman of Dewan Bahasa dan Pustaka’s board of governors.
— The Sun Daily

National Creative Industry Policy must be improved, says minister Saifuddin Abdullah
The National Creative Industry Policy (DIKN) must be re-assessed and improved to spearhead the growth of the national creative industry, said Communications and Multimedia Minister Datuk Saifuddin Abdullah.
— Malay Mail

List of Covid-19 fake news today
The following is an update from the Communications and Multimedia Ministry (KKMM) Quick Response Team on countering fake news related to Covid-19 on social media.
— The Sun Daily

MACC Twitter account down due to technical glitch
The official Malaysian Anti-Corruption Commission’s (MACC) Twitter account @SPRMalaysia is temporarily down due to technical glitch and not being deactivated as claimed.
— The Borneo Post

TM, QL likely to be added to KLCI after review
Telekom Malaysia Bhd and QL Resources Bhd will likely replace Malaysia Airports Holdings Bhd and AMMB Holdings Bhd on the FBM KLCI, following the upcoming semi annual review of the FTSE Bursa Malaysia Index Series on June 4, according to a note by CGS CIMB.
— The Sun Daily

Foreign selling on Bursa slows to RM714.7m last week
The momentum at which offshore investors reduced their exposure in Bursa Malaysia slowed down slightly last week as international investors sold RM714.7 million net of local equities compared to RM843.2 million disposed in the week before.
— The Sun Daily

Selangor top cop says tightening security at MAEPS, migrants being cooperative so far
The Covid-19 quarantine and treatment centre at the Malaysia Agro Exposition Park Serdang (MAEPS) has come under heavy guard by the police to prevent illegal immigrants placed there from escaping.
— Malay Mail

CMCO: Public must have CAAM permit to fly a drone
Members of the public who wish to fly a drone during the Conditional Movement Control Order (CMCO) period must first apply and obtain a permit from the Civil Aviation Authority of Malaysia (CAAM).
— The Sun Daily

Ismail Sabri orders private business owners to strictly follow MOH’s guidelines in sanitising premises
Private business owners carrying out sanitisation efforts at their premises before resuming operations must strictly adhere to guidelines issued by the Health Ministry in terms of the disinfectant and chemicals used, Datuk.
— Malay Mail

Frost & Sullivan recognises virus-killing UVD Robots
Blue Ocean Robotics has been selected by Frost & Sullivan for its Best Practice ‘2020 European Professional Service Robots Product Leadership’ Award.
— New Sarawak Tribune

Public must obtain CAAM clearance to fly drones during CMCO, says senior minister
Members of the public who wish to fly a drone during the conditional movement control order (CMCO) period must first apply and obtain a permit from the Civil Aviation Authority of Malaysia (CAAM).
— Malay Mail

Ismail Sabri: 824 vehicles ordered to turn back yesterday, worst ‘balik kampung’ offenders in Selangor
Senior Minister Datuk Seri Ismail Sabri Yaakob today said that authorities stopped 824 vehicles that attempted to travel across state borders to balik kampung during the nationwide enforced conditional movement control order.
— Malay Mail

23 individuals compounded RM1,000 for attending Hari Raya gathering in Yan
Twenty-three individuals, including a woman, were slapped with RM1,000 compound each for attending a Hari Raya gathering at a house in Simpang Setia Jaya Guar Chempedak, Gurun in Yan last night.
— The Sun Daily

Floral businesses face staff shortage, supply disruptions and drop in revenue
Loosening of restrictions during the conditional movement control order (CMCO) has brought little relief to the floral industry.
— The Sun Daily

Ismail Sabri: Businesses required to obtain MOH guidelines, approval before sanitising premises
Private companies and businesses that wish to conduct sanitisation operations on their premises must first obtain the Ministry of Health (MOH) guidelines and approval, said Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob.
— The Borneo Post

Covid-19: Communications Ministry lists fake news being spread on May 26
The following is an update from the Communications and Multimedia Ministry’s Quick Response Team on countering fake news related to Covid-19 on social media.
— The Star Online

Don’t use sin taxes if you complain about drink driving, PCPA tells PAS
If you object to how the money is made, don’t spend it. That is the message the Penang Consumer Protection Association (PCPA) has for PAS over its complaint about drink driving.
— The Sun Daily

DBKL monitoring, cleansing of markets
Kuala Lumpur City Hall (DBKL) will continue to monitor the area around the walls of the Kuala Lumpur Wholesale Market to ensure that no foreigners use it to enter the market.
— The Sun Daily

OCBC Al-Amin eyes more green financing this year
OCBC Al-Amin Bank Bhd is looking at bringing its value-based intermediation (VBI) to a new level with more “green” financing projects this year.
— The Sun Daily

Here’s what you need to know about the accuracy of infrared body thermometers
What with the new normal having become a part of life since the enforcement of the Movement Control Order (MCO) and now the Conditional MCO since March, one cannot step into most premises without having their body temperature recorded.
— The Sun Daily

Review laws to stem cyber bullying: Lawyers
The rising incidence of fake news spread online as well as cyber-bullying all over the world warrant harsher penalties or a review of current laws.
— The Sun Daily

Man gets Federal Court’s nod to proceed with challenge of Selangor’s Shariah law criminalising unnatural sex
The Federal Court recently decided that it will proceed to hear a man’s constitutional challenge over a Selangor state law that makes it a Shariah offence to have unnatural sex, with the man’s legal challenge.
— Malay Mail

Contraction of economy in Singapore will have drastic impact on businesses and supply chain
An early recovery for Malaysia’s economy in the second half of 2020 seems unlikely if Singapore suffers a severe downturn.
— The Sun Daily

RoS urged to explain statement on Tun M’s position
The Registrar of Societies (RoS) should explain how it arrived at a decision to declare that Tun Dr Mahathir Mohamad is no longer Parti Pribumi Bersatu Malaysia (Bersatu) chairman.
— The Sun Daily

Show proof of loggers’ RM1b lawsuit, Dr Mahathir tells Kedah MB
Langkawi lawmaker Tun Dr Mahathir Mohamad has challenged the Kedah state government to prove that it has been issued with a RM1 billion lawsuit by logging companies after their concessions were revoked by the previous.
— Malay Mail

Surge in demand for e-learning classes
There has been a surge in e-learning across the country as the possibility of a quick return to the classroom becomes more remote.In Penang, where about 2,000 tuition and special skills learning centres have closed temporarily to prevent the spread of Covid-19, teachers are turning to virtual classrooms to conduct lessons.
— The Sun Daily

Vietnam first in Southeast Asia to resume competitive football with spectators
HANOI: Vietnam became the first country in Southeast Asia to resume competitive football with spectators with the first round of the 2020 national tournament being held over the weekend, the Asian Football Confederation (AFC) said on its official website on May 25, reported Vietnam News Agency (VNA).
— New Sarawak Tribune

Technical glitch shuts down MACC Twitter account
The Malaysian Anti-Corruption Commission (MACC) today denied that it had shut down its official Twitter account, explaining that the missing account is due to a “technical issue”.
— Malay Mail

Feature photo United Nations Photo
This week’s Malaysia morning news feature photo focuses on International Day of UN Peacekeepers, May 29.

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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