Malaysia Morning News For July 19

Malaysia Morning News For July 19
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Malaysia morning newsMalaysia announces royal inquiry to investigate Mahathir-era forex scandal
The Malaysian government formally established a Royal Commission of Inquiry (RCI) on Tuesday (Jul 18) to investigate a multi-billion-dollar foreign exchange scandal involving the central bank in the 1980s and 1990s.
Channel NewsAsia 

PTT, Petronas to develop LNG plant in Malaysia
PTT Plc, the national oil and gas conglomerate, plans a joint venture with Malaysia’s national oil and gas firm, Petroliam Nasional Berhad (Petronas), to develop a natural gas liquefaction facility in…
Bangkok Post 

Railways redevelopment of 7 stations: Malaysian companies set to enter race for Udaipur, Indore, Bandra, Pune, other projects
A Malaysian delegation on Tuesday met railway officials and showed interest in redeveloping seven railway stations across the country. These stations include those in Udaipur City, Indore, Howrah, Faridabad, Secunderabad, Bandra and Pune — as reported by FE on June 21.
Financial Express 

Allianz stops fake insurance claims worth RM5.6mil
Allianz General Insurance Co (M) Bhd has stopped bogus insurance claims worth RM5.6mil between 2014 and 2016.
The Star Online 

Accounting professionals should embrace technology
Players in the accounting profession should embrace digital technology to meet their customer’s expectations.
The Borneo Post 

Fast Asia Open: Hong Kong rates decision, Malaysia consumer prices
Goldman Sachs has suffered its worst-ever quarter in commodities, leaving the bank’s overall fixed-income division with a 40 per cent collapse in revenue and putting it on course to dramatically underperform its Wall Street rivals for the second quarter in a row.
The Financial Times 

Employment levels in Malaysia rebound in Q3 2017
Malaysia’s businesses have remained marginally optimistic in Q3 2017. According to Dun & Bradstreet (D&B) Malaysia’s Business Optimism Index (BOI) study, overall BOI increased to +3.40 percentage points, up from +3.07 percentage points in Q2 2017.
Human Resources Online 

Malaysian developer targets owner-occupiers in Southbank
Malaysian developer OSK Property is firmly staking its $2.8 billion mixed-use complex Melbourne Square on a rise in owner-occupier demand with 78 per cent of apartments offered having two or more bedrooms.
The Sydney Morning Herald 

S’pore Rowsley to buy healthcare assets from M’sia and S’pore
Rowsley Ltd, a Singaporean real estate firm, said it planned to buy healthcare assets from its controlling shareholder for up to S$1.9 billion ($1.4 billion) to help diversify its portfolio.
The Star Online

France indicts 2 former bosses in Malaysia submarine graft case
French investigators have indicted two former top executives in a long-running probe into alleged kickbacks from the 2002 sale of submarines to Malaysia, sources close to the inquiry said on Tuesday (Jul 18).
Channel NewsAsia 

Mah leads palm oil, rubber promotional mission to the Philippines
Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong is leading an Economic and Promotional Mission on palm oil and rubber to the Philippines from July 18 to 20.
New Straits Times 

IJM bags RM450.9 million office tower contract via subsidiary
IJM Corporation Bhd (IJM) has bagged an RM450.9 million office tower contract via its wholly-owned subsidiary – IJM Construction Sdn Bhd (IJM Construction).
The Borneo Post 

June inflation to ease further amidst downtrend in retail fuel prices
RAM Ratings (RAM) expects Malaysia’s inflation to ease to 3.7 per cent in June this year — signalling a third successive month of inflationary decline — on the back of easing inflation pressures from fuel prices.
The Borneo Post 

Ekovest lines up RM16.5b worth of projects within KL River City
Ekovest Bhd will be developing 60 acres of land within the KL River City project launched yesterday, with a total gross development value (GDV) of RM16.5 billion.
The Sun Daily

Ekovest launches KL River City project, shares jump
Ekovest Bhd had on Tuesday launched the KL River City project which is set to revive and transform the northern part of Kuala Lumpur.
The Star Online 

Infectious diseases making comeback
Every year, more people die of tuberculosis (TB) than from dengue and HIV-related complications.
The Star Online 

Purchase of RM330 million hotel: MACC questions 4 senior FIC officers
Four senior officers of Felda Investment Corporation (FIC) had their statements recorded at the Malaysian Anti-Corruption Commission’s (MACC) headquarters today on the FIC purchase of a RM330 million hotel in Kensington, London.
Free Malaysia Today 

More Muslim women seeking divorce because of abuse, SIS reveals
More Muslim women are initiating divorce from their husbands due to domestic violence, according to cases handled by Sisters in Islam’s (SIS) legal service.
The Malay Mail Online 

Bandar Malaysia shaping up as Chinese-Japanese battle
THE fight to develop Bandar Malaysia is turning into a battle of heavyweights from China and Japan.
The Malaysian Insight 

Malaysia not a failed nation, says Najib
Prime Minister Datuk Seri Najib Tun Razak has reiterated that Malaysia is not a failed state either in terms of the Islamic development or infrastructure facilities for the people.
The Edge Markets 

Malaysia releases Thai ex-separatist leader
Malaysia has released a former senior leader of the Pattani United Liberation Organisation (PULO) Ismail Ternang after he was found innocent.
Thai PBS 

The failure of the Muslim support system
Suicide is considered a sin in many religions, and is a crime in Malaysia. Is there a helpline, similar to “The Samaritans” or “The Befrienders”, for Muslims who are contemplating suicide, to seek help and counselling?
Free Malaysia Today 

AirAsia sale: Malaysia flights now down to $255 return
If you’ve hit that mid-year lull and are desperately yearning for a warm break, then AirAsia has come to the rescue. It’s latest sale brings discounted fares to numerous South East Asian destinations with the capital of Malaysia, Kuala Lumpur, championing as one of the cheapest and best. In our humble opinions.


Feature photo John Walker
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 is published M-F by AEC News Today: Governance, not government; policies not politics.



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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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