Malaysia Morning News For August 7

Malaysia Morning News For August 7
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Malaysia morning newsMalaysia maintains strong growth on govt measures
Malaysia has been able to sustain its strong economic growth over the years, driven by measures introduced by the government including the National Transformation Programme (NTP) which was launched in 2010.
The Borneo Post 

Capital market momentum in Malaysia to continue in second half
The capital market’s momentum seen so far is expected to continue in the second half of the year, says CIMB Investment Bank Bhd chief executive officer Datuk Kong Sooi Lin.
The Star Online 

Better corporate earnings seen in second quarter
The road to recovery was the theme during the earnings reporting season for the first quarter of this year (1Q17). As the 2Q17 earnings season gets underway, investors are moving on to the next theme — that of sustainable revenue and earnings growth.
The Edge Markets

Positioning Malaysia at the forefront of low carbon cities
URBAN development is the primary producer of greenhouse gas (GHG) emissions that contribute to climate change. Fuelled by rising population, the situation will worsen unless steps are taken to implement green and sustainable development.
New Straits Times 

Smart city-like project in Malaysia woos investors
A NEW CITY of 6 million square metres is being planned for the Iskandar Region of Malaysia. Country Garden Pacificview (CGPW), the master developer of Forest City, is seeking investors for its US$100 billion (Bt3.3 trillion) project, with CEO Baiyuan Su trumpeting the project as Southeast Asia’s first and largest mixed-use green development with a “smart city” design theme.
The Nation 

Malaysia’s exports to grow at solid pace from strengthening global economy
Malaysia’s exports will remain growing at a solid pace this year as synchronised economic performance in both major and emerging economies are expected to boost the country’s trade performance, analysts observed.
The Borneo Post

June global semiconductor sales surge to RM140 billion
Global sales of semiconductors rose nearly one-quarter in June 2017 to US$32.6bil (RM140bil) from a year ago, boosted by sales in the Americas, says the Semiconductor Industry Association (SIA).
The Star Online

Industry 4.0 experts to speak at conference next month
The Industry 4.0 and Digitalisation conference which will be organised next month, is expected to be an important knowledge-sharing platform with regard to Malaysia’s human capital development for the fourth industrial revolution.
The Star Online 

MPOB To Fund Smallholders’ Audit Fees To Be MSPO-Certified By 2019
The Malaysian Palm Oil Board (MPOB) will fully fund auditing fees for smallholders so as to be Malaysian Sustainable Palm Oil (MSPO) certified by 2019.
Malaysian Digest 

The controversy over the Employment Insurance Scheme
Human Resources Minister Richard Riot Jaem tabled the Employment Insurance Scheme (EIS) Bill 2017 at the Dewan Rakyat on Tuesday for first reading.
Free Malaysia Today 

Malaysia Bans Book Promoting Moderate Islam for ‘Undermining Order’
Deputy Prime Minister Ahmad Zahid Hamidi declared that anyone who violates the ban of the book, which was published in neighboring Singapore, risks a prison sentence of up to three years.

Don’t slot bitcoin into your retirement portfolio, says financial planner
Bitcoin investments have undeniably become a trend among savvy investors in search of the golden goose, but one financial planner is against the use of it as part of the financial planning portfolio for retirement.
The Sun Daily 

Disgruntled $16-a-day earners may seal Najib’s fate in Malaysia
In Malaysia’s capital, a banana fritter seller fastens helmets on his two children and helps them onto his motorcycle. A third child stays with a school bag on the footpath outside their flat. He’ll need to wait for his father to come back.
The Edge Markets 

Easing lending guidelines not the solution: HBA
Relaxing banks’ lending criteria is not the solution to address the issue of access to affordable housing loans, said the National House Buyers Association (HBA) secretary-general Chang Kim Loong.
The Sun Daily 

MMHE’s value – emerging or disappearing?
Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) value is starting to emerge as most of its projects will be delivered from FY18, and its marine business segment remains strong, said RHB Research Institute.
The Sun Daily 

Employers fret over EIS
The Kuching Chinese General Chamber of Commerce and Industry (KCGCCI) disagrees that the Employment Insurance Scheme (EIS) will not burden employers in terms of costs.
The Borneo Post

Ministry to explore new markets to boost palm oil exports
The Ministry of Plantation Industries and Commodities is committed to explore new markets to further increase palm oil exports.
The Borneo Post 

No plastic vegetables sold at Tawau supermarket – Ministry
Tawau Ministry of Trade and Industry of Cooperatives and Consumerism (KPDNKK) Office head, Sam Aminuddin has denied reports that went viral on social sites claiming that plastic vegetables are sold at a supermarket here.
Astro Awani 

Tourism Malaysia taking steps to ease immigration congestion at airports
Concerned about the delays and congestion experienced by tourists at Malaysia’s airports and immigration counters, Tourism Malaysiais taking steps to address the situation.

Gov’t’s commitment for Sabah-wide certification could halt declining Orang Utan
Sabah’s commitment to jurisdictional certification of its palm oil could be the answer for landscape level conservation of high conservation value (HCV) forests outside of protected areas in the Kinabatangan region.
New Straits Times 

AirAsia Celebrates Asean’s Golden Jubilee With Low Fares
AirAsia is celebrating Asean’s 50th anniversary with low fares to all destinations across its regional network.
Malaysian Digest

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 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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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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