Malaysia Morning News For July 24

Malaysia Morning News For July 24
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Malaysia morning newsAnalysts: Construction job flows to pick up again in 2H17
The momentum on contract awards and job flows in the construction sector is expected by analysts to pick up again in the second half of 2017 (2H17), continuing into 2018.
The Borneo Post

IPO market sees resurgence
Malaysia’s initial public offering (IPO) market is off to a good start in 2017, with 10 companies going public in the first half, compared with 12 for the whole of last year. Companies across all business sectors are returning to Bursa Malaysia, thanks to a recovery in oil prices and an improving economy.
The Edge Markets 

UN report: Malaysia among top 10 Asian nations affected by HIV
Malaysia is one of the 10 countries which together accounted for over 95% of all new HIV infections in the Asia-Pacific region in 2016, said the United Nations in a recently-released report.
The Star Online 

Huge investments go into building Malaysian ports
Ever since China rolled out its Belt and Road initiative, many countries have received billions of dollars towards infrastructure development to boost trade and investment along the old Silk Road that connects China and many other countries.
Hellenic Shipping News 

Malaysia Airports Holdings Berhad (KLSE:AIRPORT) Update on QI & Valuation
Malaysia Airports Holdings Berhad (KLSE:AIRPORT) has a Q.i. Value of 29.00000. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield.
Buckeye Business Review 

Banks assure eligible borrowers of access to housing loans
More than RM25.7 billion in loans have been approved by commercial banks in Malaysia from January to May this year, with loans in excess of RM24.6 billion disbursed for the purchase of residential property, said The Association of Banks Malaysia (ABM).
The Sun Daily 

AirAsia plans to consolidate units under one listed firm
After establishing AirAsia Bhd (AirAsia) on a strong footing in the Asian aviation market for the past 16 years, its group chief executive officer (CEO), Tan Sri Tony Fernandes plans to consolidate the low-cost carrier Southeast Asian units under one listed holding company.
The Borneo Post 

Malaysia’s MRT vandalised after five days of operations
An officer from Malaysia’s Mass Rapid Transit Corporation (MRT Corp) complained on Sunday (July 23) about vandalism and damage at a few stations just five days after the second phase of the Sungai Buloh-Kajang Line was launched.
Today Online 

Thai officials head to Malaysia for probe on Malaysian company Tuesday
Officials from four Thai law enforcement agencies will be in Malaysia for two days beginning Tuesday as part of their ongoing probe on a Malaysian company accused of being an “transnational crime syndicate” in the Kingdom.
New Straits Times

Malaysia’s PM Najib offers aid to palm oil farmers ahead of election
Prime Minister Najib Razak gave cash handouts and offered debt waivers on Sunday to Malaysian palm oil farmers, a key voter base for the scandal-hit leader who is preparing to seek re-election.

CNI goes digital, partners with 11street
11street has announced that it recently entered into a partnership with CNI Holdings Bhd (CNI), a traditional homegrown business, with the aim to help the latter transition onto the online sphere.
The Borneo Post 

Gamuda has a stronger chance of benefitting from larger-scale rail awards, says CIMB Research
CIMB IB Research has rated Gamuda Bhd an “Add” at RM5.24 with a target price of RM6.15 and said that Gamuda, via the MMC Corp Bhd-Gamuda JV, undertook the underground scope of MRT 1 and MRT 2.
The Edge Markets 

Tread carefully on proposal to exempt small, medium firms from audits: SME Corp CEO
The proposal to apply the audit exemption provision in the Companies Act 2016 on small and medium companies has to be treated cautiously as there are a few possible drawbacks to SMEs, according to SME Corp Malaysia.
The Sun Daily 

PublicInvest Research positive on VSI’s rights share subscription
PublicInvest Research is positive on VS Industry Bhd’s (VSI) plans to take up 43.5% of the rights shares to be issued by its Hong Kong-listed subsidiary V.S. International Group Limited (VSIG).
The Sun Daily 

‘Malays fear being colonised by Chinese’
An academic has criticised political rhetoric that pits the Malays against the Chinese, saying this is feeding the Malay fear of having to relive the experience of being colonised.
Free Malaysia Today 

Malaysia: Dagang NeXchange scouting for tech, energy acquisitions to boost profit
Dagang NeXchange Bhd., Malaysia’s best performing midcap stock, is in merger talks for its technology and energy businesses, betting acquisitions will boost its profit growth target to double digits this year.

DKSH Malaysia sees subdued growth in 2017
As speculation grows on when Malaysia will hold its elections, DKSH Holdings (Malaysia) Bhd (DKSH Malaysia) head of country management and vice-president of finance Nicholas McLaren is keeping an eye out for it.
The Edge Markets 

Malaysia investigating claim that Jho Low holds dual citizenship
Anyone holding dual citizenship in Malaysia must face the consequences, and preferential treatment will be given to no one — not even financier and tycoon Low Taek Jho, who is embroiled in 1Malaysia Development Berhad-related probes.
Today Online 

Young entrepreneurship competition makes it into Malaysia Book of Records
A total of 885 students from 28 polytechnics and 19 community colleges throughout Malaysia took part in the programme.
The Star Online 

Boost for Malaysia’s socio-economic initiative
THE Jalur Gemilang flew high and proud outside the World Convention Centre at The Hague, Netherlands, as the United Nations (UN) recognised Malaysia as one of the leading change agents in graduates’ marketability programmes, addressing issues like unemployment, poverty and lack of skilled workforce.
The Star Online 


Feature photo
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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