Malaysia Morning News For July 27

Malaysia Morning News For July 27

Malaysia morning newsMalaysia’s electricity tariffs among lowest in Asean
Malaysia’s electricity tariffs for the consumer, residential, industrial and commercial segments are among the lowest compared to other countries in the Association of South-East Asian Nations (ASEAN) region.
The Borneo Post 

Malaysia to produce three million tonnes of fish by 2020
The Fisheries Department is confident that Malaysia can produce three million tonnes of fish by 2020.
Astro Awani 

Bursa Malaysia’s 2Q pre-tax profit jumps to RM81.45 million
Bursa Malaysia Bhd recorded a higher pre-tax profit of RM81.45 million for the second quarter (Q2) ended June 30, 2017 compared with RM69.437 million in the same quarter last year on the back of increased trading activities across all segments.
The Borneo Post

Malaysia On Track In Terms Of Fiscal Consolidation, Says Mustapa
The International Monetary Fund’s (IMF) upward revision of Malaysia’s 2017 GDP forecast to 4.8 per cent shows that the nation is on track in terms of fiscal consolidation.
Malaysian Digest 

PublicInvest Research retains Outperform for LBS Bina
Public Investment Bank Research (PIVB) continues to like LBS Bina’s growth prospects and reiterates its Outperform call with an unchanged target price of RM2.23.
The Star Online 

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Malaysians need to brace for possible electricity surcharge
The Energy Commission (EC), Malaysia’s regulatory body for the electricity supply industry, said the government is concerned about tariff increases.
The Borneo Post

Melati Ehsan’s Q3 net profit down 93%
Melati Ehsan Holdings Bhd’s net profit for the third quarter ended May 31, 2017 plunged 93.28% to RM514,000 from RM7.65 million a year ago, even as revenue more than doubled to RM32.24 million from RM13.26 million a year ago.
The Sun Daily 

Industrial asset acquisition garner mixed reactions for Axis REIT
Axis Real Estate Investment Trust’s (Axis REIT) first half of financial year 2017 (1HFY17) results were either within or slightly below expectations while the group’s Kuantan industrial asset acquisition has garnered mixed reactions from analysts.
The Borneo Post 

Asean to benefit from Belt and Road initiative — UOB
Asean is expected to benefit from the pick-up in activities along China’s Belt and Road (B&R) corridor, due to geographic proximity, historical relations with China, access to resources and emerging market status.
The Borneo Post 

Mahathir: I know contents of probe into RM2.6 billion
There is no way that billions of ringgit can be transferred from one account to another without leaving a trail of documents, Pakatan Harapan (PH) chairman Dr Mahathir Mohamad says.
Free Malaysia Today 

AirAsia: Listing of Indonesian, Philippine units by Q1 2018
AirAsia Bhd’s plans to list its Indonesian and Philippine subsidiaries are in progress and they are expected to make their debuts on the respective countries’ stock exchange latest by the first quarter of next year.
The Sun Daily 

Islamic banks pledge continued financing for affordable housing
The Association of Islamic Banking Institutions Malaysia (AIBIM) has reaffirmed that Islamic banking institutions will continue to provide home financing facilities to eligible customers through various financing schemes offered by its members, in response to recent media reports on calls to relax the criteria for affordable home financing.
The Sun Daily 

Malaysia to deploy extradition means to get perpetrators of MH17 shooting to justice
Malaysia will provide assistance by deploying international methods of cooperation through extradition to get the parties responsible for the shooting down of the Malaysia Airlines Flight MH17 to justice.
Astro Awani

Govt allocates RM308 million for 2.2 million MYTV decoders
The government has allocated RM308 million for 2.2 million decoder sets to be given free to the lower-income group to enjoy the myFreeview digital terrestrial television services.
Free Malaysia Today 

Indonesia, Malaysia Cooperate to Eradicate Corruption
Malaysian Anti-Corruption Commission (SPRM) paid a visit to the Corruption Eradication Commission (KPK) yesterday to affirm cooperation between the two anti-graft agencies.

Malaysia revises tourism tax to a flat rate of RM10 per night
Foreigners staying at paid lodgings in Malaysia will be charged a flat rate of RM10 (US$2.30) per night as tourism tax while Malaysians will now be exempted from it completely, Tourism and Culture Minister Nazri Aziz said on Wednesday (Jul 26).
Channel NewsAsia 

Top Glove Invests RM75 Mln On Condom Production
Top Glove Corp Bhd has allocated an initial investment of RM75 million for the first phase of the company’s condom production starting August 2018.
Malaysian Digest 

‘Right decision’ by Petronas to drop Canadian project
The decision of Petroliam Nasional Bhd (Petronas) and its partners to halt the proposed US$27 billion (RM115.56 billion) Pacific Northwest LNG Project in Canada’s west coast leaves no major impact on the local oil and gas (O&G) industry, say analysts.
The Edge Markets 

279 Malaysian Cocoa Board employees to be rehired
Two-hundred-and-seventy-nine employees of the Malaysian Cocoa Board who were due to be dismissed from Aug 13 will now go back to work.
The Sun Daily 

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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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