Malaysia Morning News For June 26

Investors pour US$9bil into Asian bonds, Malaysia benefits
Asia bond demand is running at its highest level in eight months and looks set to stay firm this year, boosted by the region’s higher returns at a time when stubbornly low inflation in the United States is keeping a lid on Treasury yields. Malaysia, South Korea and India among beneficiaries.
— The Star Online

PTT investigating Malaysia-Thailand Joint Development Area gas field shutdown
Thai energy company PTT is investigating a shutdown at a natural gas field in the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand, it said.
— The Star Online

Malaysia’s June 1-25 palm oil exports down 2.1% on month — ITS
Exports of Malaysian palm oil products for June 1-25 fell 2.1% to 985,534 tonnes, from 1,006,757 tonnes in the same period in May, cargo surveyor Intertek Testing Services said on Saturday.
— The Edge Markets

‘Gov’t has misunderstood DOJ suit against 1MDB’
Reading some of the remarks made by some individuals on the US Department of Justice’s ( DOJ) latest civil suit in rem in order to forfeit some misappropriated funds involving 1MDB, I can only conclude that some confusions and misunderstandings have unfortunately appeared from such remarks.
— Malaysiakini

BN accuses Penang of rushing RM209 mil road payment
Barisan Nasional’s (BN) strategic communications arm has taken the Penang government to task for seemingly rushing to pay a “staggering” RM209 million in consultancy fees for three landed highways linked to its undersea tunnel project.
— Free Malaysia Today

Paramount, too, to maintain BNM’s integrity in 1MDB probe
Bank Negara Malaysia (BNM) has stressed the importance of preserving the central bank’s integrity, following the cabinet’s decision to form a royal commission of inquiry (RCI) into the 1980s foreign exchange scandal.
— Malaysiakini

Malaysian retail chain Kioda to enter India, plans to invest $10 million
Malaysian fashion and lifestyle concept retail chain Kioda is planning to enter India, in a joint venture with franchise solutions company Franchise India Holdings Ltd, a top Kioda executive said.
— Livemint

Raya Road Safety Campaign Reduced Accident Rates By 11%
The road safety campaign held in conjunction with the Hari Raya season this year has successfully reduced accident rates by 11%, says Transport Minister Datuk Seri Liow Tiong Lai.
— Malaysian Digest

OGSE investments cross MPRC’S RM650m target
Malaysia Petroleum Resources Corporation (MPRC) has surpassed its target of RM650 million and brought in RM683.7 million worth of oil and gas services and equipment (OGSE) investments last year.
— New Straits Times

Finance Ministry issues RFP for Bandar Malaysia master developer
The Finance Ministry today issued a Request for Proposal (RFP) for the role of master developer for the development of Bandar Malaysia.
— New Straits Times

Muslims in Asia pray for peace as Ramadan holy month ends
Muslims in Asia celebrated the Eid-al-Fitr religious holiday on Sunday with prayers for peace as they marked the end of Islam’s holy month of Ramadan.
— The Edge Markets

Najib outlines quest for a better future
Malaysia has to face five challenges in its quest to provide a better future for its citizens, said Datuk Seri Najib Tun Razak.
— The Star Online

‘Money game operators exploiting legal loophole’
A loophole in the law needs to be quickly plugged to prevent Malaysia from becoming a hotspot for money game operators, said Malaysian Direct Distribution Association (MDDA).
— The Star Online

RCI can shed more light on forex losses
A Royal Commission of Inquiry (RCI) can reveal more details on the foreign exchange (forex) losses suffered by Bank Negara (BNM) in the 1980s and 1990s, said Tan Sri Mohd Sidek Hassan.
— The Star Online

Spirit AeroSystems to expand manufacturing facilities in Subang, add 300 jobs
Spirit AeroSystems is expanding its manufacturing operations in Subang to accommodate increasing volumes of assembly work on aerostructure components for commercial airliners.
— The Sun Daily

Education ministry to probe ‘drunk’ student being bullied
The education ministry has started investigations into a video clip that went viral on social media, showing a group of students in school uniforms, bullying and teasing another “drunk” student, said deputy Education Minister P Kamalanathan.
— Free Malaysia Today

AirAsia X engineers checking plane turned back to Perth
AirAsia X Berhad engineers are taking precautionary steps to check the aircraft forced to return to Perth after it started shaking violently on a trip to Kuala Lumpur.
— Free Malaysia Today

The Official Price For OnePlus 5 In Malaysia To Start at RM 2,388
Based on our past experiences, OnePlus smartphones would usually take quite some time to reach Malaysia. That apparently will change very soon as Brightstar Malaysia has revealed the newly announced OnePlus 5 could make its way to Malaysia as soon as next month.
— 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 is published M-F by AEC News Today: Governance, not government; policies not politics.

Malaysia Morning News For June 26 added by Leakhena Khat on June 26, 2017
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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.