Malaysia Morning News For August 22

Malaysia Morning News For August 22
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Malaysia morning newsU.S. Warship Collision Exposes Singapore-Malaysia Sea Dispute
A collision between a U.S. warship and an oil tanker near the Straits of Malacca on Monday has shone a light on a territorial dispute that has simmered between neighbors Singapore and Malaysia for nearly 40 years.

Bank Negara suffered losses of RM31.516b in foreign exchange from 1991 to 1994, says witness
Bank Negara Malaysia (BNM) suffered losses totalling RM31.516 billion in foreign exchange in 1991 until 1994, the Royal Commission of Inquiry (RCI) which was set up to investigate the losses, was told today.
The Sun Daily

Vietnamese-operated vessels seized with 5,000kg of fish
The Malaysian Maritime Enforcement Agency (MMEA) here seized five tonnes of fish worth RM50,000 after detaining two vessels for fishing illegally off Miri waters.
The Borneo Post

Malaysia sites hacked after blunder over Indonesian flag
Indonesian hackers have claimed to have attacked several Malaysian websites, following a blunder which saw the Indonesian flag printed upside down in a regional sports event’s guidebook. The mistake prompted fury in Indonesia over the weekend and President Joko Widodo demanded an official apology.
BBC News

Malaysian FM Apologizes to Indonesia for Flag Blunder
Malaysian Foreign Minister Anifah Aman issued a statement of apology on Sunday (20/08) regarding the misprint of the Indonesian flag in the promotional materials distributed at the 2017 Southeast Asian Games opening ceremony in Kuala Lumpur on Saturday.
The Jakarta Globe

Indonesia accepts Malaysia’s apology over flag blunder
President Joko Widodo yesterday said he had forgiven Malaysia over the upside down flag of Indonesia printed in a souvenir booklet for the KL2017 SEA Games.
Free Malaysia Today

Nazir issues ‘call to action’ to Asean
CIMB Group chairman Datuk Seri Nazir Razak said Asean needs to focus on more substantive real obstacles to intra-Asean capital flows in both debt and equity markets, such as withholding taxes and settlement processes, and not just high-profile and easier initiatives. At the same time, Asean needs to step up its efforts to promote intra-Asean investment, as most Asean investors tend to instinctively look at developed markets for diversification.
The Sun Daily

Genting Plantations’ land acquisition in Indonesia a positive development
Genting Plantations Bhd’s (Genting Plantations) plantation land acquisition in Indonesia has been viewed as a positive but unsurprising development.
The Borneo Post

Scomi Group proposes merger, to delist its two subsidiaries
The Scomi group expects to strengthen its financial base by merging its three listed entities under Scomi Group Bhd.
The Star Online

Ensure new technology will benefit all, says Perak Sultan
Sultan of Perak Sultan Nazrin Muizzuddin Shah has called for sufficient policy-making, regulation and education in the fields of science, technology, engineering and mathematics (STEM) to ensure new technologies are used for the greater good instead of instigating more inequality among the people.
The Star Online

Economy to sustain growth momentum in second half
The Malaysian economy should sustain its growth momentum in the second half of the year, barring any major global events, said Second Finance Minister, Datuk Seri Johari Abdul Ghani.
The Borneo Post

Lure of mega projects for M’sians working in Singapore
The government hopes mega projects in the country will help lure some of the 300,000 Malaysians working in Singapore.
The Star Online 

Scomi Group to absorb energy, engineering units
Scomi Group Bhd (SGB) plans to consolidate Scomi Energy Services Bhd and Scomi Engineering Bhd into the group to create one listed entity, by swapping new shares of SGB for shares of Scomi Energy and Scomi Engineering, a key move to develop new growth areas in renewable and chemicals, it said.
The Sun Daily

Bursa Malaysia to close for National Day, Hari Raya Aidiladha
Bursa Malaysia Bhd and its subsidiaries will be closed on Aug 31 and Sept 1 for the National Day and Hari Raya Aidiladha celebrations.
The Borneo Post

Malaysia leading search and rescue for missing US sailors
Malaysia is leading the search and rescue operation for 10 American sailors who are missing after a US missile destroyer and merchant ship collided, says the Malaysian Maritime Enforcement Agency (MMEA).
The Star Online

HSS Engineers gets SC nod for transfer to Main Market
HSS Engineers Bhd (HEB) has obtained the Securities Commission’s approval for the proposed transfer of its listing to the Main Market of Bursa Malaysia Securities Bhd. HEB has been listed on the ACE Market since its admission on Aug 10, 2016.
The Sun Daily

Tawau school’s digital classroom gets RM20,000 boost
The digital classroom facilities of SJK Sin Hwa here received a RM20,000 contribution from two companies.
—The Borneo Post

Prudential to move to Tun Razak Exchange by 2019
Prudential will be relocating its headquarters to a 27-storey building in the upcoming Tun Razak Exchange here, Malaysia’s first dedicated international financial district.
The Sun Daily

AirAsia trending sideways, says AllianceDBS Research
AllianceDBS Research said AirAsia Bhd (AirAsia) had on Aug 21 tested last Friday’s high of RM3.27 before closing near the day’s low at RM3.24 (down 1 sen or 0.30%).
The Edge Markets

Star’s Q2 profit slumps 80 per cent on weak print and digital segments
Star Media Group Bhd’s net profit in the second-quarter ended June 2017 plunged 80.52 per cent to RM8.51 million from RM43.68 million in the same period a year ago.
New Straits Time

Trading in RHB, AMMB suspended, groups may be close to merger deal
Trading in shares of RHB Bank Bhd and AMMB Holdings Bhd on Bursa Malaysia has been suspended today. It is believed that the two banking groups are close to sealing a merger deal.
The Sun Daily


Feature photo WorldFish
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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