Malaysia Morning News For August 29

Malaysia Morning News For August 29
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Malaysia morning newsCustoms: Malaysia not the only transit point for wildlife smuggling
Malaysia is not the only transit point in South-East Asia being used by international syndicates to smuggle wildlife, says Customs Department director-general Datuk Seri Subromaniam Tholasy (pix)
— The Star Online

RAM: Malaysia rides on electronics cyclical rebound, firmer commodity prices
The export-oriented economies of Malaysia Japan, South Korea, Singapore, Thailand and Vietnam are riding on the cyclical rebound in electronics and firmer commodity prices, said RAM Rating Services Bhd.
— The Edge Markets

Japan courts Singapore in bid for High-Speed Rail project to KL
Japan is pulling out the stops in making a pitch to Singapore for the proposed High-Speed Rail (HSR) project to Kuala Lumpur.
Channel News Asia 

Malaysian pilgrims travel to Makkah by land
A group of Malaysian Haj pilgrims have passed by Dubai before going to Makkah. They have traveled for over a month by land and crossed nine countries, from Malaysia to the UAE, before reaching KSA on Monday. Their journey is brought about by their desire to promote unity and greater humility among Muslims.
— Khaleej Times

Mecca National TH Complex to house Malaysian Pilgrims under a single roof in the pipeline
The top management of Tabung Haji (TH) yesterday visited potential sites for a proposed National TH Complex in Mecca, which would house all Malaysian pilgrims under one roof.
— New Straits Times

IOI Corp, UMW Holdings eyed as North Korea rattles markets
Malaysian shares may take cue from news that North Korea launched a missile early today. The news had earlier led to US equity futures losses as investors anticipated geopolitical uncertainty.
— The Edge Markets

Elaborate scam dupes divorced mother of $1.1 million
Multiple trips to Malaysia, a fake United Nations officer, a fake bank website and a briefcase purportedly containing US$2 million (S$2.7 million) in cash – this was the elaborate set-up of a scam that swindled a woman here of $1.1 million.
The New Paper 

Inter-Pacific Asset Management fund: Making money and creating social impact
Four months ago Inter-Pacific Asset Management Sdn Bhd launched Malaysia’s first Social Enterprise and Responsibility Fund, an idea which has been 10 years in the making.
— The Sun Daily

Navy apprehends 29 illegal migrant workers returning from Malaysia
Personnel of the Western Fleet Quick Response (WFQR) team from the Tanjung Pinang Naval Base arrested 29 undocumented migrant workers who had illegally traveled from Malaysia to Tanjung Pinang, Riau Islands, on a small speed boat.
— The Jakarta Post

Malaysia arrests 8 Filipinos for illegal entry
Malaysia arrested eight Filipinos who illegally entered Sabah on Monday despite strict security patrol near the border, reports said.
— The Manila Times

Panasonic Malaysia partners with Media Prima’s HATCH to present “HACTION!
Panasonic Malaysia has partnered with HATCH, a YouTube channel under Media Prima Bhd’s Studio8, to present “HACTION! Shot on Lumix GH5 to commemorate Malaysia’s 60th national day.
— New Straits Times

Little Movement Seen For Malaysia Stock Market
The Malaysia stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day losing streak in which it had fallen more than 5 points or 0.3 percent. The Kuala Lumpur Composite Index remains just beneath the 1,770-point plateau and it figures to remain rangebound again on Tuesday.
— Nasdaq

Mercedes-Benz GLC200 launched in Malaysia, RM288,888 – RM37k less than GLC250 4Matic
After appearing in a local dealership a few days prior, Mercedes-Benz Malaysia has now officially launched a new variant of the GLC – the locally-assembled GLC 200 Exclusive, which joins the existing GLC 250 4Matic AMG Line and AMG GLC 43 4Matic.
— Paultan

Malaysia shares little changed as Genting falls, Singapore stocks gain
Malaysian shares ended almost unchanged, as gains in Westports Holdings after it won an approval for expanding its container terminal facilities were offset by losses in Genting Malaysia.
— Nikkei Asian Review

Analysts positive on AirAsia’s stake disposal of AACE
Analysts are generally positive on AirAsia Bhd’s (AirAsia) disposal of its entire 50 per cent stake in Asian Aviation Centre of Excellence (AACE).
— The Borneo Post

Malaysian palm oil price slips on higher output expectations, stronger ringgit
Malaysian palm oil futures fell on Monday, weighed down by expectations that production in August would rise slightly and by a stronger ringgit.
— The Star Online

Secondary mart will soon adopt blockchain tech
Malaysia’s secondary market is likely to adopt blockchain technology within two years to offer an alternative digital platform for market players, including those who plan to go for an initial public offering (IPO) to trade in an entirely new market.
— The Borneo Post

CIMB Research retains Reduce for UMW but ups target price
CIMB Equities Research is maintaining its Reduce rating on UMW Holdings with a higher RM4.90 target price (TP) of RM4.90 compared with its earlier RM4.38.
— The Star Online

BHIC targets more jobs from navy
BOUSTEAD Heavy Industries Corp Bhd (BHIC) aims to secure more shipbuilding as well as maintenance, repair and overhaul (MRO) contracts from the Royal Malaysian Navy.
— New Straits Times

Only 7,000 Specialists In Malaysia, We Need More Doctors To Specialise
It is hard to believe that we live in a country where heart disease is found to be the number one killer disease in the last 10 years, and the National Heart Institute revealed that it treats at least 150,000 heart patients per annum, yet we have roughly less than 500 cardiologists, amongst our population of 32 million people.
— Malaysia Digest


Feature photo Christopher Crouzet
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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