Malaysia Morning News For August 30

Malaysia Morning News For August 30
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Malaysia morning newsMalaysia urges Suu Kyi to end Rohingya crisis
Malaysia today urged Myanmar leader Aung San Suu Kyi to tackle the Rohingya conflict and restore the country’s image.
— New Straits Times

Malaysia to probe ‘technical aspects’ of US warship collision
Malaysia has formed a special team to look into last week’s collision between a United States warship and a tanker off Singapore, said Transport Minister Liow Tiong Lai.
— Today Online

Malaysia no trade cheat, Mustapa says
Malaysia aims to douse the allegation of being a trade cheat, says International Trade and Industry Minister, Datuk Seri Mustapa Mohamed.
— Malay Mail Online

Malaysian couple detained for over S$8.13m in fraudulent GST claims
The Royal Customs Department in Malaysia has detained a married couple for alleged fraudulent Goods and Services Tax (GST) refund claims involving nearly RM25.58 million (S$8.13 million).
— The Straits Times (paywall)

Malaysia’s halal product exports to Japan rises to RM2.66b in 2016
Malaysia’s exports of halal products to Japan rose to RM2.66 billion in 2016 from RM2.20 billion in 2015, Deputy International Trade and Industry Minister Datuk Ahmad Maslan said.
— Malay Mail Online

SC bans seven foreigners and corporations from trading on Bursa
Seven foreign individuals and corporations have been permanently barred from trading in any counter on Bursa Malaysia due to their role in the manipulation of Iris Corp Bhd shares in 2006.
— The Star Online

Malaysia sells 2024 Islamic bonds at average 3.975% yield
Demand for RM3.5b notes exceeded amount on offer by 2.1 times, according to central bank data.
— The Edge Markets

Malaysian Labor Contracts: What You Need to Know
Malaysia continues to be an attractive FDI destination in South East Asia, offering foreign investors a skilled workforce at competitive rates.
— Asean Briefing

Malaysia Shares May Reverse Tuesday’s Losses
The Malaysia stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day losing streak in which it had fallen more than 5 points or 0.3 percent.
— Nasdaq

Corporate Malaysia financial reporting concludes ahead of holidays
The conclusion of Malaysia’s corporate financial reporting today for the April-June quarter will provide indications on how Bursa Malaysia-listed companies will fare for the year.
— The Edge Markets

Malaysia Condemns Missile Launch By North Korea
Wisma Putra, in a statement today, said such a provocative action was a clear violation of the United Nations Security Council resolutions and it was done in response to the defence exercise carried out by the United States of America and South Korea annually.
— Malaysia Digest

MALAYSIA STOCKS TO WATCH: AirAsia, WCT Likely In Focus On Wednesday
Here are the stocks to watch on Wednesday:
— Nikkei Asian Review

AirAsia to add 23 planes to group fleet
AirAsia Bhd will add a further 23 planes to the group fleet in the second half of the year and is gearing up to expand the number to 500 by 2027.
— The Borneo Post

7-Eleven Malaysia 2Q net profit down 33% on higher expenses
7-Eleven Malaysia Holdings Bhd saw a 32.7% decline in net profit to RM10.15 million in the second quarter ended June 30, 2017 (2QFY17) from RM15.07 million a year ago, dragged by higher selling and distribution expenses.
— The Edge Markets

Telekom Malaysia 2Q Net Profit Rises 50.9%
Telekom Malaysia Bhd. (4863.KU), a Malaysian fixed-line operator, said Tuesday that its net profit for the second quarter climbed 50.9% from a year earlier due in large part to foreign-exchange gains and lower net finance costs.
— Fox Business

McDonald’s Malaysia all sold out of Durian McFlurry, promises 2018 return
McDonald’s Malaysia announced today it was all sold out of its limited-edition Durian McFlurry dessert.
— Malay Mail Online

Blockbuster manga ‘One Piece’ exhibition under way in Malaysia
The first Southeast Asian exhibition of Japan’s best-selling manga “One Piece” is now under way in Malaysia to commemorate the 20th anniversary of its publication.
— The Jakarta Post

RHB Bank profit up 40% lifted by lower impairments
RHB Bank Bhd, which missed out on the opportunity to solidify its position as the fourth largest bank by assets following the collapse of its merger deal with smaller rival AMMB Holdings Bhd, reported a 40% rise in net profit to RM500.96mil in the second quarter ended June 30, 2017 (2Q17).
— The Star Online

Malaysia takes lead in World #QuranHour campaign
Malaysia will lead in the World #QuranHour campaign at International Islamic University Malaysia (IIUM) here tomorrow.
— The Star Online 

Impediments to Malaysia’s progress
As Malaysians prepare to celebrate the 60th anniversary of Merdeka, an academic has warned that national progress can be impeded by Malays who let religious charlatans control their thinking, Malays who remain parochial in their outlook and Malay youths who don’t prepare themselves for leadership.
— Free Malaysia Today


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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