Malaysia Morning News For August 4

Malaysia Morning News For August 4
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Malaysia morning newsMalaysia central bank urged to reopen probe on indebted fund
Malaysian opposition lawmakers urged the central bank Thursday to reopen its investigation into indebted state investment fund 1MDB that is being probed in several countries for money laundering and implicating Prime Minister Najib Razak.

Government targeting RM2.8 billion medical tourism revenue by 2020
The government is targeting to generate revenue of RM2.8 billion by 2020 through the health tourism sector, said Deputy Health Minister Datuk Seri Dr Hilmi Yahaya.
Astro Awani 

Lazada Malaysia to expand automotive products range
Lazada Malaysia aims to expand the range of products under its automotive segment within two years, said chief executive officer, Hans-Peter Ressel.
The Star Online 

Who Will Take on Premier Najib? Malaysia’s Opposition Isn’t Sure
Malaysia’s had six prime ministers since independence and the opposition knows who it wants as the eighth. It is unsure who should be the seventh.

20-30 Of ECRL Jobs For Local Firms
LOCAL contractors may handle at least 20-30 per cent of the civil works for the RM55 billion East Coast Rail Link (ECRL) project through selective bidding process, said analysts.
Malaysian Digest 

Netizens want authorities to regulate online trade
AS the number of online shopping transactions continues to soar, consumers are pushing for authorities to introduce some form of regulation to ensure that those who end up getting cheated have an avenue for redress.
New Straits Times 

Malaysia needs more specialists in family medicine — Health DG
The country needs more specialists in family medicine to be housed at all 967 health clinics nationwide, said Health director-general Datuk Dr Noor Hisham Abdullah.
The Borneo Post

Malaysia not fully ready to tackle climate change: Study
As the threat of severe flooding continues to rise in Southeast Asia, Malaysia’s business sustainability practitioners are the most concerned about the country’s resources to guard against extreme weather events and floods, compared to their regional counterparts.
The Sun Daily 

MACC nabs two over FIC’s London hotel purchase
The Malaysian Anti-Corruption Commission (MACC) yesterday arrested two individuals believed to be involved in Felda Investment Corporation’s (FIC) purchase of a luxury hotel in Kensington, London between 2013 and 2015.
The Malay Mail Online 

Fast Asia Open: RBA monetary policy statement, Malaysia trade data
Special Counsel Robert Mueller’s investigation of alleged Russian interference in the 2016 US presidential election has intensified with the naming of a Washington grand jury, US media reported on Thursday.
Financial Times 

Malaysia: Axiata unit completes buyout of Pakistan tower firm
Malaysian telecommunications conglomerate Axiata Group Berhad, through its subsidiary edotco PK, has completed its acquisition of Tanzanite Tower Private Limited (TTPL), a Pakistan-based firm that operates telecommunications towers.

Labuan Liberty Port plays big role in island’s O&G sector
It may be small, but the Labuan Liberty Port played a major role in the heydays of the oil and gas (O&G) sector of Malaysia’s International Financial Centre (IFC) here.
The Borneo Post 

MMHE 2Q pre-tax loss widens to RM13.45 mln
Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) pre-tax loss in the second quarter (Q2) ended June 30, 2017, slipped further to RM13.45 million from a pre-tax loss of RM821,000 in the same quarter last year.
The Borneo Post 

Sunway REIT manager to buy Sunway Clio Property for RM340m
Sunway REIT Management Sdn Bhd, the manager of Sunway Real Estate Investment Trust, plans to buy Sunway Clio Property from Sunway Bhd’s unit Sunway Forum Hotel Sdn Bhd for RM340 million.
The Sun Daily 

Taiwan-Malaysia Economic Cooperation — Selecting Tainan’s Finest Products to Expand Exports
To facilitate Tainan manufacturers’ expansion into the global market and promote economic cooperation, the Tainan City Government Department of Economic Development has initiated the “FY106 Tainan Global Trade Cooperation and Expansion Program,” entrusting implementation of the plan to the Industrial Technology Research Institute.
Asia One 

Dewan Rakyat approves Legal Aid Bill (Amendment) 2017
The Legal Aid (Amendment) Bill 2017 which introduced a provision that children of sexual crimes be given a legal companion service was approved in Dewan Rakyat today.
The Sun Daily 

1,214 schools to implement dual language programme: Kamalanathan
As many as 1,214 schools nationwide have opted to implement the Dual Language Programme (DLP) to date, said Deputy Education Minister Datuk P. Kamalanathan.
The Sun Daily 

TNB issues RM2bil Islamic bonds
Tenaga Nasional Bhd (TNB) has issued RM2bil Islamic medium-term notes (sukuk wakalah), it informed the stock exchange.
The Star Online 

Versatile Creative eyes digital wallet-related venture
Versatile Creative Bhd and Iris World Marketing Sdn Bhd are considering to develop 250 Irispay station e-concept stores nationwide with a “gross development value” of up to RM70mil.
The Star Online 

AirAsia Passenger Traffic Up 14 Pct Y-O-Y In 2Q17
AirAsia Bhd’s passenger traffic increased to 15.81 million in the second quarter of 2017 (2Q17), a 14 per cent increase year-on year (y-o-y), from 13.91 million in the same quarter last year.
Malaysian Digest 

Health Tourism Generates Economic And Job Opportunities
Health tourism is seen as an industry which boosts the country’s economy as the sector registered a growth of 23 per cent in 2016 with revenue of RM1.12 billion, up from RM914 million in 2015.
Malaysian Digest

Feature photo tomscoffin
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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