Malaysia Morning News For July 10

Steel sector to see healthy push from upcoming projects
Malaysia’s steel sector has been viewed positively by analysts as the industry is expected to see a healthy boost in demand from upcoming infrastructural projects such as the MRT2, Pan Borneo Highway, SUKE Highway, and other major projects.
— The Borneo Post

Malaysian business sentiments remain optimistic in Q3 2017
Business confidence in Malaysia has remained marginally optimistic for Q3 2017, according to Dun & Bradstreet (D&B) Malaysia’s Business Optimism Index (BOI).
— The Edge Markets

Robust Growth In May Exports
MALAYSIA’S exports grew 32.5 per cent in May, significantly above expectations and the highest for a month in seven years.
— Malaysian Digest

Malaysian companies ignore technology at own peril
Malaysians companies which choose to ignore or delay embracing technology and its offerings will eventually be phased out, says VMware.
— Free Malaysia Today

Becoming a global hub for startups
MALAYSIAN Global Innovation and Creativity Centre (MaGIC) continues to push Malaysia as a hub for startups and their investors after the success of its previous accelerator programmes’ participants in raising funds.
— The Star Online

Max Fashion opens first store in Malaysia
Max, one of the largest value fashion brands across the Middle East and India, has launched its first store in Malaysia. The opening was marked with a red carpet ceremony hosted by Ramanathan Hariharan, Max CEO and director of Landmark Group. The launch event was attended by VIP guests, bloggers and members of the media.
— Arab News

ASUS goes beyond reality with ZenFone AR
ASUS has announced ZenFone AR, a next-generation smartphone that represents a significant advancement in the mobile virtual reality (VR) and augmented reality (AR) market as it is the world’s first smartphone that will be Tango enabled and Daydream-ready.
— The Borneo Post

Netflix deal to be finalised by next month
The Malaysia Internet Exchange (MyIX) will finalise its deal with America’s popular online entertainment company, Netflix, to provide its video and movie content in Malaysia, by end-August, says Chairman Chiew Kok Hin.
— The Borneo Post

Will Malaysia be at risk when easy money ends?
As global growth appears to be gathering some steam, central banks are expected to remove their hangover cure of easy money for the last global financial crisis in 2008. However, the risks now posed by higher rates and reduced global liquidity should not be taken lightly.
— The Edge Markets

Asia more resilient 20 years after financial crisis, says Fitch
Asian economies are better equipped to weather external shocks and financial pressures owing to buffers built and reforms undertaken in the wake of the Asian Financial Crisis, which began twenty years ago last week, according to Fitch Ratings.
— The Edge Markets

Malaysia seeks world heritage status for three more sites
The Ministry of Tourism and Culture has initiated the move to secure Unesco World Heritage Site status for three more places in Malaysia.
— The Borneo Post

Sawit Kinabalu Confident Of Achieving RM150mil Profit In 2017
Sawit Kinabalu Sdn Bhd is confident of achieving RM150mil in profits this year.
— Malaysian Digest

‘Lotte Fair Value At RM7.72’
LOTTE Chemical Titan Holdings Bhd is worth RM1.22 more than its “revised” initial public offering (IPO) price of RM6.50 per share, says Public Investment Bank Bhd.
— Malaysian Digest

Now in Shah Alam, Visual Arts Expo to tap into growing Malay market
After two iterations in Seri Kembangan and Pudu, the annual Visual Arts Expo (VAX) slated later this month has set up shop in Shah Alam, where they are expected to put down their roots in the next few years.
— The Malay Mail Online

Pesek: Malaysia will need more than a return of Mahathir
William Pesek, a Tokyo-based journalist and author of “Japanization: what the world can learn from Japan`s lost decades” and former columnist for Bloomberg said Malaysia will need more than a return of Mahathir Mohamad in power to save it from impending economic doldrum.
— The Independent

CIMB Research retains Hold for Only World Group, TP RM1.90
CIMB Equities Research is retaining its Hold call for Only World Group (OWG) and target price of RM1.90 after the company announced it planned to place out up to 10% of its share capital.
— The Star Online

HLB to focus on enhancing digital offerings
Hong Leong Bank Bhd (HLB) is focusing on enhancing its digital offerings in line with its aspiration of being a highly digital and innovative financial services organisation.
— The Star Online

Accsoft Technology may rise higher, says RHB Retail Research
RHB Retail Research said Accsoft Technology Bhd may rise higher after posting a long white candle and hitting its new 52-week high.
— The Edge Markets

Rope in rural folk to fight corruption
RECENTLY, Malaysian Anti-Corruption Commission (MACC) chief commissioner Datuk Dzulkifli Ahmad called for the general public to assist in reporting corruption and become the eyes and ears of the MACC. In fact, the chief commissioner launched a programme called “Sahabat SPRM (Friends of MACC)” to increase public participation in the war against corruption in this country. This is indeed a positive development.
— The Star Online

Feature photo shankar s.
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 July 10 added by Leakhena Khat on July 10, 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.