Malaysia Morning News For June 12

Malaysia tourism tax proceeds for promotion, refurbishment purposes: Minister
The government will use proceeds from the Tourism Tax – which comes into force on Jul 1 – to promote Malaysia overseas and refurbish tourism facilities, said Tourism and Culture Minister Mohamed Nazri Abdul Aziz on Saturday (Jun 10).
— Channel NewsAsia

Services driving economy, but what’s next?
Malaysia’s Gross Domestic Product grew 4.2 per cent last year and more than half of it came from the services sector.
— The Malay Mail Online

AffinBank, Affin Islamic Launch Multifunctional Visa Debit Card
Affin Bank Bhd (AffinBank) and Affin Islamic Bank Bhd (Affin Islamic) have launched the AffinBank and Affin Islamic Visa Debit Card – a multifunctional card which combines the features and benefits of an ATM and a debit card.
— Malaysian Digest

True Fitness owes us 4 months back pay, say ex-staff
Several former employees of True Fitness Malaysia have accused the company of neglecting its workers’ welfare.
— Free Malaysia Today

Grab tells cabbies: We’ll help you raise earnings
Grab has sought to allay fears that the coming regularisation of ride-sharing services in Malaysia will cut into the livelihood of taxi drivers.
— Free Malaysia Today

Crocodile myth boosting illegal trade
THE myth that crocodile parts boast aphrodisiac qualities has led to the illegal trading of the reptile, with some being sold for up to RM100,000 on the black market, Metro Ahad reported.
— The Star Online

Malaysia will act against those active in militant movements, says DPM
Malaysia would not hesitate to take stringent action against those in the country who were active in militant movements such as Daesh, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi was quoted as saying by Bernama.
— The Edge Markets

CM: Land sale profit makes up 3% of state’s revenue
Chief Minister Lim Guan Eng has dismissed allegations by certain individuals that the state’s profit or its Budget surpluses came from the sale of land.
— The Star Online

Spyware leads local bunker fuel firm to lose RM4.5 million in scam
Kedah police are advising the people to be cautious when dealing with payment into the account of a third party via email transactions.
— Free Malaysia Today

Ex-Transport Minister Chan donates 6,000books to UM
FORMER Transport Minister Tan Sri Chan Kong Choy donated his collection of more than 6,000 books on Chinese literary classic Dream of the Red Chamber to the Universiti Malaya library, Sin Chew Daily reported.
— The Star Online No pressure on Malaysia over Qatar ties

Malaysia is not being pressured by any West Asian country, including Saudi Arabia, which is involved in a regional crisis, to sever ties with Qatar, said International Trade and Industry Minister II Ong Ka Chuan.
— Free Malaysia Today

No alarm bells yet on inflows into Malaysia
THAT foreign investors are expected to pour about US$1 trillion into emerging markets (EMs) this year has not yet set the alarm bells ringing of a potential bubble in Malaysia.
— The Star Online

Ong: Geely intends to make Malaysia the regional hub for Volvo
Zhejiang Geely Holding Group Co plans to use Malaysia as a hub to assemble Volvo cars for the Asean market, said International Trade and Industry Minister II Datuk Seri Ong Ka Chuan.
— The Star Online

RM400MIL LOST IN ROYAL GOLD SCAM: INVESTORS LODGE POLICE REPORT AGAINST KL-BASED MLM OPERATOR
Another multilevel investment scam which left investors poorer by RM400 million has come to light, in the wake of similar scams reported in Penang.
— Malaysia Chronicle

M’sia’s investment draw on par with other countries
PRESIDENT of the Malaysian Chamber of Commerce and Industry in Taiwan (or Maycham as it is known), Datuk James Lau, believes that Malaysia’s investment incentives are in principle on par with those of other countries that are on offer to Taiwanese investors.
— Daily Express

Asian shares open lower; Australia and Malaysia closed
Asian shares opened lower on Monday, following the surprise hung parliament result from the U.K. election last Friday and as markets await the results of the first round of France’s parliamentary elections.
— CNBC

MALAYSIANS START TO FEEL THE MIGHT OF CHINA’S BITE: THANKS TO MEGA-SALES NAJIB, DURIAN PRICES GO ‘INSANE’!
Have you been craving durian SO MUCH that you have withdrawal symptoms, but the minute you see the price you lose your appetite (and the will to live) and want to vomit blood? Well, misery loves company… just know that durian lovers everywhere are suffering the same pain.
— Malaysia Chronicle

Feature photo Davidlohr Bueso
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 June 12 added by Leakhena Khat on June 12, 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.