Malaysia Morning News For June 20

Malaysia Morning News For June 20

Malaysia morning news

Indonesian group invests in Malaysian healthcare tech startup
The Hamami Family, ranked as one of the richest in Indonesia by Forbes, has invested in BookDoc, a healthcare technology start-up which has its headquarters in Malaysia.
Free Malaysia Today

Fisheries Dept: Up to RM6bil lost to illegal fishing every year
A total of 980,000 tonnes of seafood worth up to RM6bil is lost annually due to illegal fishing activities, says the Fisheries Department.
The Star Online 

Here’s how 1MDB can disprove ‘US$4.5b theft’
The US Department of Justice (DOJ) in a new filing said that US$4.5 billion (an astonishing nearly RM20 billion) has been allegedly stolen from 1MDB and detailed new spending from the loot. That’s roughly US$850 million (RM3.7 billion) in “stolen” money higher from the figure it had revealed in its earlier filings 11 months ago of US$3.657 billion (nearly RM16 billion) “stolen”.

Malaysia Struggles To Win Foreign Money Even As Inflows Into Emerging Markets Hit 2006 Peaks
Foreign investors are still underrepresented in Malaysia’s (EWM) bond and equity markets. With foreign inflows into emerging markets at 2006 peaks and predicted to touch $970 billion this year, Malaysia has immense potential for growth.

Maxis plans up to RM1.73 billion share offering, says report
Malaysian wireless carrier Maxis Bhd plans to raise up to RM1.73 billion in a share offering to pay down debt and finance the potential acquisition of mobile phone waves, International Financial Review (IFR) reported on Monday, citing a term sheet of the transaction.
Free Malaysia Today

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MBSB, AFB submit merger plan for Bank Negara Malaysia approval
Malaysia Building Society Bhd (MBSB) has submitted an application to Bank Negara Malaysia (BNM) for approval of its proposed merger with Asian Finance Bank Bhd (AFB), putting the non-bank lender MBSB within closer reach of obtaining full Islamic banking status.
The Edge Markets 

Malaysia wins bid to host tunnel congress in 2020
Malaysia has been chosen as the host for the World Tunnel Congress (WTC) in 2020, beating Australia to the job.
The Star Online 

Thailand plans to sign electricity accord with Laos and Malaysia
THAILAND is preparing to sign a tripartite electricity-trading agreement with two neighbouring countries at the upcoming Asean Ministers of Energy Meeting.
The Nation 

Oil spill approaching RAPID project area in Pengerang
Part of the oil spill from the tanker, MT Putri Sea which caught fire and sank last Thursday is headed towards the Refinery and Petrochemical Integrated Development (RAPID) project area in Pengerang.
The Malay Mail Online 

BankBazaar starts operations in Malaysia
Online financial services marketplace BankBazaar Monday said it is beginning operations in Malaysia, strengthening its presence in South East Asia.

Recovery in global growth strengthening, expected to pick up to 2.9% this year and peak at 3.1% in 2018, says Fitch
The recovery in global growth is strengthening and is expected to pick up to 2.9% this year and peak at 3.1% in 2018, the highest rate since 2010, says Fitch Ratings in its latest Global Economic Outlook (GEO).
The Edge Markets

Education Key To Changing Mindset Towards Climate Change
Education is a key factor in encouraging awareness and changing of mindsets on fighting climate change said the European Union.
Malaysian Digest 

PM refuses comment on DOJ charges, GST U-turn; Isa leaves FGV
Prime Minister Najib Abdul Razak said no more statements will be made in relation to the US Department of Justice’s (DOJ) latest civil forfeiture suit filing.

Malaysia sales pick up in May
Malaysia’s new vehicle market expanded by 12% to 50,600 units in May compared with year earlier sales of 45,108 units, according to data released by the Malaysian Automotive Association (MAA).

Have Chinese capital flight controls dented demand for Malaysia’s Forest City?
Execs at China’s Country Gardens Holdings Co Ltd, which is developing the massive Forest City project with Malaysia’s Kumpulan Prasarana Rakyat Johor, have claimed that the venture is running into fewer hurdles than reported since the capital flight clampdown by Beijing regulators.
Property Report 

Police nab drug distributors, foreign students involved
Nine foreigners, including five varsity students, were detained on suspicion of smuggling and distributing drug worth RM100,000 in Wangsa Maju, on Friday.
New Straits Times 

Online card spending to double by 2021, reaching US$6 trillion worldwide
The value of e-commerce card payments made worldwide grew by 26% during 2015 to reach US$2.7 trillion, according to the Global Payment Cards Data and Forecasts to 2021 released yesterday by UK-based strategic research and consulting firm RBR.
The Edge Markets

Sunway Medical Centre former COO joins TMC Life Sciences
Former Sunway Medical Centre chief operating officer Wan Nadiah Wan Mohd Abdullah Yaakob (pic) has joined healthcare group TMC Life Sciences Bhd, taking on the newly created post of group chief corporate officer (GCCO) effective Monday.
The Star Online 


Feature photo John Ragai
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).

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Malaysia morning news 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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