Malaysia Morning News For June 30

Reach Energy Reaches For 5,000 Barrels Of Oil Per Day By Year’s End
Reach Energy Bhd (Reach Energy) aims to increase its oil production of between 4,000 barrels per day to 5,000 barrels per day by the end of 2017.
— Malaysian Digest

Strong 2Q for airports, but tamer second half expected
While analysts anticipate a strong second quarter (2Q) for airports under the purview of Malaysia Airports Holdings Bhd (MAHB), they believe the second half of 2017 (2H17) will be tamer in terms of passenger volume.
— The Borneo Post

Budget deficit target to remain intact, says RHB Research
RHB Research Institute Sdn Bhd said the Malaysian government is unlikely to make any revisions to its 2017 Budget for now, despite a sharp pull-back in oil prices of late.
— The Edge Markets

Food consumption and belief systems in Malaysia, the benchmark for co-existence ― JD Lovrenciear
The breakout news that is being widely-shared and debated now i.e. the claims, allegations and counter defences surrounding a non-Muslim canteen operator of a local polytechnic, indeed offers a last opportunity for the government to measure up once and for all.
— The Malay Mail Online

How to Invest in Malaysia: Asia’s Easiest Place to Buy Land
Land is one of the few investments which can be seen and touched. Not everyone cares about that sort of thing. But some people do, and these are certainly attributes which stocks and bonds don’t have.
— InvestAsian

Malaysia’s Kumpulan Jetson Gets MYR919.32 Mln Construction Contract
Kumpulan Jetson, a Malaysian construction firm, said Thursday it has received a contract worth 919.32 million ringgit ($214 million) for main building works under a mixed-use real estate development project.
— Nikkei Asian Review

ASIC seals Malaysia fintech agreement
ASIC’s agreement with the Malaysia Securities Commission (SC) will enable both regulators to refer fintech businesses to each other for advice, as well as provide a framework for information sharing, according to a statement.
— InvestorDaily

No more signing for card payments
Goodbye signatures, hello personal identification numbers (PIN). It is all systems go for the nationwide transition to PIN and Pay tomorrow.
— The Star Online

Two Malaysians In Forbes Asia’s Annual Heroes Of Philanthropy List
Forbes Asia today announced its annual Heroes of Philanthropy list, highlighting some of the region’s noteworthy givers.
— Malaysian Digest

No One Is Safe From Cyberattacks, Security Experts Warn
Consumers should not lower their guard when it comes to cyberattacks as everyone is at risk, security experts warned.
— Malaysian Digest

M’sian Bar Tells Authorities To Allow Lawyers To Perform Their Duties Without Intimidation
The Malaysian Bar urges authorities to let lawyers discharge their professional duties without hindrance.
— Malaysian Digest

Local authorities to beef up enforcement against open burning
Local councils are urged to beef up enforcement to prevent backyard burning by the public in view of the prevailing dry weather.
— The Borneo Post

‘More crashes but fewer fatal ones during festive period’
The number of road accidents in the first 11 days of ‘Op Selamat 11/2017’ from June 18 increased by 10 per cent over the corresponding period last year but the number of fatal accidents and deaths dropped by 17 per cent and 21 per cent, respectively, it was disclosed yesterday.
— The Borneo Post

Streamline management to boost affordable housing
There is a need to streamline the affordable housing development programmes under a single effective management to help boost house ownership, especially for the B40 segment, said online property portal PropertyGuru Malaysia.
— The Borneo Post

OCBC downgrades CPO futures to RM2,250 per tonne by year-end
OCBC Bank has downgraded the outlook for crude palm oil (CPO) futures to RM2,250 per tonne by year-end, given the weaker prices of late.
— The Borneo Post

Cancel tourism tax, says Warisan as 3,000 China tourists cancel trip
Parti Warisan Sabah vice-president Junz Wong wants Tourism and Culture Minister Nazri Aziz to cancel the tourism tax, at least for Sabah and Sarawak, warning it will further damage the tourism industry.
— Free Malaysia Today

Competitive motor insurance premiums
General insurance companies are expected to see increased competition in the pricing of motor insurance premiums, but the insurance association does not think a price war will erupt within the industry.
— The Star Online

Songkhla keen on 24-hour checkpoint with Malaysia
Traders and officials alike are looking forward to seeing the main border crossing with Malaysia open around the clock, but warn the benefits for tourism could be mixed.
— Bangkok Post

Analysts have mixed views on plantation firms’ earnings
There are mixed views on how plantation companies’ earnings will fare in the coming months given the weaker crude palm oil (CPO) prices and the solid recovery in palm oil production from the first quarter of this year.
— The Star Online

Beware of data stealing syndicates
Beware whenever you are asked to divulge personal details – the information may end up in the hands of data stealing syndicates.
— The Star Online

Aeon sells its Mahkota Cheras shopping mall
Aeon Co (M) Bhd is selling the Aeon Mahkota Cheras Shopping Centre and the freehold land on which it sits for RM87.8mil.
— The Star Online

Bank Negara flags another 14 unapproved firms, websites
Bank Negara Malaysia (BNM) has added another 14 companies and websites under its Financial Consumer Alert list which are neither authorised nor approved under the relevant laws and regulations.
— The Star Online

Power rebate or surcharge in July?
Consumers are expecting an announcement by the government on whether there will be a power rebate or surcharge for the next six months before the current term ends on June 30.
— The Star Online

Neutral Malaysia hopes to mediate Qatar crisis
Malaysia will continue to remain neutral despite offering to play a constructive role in the ongoing conflict between Qatar and other Arab countries.
— The Star Online

Many complacent about child sexual abuse, says NGO
Many people are still complacent when it comes to child sexual abuse, thinking that it won’t happen to their child or in their neighbourhood, says an NGO which is on a nationwide mission to teach children to guard against paedophiles.
— Free Malaysia Today

Feature photo John Walker
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 30 added by Leakhena Khat on June 30, 2017
View all posts by Leakhena Khat →

Bio
Latest Posts

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.