Malaysia Morning News For May 18

Dual passport holders lose Malaysian citizenship automatically
Malaysian Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said Tuesday that a Malaysian who holds dual citizenship will automatically lose his/her Malaysian citizenship, according to New Straits Times Online report on Wednesday.
– Thai PBS

Fight corruption at all levels
From 2016 to last February, the Malaysian Anti-Corruption Commission’s (MACC) records show that 665 investigation papers were opened involving civil servants.
– The Star Online

Capital requirement for ETF issuers to be eased by end 2017
By the end of this year, the minimum capital requirement for exchange-traded fund (ETF) issuers will be lowered from RM10 million to RM2 million, while futures-based and conventional commodity-based products will be introduced.
– The Edge Markets

Urban Transformation Centre is a world class product, DPM says
The Urban Transformation Centre (UTC), which was created to facilitate a variety of services under one roof for the people’s convenience, is a world-class product, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
–Malay Mail Online

FORMER MEGAN MEDIA CHIEF GETS JAIL FOR FALSIFYING REVENUE
Former Megan Media Holdings Bhd executive chairman and director Datuk Dr Mohd Adam Che Harun has been sentenced to 18 months’ jail for furnishing false revenue figures to Bursa Malaysia Securities Berhad.
– Malaysia Chronicle

‘Drop in jobless rate nothing to shout about’
News of a drop in the unemployment rate has failed to impress either the Malaysian Trades Union Congress (MTUC) or the Malaysian Employers Federation (MEF).
– FMT

TI-M calls for harsher penalty for graft offenders
Transparency International Malaysia (TI-M) has proposed the minimum one day jail sentence for corruption offenders under the Malaysia Anti-Corruption Commission (MACC) Act 2009 be reviewed to enable the crime to be tackled more effectively.
–Malay Mail Online

ATM, online banking safe from ransomware attacks – ABM
The electronic messages on disruption of online/Internet banking and automated teller machine (ATM) services, possibly due to ransomware attacks, that have been circulating via social media are not true, said the Association of Banks in Malaysia (ABM).
– The Star Online

Petrol, diesel prices up after three consecutive declines
Retail prices for petrol and diesel will increase by 7 sen and 4 sen respectively tomorrow
–Malay Mail Online

Where is Malaysia-China relationship headed, asks Amanah
Parti Amanah Negara strategy director Dr Dzulkefly Ahmad today asked where Malaysia is going with its relationship with China.
– FMT

KLCI takes a hit after Wall St tumble
Key Asian markets including Bursa Malaysia fell in early Thursday trade, as investor sentiment was rattled by the overnight tumble on Wall Street following reports that US President Donald Trump tried to influence a federal probe.
– The Star Online

June 30 deadline for Bandar Malaysia developer submissions
Parties interested to take up the role of master developer for the multibillion-ringgit Bandar Malaysia development in Sungai Besi here have up to June 30 to submit their proposals.
– The Edge Markets

Soap to Chocolate: We Consume 17 Pounds of Palm Oil Each Year
Pick up any package in a supermarket and there’s about a 50 percent chance it’s got palm oil in it.
– Bloomberg

Measures to spur exchange-traded fund growth
Exchange-traded fund (ETF) managers will no longer be required to go through principal advisers to submit their applications for new issuances of the investment products in Malaysia from now on.
– The Star Online

Immigration officers warned against using violence on detainees
The Immigration Department will not hesitate to take disciplinary action against officers who use violence against detainees at its detention depots.
–Malay Mail Online

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Malaysia morning news is published M-F by AEC News Today: Governance, not government; policies not politics.

Malaysia Morning News For May 18 added by John Le Fevre on May 18, 2017
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.