Malaysia Morning News For September 20

Children’s Education: Singaporeans Biggest Spenders, But More Indonesians Paying
When it comes to spending on their children’s education Singaporeans are the biggest spenders in Asean according to a recent survey by HSBC, but Indonesia has the highest proportion of parents paying for private tuition.
— AEC News Today

Malaysia Stock Market Poised To Halt Losing Streak
The Malaysia stock market has fallen lower in back-to-back sessions, sliding almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,775-point plateau although it’s expected to find traction on Wednesday.
— Nasdaq

Survey: Economy more important to Malaysian youth than 1MDB
Malaysian youths do not care much about politics and are instead more concerned about the economy, a recent study showed.
— Malay Mail Online

RM31.4m for Sabah schools and non-Islamic religious bodies
Sabah Chief Minister Musa Aman today announced that the state government would allocate RM31.4 million this year for schools and non-Islamic religious bodies.
— Free Malaysia Today

RCI ends amid controversy
The Royal Commission of Inquiry (RCI) into the forex scandal rejected a request from the lawyer of former prime minister Dr Mahathir Mohamad to act against Special Affairs Department (Jasa) director-general Mohd Puad Zarkashi for alleged witness intimidation.
— Malaysiakini

Immigration Dept to introduce device to check travel status at KLIA
The Immigration Department will introduce a device that will enable outgoing passengers to check their travel status at the departure hall of the KL International Airport, next month.
— Astro Awani

Malaysia to tighten supervision of private religious schools after deadly fire
Malaysia is moving to tighten supervision of privately-run religious schools after last week’s fire that killed 23 people at an Islamic school in Kuala Lumpur.
— Channel NewsAsia

Japan’s Mitsubishi UFI divests stake in Malaysia’s CIMB
Mitsubishi UFJ Financial Group (MUFG), a long-time shareholder in CIMB Group Holdings Bhd, is divesting its interest in the second-largest financial institution in Malaysia.
— The Star Online

Malaysia angling for tax revenue from foreign digital-services firms
MALAYSIA is looking to amend tax laws to ensure unregistered foreign digital-services companies operating in the country also contribute some revenue to Treasury.
— The Business Times

WorldRemit officially launches digital money transfers in Malaysia
London headquartered digital money transfer company WorldRemit has launched in Malaysia.
— The Edge Markets

Great Eastern may sell Malaysian ops for close to US$1b
ingapore’s Great Eastern Holdings Ltd is said to have engaged at least one Malaysian bank to explore selling its stake in its Malaysian operations for as much as US$1 billion (RM4.19 billion).
— The Edge Markets

Distrust of politicians one factor for low number of young voters
A distrust for politicians and the lack of interest in politics have contributed to the low number of young voters in Peninsular Malaysia, a public opinion survey shows.
— Free Malaysia Today

No more roadside traders in KL by 2020
Federal Territories Minister Tengku Adnan Tengku Mansor said all traders will have to relocate or conduct their business from food trucks.
— Free Malaysia Today

100 smuggling cases foiled over past 3 years
A total of 100 cases involving smuggling of controlled items have been reported in the state over the past three years, resulting in the confiscation of RM3 million worth of goods.
— The Borneo Post

Palm oil down
Malaysian palm oil futures hit a one-week low on Tuesday and were headed for a fourth straight session of fall, but traders said strong export outlook is expected to support the market.
— The News International

Sarawak declares Kampung Telagus Legai as 25th rabies-infected area
Yet another area in Sarawak has been declared rabies-infected, making Kampung Telagus Legai in Serian division the 25th location so far.
— New Straits Times

Feature photo chinsoontan
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 by AEC News Today is your one stop source for Malaysia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.

Malaysia Morning News For September 20 added by Stella-maris Ewudolu on September 20, 2017
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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.