Malaysia morning news for August 16

Malaysia morning news for August 16

Malaysia morning newsGovt urged to formulate strategy to strengthen construction sector
Former Minister of International Trade and Industry Datuk Seri Mustapa Mohamed has urged the government to formulate a strategy to stabilise and strengthen the country’s construction sector.
— New Straits Times

Petronas Gas’ 2Q net profit rises to RM537.08 million
Petronas Gas Bhd’s (PetGas) net profit for the second quarter (2Q) ended June 30, 2018, rose to RM537.08 million from RM425.93 million registered in the same quarter last year.
— The Borneo Post

Malaysia aims to be Asia’s fertility hub by 2020
Malaysia is capable of becoming Asia’s fertility and cardiology treatments hub by 2020 due to the high quality of health services available in the country.
— Malaysia Kini

Public Bank achieves RM3.55 billion in pre-tax profit for 1H18
Public Bank Bhd (Public Bank) recorded pre-tax profit of RM3.55 billion, a growth of 5.5 per cent from the corresponding period in 2017 for the first half of the year ended June 30, 2018.
— The Borneo Post

Kim Jong-nam murder trial: two suspects await key Malaysia court ruling
A Malaysian judge will deliver a key ruling today in the trial of two women accused of the assassination of Kim Jong-nam, the half-brother of North Korea’s leader, with their families hopeful they will be cleared.
— The Guardian

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Malaysia’s curry laksa, Singapore’s chilli crab among Lonely Planet’s best food experiences
If you recently ate curry laksa in the Malaysian capital of Kuala Lumpur you would have experienced one of the world’s “most incredible meals”, second only to pitxos in San Sebastian, Spain.
— Channnel NewsAsia

Building costs aside, Malaysia also concerned about East Coast Rail Link’s ‘very high’ running costs
The Malaysian government’s review of the East Coast Rail Link (ECRL) is not confined to construction costs only, but also to the viability of maintaining the rail network, said Finance Minister Lim Guan Eng.
— The Straits Times

Malaysia PM Mahathir’s approval rating at 71% but concern over race and religion growing: Survey
Malaysians have given Prime Minister Mahathir Mohamad a 71 per cent approval rating, but concern about ethnic and religious issues has risen since his election in May, an opinion poll showed on Wednesday (Aug 15).
— Channnel NewsAsia

Malaysia warned of China-sponsored cyberattacks
Cyber espionage activities could target Malaysian government agencies as Dr Mahathir prepares to visit China.

‘Fruit diplomacy’ between Malaysia and China
The upcoming visit by Prime Minister Mahathir Mohamad to China will be a fruitful affair.
— Channnel NewsAsia

Indonesia bans imports of fresh poultry, products from Malaysia
Indonesia’s Agriculture Ministry will ban imports of fresh poultry and unprocessed products shipped after Aug 9, ministry says in statement.
— The Edge Markets

Unemployment rate at 3.4% in first quarter of 2018
Malaysia recorded an unemployment rate of 3.4% in the first quarter of 2018, putting the country in the category of a full employment nation, says Labour Department of Peninsular Malaysia director-general Mohd Jeffrey Joakim.

Mudajaya: RM119m job to build office tower terminated
Mudajaya Group Bhd said today its wholly owned subsidiary Mudajaya Corp Bhd’s RM119 million contract to build a 16-storey office complex in Shah Alam, Selangor, from KLIAA-KLIACS Consortium (KLIA Consortium), known as Hevea Tower, has been terminated.
— The Sun Daily

Malaysia’s second-quarter GDP growth pace seen cooling to 5.2 percent year-on-year
Malaysia’s economic growth pace likely slowed again in the second quarter of 2018, a Reuters poll showed.
— The Star Online

Shorubber expects to remain Malaysia’s largest industrial glovemaker
Shorubber (M) Sdn Bhd (Shorubber) targets to remain as Malaysia’s largest industrial glovemaker by upgrading its plant in the Jejawi Industrial Zone, under a five-year renovation plan that started in 2016.
— The Edge Markets

Smell Something Burning In The Air? That’s Haze Returning To Malaysia
Looks like the much-dreaded haze is making a comeback. In fact, many Malaysians have noticed the familiar burning smell that usually accompanies the arrival of haze in the past week.

Guan Eng: GST refund next year
The Pakatan Harapan government is committed to returning the Goods and Services Tax (GST) refunds that were improperly or even “illegally” withheld by the previous government, beginning next year, said Finance Minister Lim GuanEng today.
— The Star Online

PHB develops RM1.5 billion properties
Pelaburan Hartanah Bhd (PHB), a property investment company and fund manager of Amanah Hartanah Bumiputera (AHB), is developing four property projects with an estimated gross development value (GDV) of RM1.5 billion.
— New Straits Times

DHL eCommerce Integrated on Shopee, Offering Malaysians Next-Day Delivery Service
DHL eCommerce, a division of the world’s leading logistics company, Deutsche Post DHL Group (DPDHL), today announced its partnership with Shopee, the leading e-commerce platform in Southeast Asia and Taiwan to offer domestic delivery for Shopee sellers and buyers across Malaysia.
— Business Insider

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Turkey crisis to have minimal, cautious impact on Malaysia
Analysts believe the ongoing crisis in Turkey will have a “minimal, yet cautious impact” on Malaysia despite the former being ranked as one of the top five of Malaysia’s palm oil exports destinations.
— The Borneo Post

‘Many foreigners like to work in Malaysia because it is peaceful’
Many foreigners working in various sectors in Kelantan, mostly at construction sites, will adhere to the government’s 3+1 programme with regard to foreign workers, although a majority of them just arrived in this country.
— New Straits Times

Ministry of Health halts programme providing new drugs for free
The Ministry of Health has suspended a scheme by pharmaceutical companies that provides expensive new medications, which are unavailable in public hospitals here for free.
— Malay Mail

Analysts neutral on HSL’s first key contract in Bintulu
Analysts are generally neutral on Hock Seng Lee Bhd’s (HSL) first key contract in financial year 2018 (FY18) in Bintulu which has boosted the group’s outstanding order book to RM2.6 billion.
— The Borneo Post

Malaysia bowlers face tough challenge
Bowling is Malaysia’s biggest contributor in the Asian Games with a haul of 10 gold, 11 silver and seven bronze.
— New Straits Times

RAM reaffirms AAA/stable rating of Sabah’s bonds
RAM Ratings has reaffirmed the rating of the Sabah’s RM1.0 billion Bonds (2014/2019) at AAA/stable.
— The Borneo Post

Top Glove makes fresh bid to freeze Adventa’s assets
Top Glove Corp Bhd has filed a fresh Mareva application to freeze the assets of Adventa Capital, after its previous application was dismissed by the Kuala Lumpur High Court.
— The Sun Daily

World Bank appoints Raad as new Country Manager for Malaysia
Firas Raad has been appointed as the new Country Manager for the World Bank Group Global Knowledge and Research Hub in Malaysia.
— New Straits Times


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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.

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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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