Malaysia morning news for August 9

Malaysia morning news for August 9
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Malaysia morning newsMalaysia’s Ex-PM Najib Faces 125 Years Jail Time If Found Guilty On All 1MDB Charges
Former Malaysian prime minister Najib Razak could be jailed up to 125 years and fined a total of 210 million ringgit ($51.6 million) if found guilty of corruption, money laundering and other cases in relation to the scandal involving state investment fund 1Malaysia Development Fund (1MDB).
— Investvine

France reopens MH370 investigation amid claims of Malaysian cover-up
FRANCE has reopened its investigation into the fate of missing Malaysia Airlines flight 370 after Malaysia’s long-awaited “final report” failed to provide an explanation for the aircraft’s disappearance.

Malaysia LNG exports hit 4-year low on pipeline issues
Malaysia’s exports of liquefied natural gas (LNG) fell to a four-year low in July as domestic gas pipeline issues plaguing the country since January took their toll, according to industry sources and Thomson Reuters data.

Finance Minister says only 43.5pct of services subject to SST
Only 43.5 per cent of services will be subject to the Sales and Services Tax (SST) come Sept 1, compared with the 64.8 per cent of services which were subjected to the Goods and Services Tax (GST).
— The Star Online

Malaysia under fire over plan to control what women wear to work
The Malaysian Government’s plan to introduce a dress code for Muslim women in the workplace has sparked a backlash from women’s rights groups, which accuse officials of acting like “fashion police”.
— ABC News

Mahathir is back with his pivotal Look East policy
Malaysia’s new Prime Minister Mahathir Mohamad is set to reconfigure geopolitical realities in Asean by posturing Japan as the third force, writes Sathish Govind.
— Khmer Times

Gas Malaysia’s Q2 net profit rises 42.39 pct to RM48.07 mil
Gas Malaysia Bhd’s net profit in the second-quarter (Q2) ended June 30, 2018 escalated 42.39 per cent to RM48.07 million from RM33.76 million a year ago.
— New Straits Times

Malaysia’s trade minister Darell Leiking keen to draw economic growth to his turf in East Malaysia
Darell Leiking, a Malaysian federal minister from Sabah is keen to use his International Trade and Industry portfolio to drum up business for the two East Malaysia states that often complained about being sidelined by central government.
— The Straits Times

France reopens MH370 investigation after Malaysia accused of cover-up
France has reopened its investigation into the missing Malaysia Airlines flight MH370 after Malaysia was accused of covering up the truth in its final report.
— News Hub

Malaysia reduces aircraft types in air force transformation roadmap
The types of aircraft to be operated by the Royal Malaysian Air Force (RMAF) will be reduced as part of a long-term transformation programme aimed at sustaining the service’s operational capabilities up to 2055.
— Janes

Malaysia orders pictures of LGBT activists removed from exhibit
A Malaysian minister on Wednesday said he had ordered the removal of portraits of two lesbian, gay, bisexual and transgender (LGBT) activists from a public photography exhibition, as they promoted LGBT activities.
— Euronews

Restaurants only subjected to services tax when annual turnover hits RM1m
While the annual turnover threshold for the 6% services tax has been set at RM500,000, Finance Minister Lim Guan Eng said restaurants across the country will only be subjected to the tax when their turnover hits RM1 million.
— The Sun Daily

Oil Royalties in Post-Election Malaysia
Here is a brief background story of the growing debate about the allocation of oil royalties in select states in Malaysia.
— Oil voice

Huge potential for herbal industry in Sarawak
Sarawak’s biodiversity holds huge potential for the herbal industry to grow endogenously and increase economic activities both in the upstream and downstream and across the whole value chain.
— The Borneo Post

‘Alleviate the poor but don’t cap the rich’
In bridging the gap of inequality in terms of income and social security, the focus should be on lifting the bottom level of the social stratification, while at the same time advancing the growth prospects of the higher echelons.
— The Sun Daily

Kelington Group bags RM55 mil contracts in Singapore and Malaysia
Integrated engineering solutions provider Kelington Group Bhd has recently bagged several new contracts worth RM55 million in Singapore and Malaysia.
— New Striats Times

EPF will ensure investee companies are up to mark
In view of the changes corporate Malaysia has seen recently in terms of leadership and heads rolling due to corruption charges – the Employees Provident Fund (EPF) said it will ensure that the companies it invests in is up to the mark in terms of integrity and governance.
— The Sun Daily

BM Mobility launches first electric bike-sharing service in Malaysia
MAINBOARD-LISTED BM Mobility Ltd has launched the first electric bike-sharing service in Malaysia at the University of Malaya in Kuala Lumpur, using its own brand of bicycles, Revgo.
— Business Times

Ipoh’s MAPS cancels Dream Zone attractions
Perak Corp Bhd said a unit, Animation Theme Park Sdn Bhd (ATP) has called off a plan to open US-based DreamWorks Animation’s attractions at its theme park in Ipoh.
— The Star Online

BIMB Investment launches world’s first ESG sukuk fund
BIMB Investment Management Bhd today launched the world’s first environmental, social and governance (ESG) sukuk fund and first syariah sukuk fund in Malaysia approved under the Sustainable Responsible Investing guideline.
— The Sun Daily

Pizza Hut Malaysia apologises for anti-transgender tweet
Pizza Hut Malaysia says it has fired its social media agency over an anti-transgender tweet.
— Pink News

Axis REIT buys warehouse factory for RM18.5m
Axis Real Estate Investment Trust (Axis REIT) is acquiring an office and warehouse factory in Senawang Industrial Park, Seremban for RM18.5 million cash from Gandour (Malaysia) Sdn Bhd.
— The Sun Daily

‘Airlines free to decide on uniforms provided that they meet CAAM safety standard’
The airline companies are free to choose the Syariah-compliant uniforms for their flight attendants provided that they meet the safety standard set by the Civil Aviation Authority of Malaysia (CAAM), said Deputy Transport Minister Datuk Kamarudin Jaffar.
— The Borneo Post

Global Islamic Finance Forum returns
The Global Islamic Finance Forum (GIFF) returns this year, themed “Beyond Profit”, which is scheduled on October 3-4 here.
— New Straits Times


Feature photo Conny Sandland


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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