Malaysia morning news for July 24

Malaysia morning news for July 24

Malaysia morning newsComplaints on price hikes in Malaysia triple after removal of GST
The number of complaints on price hikes reported to the Government tripled after the zero-rating of Goods and Services Tax (GST).
— AsiaOne

Malaysia aims to lower voting age to 18, says minister
The young in Malaysia are likely to get more power after backing 93-year-old Mahathir Mohamad to topple a regime that ruled the South-east Asian nation for six decades.
— The Straits Times

Najib denies signing off cheques to Umno using 1MDB monies
Former prime minister Datuk Seri Najib Tun Razak denied signing off any cheques to Umno using money from 1Malaysia Development Berhad (1MDB).
— AsiaOne

Mahathir to axe arrest powers
Malaysian Prime Minister Mahathir Mohamad says his government will repeal the 2012 Security Offences Special Measures Act (Sosma), which allowed the authorities to make arrests without going to court.
— Asean Economist

Sarawak Report Explains Its Reasons For An Alleged “Smear” Against Petros
Over the weekend the office of the Chief Minister of Sarawak, Abang Johari, issued a statement, which revealed that a memorandum announced with great pomp as the ‘first deal’ by Sarawak’s state oil company, Petros, in January has now ‘lapsed’.
— Sarawak Report

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Malaysia’s Axiata sells stake in Cambodia unit to Japan’s Mitsui
MALAYSIA-based Axiata Group has sold a further 10 per cent stake in its Cambodian subsidiary Smart Axiata to Japanese group Mitsui Co Ltd.
— The Nation

Malaysia tax cuts push up consumer-related shares
Consumer-related shares are trending high in Malaysia as domestic spending surges after the government of Mahathir Mohamad effectively abolished the goods and services tax in June by reducing it to 0% from 6%.
— Nikkei Asian Review (paywall)

Malaysia and Indonesia agree to settle border issues
Malaysia and Indonesia have agreed to resolve issues pertaining to the delineation of borders of both countries.
— The Star Online

Malaysia must focus on growth, not austerity, says Tony Fernandes
AirAsia boss says this will enable it to better handle its debt.
— The Malaysian Insight (paywall)

Malaysia Digital Economy Corporation signs MoU to boost Malaysia’s cybersecurity industry
Strengthening the cybersecurity industry is crucial for futureproofing Malaysia’s Digital Economy.
— OpenGovAsia

US-Malaysia Defense Ties in Focus with Air Force Exercise
A look at the latest drills within the context of the bilateral defense relationship.
— The Diplomat (paywall)

Transition of tax will be largely neutral on gaming industry
The transition from goods and services tax (GST) to sales and service tax (SST) will be largely neutral on earnings of the gaming industry, analysts believe.
— The Borneo Post

Malaysia small country and can’t meddle in Cambodian affairs: spokesperson
The Cambodian Council of Minister’s spokesman Phay Siphan brushed off comments from a Malaysian MP who raised concerns over Cambodia’s July 29 national elections, the Phnom Penh Post reported today.
— The Independent

Malaysian workforce prefers agile working
Ninety per cent of Malaysian employees prefered agile working as it allows them to maintain a good work-life balance, according to a survey conducted by global human resources firm, The Randstad Group.
— New Straits Times

Thai police foil major attempt to smuggle drugs into Malaysia
A major attempt to smuggle 400kg of “Ice” (crystal methaphetamine) and 77kg of heroine worth billions of baht into Malaysia was foiled by the country’s Narcotics Suppression Bureau (NSB).
— The Star Online

Malaysia’s profile stable with rising use of domestic sukuk
Malaysia’s efforts to create a local market for Islamic finance instruments and the increasing use of domestic sukuk, in particular to fund the country’s budget deficit, are supporting the sovereign’s credit quality (A3 stable rating), said Moody’s Investors Service.
— The Borneo Post

What’s Next for Malaysia’s New Rohingya Hospital in Bangladesh?
A recent visit spotlighted one of the Southeast Asian state’s contributions in response to the Rohingya crisis.
— The Diplomat

Malaysia eyes spot on world’s top 10 tourist destinations
The ministry of tourism, arts and culture aims to improve the country’s position after being ranked 12th last year.
FMT

iPay88 Holding to capitalise on IoT by 2023
iPay88 Holding Sdn Bhd is set to capitalise on the Internet of Things (IoT) push through its ‘Payment Dream’ aspirations.
— New Straits Times

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Foreign selling on Bursa Malaysia last week halves to RM247.1m
The net amount sold by foreign investors last week shrank by more than half from RM531.8 million to RM247.1 million, the smallest weekly attrition so far this year.
— The Sun Daily

 

Feature photo xiquinhosilva

 

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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