Malaysia Morning News For August 28

Miti completes preliminary investigation of anti-dumping of imported cold rolled coils
The government has completed a preliminary determination on the investigation on anti-dumping of cold rolled coils or non-alloy steel (CRC) measuring more than 1,300mm in width from countries abroad and found sufficient evidence to continue investigating.
— The Sun Daily

Guan Eng emphasises need to diversify financing ecosystem
Finance Minister Lim Guan Eng says diversifying the country’s financing ecosystem will help fund small and medium enterprises.
— FMT News

Malaysia: DSTE Capital set to be largest producer of MD2 pineapples
More than 400 guests attended the groundbreaking ceremony to mark the start of DSTE Capital Limited’s first phase of MD2 pineapple planting. This first phase sees the planting of 40 ha of MD2 pineapples in DSTE owned farms in Padang Lembu, Kedah. This will add up to two million MD2 pineapple plants in DSTE farms.
— Fresh Plaza

Finance Ministry explains why Penang govt’s Toyota fleet not tax-free
The Penang government is required to pay tax on its recent purchase of 15 Toyota Camry for its officials because the car make is foreign, the Finance Ministry said today.
— Malay Mail

Malaysia looking at reducing Vietnam-Malaysia trade imbalance
Malaysia is looking at reducing its trade imbalance with Vietnam, said Prime Minister Tun Dr Mahathir Mohamad.
— The Sun Daily

PM urges businessmen overseas to help M’sia achieve developed nation status
Tun Dr Mahathir Mohamad has urged Malaysian investors and businessmen overseas to do their part to help the country achieve developed status by 2025.
— The Sun Daily

Najib’s daughter: Why is IRB after me?
The daughter of former prime minister Datuk Seri Najib Abdul Razak has questioned the government over the Inland Revenue Board’s (IRB) move to get her to pay RM10.3 million in unpaid income tax between 2011 and 2017.
— The Sun Daily

PetGas sees higher tax expense in Q2
Petronas Gas Bhd’s (PetGas) net profit for the second quarter ended June 30, 2019 fell 1.3% to RM502.90 million from RM509.33 million a year ago as a result of higher tax expense.
— The Sun Daily

NGO wants govt to be transparent in micro-data on poverty
The Institute for Democracy and Economic Affairs (IDEAS) has urged the government to be more open and transparent in providing statistics and micro-data on poverty.
— The Star Online

PIAM: General insurance industry needs more liberalisation
The general insurance industry is set to witness challenges ahead after recording a 1.4 per cent drop in gross direct premiums to RM8.915 billion in the first half of 2019 (1H19).
— The Sun Daily

Room for more Petronas-Petro Vietnam cooperation: Mahathir
Petroliam Nasional Bhd (Petronas) can further deepen its cooperation with Vietnam Oil and Gas Group (PetroVietnam), Prime Minister Tun Dr Mahathir Mohamad (pix) said today.
— The Sun Daily

Malaysian prosecutors wrap up first case against Najib
Malaysian prosecutors Tuesday (Aug 27) wrapped up the first of several cases against toppled leader Najib Razak over the plundering of state fund 1MDB, a day before the start of his main trial linked to the scandal-hit fund.
— Channel NewsAsia

Alliance Bank shares down 7.7% on weak Q1 earnings
Alliance Bank Malaysia Bhd’s net profit for the first quarter (Q1) ended June 30, 2019 fell 43.8% to RM76.69 million from RM136.37 million a year ago, mainly due to expected credit losses stemming from the impairment of a few large accounts, and the continued investment in IT infrastructure to support the group’s transformation.
— The Sun Daily

Sime Darby FY19 profit jumps 53.3%, declares 8 sen dividend
Sime Darby Bhd registered a 12.9% increase in net profit to RM184 million for the fourth quarter ended June 30, 2019 against RM163 million in the previous corresponding period, underpinned by higher contribution from the industrial and motors segments.
— The Sun Daily

Pos Malaysia introduces new online shipping platform SendParcel
Pos Malaysia Bhd has introduced Pos Laju SendParcel – a new online shipping platform that provides convenience to customers.
— The Sun Daily

Law minister says decision on judicial misconduct RCI now for the courts
The decision on whether or not to establish a royal commission of inquiry (RCI) into alleged judicial misconduct is no longer with the government but the courts, Datuk Liew Vui Keong said today.
— Malay Mail

Selangor Dredging cautious on property outlook despite 95% inventory sold
Selangor Dredging Bhd (SDB) is cautious on the property sector, despite having achieved 95% inventory sold for some of its development projects.
— The Sun Daily

Prosecution rests case on Najib’s RM42m SRC International corruption trial
The prosecution’s case against Datuk Seri Najib Razak who is charged with abusing RM42 million in funds from state-owned SRC International Sdn Bhd has ended after 57 days.
— Malay Mail

Steer clear of illegal tour providers
With the tourism industry going digital, travellers have undoubtedly had an easier time planning their itinerary — from booking flights and accommodations to getting the best deals.
— New Sarawak Tribune

Penang steps up efforts in checking sea pollution claims
Penang has directed the Department of Environment (DOE) to step up efforts in identifying possible patches of pollutants in the sea off Teluk Bahang and Teluk Kumbar.
— The Sun Daily

Investigation committee set up over KLIA system hitch
The Ministry of Transport (MOT) yesterday announced the setting up of a committee to investigate the failure of the KL International Airport (KLIA) Total Airport Management System (TAMS) following the incident of system disturbance at the airport.
— The Sun Daily

MRCB reports lower Q2 earnings
Malaysian Resources Corp Bhd’s (MRCB) net profit for the second quarter ended June 30, 2019 fell 66.9% to RM11.06 million from RM33.45 million a year ago.
— The Sun Daily

RHB aims to complete insurance arm disposal by Q1 2020
RHB Bank Bhd hopes to complete the proposed disposal of its insurance arm to Tokio Marine Asia Pte Ltd by the end of the first quarter next year (Q1 2020).
— The Sun Daily

IRB denies viral claim taxpayer info is recorded based on race
The Inland Revenue Board (IRB) today denied a viral claim on social media that taxpayers data is recorded based on race.
— The Sun Daily

31 illegal immigrants nabbed in Labuan
The Immigration Department arrested 31 illegal immigrants from the Philippines in an operation at the Kiamsam Refugee Settlement Scheme last Saturday, it was revealed today.
— The Sun Daily

New party ready to fight for Sabah, will not work with any others to achieve goals
A little-known opposition party, Parti Gagasan Rakyat Sabah, is coming to the forefront, and wants to emerge as a strong and reliable party on its own.
— The Star Online

Nestle posts lower Q2 earnings, pays 70 sen dividend
Nestle (Malaysia) Bhd’s net profit for the second quarter ended June 30, 2019 fell 5.6% to RM156.89 million from RM166.16 million a year ago, due to a planned increase in marketing investment as well as some unfavourable net impact from exchange rates and commodity prices.
— The Sun Daily

Heightened trade tensions weigh on Bursa, ringgit
The escalation of trade tensions between the US and China bogged down major markets across the region today, with the FBM KLCI tumbling as much as 18.82 points or 1.2% to an intraday low of 1,590.51 points.
— The Sun Daily

Adib’s family gets nod to cite AG Tommy Thomas for contempt
The Shah Alam Coroner’s Court today allowed the bid by Muhammad Adib Mohd Kassim’s family to launch contempt proceedings against Attorney General (AG) Tommy Thomas for disrupting the inquest on the fireman’s death.
— Malay Mail

PAS leader demands updates on investigations of five DAP leaders
PAS deputy president Datuk Tuan Ibrahim Tuan Man pressed authorities today on the progress of the investigations into the five DAP leaders who were the subject of police reports.
— Malay Mail

Malaysian arrested at Chennai Airport with 6.5kg of gold
A Malaysian woman was arrested with smuggled gold worth 25 million rupees (RM1.47 million) at Chennai’s international airport.
— The Borneo Post

RTD issues 418 notices in integrated ops in KL
A total of 418 notices were issued by the Road Transport Department (RTD) for various traffic offences in an integrated operation conducted here last night.
— The Sun Daily

Claiming torture and wrongful arrest, Yemeni sues police and others for RM2.6m
A Yemen citizen has launched a lawsuit to claim RM2.61 million in compensation from the Malaysian government, police, immigration and prison authorities for what he claimed as unlawful arrest and torture here in 2017.
— Malay Mail

OPR cut likely in September as currency war risk grows, says AmBank Research
AmBank Research is looking at a rate cut of 25 basis points (bps) by Bank Negara Malaysia (BNM) in September, underpinned by external noises and the increasing number of central banks around the world cutting interest rates.
— The Sun Daily

Perak MB: I will take over Paul Yong’s duties for the time being
Perak Mentri Besar Datuk Seri Ahmad Faizal Azumu will take over the portfolios of executive council member Paul Yong Choo Kiong, who has been charged with rape, while he goes on leave from his official duties.
— The Star Online

Sept 23 hearing for Riza Aziz’s application to transfer case to High Court
The High Court here today set Sept 23 to hear the defence’s application to transfer the case of Riza Shahriz Abdul Aziz (pix), the stepson of former prime minister Datuk Seri Najib Abdul Razak on money laundering charges amounting to US$248 million (RM1.25 billion), allegedly misappropriated from 1Malaysia Development Berhad (1MDB) from the.
— The Sun Daily

MNS members want details on wildlife casualties from Kuala Baram fires
Nature lovers here want accurate details on the casualties to wildlife caused by the devastating forest fires in the Kuala Baram district over the past 26 days.
— The Star Online

High Court says can’t hear SIS challenge against ‘deviant’ fatwa, directs group to Shariah courts
The High Court rejected today Sisters in Islam’s (SIS) legal challenge against a 2014 Selangor fatwa or religious edict that declared it as deviant.
— Malay Mail

Maszlee publishes FAQ on free breakfast programme for primary school pupils
Education Minister Dr Maszlee Malik has published an in-depth frequently asked questions (FAQ) post on his Facebook page today, explaining the free breakfast which will be provided to all primary school pupils nationwide beginning January 2020.
— The Borneo Post

Kevin Morais nothing to do with SRC International case, High Court told in Najib’s trial
The 2015 murder of deputy public prosecutor Datuk Anthony Kevin Morais was unrelated to corruption investigations into SRC International Sdn Bhd, an anti-graft officer testified in the trial of Datuk Seri Najib Razak today.
— Malay Mail

Saying education is for all, minister tells states to budget for extra STEM classes
Education Minister Maszlee Malik today urged state governments to set aside funds in their respective 2020 budget for extra classes on science, technology, English and mathematics (STEM) subjects in primary schools.
— Malay Mail

Maszlee: Don’t harm kids’ education just to protest jawi classes
Groups threatening a student boycott to protest jawi lessons in national schools will only deprive the affected children of their schooling, Education Minister Maszlee Malik said today.
— Malay Mail

Jakim tells upset concert organisers to send objections Puspal’s way
The Malaysian Islamic Development Department (Jakim) said it is not responsible for approving entertainment events and their timing, after at least one organiser said it planned to challenge an order to shift its event over.
— Malay Mail

Suicide: Mental health problem also affects teenagers
The incident where a student allegedly hanged himself after he could not cope with the stress caused by his schoolwork should be a ‘wake-up call’ that the reality of mental health issues also affect teenagers, said the Patron of the Malaysian Psychiatric Association Tan Sri Lee Lam Thye.
— The Sun Daily

Artistes to enjoy EPF and Socso contributions from Jan 2020
More than 30,000 local artistes will enjoy the Employees Provident Fund (EPF) and Social Security Organisation (Socso) contributions when they are implemented from January 2020.
— The Sun Daily

Flight MH8311 from Jeddah was delayed due to technical issue: MAS
Amal, by Malaysia Airlines flight MH8311, which was scheduled to depart Jeddah at 1.10am on Saturday for Kuala Lumpur, experienced a prolonged delay due to a technical issue on the A380-800 aircraft operating the flight.
— The Sun Daily

BLand posts two-month pre-tax profit of RM2.18m
Berjaya Land Bhd (BLand) posted a pre-tax profit of RM2.18 million for two months ended June 30, 2019, mainly due to the unfavourable fair value changes of investment properties, impairment of gaming rights, assets of disposal group and goodwill, mitigated by the gain recognised on disposal of a subsidiary company amounting to RM18.37 .
— The Sun Daily

Armed Forces help Malaysian toddler undergo liver surgery in New Delhi
A Malaysian child underwent a liver surgery in New Delhi with the support of the Malaysian Armed Forces (ATM).
— The Sun Daily

Education minister says free breakfast programme about health and civics, ethics
The government’s free breakfast programme to kick off in all primary schools next year is aimed to teach children the importance of healthy eating and civic consciousness during meal time, Maszlee Malik said today.
— Malay Mail

Feature photo Mohd Fazlin Mohd Effendy Ooi

This week’s Malaysia morning news feature photo focuses on Malaysia National Day, August 31.

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).

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