Malaysia Morning News For October 2, 2019

MIER urges govt to re-introduce GST in Budget 2020
The Malaysian Institute of Economic Research (MIER) has urged the government to re-introduce the Goods and Services Tax (GST) in the 2020 Budget at a lower rate of three per cent.
— The Sun Daily

Malaysia pushes for strict law to police vapes, e-cigarettes
Malaysia is planning to introduce strict regulations on the sale and use of electronic cigarettes and vaporisers, health officials said on Tuesday, as countries around the world move to ban devices that have been linked to deaths and youth addiction.
— The Star Online

Endangered elephant shot 70 times, tusks removed
Last Thursday, a group of anglers found the adult male elephant’s mutilated carcass floating half-submerged in a river, tied by a rope to a tree on the bank, near Tawau.
— Asean Economist

Lower AirAsia passenger service charge starts today
AirAsia’s reduced passenger service charge (PSC) of RM50 starts today at KLIA2 and other international airports in Malaysia.
— The Star Online

Malaysia to review greenhouse gas emissions commitment: Mestecc
Malaysia will be reviewing its greenhouse gas (GHG) emissions commitment, pledged under the Paris Agreement (PA) in 2016, said Yeo Bee Yin (pix), the Minister of Energy, Science, Technology, Environment and Climate Change (Mestecc).
— The Sun Daily

Malaysia’s Sep manufacturing PMI at four-month high
The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to a four-month high of 47.9 in September, up from 47.4 in August.
— The Sun Daily

CIMB banks on renewable technology for SMEs
CIMB Group Holdings Bhd has launched a financing facility for small and medium enterprises (SMEs) to buy and install equipment related to renewable energy technologies.
— The Sun Daily

Govt, telcos need to find balance in fulfilling national agenda and profitability: Prof
The government and telecommunication companies (telcos) need to find a balance through continuous engagements in fulfilling the national agenda of providing affordable and faster internet to Malaysians, as well as protecting profitability as the industry’s race for cost efficiency.
— The Sun Daily

Guan Eng preaches balance in juggling country’s debts, development expenditure
Information can be a double-edged sword, depending on how it is being perceived and in the case of the country’s debt level, all is well as the government is balancing it within its means, Finance Minister Lim Guan Eng.
— Malay Mail

Study: Malaysia ranked 9th best destination for expats to live and work
Malaysia is ranked the 9th best destination for expatriates to live and work in, according to a new study. Expatriates are generally happy with the affordability of life in Malaysia and find it easy to settle in.
— Star2.com

International NGO pledges RM10k, reward for capture of poachers responsible for brutal elephant killing now RM30k
International non-governmental organisation Orangutan Appeal UK has pledged an additional RM10,000 for the arrest of those involved in the recent killing of an elephant in Sungai Udin Tawau.
— The Borneo Post

Between development and managing debts, you can’t take sides: Guan Eng
Information can be a double-edged sword, depending on how it is being perceived and in the case of the country’s debt level, all is well as the government is balancing it within its means, Finance Minister Lim Guan Eng (pix) said.
— The Sun Daily

Bring back GST, MIER says when presenting Budget 2020 wishlist
Pakatan Harapan should reintroduce the Goods and Services Tax (GST) at a lower rate to safeguard government revenue against oil price instability, the Malaysian Institute of Economic Research (MIER) suggested today.
— Malay Mail

Xavier: Govt to review laws to better protect water resources
KThe government will be reviewing by-laws and legislation to better protect our water resources, says Dr Xavier Jayakumar.
— The Star Online

Govt urged to provide incentives to youth in agriculture
The Malaysian Youth Council (MBM) expressed hope that the government, through the 2020 Budget which will be tabled on Oct 11, will provide incentives to youth who are involved in agriculture, similar to the ones previously practised by the federal land development authority (Felda).
— The Sun Daily

Malaysia halts enforcement of VEP at Johor checkpoints
Malaysia has halted the enforcement of its Vehicle Entry Permit (VEP) at the two Johor checkpoints, the Ministry of Transport said on Tuesday (Oct 1), following several teething problems last week.
— The Straits Times

What Does Malaysia’s New Foreign Policy Framework Mean for Pakatan Harapan’s Approach to the World?
A closer look at what a significant new document means for the country’s foreign policy in the coming months and years.
— The Diplomat

Abdul Karim ‘disgusted’ with individuals who disrespected national anthem
Tourism, Arts and Culture Minister Datuk Abdul Karim Rahman Hamzah is “disgusted” with a group of individuals who disrespected the national anthem by refusing to stand when the song was played.
— The Borneo Post

Penang exco wants more funds for PPR, relaxed lending for home buyers
Penang state executive councillor Jagdeep Singh Deo is hoping the federal government will have a bigger budget next year for the People’s Housing Project (PPR).
— Malay Mail

Three management members of automotive cooperative claim trial to abuse of funds
Three top management members of Koperasi Automobil Kuching Sarawak (Kokas) pleaded not guilty in the Sessions Court here today to multiple charges of criminal breach of trust (CBT) involving the abuse of funds of over RM3.4 million.
— The Borneo Post

Interior designer wins Da Ma Cai RM24 million Jackpot
Winning the jackpot is a dream come true to many, but winning the RM24,023,703 Da Ma Cai 1+3D Jackpot is definitely surreal and life-changing for an interior designer in Penang.
— The Sun Daily

Food delivery riders go on four-hour ‘strike’ over alleged raw deal
A four-and-a-half-hour protest was all it took for Foodpanda riders to get themselves a better deal.
— The Sun Daily

PH Sarawak clarifies on MPKK chairman, secretary’s allowances
The chairman of Village Community Management Council (MPKK) will receive RM500 monthly allowance, while the secretary will receive RM300.
— The Borneo Post

KNM bags two contracts in Indonesia worth RM55.62m
KNM Group Bhd has clinched two contracts with a total value of US$13.285 million (RM55.62 million).
— The Sun Daily

Jobs creation with reasonable pay an emphasis in 2020 Budget: Lim
Budget 2020 will give emphasis on creating more job opportunities with reasonable pay to give Malaysians the desire and motivation to work, says Finance Minister Lim Guan Eng (pix).
— The Sun Daily

The need for a shared prosperity model: How income disparity can lead to political instability
The income disparity between different sections of society can lead to political instability if left unaddressed, analysts and observers have said.
— Malay Mail

LTAT chairman: No criminal element in fund’s financial irregularities
The slew of financial irregularities revealed in the Armed Forces Fund Board (LTAT) are deemed “mismanagement” rather than criminal intent, said LTAT chairman Gen (R) Tan Sri Dr Mohd Zahidi Zainuddin.
— The Sun Daily

Foreign investors still net sellers on local bourse
Foreign funds remained as the net sellers on Bursa Malaysia last week, according to MIDF Research.
— The Sun Daily

Oxford scholar out to erase negative image of Islam
The fatwa (edict) against the killing of civilians which arose from a treatise written by Datuk Dr Afifi al-Akiti, the first Malaysian to hold a permanent teaching post at the prestigious University of Oxford, has placed him on par with the world’s leading Islamic scholars.
— The Star Online

1MDB Gil issued RM12b in bonds with support from Najib: Witness
The High Court here today was told that 1Malaysia Development Berhad Global Investments Limited (1MDB GIL) had issued US$3 billion (RM12 billion) in bonds with support from former prime minister Datuk Seri Najib Tun Razak (pix) to Abu Dhabi-Malaysia Investment Company (Admic) despite the company was not in operation.
— The Sun Daily

1MDB GIL-Admic JV finalised in two months: Witness
The joint venture between 1Malaysia Development Berhad Global Investments Limited (1MDB GIL) and the US$6 billion (RM25.17 billion) Abu Dhabi Malaysia Investment Company (Admic) was finalised in two months, the High Court was told today.
— The Sun Daily

Ekuinas sees private equity market to remain subdued next year
Ekuiti Nasional Bhd (Ekuinas) foresees that the private equity market to remain subdued next year, due to lofty valuation expectations of entrepreneurs, according to its CEO Syed Yasir Arafat Syed Abd Kadir (pix).
— The Sun Daily

Malaysia on alert over yellow fever outbreak in Nigeria
Malaysia is stepping up precautionary measures in the wake of an outbreak of yellow fever in northern Nigeria that has claimed 16 lives.
— The Star Online

Sarawak CM says state to have own coastal guards to ward off illegal fishermen
Sarawak Chief Minister Datuk Abang Johari Openg today announced that his state government will set up its own coastal area enforcement unit after amending the State Fisheries Ordinance 2003.
— Malay Mail

Shared Prosperity Vision will elevate Malaysia in the IR4.0 value chain: Analyst
The soon-to-be-implemented Shared Prosperity Vision will enable Malaysia to step up its game in the Industrial Revolution 4.0 (IR4.0) supply-chain, becoming one of the great providers and manufacturers in the digital economy.
— The Sun Daily

Health Ministry withdraws notification of four poisonous cosmetic products
The Health Ministry has withdrawn the notification of four cosmetic products found to contain scheduled poison.
— The Sun Daily

RTS suspension: Singapore to claim any additional cost incurred beyond Sept 30
Singapore today said it reserved the right to claim any additional cost incurred beyond September 30, 2019, should Malaysia request any further extensions of the suspension period on the Johor Baru-Singapore Rapid Transit.
— Malay Mail

TSR Capital claiming RM35m from YTL-linked firm over contract termination
TSR Capital Bhd is claiming RM35 million from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (SPYTL) over the termination of the sub-contract work for the Electrified Double Track project from Gemas to Johor Baru.
— The Sun Daily

Ex-Treasury office secretary faces corruption, cheating charges
A former secretary at the Finance Ministry’s Treasury deputy secretary-general (Investment)’s office was today charged with three counts of corruption and two alternative charges of cheating, involving purchase of a government property in Hong Kong last year.
— The Sun Daily

Bounty on elephant poachers rises to RM30,000 as UK group pitches in
A United Kingdom-based orangutan conservation group has pledged an additional RM10,000 to the reward offered for information leading to the capture of poachers behind the brutal killing of a juvenile elephant recently.
— Malay Mail

Motorist in KL Marathon hit-and-run case detained, tests positive for drugs
A motorist who crashed into participants of the Kuala Lumpur Standard Chartered Marathon 2019 on Sunday morning, leaving two runners seriously injured was arrested by police about 12 hours later.
— The Sun Daily

Kinsteel granted more time to submit regularisation plan
Kinsteel Bhd has been granted an extension until Dec 31, 2019 by Bursa Malaysia to submit a regularisation plan in order to lift its Practice Note 17 (PN17) status.
— The Sun Daily

Feature photo Iskandhar School

This week’s Malaysia morning news feature photo focuses on World Teachers’ Day, October 5.

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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