Malaysia Morning News For September 26

Malaysia among biggest Asean winners if trade war continues
ASIAN Development Bank (ADB) has forecast that Malaysia, Vietnam and Thailand will become the biggest beneficiaries among Asean nations in the event of a prolonged US-China trade war.
— The Malaysian Insight

Malaysia’s economy to expand in Nov 2019-Jan 2020
Malaysia’s economy is expected to enter an expansionary phase in November 2019 to January 2020.
— The Sun Daily

Proposal to create data bank needs comprehensive study: NRD
The National Registration Department (NRD) will be studying an implementation mechanism proposal to set up a data bank of deoxyribonucleic acid (DNA) which would be recorded in the birth certificate.
— The Sun Daily

Local firm claims Maldives turning back on RM514m construction project after change of govt
A Malaysian property developer has filed for arbitration against the Republic of Maldives over an alleged breach of contract, amounting to nearly US$30 million (RM124 million) of arrears for a project in the Hulhumalé.
— Malay Mail

Greenpeace claims Malaysia’s Genting among palm oil groups with most burnt land in Indonesia but firm disputes findings
Malaysian conglomerate Genting Group is among the top 10 groups listed as having the largest areas of burnt land in Indonesia between 2015 and 2018, the republic’s chapter of environmental group Greenpeace has claimed.
— Malay Mail

EPF’s i-Invest sees RM32m transactions within a month of launch
The Employees Provident Fund’s (EPF) digital investment platform, i-Invest, has received encouraging support, with nearly 2,500 members transacting a total value of RM32 million within a month of the launch of its beta version on Aug 19.
— The Sun Daily

Companies responsible for haze to be penalised when entering Malaysia: Finance Minister
Companies found to be responsible for haze in the region may be penalised upon entering the Malaysian market, Finance Minister Lim Guan Eng said on Tuesday (Sep 24), as the monsoon transition provided a respite from the choking haze.
— CNA

Malaysia Airlines supports repatriation of Thomas Cook passengers
Malaysia Airlines yesterday said that it is supporting the repatriation of passengers from Spain to the UK after Thomas Cook ceased its operations Monday.
— The Borneo Post

Proposal for micro-credit financing to be tabled at Cabinet meeting — Naroden
The Ministry of International Trade and Industry, Industrial Terminal and Entrepreneur Development will be presenting to the state Cabinet for approval a proposed micro-credit financing system to ease financial constraints of fledgling contractors and entrepreneurs in the state.
— The Borneo Post

Pos Malaysia to minimise potential rates hike with looming US pull out of postal union
As the United States (US) mulls pulling out of the Universal Postal Union (UPU), Pos Malaysia says that it will minimise the impact of potentially increased costs to local customers.
— The Star Online

PTPTN collects RM1.3m in repayment so far this year
The amount of loan repayments received by the National Higher Education Fund Corporation (PTPTN) so far this year was RM1.3 million, said its chairman Wan Saiful Wan Jan.
— The Sun Daily

Make Sarawak’s native partners in state development, says expert | R.AGE Newsflash
Sarawak’s land disputes and territory encroachment issues can be reduced by including natives in conversations on development, said Suhakam Commissioner Jerald Joseph.
— The Star Online

Malaysian environment minister brushes off calls for resignation amid alleged conflict of interest in handling haze issue
Malaysia’s Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin on Tuesday (Sep 24) brushed off calls for her resignation, as the opposition pointed to potential conflict of interest in her handling of the regional haze issue.
— CNA

Malaysia’s Aug CPI up 1.5%
Malaysia’s Consumer Price Index (CPI) rose by 1.5% in August this year compared to the same month of the previous year.
— The Sun Daily

Congestion on KL-Seremban highway following accident between lorry and four vehicles
Traffic flow on the Kuala Lumpur-Seremban highway heading for the federal capital was congested causing a jam of more than five kilometres following an accident involving a lorry and four cars today.
— The Sun Daily

Low-income earners should not all be grouped in B40 category: Anwar
The government should consider suggestions to redefine national poverty levels and income brackets to address the problem effectively, said Datuk Seri Anwar Ibrahim (pix).
— The Sun Daily

Bursa Malaysia opens marginally lower on subdued demand
Bursa Malaysia opened marginally lower today on subdued demand with investors remaining tepid on the volatile global outlook.
— The Sun Daily

MISC to rake in RM842m from two new LNG vessels
MISC Bhd has signed an agreement with Mitsubishi Corp and Nippon Yusen Kabushiki Kaisha to co-own two new liquefied natural gas (LNG) vessels, with a capacity of 174,000 cubic metres each.
— The Sun Daily

Azmin to present Malaysia’s economic direction at UNGA
Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pix) will present Malaysia’s economic direction and long-term development strategy on the international stage at an upcoming session of the United Nations General Assembly (UNGA).
— The Sun Daily

28 roads to be closed for Standard Chartered KL Marathon 2019
A total 28 roads in the federal capital will be closed in stages for the Standard Chartered KL Marathon 2019 this Saturday and Sunday.
— The Sun Daily

PM: Malaysia to stay friendly with China despite territorial dispute
Malaysia will continue to foster good relations with China despite the superpower’s claim to the South China Sea, the prime minister said.
— Malay Mail

Celcom partners CyberSecurity Malaysia for digital security
Celcom Axiata Bhd has entered into a memorandum of understanding (MoU) with CyberSecurity Malaysia to collaborate on a strategic partnership to explore and enhance cyber security capabilities and opportunities for various industry verticals.
— The Sun Daily

NRD says late birth registrations still available in Sarawak, only approval shifted to Putrajaya
Sarawakians need not travel to Putrajaya to belatedly register the birth of their children, the National Registration Department clarified today.
— Malay Mail

IGP says Jho Low’s whereabouts known, aims to bring him in by end of year
Malaysian police said today they know the location of fugitive financier Low Taek Jho and hope to bring him back by the end of the year to help in investigations into a multi-billion dollar scandal at state fund 1MDB.
— Malay Mail

Najib protected himself from 1MDB misappropriation: Witness
Former 1Malaysia Development Berhad (1MDB) CEO exposed to the High Court here today that Datuk Seri Najib Abdul Razak (pix) deliberately issued the minutes of the shareholders’ meeting to protect himself from allegations of 1MDB misappropriation.
— The Sun Daily

MTAG opens strong on Bursa debut
MTAG Group Bhd opened strong for its first day of trading at 70 sen, a 32.1% premium from its offer price of 53 sen per share.
— The Sun Daily

Don’t pressure Home Ministry on automatic citizenship, PAS tells DAP
The DAP should not interfere with the citizenship process under the purview of the Home Ministry, PAS said today.
— Malay Mail

Call for law to protect aged population
Apart from legislation to protect senior citizens from neglect and abuse, there should be a comprehensive policy to safeguard their health and well-being.
— The Sun Daily

SC registers EdgeProp as first property crowdfunding operator
The Securities Commission Malaysia (SC) has registered EdgeProp Sdn Bhd as the first recognised market operator to establish and operate a property crowdfunding (PCF) platform in Malaysia.
— The Sun Daily

MyCC steps up anti-monopoly probe on Grab
The Malaysian Competition Commission is pushing ahead with its investigation against Grab Holdings Inc over possible monopolistic practices following its acquisition of rival firm Uber Technologies’ networks in the.
— Malay Mail

State funding to fully devt Marudi Industrial Estate
The Marudi Industrial Estate will be fully developed through funding by the Ministry of International Trade and Industry, Industrial Terminal and Entrepreneur Development.
— The Borneo Post

George Kent Q2 net profit falls, proposes 1.5 sen dividend
George Kent (Malaysia) Bhd’s net profit slumped 55% to RM11.05 million for the second quarter ended July 31, 2019 from RM24.58 million in the same quarter of the previous year, due to lower contribution from the engineering division.
— The Sun Daily

Penang High Court defers decision on Iranians accused of drug trafficking to Oct 2
The High Court here today postponed to October 2 to deliver its decision on a drug trafficking case involving two Iranian men and two locals following an application by their lawyers.
— Malay Mail

RM300k worth of drugs and vehicles seized in Johor raid
Police seized drugs and vehicles worth more than RM300,000 in a raid of a house in Taman Kota Impian 2, Yong Peng, Batu Pahat.
— The Star Online

Takeover of TIA by 1MDB to hide misappropriation of RM5b: Witness
The High Court here was told today that the takeover of the Terengganu Investment Authority Berhad (TIA) by 1Malaysia Development Berhad (1MDB) was to hide Datuk Seri Najib Abdul Razak’s misappropriation in the Islamic Medium Term Notes (IMTN) bond of RM5 billion applied for by TIA.
— The Sun Daily

Group of 16 Sikh bikers on charity ride to raise funds for cancer society
A group of 16 Sikh bikers from the Santana Riderz Malaysia Club today began their charity ride expedition which will cover four countries to raise awareness and funds for the National Cancer Society of Malaysia (NSCM).
— The Sun Daily

Rehda urges govt to review charges, requirements to save cost
The Real Estate & Housing Developers’ Association (Rehda) hopes the government will lower or abolish unnecessary charges and requirements imposed on developers to reduce the cost of doing business.
— The Sun Daily

Mawan: Teaching of Science and Maths in English first move for S’wak to have own education policy
Sarawak Dayak National Union (SDNU) president Tan Sri William Mawan Ikom sees Sarawak taking on teaching of Science and Mathematics in English starting with Primary One pupils next year as the state government’s first move of having its own education policy.
— The Borneo Post

Compounds of over RM23,000 issued to errant smokers in Penang
The Penang Health Department issued compounds totalling RM23,650 to 97 smokers, who included 11 foreigners and three underage smokers, during an anti-smoking operation yesterday.
— The Sun Daily

Malaysia’s environment minister ignores calls to resign
Malaysia’s environment minister Yeo Bee Yin has brushed aside calls for her to resign over a supposed conflict of interest in handling the transboundary haze issue.
— The Straits Times

Malaysian leader defends his remarks against Jews during Columbia University speech
The prime minister of Malaysia defended his past anti-Semitic statements and questioned the number of Jews killed during the Holocaust in a speech at Columbia University.
— Sun-sentinel

Malaysia Tells Banks to Report Exposure to Climate Change Risk
Bank Negara Malaysia will start requiring financial institutions to report their exposures to climate risk as global economic losses related to natural disasters reach an annual $160 billion.
— Yahoo News

Ringgit defensive ahead of inflation data, FTSE Russell’s decision
The ringgit continued to trend lower against the US dollar on Tuesday pending the release of Malaysia’s inflation data tomorrow and FTSE Russell’s decision to review the Malaysian government bonds’ participation in the World Government Bond Index (WGBI).
— The Sun Daily

PH has hard decision to make on fielding MCA or Umno candidate: Analysts
With the Tanjung Piai parliamentary seat in Johor falling vacant following the death of its incumbent Datuk Dr Md Farid Md Rafik, a huge dilemma now faces the Opposition.
— The Sun Daily

Malaysian students to be evacuated from Pekanbaru, Jambi today
Malaysian students in Pekanbaru and Jambi, are scheduled to be evacuated out of the province today.
— The Borneo Post

Feature photo iMoeny.my

This week’s Malaysia morning news feature photo focuses on World Tourism Day, September 27.

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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