Malaysia Morning News for July 6



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Estimated Reading Time: 5 minutes | Malaysia investigates the link of China-backed project with 1MDB
Malaysia is studying whether part of a loan from a Chinese public bank for projects of a value of 2.3 billion US dollars ($ 3.1 billion) was used to help repay the contributions of 1Malaysia Berhad (1MDB), a Finance Ministry official told Reuters
– The New Paper

Interview: Tun Dr. Mahathir Mohamad on New Malaysia and Rule of Law
Investvine met with the new Malaysian Prime Minister and the elected Prime Minister, Tun Dr. Mahthir, to discuss the new Malaysia, the Sabah and Sarawak autonomy, investments, infrastructure and other news items
– Investvine MACC denies freezing the bank account of Najib's grandson
The Deputy Chief Commissioner of the Anti-Corruption Commission Alaskan (MACC) Datuk Seri Azam Baki refused to freeze the bank account of Datuk Seri's grandson Najib Razak. 07] – New Straits Times

The Malaysian Investment Development Authority will hold major discussions on green technologies
In order to increase investment in green technology, the Malaysian Authority Investment Development (MIDA) will hold briefings on investment opportunities.
– Channel Asia

Digital Coin Offers Should Only be For Informed Investors
Original Coins Offering (ICO) should only be offered to investors who are knowledgeable about the initial stage, according to Project Manager for the regulatory report of the Malaysian Blockchain Husna Zakaria
– The Sun Daily

Johor looks at the RM1bil investments of the Chinese company
The Johor State Government is discussing with a company from China. his plans to invest more than RM1 billion to install a tire manufacturing plant in the state.
– The Star Online

Maybank-CGC to provide up to RM2b finan Malay Bhd Banks (Maybank) and Credit Guarantee Corporation Malaysia Bhd (CGC) have partnered to provide up to 2 billion Small and Medium-sized Enterprise (SME) financing RMs through the GSC Portfolio Guarantee Program (PG). 19659007] – New Straits Times

May Malaysia exports and imports lower than forecast
Malaysia's exports for May 2018 rose 3.4% year-on-year to 82.1 billion baht, supported by increased exports of liquefied natural gas) crude oil and electrical and electronic (E & E).
– Malaysian businessman Jho Low escaped to Macau

Police confirmed that Low Taek Jhow businessman or better known as the Jho Low's name, The list of wanted persons during the investigation 1Malaysia Development Berhad (1MDB) escaped to Macau
– Channel NewsAsia

Sale of Malaysian shares has investors sniffing bargains
Nikko Asset Management is looking for bargains
– The Star Online

Malaysia should focus more on LGBT issues and not on wives: Kelantan official
The Government Malaysian should focus more on LGBT, gay, bisexual and transgender – issues instead of on the recent controversy where an 11-year-old girl was married to a 41-year-old man, said a state official of Kelantan, Wednesday, July 4th.
– The Straits Times

The links between the Vietnamese-Malaysian navy and the bilateral visit
The two countries continue their efforts to deepen the defense ties over a significant year
– The Diplomat (paywall)

According to the result of the East Coast Rail Link (ECRL) mega-infrastructure project, HSS Engineers Bhd (HEB) is likely to be suspended or canceled for a value of RM 130 million. [19659007] – The Borneo Post [19659008] Increasing Digitization Increases Fears of Job Loss
At least two out of five Malaysian employees (43%) believe that their jobs are threatened by a growing digital economy, according to Workday, a cloud applications company for finance and human resources.
– The Sun Daily

Bank Negara, SC, urged to classify cryptocurrencies to clarify the market
Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) are invited to According to the Malaysian Blockchain Regulatory Report
the Daily Sun

releases air on RM1bil unsold units
IJM Land Bhd has unsold properties totaling about RM1bil throughout the year. the country, but this figure includes bumiputra units that can be released on the open market only after obtaining government approval.
– The Star Online

Osram Launches Gh-End LED Technology in Malaysia
Osram Opto Semiconductors (M) Sdn Bhd Light Emitting Diode (LED) Company is Seeking to Engage in LED Technology Advanced lighting in Malaysia, especially for automotive applications.
– The Sun Daily

SC seeks applications for registration as a P2P financing operator ECF
The Securities Commission Malaysia (SC) has invited interested parties to operate crowdfunding (ECF) or peer-to-peer
– New Straits Times

Vietnam investigates the detention of 41 Vietnamese by Malaysia for illegal immigration
Vietnamese nationals are among the 1,200 people detained during of a crackdown on the Malaysian immigration authorities.
– VnExpress

Vertice, Smuzcity Explores Intelligent Hotel Business Opportunities
Vertice Bhd's (Formerly See Holdings Bhd) One-Hundred-Percent Subsidiary Vertice Construction Sdn Bhd has entered into a protocol of Agreement with Smuzcity Bhd (SCB) to collaborate on qualified real estate property opportunities to be considered for a structured and intelligent hotel chain.
– The Sun Daily

Tealive's Loob files appealed to the Fed, overturning Chatime La Kaffa's decision
Loob Holding Sdn Bhd, owner of the Tealive bubble tea brand, appealed before the Federal Court to overturn Chatime's decision. Kaffa International Co Ltd.
– New Straits Times

Foreign funds are expected to return to Q4, according to Rakuten Trade
Rakuten Trade, which expects volatility to prevail in the local stock market for the time being , believes that foreign funds are likely to return in the fourth quarter in the context of Malaysia's position as a safe haven in the region and the weakness of the United States, said Kenny Yee, director of research.
– MR Daily Theme

MR DIY Extends Physical Presence to Online Platform
MR DIY, Malaysia's Largest Home Improvement Retailer with More than 550 Stores in Asia-Pacific, Launched his eagerly awaited e-commerce platform mrdiy.com.my at the InterContinental Hotel in Kuala Lumpur
– The Borneo Post

Michael Coghlan

Find our morning news pictures in the l '# 39; AEC News Today's Morning News Feature Photo Gallery where you'll find finding a pictorial display of daily life in the Asean Economic Community (AEC)

Malaysia Morning News by AEC News Today is your single source for news from Malaysia on governance issues and policies affecting asean business communities. It is published by M-F by AEC News Today: Governance, Not Government; political and not political.


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Sreypov Men is currently a senior student at the Institute of Foreign Languages ​​where she specializes in international relations.

She started as a trainee and was appointed Intern Writer / Journalist April 2, 2018

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