Malaysia Morning News for the 17th of July



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Estimated Reading Time: 5 minutes |

  Malaysia morning news Malaysian opposition MPs mark the start of the first parliament
Malaysia's first parliament since the May 9 legislative elections was tainted by a mass strike by MPs from the opposition who protested against the appointment of the president. Malaysia: new government sworn in after 61 years
Almost half of parliament members are new faces, including Prime Minister Mahathir Mohamad, whose surprise campaign toppled his predecessor.

Malaysia's "durian journeys" continue to increase
The Kwong Wah Yit Poh of Malaysia reported on July 10 that the Deputy Secretary-General of the Malaysian Department of Agriculture and Food Agri-Food Industry pointed out in June that the governments of Malaysia and China had successfully completed negotiations on the issue of exporting entire durians from Malaysia to China.
Plaza

Najib withdraws lawsuit against Malaysian Attorney General, investigators of 1MDB
Former Malaysian Prime Minister Najib Razak withdrew his legal proceedings Monday, July 16 against three senior officials investigating the scandal 1Malaysia Development Berhad (1MDB).
– Channel NewsAsia

Sales, service tax at 10pc, 6pc respectively: Guan Eng
The Sales Tax and Service Tax (SST) rate is set at 10% for sales and 6% for services Guan Eng
– New Straits Times

Malaysia and Singapore to discuss LGV in late July: Azmin Ali
Malaysia to send official representative to Singapore to discuss Kuala Lumpur high-speed train -Singapore (HSR) by the end of the month, said Malaysian Minister of Economic Affairs Mohamed Azmin Ali, Monday, July 16.
– Channal NewsAsia

Duterte, Mahathir reaffirms PH-Malaysia relations
President Rodrigo Duterte and Ma Mauritian Prime Minister Mahathir Mohamad met Monday at the Federal Administrative Center in Putrajaya, Malaysia, to reaffirm the relations between the two countries of Southeast Asia
– ABS-CBN

The business community hopes that the new government under Pakatan Harapan will accelerate the revival of negotiations of the 39 Free Trade Agreement (FTA)
– New Straits Times

Affin Hwang First Bank Provider, User Under ISSBNT
Hwang Affin Investment Bank Bhd is the first bank to have been licensed as a provider and ISSBNT (Islamic Securities Selling and Buying Negotiated Transaction) user model
– New Straits Times

Zero GST in Malaysia: More than a month are the winners and the losers?
It has been more than a month since the new Malaysian government reduced the Goods and Services Tax (GST) rate to zero
– Today Online

RAM forecasts inflation of 1 , 9% [19659006RAMRatingsprovidesmostbreadcreasefromMalaisieatteindra19%with18%inmeasurethisofthefatchainsofthefarmfurniturecompensatingwiththelainpositiveimpactoftheproductsandproducts(TPS)
Petronas Vice President, Tan Sri Mohd Sidek Hassan, resigned as Chairman of KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT) Management Company, KLCC REIT Management Sdn Bhd.
– New Straits Times

OCBC Named Bank of the Year of SMEs in Malaysia
OCBC Bank (Malaysia) Bhd (OCBC Bank) the Year by Asian Banking & Finance to Respond to to the needs of small and medium enterprises in a holistic way, especially in the digital space
– The Borneo Post

Melaka Gateway Developer to Update Stakeholders
Melaka Gateway Dealer, KAJ Development Sdn Bhd (KAJD) calls for a meeting with key stakeholders such as the Ministry of Transport and Port Authority Port Klang Authority to present the latest project updates
– The Sun Daily

According to CTOS Data Systems Sdn Bhd (CTOS), the largest credit reporting agency in Malaysia, it is important that companies offering credit evolve to maintain and increase their market share.
– The Borneo Post

Petrobras Supplier Awards
Sapura Energy Bhd has won two awards at the Petróleo Brasileiro SA, the 2017 Best Supplier Recognition Award from the Brazilian Petroleum Company Petróleo Brasileiro SA Rio de Janeiro recently
– New Straits Times

Optimistic for the IHH after the purchase of Fortis
Analysts welcome the long-awaited decision of IHH Healthcare Bhd (IHH) for the subscription of 235.3 million new Fortis Healthcare Ltd (Fortis) preferred shares representing 31.1 percent of the total share capital of Fortis.
– The Borneo

Nova MSC focus on the growth of e-government and smart health segments
Nova MSC Bhd, who recently proposed to divest the building automation business deficit of the company, will focus on its e-government and smart health segments in the future because it is confident of landing more contracts
. ] Tealive's business stays as usual

Loob Holding Sdn Bhd, owner of the Tealive bubble tea brand, said all Tealive stores would continue to operate normally
– The Star Online [19659008] DBE would supply poultry products to KFC DBE Gurney Resources DBE Poultry Sdn Bhd, a wholly owned subsidiary of Bhd, today signed an agreement with Ayamas Food Corp. Sdn Bhd to provide poultry products to all KFC restaurants in Perak from July 1, 2018 to June 30, 2019. [19659007Malaisier'sunemploymentbenefitsarestable

Malaysia's unemployment rate remained stable in May, according to Monday's Department of Statistics
– Market Insiders

. 19659006] Bursa Malaysia's net outflows continued to shrink for the third consecutive week, with the amount sold by global funds last week narrowing to 5331.8 million RMB
– The Sun Daily

Pablo Cheese Tarts
Just a few days ago we had confirmation that Pablo's first (and last store) in KL was definitely closed.
– AsiaOne

Salcon obtains a rainwater pumping station in Sri La nka
Salcon Bhd wins a contract of $ 6.8 million (27.7 million rand) and 1.718 billion rupees (43.6 million rand) of rainwater pumping stations in Sri Lanka.
– The Sun Daily

Featured Photo Andrew H

See our morning news photos in the AEC News Today Morning News photo gallery where you'll find an illustrated representation of daily life in the Economic Community of Asean (AEC). Morning News by AEC News Today is your one-stop source for Malaysia news on governance issues and policies affecting Asean business communities. It is published by M-F by AEC News Today: Governance, Not Government; policies and not politics.


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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 Junior Writer / Trainee Journalist on April 2, 2018

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