The Malaysian Pulse
Beat of the Nation
Thu, 17 Oct 2019, 8:44 PM
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Topic: 2016

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Futures rise on Brexit deal; Netflix, Morgan Stanley earnings adds to cheer
NEW YORK, Oct 17 — Wall Street was set for a higher open today, after Britain struck a preliminary last-minute deal with the European Union helping to ease some geopolitical jitters, while upbeat ea...
Channel NewsAsia:
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Malaysia's flying car prototype to be launched by end 2019: Entrepreneur Development Minister
KUALA LUMPUR: Malaysia could see its flying car take off by the end of the year, said Entrepreneur Development Minister Mohd Redzuan Md Yusof on Thursday (Oct 17) in parliament.
The Edge Markets:
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MED discusses direction of air mobility industry with CAAM, JUPEM and MCMC
KUALA LUMPUR (Oct 17): The Entrepreneur Development Ministry (MED) has held talks with the Civil Aviation Authority (CAAM), Department of Survey and Mapping Malaysia (JUPEM) and Malaysian Communicatio...
Tech in Asia:
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Indian security startup MyGate bags $56m from Tencent, Tiger Global, others
India-based startup MyGate has raised US$56 million in a series B round from Tencent Holdings, JS Capital, and Tiger Global Management.
The Borneo Post:
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Over 80,000 Malaysians declared bankrupt from 2015 until August this year
A total of 18,457 bankrupt cases were recorded in 2015, while 19,588 cases in 2016.
Malay Mail:
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Govt to cater to e-commerce boom in national transportation plan
KUALA LUMPUR, Oct 17 — The planning of the country’s transportation framework must take into account commercial traffic growth which is booming owing to increasing public appetite for e-commerce, ...
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Cover Story: Righting the LTAT ship
AS Lembaga Tabung Angkatan Tentera (LTAT) declared the lowest dividend in its 46-year history, it was a nightmare for its chief executive Nik Amlizan Mohamed, who joined the pension fund in October 20...
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Floods in Kelantan, Terengganu, northern Peninsular Malaysia expected in November: Disaster agency
KUALA LUMPUR: Floods are expected in Kelantan, Terengganu and northern Peninsula Malaysia next month, said the National Disaster Management Agency (NADMA) on Wednesday (Oct 16).
The Star:
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Over 80,000 Malaysians declared bankrupt since 2015
KUALA LUMPUR: A total of 80,625 Malaysians have been declared bankrupt from 2015 until August this year, the Dewan Rakyat was told.
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Bankruptcies' rate drops to 300,908 as at August, law minister says
KUALA LUMPUR (Oct 17): Malaysia saw 2,507 bankruptcy cases discharged from the Malaysia Department of Insolvency (MDI) in the first eighth months of this year (8M2019), according to Minister in Prime ...
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Singapore’s Insignia Ventures Partners closes second fund with $200m
Singapore-based Insignia Ventures Partners has closed its second fund, drawing in US$200 million from premier institutional investors such as sovereign wealth funds, university endowments, foundations...
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Fomca rejects lower threshold for foreign property buyers
PETALING JAYA: Consumer rights umbrella body Fomca is the latest to join the chorus of criticism at Putrajaya over the recent decision to lower the threshold for foreigners to buy urban properties to ...
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International Sukuk Issuance volumes expected to grow in coming years - Fitch
KUALA LUMPUR (Oct 17): International sukuk issuance from major Islamic finance markets were almost unchanged in the first nine months of 2019 year-on-year (y-o-y), Fitch Ratings said.
Free Malaysia Today:
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Putrajaya braces for floods, freezes leave for agencies
KUALA LUMPUR: The National Disaster Management Agency (Nadma) is bracing itself for floods in Kelantan, Terengganu and the northern part of the peninsula next month.
The Star:
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APM ready for monsoon season
GEORGE TOWN: While the west coast of the peninsula is experiencing the inter-monsoon season with rain or thunderstorm in the late afternoons, the east coast...
The Star:
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Court upholds death sentence of Najadi’s killer
PUTRAJAYA: The Court of Appeal here has upheld the death sentence of tow truck driver Koong Swee Kwan for murdering Arab-Malay­sian Bank (AmBank) founder...
The Star:
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Wall Street slips as weak economic data offsets earnings strength
NEW YORK:  Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market...
Malay Mail:
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US Fed: Firms say near-term outlook dimming amid slow growth
WASHINGTON, Oct 17 — Less than stellar US growth in recent weeks has caused many businesses to lower their outlooks and they now expect the economy to weaken, the Federal Reserve said yesterday.
Digital News Asia:
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MyCash partners Bangladeshi bank to bring financial inclusion to migrants
SINGAPORE-based MyCash Online (SG) Pte Ltd and The Premier Bank Ltd , a private bank in Bangladesh, signed a Memorandum of Understanding (MoU) for fintech collaboration to strengthen financial inclusi...
BBC:
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Paedophile Huckle 'strangled and stabbed'
Paedophile Richard Huckle died after being strangled and stabbed with a makeshift weapon that may have been fashioned from a toothbrush, sources have told the BBC.
The Borneo Post:
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Former lecturer acquitted, released from all eight charges
Mikail (right) speaks to his lawyer Shankar Ram.
The Borneo Post:
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It’s still gallows for tow truck driver convicted for murdering Najadi
PUTRAJAYA: The Court of Appeal here yesterday upheld the death sentence on a tow truck driver Koong Swee Kwan for murdering Arab-Malaysian Bank (AmBank) founder Hussain Ahmad Najadi.
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It’s still gallows for man convicted for murdering AmBank founder
PUTRAJAYA: The Court of Appeal today upheld the death sentence on tow truck driver Koong Swee Kwan for murdering Arab-Malaysian Bank (AmBank) founder Hussain Ahmad Najadi.
Malay Mail:
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UAE to launch new low-cost airline
SHARJAH, Oct 16 — Abu Dhabi’s giant Etihad Airways and Sharjah’s low-cost carrier Air Arabia announced today an agreement to launch a new low-cost airline based in the United Arab Emirates capit...
theSun:
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Court of Appeal upholds conviction on driver for Najadi murder
PUTRAJAYA: The Court of Appeal here today upheld the death sentence on a tow truck driver Koong Swee Kwan (pix) for murdering Arab-Malaysian Bank (AmBank) founder Hussain Ahmad Najadi.
e27:
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Also, Hong Kong-based on-demand space booking platform BOOQED raises US$1.68M in seed funding, and AI-powered customer lifecycle platform CleverTap completes US$35M in Series C funding
Crimson Education raises US$20M Series C funding to fuel expansion [Press Release] Crimson Education, a global edtech startup that offers personalised courses to help students get a spot in coveted u...
The Star:
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PKR’s Wong Chen takes a Pakatan leader to task for ‘rewriting history’
KUALA LUMPUR: PKR’s Wong Chen took the floor at the Dewan Rakyat to slam an unnamed leader in Pakatan Harapan for allegedly rewriting history.
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PKR man tells how his proposal for 3% GST rejected by a ‘PH leader’
KUALA LUMPUR: PKR’s Wong Chen today revealed that he was instructed to amend a proposal to halve the goods and services tax (GST) from 6% to 3% to 0% – in Pakatan Harapan’s shadow budget three y...
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It's still gallows for tow truck driver convicted for murdering Najadi
PUTRAJAYA (Bernama): The Court of Appeal here on Wednesday (Oct 16), upheld the death sentence on tow truck driver Koong Swee Kwan for murdering...
The Edge Markets:
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1MDB audit report tampering: Prosecution to prepare over 40 witness statements
KUALA LUMPUR (Oct 16): The prosecution team in the 1MDB audit report tampering trial involving Datuk Seri Najib Razak and former 1MDB chief executive officer Arul Kanda Kandasamy is preparing over 40 ...
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1MDB audit report tampering: Prosecution to prepare over 40 witness statements
KUALA LUMPUR (Oct 16): The prosecution team in the 1MDB audit report tampering trial involving Datuk Seri Najib Abdul Razak and former 1MDB chief executive officer Arul Kanda Kandasamy is preparing ov...
Vulcan Post:
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6 Differences Between Grab And The New Ryde App In Malaysia
Ryde is a Singaporean startup that provides carpooling (RydePOOL), taxi (in partnership with Trans-Cab) and private-hire car (RydeX) services.
Tech in Asia:
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Techstars alumni Booqed raises $1.7m from Colliers, others
Hong Kong-based startup Booqed has raised US$1.68 million in seed funding from Colliers, Techstars, and Lazard Korea to drive its product rollout, marketing, and hiring.
Tech in Asia:
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Ex-Lazada exec gets $33m funding for healthcare startup Alodokter
Indonesia-based healthcare startup Alodokter today announced its biggest ever investment – US$33 million, more than double the total it previously raised since launching in 2014.
The Star:
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Foreigners committed over 42,000 crimes in Malaysia since 2016, says Home Ministry
KUALA LUMPUR: Police have recorded a total of 42,451 criminal cases involving foreigners between 2016 and August this year, says the Home Ministry.
Malay Mail:
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Muhyiddin: Task force on enforced disappearance still investigating
PUTRAJAYA, Oct 16 ― The government is awaiting the findings of the special task force announced in June to investigate the enforced disappearance of Pastor Raymond Koh and activist Amri Che Mat, sai...
The Star:
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Rock guitarist dies in car crash in Sarawak
SIBU: A guitarist of an Iban rock band, Tamang Raja, Febrenus Harry Usup, 36, died in a car accident in Jalan Poi-Majau, Kanowit, on Tuesday (Oct 15) night.
AsiaOne:
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Perak man infected with Zika
PUTRAJAYA - A man in Perak has been infected with Zika, a viral disease transmitted by the Aedes mosquito.
Tech in Asia:
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Ex-Lazada exec gets $33m funding for healthcare startup Alodokter
Indonesia-based healthcare startup Alodokter today announced its biggest ever investment – US$33 million, more than double the total it previously raised since launching in 2014.
The Star:
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On a mission to clean up Sg Klang
KLANG: It was while strolling along the banks of Sungai Klang one evening that Jordan K. L. Ng was motivated by his wife to start a river clean-up programme to pick up...
The Star:
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Perak man infected with Zika
PUTRAJAYA: A man in Perak has been infected with Zika, a viral disease transmitted by the Aedes mosquito. There has been no repor­ted case for two years.
theSun:
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Fire at shop house leads to discovery of drug lab, drugs worth RM1.65m seized
SHAH ALAM: Police arrested two men, including a drug processing expert, and seized drugs worth RM1.65 million following a fire at a shophouse in Jalan Meru, Klang near here last Friday.
The Star:
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Police discover drug lab while responding to fire
SHAH ALAM (Bernama): Police and firemen rushed to a shophouse after reports of a fire and discover it to be an illegal drug lab.
Malay Mail:
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Brexit to be delayed again, free trade deal will be struck, say economists
LONDON, Oct 15 — Britain’s October 31 departure from the European Union will be delayed, according to the vast majority of economists polled by Reuters who again said the two sides would eventuall...
theSun:
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Injunction set aside, Tony Pua to get damages in Najib’s suit
PUTRAJAYA: Damansara Member of Parliament, Tony Pua Kiam Wee will get damages over an injunction in a suit filed by Datuk Seri Najib Abdul Razak against him in relation to a video clip relating to the...
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Homes for families of armed forces in poor shape due to lack of funds, audit finds
KUALA LUMPUR (Oct 15): The National Audit Department said housing facilities for families of Armed Forces personnel (RKAT) are in poor shape due to insufficient financial allocations, inefficient fina...
Malay Mail:
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Listed as terrorists, Hadi denies Muslim scholars’ group similar to LTTE
KUALA LUMPUR, Oct 15 — Datuk Seri Abdul Hadi Awang insisted today that the International Union of Muslim Scholars (IUMS), of which he used to be a leader, is not a terrorist group unlike the now-def...
The Star:
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Bursa Securities reprimands five directors of Industronics
KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded and/or fined five directors of Industronics Bhd for breaching the Main Market Listing...
Malay Mail:
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Federal Court allows child of Malaysian father, Filipino mother to continue citizenship bid
KUALA LUMPUR, Oct 15 — A nine-year-old boy who was born to a Malaysian father and Filipino mother today secured another chance at the courts to continue his bid for Malaysian citizenship.
Malay Mail:
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UK hiring falls by most in over four years as Brexit nears
LONDON, Oct 15 — Britain’s jobs boom has weakened in the approach to Brexit with the number of people in work unexpectedly falling by the most in over four years and unemployment rising, official ...
Malay Mail:
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Finance Minister calls on corporate leaders to instill culture of integrity
KUALA LUMPUR, Oct 15 — Lim Guan Eng has called upon the nation’s corporate leaders and captains of industry to set a tone of anti-corruption and integrity at the top level to ensure good governanc...
Malay Mail:
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Wirecard shares plunge on new ‘Financial Times’ fraud allegations
FRANKFURT, Oct 15 — Shares in German payments processing firm Wirecard plunged today after the Financial Times published new documents alleging accounting irregularities.
SoyaCincau.com:
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Singaporean bus drivers’ jobs could soon be at risk, report suggests
Plans in Singapore to have autonomous/driverless buses on the road are underway, with the Land Transport Authority and Economic Development Board receiving responses from interest parties on collabora...
Tech in Asia:
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India’s digital payments space is getting more competitive with PhonePe spinoff
India’s digital payments segment is set to become ultra competitive with Walmart looking to raise stakes in the space.
Free Malaysia Today:
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Obamas coming to Malaysia for young leaders summit
PETALING JAYA: Former US president Barack Obama and his wife Michelle will be visiting Malaysia in December to speak at an inaugural gathering organised by the couple’s Obama Foundation.
Free Malaysia Today:
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Routine fire call leads to discovery of drugs lab in Klang
SHAH ALAM: A call from the public about a small explosion led police to the discovery of a drug lab at a shophouse in Klang on Friday.
The Edge Markets:
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Can Shamsul , Perdana Petroleum execs revive Daya?
LATE last month, ailing oil and gas outfit Daya Materials Bhd managed to obtain an extension — until Feb 27, 2020 — to submit a regularisation plan to Bursa Malaysia, which is likely to entail the...
Malay Mail:
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London retains global finance throne amid Brexit chaos
LONDON, Oct 15 — From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a US$1.2 billion bet that the British capital remains a master of the international financi...
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Health DG confirms Zika case in Perak
PUTRAJAYA: A man in Perak has been infected with the Zika virus, says Health director-general Datuk Dr Noor Hisham Abdullah.
Malay Mail:
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Mat Sabu says govt discussing plan to ‘improve’ Sosma, not its abolition
KUALA LUMPUR, Oct 15 ― The government does not need to do away with the controversial Security Offences (Special Measures) Act 2012 (Sosma), the defence minister said today amid calls for its abolit...
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Wearing tudung a must for Muslim women, but going without is fine too, survey shows
KUALA LUMPUR, Oct 15 ― Over 60 per cent of Malaysian Muslim women believe they can be good adherents of the faith without covering their heads.
e27:
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India’s cryptocurrency effort is catching up with the rest of the world and the country could be the host of the world's biggest blockchain by 2020
Even though India has been driving technological innovation for many years, they have somehow ended up far behind when it comes to blockchain technology.
The Star:
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Singapore central bank may know something we don’t
Singapore offers a small ray of light in a faltering global economy.
theSun:
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British paedophile who operated in Malaysia, Cambodia found dead in prison
LONDON: One of Britain’s most prolific child sex offenders, Richard Huckle, has died three years into a life sentence for abusing Malaysian and Cambodian children, Britain’s Ministry of Justice sa...
Malay Mail:
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Unicef: One in three children malnourished across the world
KUALA LUMPUR, Oct 15 —  At least one in three children under the age of five is either undernourished or overweight while one in two children suffer from hidden hunger, latest Unicef’s State of t...
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Ku Nan to enter defence in bribery case
KUALA LUMPUR: Datuk Seri Tengku Adnan Tengku Mansor is to enter his defence for allegedly receiving a RM2mil bribe from a businessman in 2016, the High...
Malay Mail:
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US stocks pause on unsettled trade deal; earnings eyed
NEW YORK, Oct 15 — Wall Street edged lower yesterday as uncertainties following recent US-China trade negotiations clouded sentiment and investors turned their focus on the third-quarter earnings se...
The Straits Times:
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World Briefs: Long prison terms for Catalan separatists
MADRID/BARCELONA • Catalan separatists who tried to break away from Spain in 2017 were handed long prison sentences by the Supreme Court in Madrid yesterday in an unprecedented ruling that marks a w...
Digital News Asia:
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Dell Technologies introduces new EMC PowerProtect DD Series Appliances
BUSINESSES moving to the cloud are an inevitability.
Malay Mail:
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Homes for families of armed forces in poor shape due to lack of funds, audit finds
KUALA LUMPUR, Oct 14 — Housing facilities for families of Armed Forces personnel (RKAT) are in poor shape due to insufficient financial allocations and inconsistent monitoring, as stated by the Nati...
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Enforcement on vaping ban still under study, Dewan Rakyat told
KUALA LUMPUR (Oct 14): Enforcement on the ban on sale of electronic cigarettes (E-cigarettes) or vape that use liquid solutions (e-liquid) without nicotine is still under discussion, the Dewan Rakyat ...
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Paedophile Richard Huckle stabbed to death in jail
A British man jailed for numerous sex crimes against Malaysian children has been found stabbed to death in prison.
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Total ban on vape under study, says Putrajaya
KUALA LUMPUR: The government is still discussing a possible ban on sale of e-cigarettes or vape that use liquid solutions (e-liquid) without nicotine, the Dewan Rakyat was told today.
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A-G's Report 2018: Federal Govt revenue amounted to almost RM233bil last year
KUALA LUMPUR (Bernama): The Federal Government's revenue in 2018 amounted to RM232.883bil with repayment as well as receivables totalling RM788bil.
theSun:
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Tengku Adnan to answer his RM2m bribery charge on Jan 10
KUALA LUMPUR: The High Court here today has fixed four days beginning Jan 10, next year for former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor (pix) to enter his defence on the ...
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Carlsberg Malaysia appoints Stefano Clini as new MD
KUALA LUMPUR (Oct 14): Carlsberg Brewery Malaysia Bhd has appointed Stefano Clini as its managing director, effective Oct 26.
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South Korean blockchain startup Iconloop raises $8.3m in series A funding
South Korean blockchain company Iconloop has raised US$8.3 million in a series A funding round led by Korea Technology Finance Corporation, its first venture capital investment since its formation in ...
AsiaOne:
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KL High Court orders former Umno minister to enter defence on $655,000 bribe charge
KUALA LUMPUR - The Kuala Lumpur High Court has ordered former Umno minister Tengku Adnan Tengku Mansor to enter his defence on a charge of accepting a RM2 million (S$655,000) bribe from a businessman ...
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Carlsberg Malaysia appoints Stefano Clini as new managing director
KUALA LUMPUR, Oct 14 — Carlsberg Brewery Malaysia Berhad has appointed a new managing director Stefano Clini to replace Ted Akiskalos in managing its Malaysian and Singaporean operations.
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Court orders Ku Nan to enter defence on RM2mil bribe charge
The Kuala Lumpur High Court has ordered Datuk Seri Tengku Adnan Tengku Mansor to enter his defence on a charge of accepting a RM2mil bribe from a businessman in 2016.High Court judge Justice Mohamed Z...
The Borneo Post:
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Enforcement on vaping ban still under study, Dewan Rakyat told
Enforcement on the ban on sale of electronic cigarettes (E-cigarettes) or vape that use liquid solutions (e-liquid) without nicotine is still under discussion, the Dewan Rakyat was told today.
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Clini to head Carlsberg Malaysia as new MD
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd has appointed Stefano Clini as new managing director effective Oct 26,2019.
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Naza boss gets leave to cite Maria Chin for contempt
KUALA LUMPUR: The Shariah High Court here has allowed Naza Group chairman SM Faisal SM Nasimuddin to begin contempt proceedings against Petaling Jaya MP Maria Chin Abdullah over her criticism of the r...
The Straits Times:
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KL High Court orders former Umno minister to enter defence on RM2 million bribe charge
KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - The Kuala Lumpur High Court has ordered former Umno minister Tengku Adnan Tengku Mansor to enter his defence on a charge of accepting a RM2 million (S$655,0...
Malay Mail:
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Enforcement on vaping ban still under study, Dewan Rakyat told
KUALA LUMPUR, Oct 14 — Enforcement on the ban on sale of electronic cigarettes (e-cigarettes) or vape that uses liquid solutions (e-liquid) without nicotine is still under discussion, the Dewan Raky...
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Ku Nan ordered to enter defence in graft trial
KUALA LUMPUR (Oct 14): Former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor has today been ordered by the High Court here to enter his defence for his graft trial.
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More US women get tech jobs, but men still outpace them three-to-one
When Naomie Baptiste was a second-grader in Miami, her uncle, a retired Coca-Cola electrical engineer, played a mathematics game with her at the store.
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A new US gaming company wants to disrupt the industry
The man responsible for the insanely popular Halo franchise, which garnered US$3bil (RM12.57bil) in the span of its first three releases, is ready to talk about his...
theSun:
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High Court orders Tengku Adnan to enter defence on RM2m bribery case
KUALA LUMPUR: The High Court here today ordered former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor (pix) to enter his defence on the charge of accepting a bribe of RM2 million f...
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Ku Nan told to enter defence for getting RM2 million from businessman
KUALA LUMPUR: The High Court here has ordered former federal territories minister Tengku Adnan Tengku Mansor to enter his defence for the charge of corruptly receiving RM2 million from a businessman.
The Borneo Post:
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High Court orders Tengku Adnan to enter defence on RM2 million bribery case
Datuk Seri Tengku Adnan Tengku Mansor – Bernama file photo KUALA LUMPUR: The High Court here today ordered  former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor to enter his...
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Court orders Ku Nan to enter defence in RM2m bribery case
KUALA LUMPUR, Oct 14 — Former minister Datuk Seri Tengku Adnan Tengku Mansor must enter his defence and answer his charge of allegedly taking a RM2 million bribe in 2016, the High Court ruled today.
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KL High Court orders Ku Nan to enter defence on RM2mil bribe charge
KUALA LUMPUR: The Kuala Lumpur High Court has ordered Datuk Seri Tengku Adnan Tengku Mansor to enter his defence on a charge of accepting a RM2mil bribe from...
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Ku Nan ordered to enter defence in graft trial
KUALA LUMPUR (Oct 14): Former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor has today been ordered by the High Court here to enter into his defence.
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Bruised US banks expected to report Q3 earnings decline
NEW YORK: The biggest US banks are expected to kick off the earnings season on a sour note this week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first year-over-year earnings per share decline in three years.
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Prenup the latest must-have for tech startup founders
THE young woman in Monica Mazzei’s San Francisco law office was adamant: She wanted a prenuptial agreement.
theSun:
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Police detected financial transactions to activate LTTE: Ayob Khan
KUALA LUMPUR: Police today disclosed that financial transactions involving huge sums of money were carried out, and are believed to have been to activate the Liberation Tigers of Tamil Eelam (LTTE) gr...
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Cops detect ‘huge’ financial transactions to activate LTTE
KUALA LUMPUR: Police today disclosed that financial transactions involving huge sums of money had been carried out, believed to activate the Liberation Tigers of Tamil Eelam (LTTE) group in the countr...
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America’s great shale oil boom nearly over
AMERICA'S second shale boom is running out of steam. But don’t panic just yet, a third one may be coming over the horizon.
The Borneo Post:
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Police detect financial transactions to activate LTTE – Ayob Khan
A suspect is detained by the police personnel from the Counter-Terrorism Division (E8) of the Special Branch in Bukit Aman.
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