The Malaysian Pulse
Beat of the Nation
Thu, 17 Oct 2019, 8:47 PM
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Topic: 2017

Fintech News Malaysia:
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PitchIN’s First ECF Exit with MyCash Online Gives its Investors 44.2% Returns
A group of MyCash Online investors have recently accepted a buyout offer for their shares from VC company 500 Startups.
Malay Mail:
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Ampang teacher denies sexually assaulting three students
KUALA LUMPUR, Oct 17 — A male teacher was charged at three Sessions Court, Ampang here today with 12 counts of physical sexual assault and one non-physical sexual assault on three female students, t...
Malay Mail:
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Perak fisherman gets 202 years’ jail, 23 strokes for sexually assaulting stepdaughter
IPOH, Oct 17 — The Sessions Court here today sentenced a fisherman to a total of 202 years in jail and 23 strokes of the rotan after he admitted to sexually assaulting his stepdaughter over a period...
The Star:
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Fisherman gets 202 years for raping stepdaughter, but will serve only 38
IPOH: The Sessions Court here sentenced a 36-year-old fisherman to 202 years in jail and 23 strokes of the rotan for raping, molesting and having unnatural sex with his...
Malay Mail:
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Ericsson sales rise but earnings hit by corruption provision
STOCKHOLM, Oct 17 — Ericsson today reported rising sales, but the bottom line of the Swedish maker of telecommunications network equipment was hit as it set aside €1.1 billion (RM5.1 billion) to s...
The Edge Markets:
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Cover Story: Boustead Plantations to tackle debt-cash flow mismatch
GIVEN public disclosures in 2019 so far, minorities of Boustead Plantations Bhd may rightly wonder if they will be asked to pump cash into the planter soon.
EdgeProp.my:
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NTP 2019: Malaysia to coordinate all transport safety under a single entity
KUALA LUMPUR (Oct 17): There is an urgent need to strengthen safety guidelines, regulations and enforcements related to road safety to reduce road accidents and fatalities, which resulted in an estima...
The Star:
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Apple criticised for sending some browsing data to Tencent
Apple Inc recently came under fire for sending web browsing data, including IP addresses, to China’s Tencent Holdings Ltd, the latest criticism of how the company operates in the world’s most popu...
The Star:
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Internet game 'Fortnite' back with a new chapter
Fans of Internet gaming sensation Fortnite rejoiced as a new chapter began.
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.
The Edge Markets:
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NTP 2019: Malaysia to coordinate all transport safety under a single entity
KUALA LUMPUR (Oct 17): There is an urgent need to strengthen safety guidelines, regulations and enforcements related to road safety to reduce road accidents and fatalities, which resulted in an estima...
Malay Mail:
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Cambridge-based Malaysian wins 'Nobel Prize for Cancer Research'
KUALA LUMPUR, Oct 17 — UK-based Malaysian scientist Dr Serena Nik-Zainal has been honoured with the Dr Josef Steiner Cancer Research Prize 2019 for her breakthrough research in accelerating the holi...
Malay Mail:
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Pakatan launches greener transport policy with five thrusts, 23 strategies
KUALA LUMPUR, Oct 17 — The Pakatan Harapan (PH) government unveiled today the National Transport Policy (NTP) 2019-2030 that has sustainability at its core.
The Star:
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Over 26 million tourists brought in RM86.9bil in revenue, Dewan Rakyat told
KUALA LUMPUR: The Dewan Rakyat was told that a total of 26.45 million tourist arrivals had been recorded, generating a total of RM86.9bil worth of income between...
The Edge Markets:
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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...
Channel NewsAsia:
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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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Group presents memo to minister over Penang land reclamation project
GEORGE TOWN: The Penang Rejects Reclamation coalition (Penang Tolak Tambak) presented a memo from the Penang Fishermen's Association on the Penang...
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.
The Edge Markets:
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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 ...
e27:
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Alex Kong of TNG Fintech confirmed that the Hong Kong-based fintech startup had never realised its US$115M in Series A funding to Tranglo
The minority shareholders of a Malaysian fintech company, Tranglo Sdn Bhd (Tranglo) have filed an oppression suit against TNG Fintech Group Inc (TNG Fintech), which acquired its 60 per cent equity in ...
The Star:
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Boost for Sabah's green lung with extra 1k trees planted at Crocker Range
KOTA KINABALU: An additional 1,000 trees have been planted at the Crocker Range Forest Reserve in Sabah, with the help of Petronas staff members and volunteers a...
The Edge Markets:
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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.
AsiaOne:
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Malaysian MP dares ministers to live on $390 a month
KUALA LUMPUR - Subang MP Wong Chen has criticised the Pakatan Harapan government for increasing the minimum wage by merely RM100 (S$32.70) to RM1,200 (S$390) per month next year.
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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Stop blaming BN for nation's economic shortfall, MCA tells Guan Eng
PETALING JAYA: MCA urges Lim Guan Eng to stop blaming the former Barisan Nasional administration for the country's economic shortfall.
The Star:
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Diabetics can join the bubble tea party with healthier version
PETALING JAYA: A Malaysian-owned company has developed low Glycemic Index (GI) pearls, sugar syrup and sugar caramel for bubble tea that is safe for diabetics.
The Star:
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‘Remand prison is over its capacity’
GEORGE TOWN: The 170-year-old Penang Remand Prison is overcrowded and struggling to accommodate the 1,600 inmates housed there currently.
e27:
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E-scooter-sharing startup Popscoot has pivoted to a gamification platform, which provides an avenue for brands to interact with commuters in an affordable and engaging way
When bicycle-sharing caught the frenzy in China around 2017, Kelvin Ng and Justin Seow sensed a similar opportunity in their home country Singapore.
The Star:
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MP dares ministers to live on RM1,200 a month
KUALA LUMPUR: Subang MP Wong Chen has criticised the Pakatan Harapan government for increasing the minimum wage by merely RM100 to RM1,200 per month...
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 Borneo Post:
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Incestuous dad’s appeal over sentence dismissed by court
The man is led from the court after his appeal was dismissed.
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.
Free Malaysia Today:
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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.
Free Malaysia Today:
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Lower threshold for foreign home buyers open to abuse, warns CAP
GEORGE TOWN: The Consumers Association of Penang said the lowering of the price cap for foreigners buying properties in Malaysia could be abused by some to launder their money and even drive up prices...
theSun:
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2,475 cases on dismissals, trade disputes resolved this year: HR Ministry
KUALA LUMPUR: A total of 2,475 out of 4,430 outstanding cases involving dismissals and trade disputes have been resolved as of Sept 25, according to Human Resources Ministry (KSM). The ministry said ...
The Edge Markets:
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Online buying gaining dominance as consumers get wiser with purchases
PUTRAJAYA (Oct 16): Online buying is gaining dominance among households when compared to those only relying on purchases through conventional means, as consumers become increasingly wiser in choosing,...
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...
Star TV:
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It's still gallows for tow truck driver convicted for murdering Najadi
The Court of Appeal on Wednesday (Oct 16), upheld the death sentence on tow truck driver Koong Swee Kwan for murdering Arab-Malaysian Bank (AmBank) founder Hussain Ahmad Najadi.A three-member bench le...
Malay Mail:
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HR Ministry: 2,475 cases of dismissals, trade disputes resolved so far
KUALA LUMPUR, Oct 16 — A total of 2,475 out of 4,430 outstanding cases involving dismissals and trade disputes have been resolved as of Sept 25, according to Human Resources Ministry (KSM). The mini...
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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This is RoomMe’s extension of Series A funding this year after raising funding from Singapore’s Vertex Ventures
RoomMe, Indonesia-based co-living startup that helps manage and market the properties for homeowners on its platform for co-living lifestyle and flexible stay duration, announces that it has secured S...
Tech in Asia:
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Indonesian co-living startup RoomMe secures series A funding from BAce, Vertex, KK Fund
RoomMe, a startup operating co-living services in Indonesia, has secured an undisclosed sum of investment in a series A round led by Ant Financial-backed BAce Capital, a venture capital fund dedicated...
Malay Mail:
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UN: ‘Driving force’ China accounts for nearly half global patent filings
GENEVA, Oct 16 — China accounted for nearly half of global patent filings last year, with a record 1.54 million applications, led by telecoms and computer technology, the UN’s World Intellectual P...
The Star:
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Wong Chen: Don't increase minimum wage, if ministers can get by with RM1,200
KUALA LUMPUR: Subang MP Wong Chen has criticised the Pakatan Harapan government for increasing the minimum wage by just RM100 to RM1,200 per month...
The Star:
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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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Shrinking market forces JTI Malaysia to cut jobs
JT International Bhd (JTI Malaysia), the country’s second-largest tobacco company by volume, is laying off at least 100 employees as part of a wider restructuring to shed 3,720 jobs worldwide.
SoyaCincau.com:
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Is the Pixelbook Go just another Chromebook from Google?
So this isn’t the first time that Google has unveiled a Pixelbook, with the Chromebook earlier launched in 2017.
e27:
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Looking east
According to PWC’s Asset & Wealth Management 2017 report: Embracing exponential change; wealth management in APAC is poised to be one of the fastest-growing sectors in the next few years.
Tech in Asia:
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Hong Kong’s TNG Fintech faces lawsuit over oppression
Minority shareholders of Malaysian fintech firm Tranglo filed an oppression suit against Hong Kong-based TNG Fintech Group, which acquired a 60% stake in Tranglo from private equity fund management co...
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.
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.
The Star:
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Game changer in controlling mosquitoes
WE refer to the report “Melaka’s sterile mosquitoes method proves impotent in fight against dengue” (The Star, Oct 3; online at bit.ly/star_sterile).The World Health Organisation (WHO) has spear...
AsiaOne:
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Malaysians robbed of justice by jail death of British paedophile Huckle: Child group
The death of jailed British child sex offender Richard Huckle has prompted mixed emotions in parts of the Malaysian capital where he had lived, with some people expressing disappointment that his time...
The Star:
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MCMC terminates firm linked to massive data leak
THE company linked to the massive data leak of telco users in the country has had its contract terminated by the Malaysian Communications and Multimedia Commission (MCMC).
Digital News Asia:
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Budget 2020: Accelerating transition to a Digital Economy
Malaysia is already doing quite well as an economy that is transitioning to a digital economy.
The Star:
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Conflicting figures spark debate
KUALA LUMPUR: Conflicting figures on the number of matriculation students sparked a back and forth argument between former deputy education minister Datuk Seri Dr...
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.
The Star:
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Study highlights wealth inequality in Thailand
BANGKOK: About 36% of Thailand’s corporate equity is concentrated in the hands of just 500 people, highlighting wealth inequality in the country, a study released by the...
The Straits Times:
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British paedophile's death triggers mixed emotions in Malaysia
KUALA LUMPUR • The death of jailed British child sex offender Richard Huckle has prompted mixed emotions in parts of the Malaysian capital where he had lived, with some people expressing disappointm...
Digital News Asia:
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Indonesia’s StickEarn raises US$5.5mil in Series A funding
STICKEARN, a leading Indonesian offline-to-online advertising technology company, announced on Oct 15 that it has closed an oversubscribed Series A round of funding of US$5.5 million.
Lowyat.NET:
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Google Pixelbook Go Offers New Processor Options, Larger Display, Bigger Battery, and Hush Keys
True to the rumours that we’ve heard a few weeks before, Google today has officially unveiled the new Pixelbook Go laptop.
The Edge Markets:
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MIE owns 72.7% in Seremban Engineering at close of MGO
KUALA LUMPUR (Oct 15): Seremban Engineering Bhd’s (SEB) new controlling shareholder MIE Industrial Sdn Bhd has raised its stake in the company to 72.67% or 57.9 million shares, from 69.72%, after th...
Malay Mail:
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China sees ‘no difference’ with US on trade deal
BEIJING, Oct 15 — China said today there was “no difference” with the United States on reaching a trade agreement, amid scepticism over what US President Donald Trump has called a “substantial...
Malay Mail:
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Former Thomas Cook boss defends record, pay after firm’s collapse
LONDON, Oct 15 — The former chief executive of bankrupt travel firm Thomas Cook said today he understood public anger over his pay but defended his record, saying he had worked tirelessly to try to ...
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.
Channel NewsAsia:
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Malaysians robbed of justice by jail death of British paedophile Huckle: Child group
KUALA LUMPUR: The death of jailed British child sex offender Richard Huckle has prompted mixed emotions in parts of the Malaysian capital where he had lived, with some people expressing disappointment...
Malay Mail:
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Malaysians robbed of justice after paedophile Huckle stabbed to death in prison, says child group
KUALA LUMPUR, Oct 15 — The death of jailed British child sex offender Richard Huckle has prompted mixed emotions in parts of the Malaysian capital where he had lived, with some people expressing dis...
The Star:
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NGO: Malaysians robbed of justice by jail death of British paedophile Huckle
KUALA LUMPUR (Reuters): The death of jailed British child sex offender Richard Huckle has prompted mixed emotions in parts of the Malaysian capital where he had...
The Edge Markets:
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Malaysians robbed of justice by jail death of British paedophile Huckle — child...
KUALA LUMPUR (Oct 15): The death of jailed British child sex offender Richard Huckle has prompted mixed emotions in parts of the Malaysian capital where he had lived, with some people expressing disap...
EdgeProp.my:
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Najib's suit against Pua stays withdrawn but latter entitled to damages
KUALA LUMPUR (Oct 15): Damansara Member of Parliament Tony Pua had today managed to set aside the injunction imposed on him by Datuk Seri Najib Abdul Razak in a suit filed by the former prime minister...
The Borneo Post:
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Domestic violence cases on the rise in 2019, says Fatimah
Fatimah Abdullah KUCHING: Minister of Welfare, Community Welbeing, Women, Family and Childhood Development Dato Sri Fatimah Abdullah has expressed concern with the high number of domestic violence ca...
The Star:
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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.
theSun:
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Kelantan received compassionate fund, not royalty payment, says MB
KOTA BARU: Kelantan received payment of “wang ihsan” (compassionate fund) from the federal government on Sept 27, Mentri Besar Datuk Ahmad Yakob (pix) told the State Assembly today.
The Edge Markets:
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Najib's suit against Pua stays withdrawn but latter entitled to damages
KUALA LUMPUR (Oct 15): Damansara Member of Parliament Tony Pua had today managed to set aside the injunction imposed on him by Datuk Seri Najib Razak in a suit filed by the former prime minister again...
The Star:
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Just 500 people own 36% of all the equity in Thailand’s firms
BANGKOK: About 36% of Thailand’s corporate equity is concentrated in the hands of just 500 people, highlighting wealth inequality in the country, a study released by the...
The Borneo Post:
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Indonesian national nabbed with over RM500k worth of drugs
Dev (centre) and other police officials display the drugs seized from the Indonesian man during a press conference held at the Sarawak Police Contingent Headquarters (IPK) here today.
EdgeProp.my:
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Isa Samad trial: All FIC board members must follow company's M&A
KUALA LUMPUR (Oct 15): The High Court here heard that all Board Members of Felda Investment Corporation Sdn Bhd (FIC) should act in accordance with the Memorandum and Articles of Association (M&A) of ...
Tech in Asia:
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Vietnam’s Cricket One bags seed funding in round led by 500 Startups, Masik
Vietnamese cricket protein producer Cricket One has raised an undisclosed sum in a seed funding round co-led by 500 Startups and Singapore-based Masik Enterprises.
Free Malaysia Today:
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Court rules Pua entitled to damages after Najib dropped defamation suit
KUALA LUMPUR: The Court of Appeal here has allowed Damansara MP Tony Pua to receive damages after the High Court last year allowed former prime minister Najib Razak to withdraw his defamation suit ove...
The Star:
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Kelantan received compassionate fund payment, not oil royalty, says Mentri Besar
KOTA BARU (Bernama): Kelantan received payment of "wang ihsan” (compassionate fund) from the Federal Government on Sept 27, Menteri Besar Datuk Ahmad...
Malay Mail:
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Trump claims a victory in China trade war, but US farmers want details
NEW YORK, Oct 15 — Saying China has promised to buy up to US$50 billion (RM209.2 billion) in US agricultural products, President Donald Trump is encouraging American farmers to prepare for a major i...
The Star:
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MCMC suspended contract of company linked to massive telco personal data leak, Parliament told
KUALA LUMPUR: The Malaysian Communications and Multimedia Commission (MCMC) suspended the contract of a company linked to a massive data leak of personal...
Malay Mail:
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No choice but to invest in oil, says Shell CEO
LONDON, Oct 15 — Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over clima...
The Star:
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Emirates president does not expect to get any Boeing 777x in 2020
DUBAI: Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said, as the US planemaker grapples with challenges in...
theSun:
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Police on hunt for alleged child molester in Nilai
SEREMBAN: Police were looking for a Bangladeshi man for allegedly molesting a five-year-old girl at a curtain shop in Nilai 3, near here, on Wednesday.
The Star:
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Paedo who shocked M’sia found dead
PETALING JAYA: The arrest of serial paedophile Richard Huckle, who was found dead in his prison cell in the United Kingdom, left an indelible mark on Malaysian society.
The Star:
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Court upholds decision to drop tahfiz sex case
IPOH: A Magistrate’s Court here dismissed an application to call a deputy public prosecutor to explain why the investigation paper into an alleged sexual abuse case...
The Star:
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China’s US$50bil deal with US might not happen
BEIJING: China is still a long way from forking out US$50bil for farm goods from the United States, agriculture industry analysts say, cautioning that getting...
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...
Malay Mail:
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As board member, Isa had responsibility towards Felda Investment Corporation, court told
KUALA LUMPUR, Oct 14 — The High Court here heard that all Board Members of Felda Investment Corporation Sdn Bhd (FICSB) should act in accordance with the Memorandum and Articles of Association (M&A)...
Malay Mail:
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Report: MCMC ends contract with company after massive 2017 phone data leak
KUALA LUMPUR, Oct 14 — The Malaysian Communications and Multimedia Commission (MCMC) has terminated the services of a firm hired back in 2017 to protect the personal data of mobile phone users.
The Edge Markets:
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Isa Samad trial: All FICSB board members must follow company's M&A
KUALA LUMPUR (Oct 14): The High Court here heard that all Board Members of Felda Investment Corporation Sdn Bhd (FICSB) should act in accordance with the Memorandum and Articles of Association (M&A) o...
The Edge Markets:
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Kelantan tables deficit state budget for 2020
KOTA BHARU (Oct 14): The Kelantan government today tabled its 2020 budget with an estimated deficit of RM46.07 million, which is 31.4% or RM11 million higher than the RM35.07 million deficit in last y...
Malay Mail:
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Police on hunt for alleged child molester in Nilai
SEREMBAN, Oct 14 — Police were looking for a Bangladeshi man for allegedly molesting a five-year-old girl at a curtain shop in Nilai 3, near here, on Wednesday.
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Singapore ecommerce enabler Shopmatic acquires SaaS firm CombineSell
Singapore-based ecommerce company Shopmatic has fully acquired local software-as-a-service firm CombineSell for an undisclosed amount.
Tech in Asia:
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Indonesian P2P lender Finmas secures fintech license
Indonesian firm Finmas has officially obtained a business license as a fintech lending platform from the country’s Financial Services Authority (OJK). With its new status as a licensed P2P lending...
The Star:
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Will China’s revised cybersecurity law put foreign firms at risk of losing their secrets?
Companies are concerned they may have switch to Chinese service providers and equipment to meet Beijing’s demands on the protection of sensitive data.
Malay Mail:
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Why the long wait at emergency and trauma units? Patient overflow, staff and medical equipment shortage
KUALA LUMPUR, Oct 14 — Some patients seeking treatment at the Emergency and Trauma Department (ETD) of hospitals in the country are forced to wait longer due to a lack of medical equipment and limit...
Free Malaysia Today:
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Auditor-general raises concerns over 5 finance ministry-linked companies
KUALA LUMPUR: The auditor-general has raised concerns over the capability of five companies owned by the finance ministry to repay loans given to them totalling RM76.1 billion.
Malay Mail:
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AG orders dismissal of Ipoh tahfiz school sexual abuse case, despite court previously recognising offence
IPOH, Oct 14 — The Magistrate’s Court here has decided today to dismiss the case of alleged sexual abuse against a minor at a tahfiz school in Manjoi, Ipoh, merely two months after recognising tha...
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