The Malaysian Pulse
Beat of the Nation
Thu, 17 Oct 2019, 9:18 PM
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Topic: Australia

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.
The Star:
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Local governments urged to fulfil 17 SDGs by 2030
GEORGE TOWN: All 150 local governments in the country have been urged to fulfil the 17 Sustainable Development Goals (SDGs) by 2030.
Malay Mail:
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Minister: Madrid Protocol will facilitate international trademark registration for Malaysian entrepreneurs
KUALA LUMPUR, Oct 17 — The Trademarks Act 2019 which was passed by Parliament in July, allowed the nation to join the Madrid Protocol to enable local entrepreneurs to register their product brands i...
The Edge Markets:
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KLCI dips on mild profit taking in line with tentative region
KUALA LUMPUR (Oct 17): The FBM KLCI dipped in early trade Thursday, on some mild profit taking in line with tentative regional markets.
The Edge Markets:
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Asia Stock Futures Mixed; Treasuries Advance
(Oct 17): Asian stocks were set for a mixed start Thursday as investors gauged a weak U.S. consumer report that triggered a rally in Treasuries.
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...
Free Malaysia Today:
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Asian cities urged to include the poor in urban planning
PENANG: Urban planners in rapidly expanding Asian cities must involve the poorest residents in decision-making and include informal spaces if they are serious about tackling inequality, experts said.
AutoBuzz.my:
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All-new Isuzu D-Max could be fitted with Autonomous Emergency Braking
It’s probably fair to pass the all-new Isuzu D-Max off as nothing less than impressive.
Malay Mail:
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Australia seeks to ratify Hong Kong, Indonesia, Peru trade deals by year-end
SYDNEY, Oct 16 ― Australia's government introduced legislation today to ratify trade deals with Indonesia, Hong Kong and Peru, key planks of its push to boost the economy via new export opportunitie...
The Star:
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Latitude CEO disappointed KKR pulled IPO due to low price
SYDNEY: Private equity giant KKR & Co and its partners cancelled what was to be Australia's biggest listing of the year, lender Latitude Financial, because investors would...
The Star:
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KLCI stages mild rebound, tracks firmer Asian markets
KUALA LUMPUR: Blue chips staged a mild rebound early Wednesday, underpinned by Petronas-linked stocks, as investor sentiment perked up following the firmer key Asian markets.
The Star:
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Aussie banks to be asked to hold more capital against their NZ units
SYDNEY: Australia’s banking regulator said it plans to ask lenders to meet higher capital levels domestically to offset their exposure to large overseas units – a move that...
Free Malaysia Today:
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Make racism a crime, Ramkarpal tells PH
KUALA LUMPUR: DAP MP Ramkarpal Singh has asked the PH government to criminalise racist statements if it is serious in fighting the rising racist remarks made by certain leaders and politicians.
The Star:
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Concerned Malaysians raise questions online over streamless school plan
PETALING JAYA: Concerned Malaysians have raised pertinent questions in social media over the streamless school approach.
The Edge Markets:
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Govt studying strategies to decriminalise suicide attempts — Liew
KUALA LUMPUR (Oct 15): The Government through the Attorney-General's Chambers is studying possible amendments to laws related to suicide to address the increasing number of such attempts nationwide.
Channel NewsAsia:
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Malaysia studying ways to decriminalise suicide attempts: Minister
KUALA LUMPUR: The Malaysian government, through the Attorney-General's Chambers, is studying possible amendments to laws related to suicide to address the increasing number of such attempts nationwi...
The Borneo Post:
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Govt studying strategies to decriminalise suicide attempts – Liew
Datuk Liew Vui Keong KUALA LUMPUR: The government through the Attorney-General’s Chambers is studying possible amendments to laws related to suicide to address the increasing number of such attempt...
SoyaCincau.com:
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Germany defies U.S. call to exclude Huawei from 5G rollout
The United States has been pushing its allies to bar Huawei from building mobile networks due to security concerns.
Malay Mail:
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Putrajaya eyes decriminalising suicide bids
KUALA LUMPUR, Oct 15 — The government is studying possible amendments to the Penal Code that will stop its use against those already moved to suicide, Datuk Liew Vui Keong said today.
Malay Mail:
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Report: Malaysian tech start-ups leave for Singapore, Australia to grow business
KUALA LUMPUR, Oct 15 — Poor responses and strict rules are among reasons which have pushed local tech start-ups to countries like Singapore to gain capital funding, and to Australia for public listi...
The Star:
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Wah Seong to benefit from surge in offshore fabrication orders
KUALA LUMPUR: Maybank Investment Bank Research sees Wah Seong Corporation as a major beneficiary from the resurgence in offshore fabrication orders, particularly...
The Star:
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Santos targets Asia LNG growth with Conoco deal
SYDNEY: Santos Ltd agreed to buy ConocoPhillips’ northern Australia business for US$1.4bil in a deal that will boost the Adelaide-based oil and gas producer’s...
Tech in Asia:
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TransferWise launches borderless debit card in Singapore
Global fintech firm TransferWise launched a debit card in Asia that uses the real exchange rate, also known as the mid-market rate, to help Asian travelers and businesses avoid high foreign exchange f...
The Star:
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Gamuda seen as getting fair deal for highways
PETALING JAYA: Gamuda Bhd is seen as getting a fair deal with regard to the disposal of its tolled highways but going forward it will have to search for new businesses with...
The Borneo Post:
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Social work profession act recognises social works in Malaysia — UMS lecturer
KOTA KINABALU: The Social Work Profession Act, which will be tabled in the Dewan Rakyat in December, has given high recognition to social work in the country and the Department of Social Welfare (JKM)...
The Star:
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UOB Kay Hian Research retains Hold for Gamuda, TP RM3.65
KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Hold call for Gamuda Bhd and a target price of RM3.65 after its foray into Australia and the...
Malay Mail:
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Asia relieved at latest trade truce, China data disappoints
SYDNEY, Oct 14 — Asian share markets firmed today as signs of progress in the Sino-US trade standoff whetted risk appetite, though investors were wary of the damage already done to the global econom...
The Star:
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Blue chips jump on trade hopes, Asian markets up
KUALA LUMPUR: Blue chips rallied in early Monday trade, mirroring the optimistic key Asian markets on hopes of a US-China trade deal.
Malay Mail:
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Asia shares cheered by Sino-US trade progress
SYDNEY, Oct 14 — Asian share markets pushed higher today as signs of progress in the Sino-US trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen.
Malay Mail:
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Under-pressure Australian banks face fresh inquiry
SYDNEY, Oct 14 — Australia today announced the country’s consumer watchdog would investigate mortgage pricing after the country’s largest banks refused to pass on recent interest rate cuts in fu...
The Star:
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Merdeka LHS wins gold at Young Spikes Asia 2019
Kuala Lumpur: Merdeka LHS, Dentsu Aegis Network Malaysia’s strategic brand consultants and communicators has clinched Malaysia’s only award at the recent Spikes...
The Star:
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All must play role in stopping sea plastic pollution
KUALA LUMPUR: The World Wildlife Fund (WWF) estimates there is 150 million metric tonnes of plastic waste in the sea which is disrupting marine life.
Free Malaysia Today:
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Jakim ‘halal’ officers corrupt? Show proof, says Fuziah
PETALING JAYA: A deputy minister has demanded proof of corruption in the Islamic development corporation Jakim relating to halal certification, as alleged in a recent foreign news report.
theSun:
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Plastic pollution: What can you do to help?
KUALA LUMPUR: The World Wide Fund for Nature (WWF) states there is an estimated 150 million metric tonnes of plastic waste in the sea disrupting marine life and that if the problem isn’t addressed e...
kopiandproperty.com:
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Knight Frank Malaysia: Budget 2020 is aimed at property overhang issue
Press Release by Knight Frank Malaysia: Budget 2020: A bold move to address property overhang 12 October 2019, Malaysia – The leading residential property segment remains a focus for both public and...
Malay Mail:
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Strong commitment to finalise RCEP despite pending chapters
BANGKOK, Oct 12 — All 10 member states of Asean and its six dialogue partners have reaffirmed their commitment towards finalising the Regional Comprehensive Economic Partnership (RCEP) even though t...
EdgeProp.my:
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Budget 2020: A bold move to address property overhang, says Knight Frank
PETALING JAYA (Oct 12): Knight Frank Malaysia in a statement today said the federal government's Budget 2020 announcement is a bold move aimed at the overhang of condominiums and serviced apartments a...
Malay Mail:
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Price cut a bold first step to sell more high-end homes, says Knight Frank Malaysia
KUALA LUMPUR, Oct 12 — The price reduction threshold for foreign property ownership is a bold move to immediately deal with the massive surplus of high-end condominiums in cities, real estate consul...
e27:
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To commemorate mental health awareness day (and for all the rage about Todd Philipps’ Joker), e27 gathers startup heroes that address the often taboo subject in the region
With one-quarter of the world population crammed in the region, major depressive disorder, which is still the third-leading cause of disability worldwide, also affects Southeast Asia.
The Edge Markets:
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Asia Stocks to Rise as Trade Talks Go Into Friday
(Oct 11): Asian stocks looked set to gain as high-level U.S.-China trade talks progressed into a second day and optimism grew that a truce can be achieved.
The Edge Markets:
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IATA: Moderate pick-up in passenger demand in August
KUALA LUMPUR (Oct 10): Global passenger traffic data for August 2019 showed that demand, which is measured in total revenue passenger kilometres (RPKs), climbed 3.8 percent compared with the year-ago ...
Malay Mail:
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India pursues China-led trade deal despite domestic opposition
NEW DELHI, Oct 10 ― India is pressing ahead with talks to join a China-led free trade pact, officials said today, despite some domestic producers' concerns that the country could be flooded with che...
Malay Mail:
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Abolition of mandatory death penalty should happen in this parliamentary session ― Charles Hector
OCTOBER 10 ― On the occasion of the World Day Against the Death Penalty, which falls on October 10, MADPET (Malaysians Against Death Penalty and Torture) notes sadly that Malaysia has yet to abolish...
Malay Mail:
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Top-level US-China trade talks resume as irritants sour atmosphere
WASHINGTON, Oct 10 ― The United States' and China's top trade negotiators were set to meet today for the first time since late July to try to find a way out of a 15-month trade war as new irritants ...
Malay Mail:
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India pursues RCEP despite domestic opposition
NEW DELHI, Oct 10 — India is pressing ahead with talks to join a China-led free trade pact, officials said today, despite the fears of some domestic producers that the country would be flooded with ...
Digital News Asia:
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WECOMMERCE 2019: Lazada matches locals to overseas traders and manufacturers
“Good partnerships and technological innovations are often the catalysts of successful businesses and retail trends, which is why we are introducing business matching to boost resources available to...
Malay Mail:
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Tariffs on China are working, says US secretary of commerce
SYDNEY, Oct 10 — Tariffs are forcing China to pay attention to US concerns, according to a copy of a speech to be given by US Secretary of Commerce Wilbur Ross today.
The Star:
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Exxon names BAML to run Malaysia US$3bil asset sales
LONDON: Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal...
The Star:
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Netherlands, Australia vow to pursue convictions for downing of MH17
SYDNEY: Australia and the Netherlands said on Wednesday they will pursue criminal prosecutions for those responsible for the downing of Malaysia Airlines...
Malaysiakini:
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Medical marijuana advocacy group launches survey for M'sians
The Malaysian Society of Awareness has called on the Malaysian government to consider legalising the use of cannabis for medical purposes and health supplements, as is practised in several countries.
theSun:
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Indonesia slapped with FIFA fine over match crowd trouble
JAKARTA: Indonesia’s national football association has been fined by FIFA over crowd trouble during a World Cup qualifier against Malaysia, the organisation said Wednesday.
Tech in Asia:
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99.co to set up JV with iProperty, Rumah123
Singapore-based property marketplace 99.co is forming a joint venture with REA Group’s property portals iProperty in Singapore and Rumah123 in Indonesia.
Star TV:
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"We will not rest": Australia and Netherlands PMs vow justice for MH17 crash
Australia and the Netherlands said on Wednesday they will continue to pursue criminal prosecutions for those responsible for the downing of Malaysia Airlines flight MH17 that killed 298 people, even i...
The Edge Markets:
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Exxon names BAML to run Malaysia asset sales — sources
LONDON (Oct 9): Exxon Mobil has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the US firm accelerates a vast disposal programme, banking and industry s...
Malaysiakini:
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Netherlands, Australia vow to pursue convictions for downing of MH17
Australia and the Netherlands said today they will pursue criminal prosecutions for those responsible for the downing of Malaysia Airlines flight MH17 that killed 298 people even if it takes many year...
The Straits Times:
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Indonesia slapped with Fifa fine over match crowd trouble
Jakarta (AFP) - Indonesia's national football association has been fined by FIFA over crowd trouble during a World Cup qualifier against Malaysia, the organisation said Wednesday.
theSun:
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Social work will be recognised as a profession under new Bill to be tabled in Dec
KUALA LUMPUR: Social work will be recognised as a profession under a new Bill that will be tabled at the Dewan Rakyat in December.
Malaysiakini:
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Fight racism objectively
LETTER | "Do you agree that we need Sekolah Wawasan and abolish vernacular schools to unite the nation?" I frequently receive this question every time a discussion about national unity arises.
The Star:
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Exxon Mobil weighs sale of Malaysian offshore assets
HONG KONG: Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets as the US energy giant continues with its divestiture program, according to...
The Edge Markets:
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Exxon Mobil weighs sale of Malaysian offshore assets
KUALA LUMPUR (Oct 9): Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets as the US energy giant continues with its divestiture program, according to people with knowledge...
Free Malaysia Today:
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New law soon to grant social workers professional status
KUALA LUMPUR: The government plans to introduce a new law called the Social Workers Profession Act which would see social workers being categorised as professionals.
Malaysiakini:
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Shortage of social workers among social problem challenges - Wan Azizah
PARLIAMENT | A shortage of social workers is one of the factors contributing to the inefficient management of efforts to address social problems in the country, said Deputy Prime Minister Dr Wan Aziza...
The Star:
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DPM: Social work to be a recognised profession with tabling of Social Workers Profession Act
KUALA LUMPUR: Social work will soon become a recognised profession following plans to table laws to upgrade the status of social workers, says Deputy Prime...
The Borneo Post:
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Shortage of social workers among challenges in addressing social problems – Wan Azizah
Datuk Seri Dr Wan Azizah Ismail – Bernama file photo KUALA LUMPUR; Shortage of social workers is one of the factors attributing to inefficient management of efforts to address social problems in th...
Malay Mail:
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New Bill granting social workers professional status set for Dec tabling
KUALA LUMPUR, Oct 9 — Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail will be tabling a new Bill in December that will accord professional status to social workers in the country.
The Edge Markets:
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Pre-Budget: The changing global tax framework and its impact on businesses
We are living in a time of unprecedented economic, political and technological change.
The Star:
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Lazada Malaysia sees 97% growth in new sellers within a year
KUALA LUMPUR: Lazada Malaysia has reported a staggering 97% growth in new sellers on the platform since September last year, with the highest growth seen...
Vulcan Post:
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It Took 7 Years Of Hosting Durian Parties For This Business To Choose a Brand Name
Love them or hate them, the durian has grown from being a local delicacy into a global commodity that grows in demand over the years.
The Star:
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Lazada Malaysia reports 97% growth in new sellers in one year
KUALA LUMPUR: Lazada Malaysia has reported a staggering 97% growth in new sellers on the platform since September last year, with the highest growth seen...
Malay Mail:
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Lazada Malaysia sees 97pc growth in new sellers within a year
KUALA LUMPUR, Oct 8 — Lazada Malaysia has reported a staggering 97 per cent growth in new sellers on the platform since September last year, with the highest growth seen from Kelantan, Labuan and Ke...
The Star:
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AsiaPac banks facing tougher 2020, SP Global Ratings says
KUALA LUMPUR: S&P Global Ratings sees a more challenging year for financial institutions in the Asia Pacific region in 2020.
Malay Mail:
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Scandal-plagued Aussie banks boost funds to repay customers
SYDNEY, Oct 8 ― Australia's ANZ Bank said today its half-year cash profit would take a A$559 million (RM1.57 billion) hit as a result of reimbursing customers for unfair fees and dodgy financial adv...
The Star:
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PropertyGuru may raise US$257m in IPO
SINGAPORE: South-East Asian online realtor PropertyGuru Ltd filed a prospectus in Australia seeking an initial public offering (IPO) that could raise as much as A$380.2mil (US$257mil). PropertyGuru,...
Malay Mail:
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US-Japan trade deal vs TPP: Where it falls short, where it exceeds
WASHINGTON, Oct 8 ― US President Donald Trump yesterday called his new trade deal with Japan “a game changer for our farmers and our ranchers.” But don't expect America's Land O'Lakes butter to ...
Malaysiakini:
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'Sorry, this is an emergency': Climate protesters block streets around the world
Thousands of climate-change protesters took to the streets in cities around the world on Monday, launching two weeks of peaceful civil disobedience to demand immediate action to cut carbon emissions a...
Malay Mail:
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US-Japan trade deal aims to put US farmers on par with Trans-Pacific trade pact competitors
WASHINGTON, Oct 8 ― The new US-Japan trade deal will provide staged reduction of Japanese tariffs for more than US$2 billion (RM8.4 billion) worth of US beef and pork, matching access now granted to...
The Borneo Post:
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Mara-sponsored students well-received by Japanese industry players
PUTRAJAYA: More Mara sponsored students will be sent to undergo intensive programmes in Japan following positive responses from the industry players in the Land of the Rising Sun.
theSun:
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Mara-sponsored students well-received by Japanese industry players: Rina
PUTRAJAYA: More Council of Trust for the People (Mara) sponsored students will be sent to undergo intensive programmes in Japan following positive responses from the industry players in the Land of th...
Tech in Asia:
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Singapore’s PropertyGuru targets $257m IPO in Australia
PropertyGuru, one of Southeast Asia’s leading property technology companies, announced today it has lodged a prospectus with the Australian Securities and Investment Commission for an initial public...
Malay Mail:
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Where the US-Japan trade deal falls short of Trans-Pacific pact abandoned by Trump
WASHINGTON, Oct 7 — US President Donald Trump has called his new trade deal with Japan a “phenomenal” victory for US farmers.
The Star:
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‘Untitled Goose Game’ linked with PlayStation, Xbox, mobile moves
September release and instant hit Untitled Goose Game in which players wreak low-stakes havoc as a bird on the loose in a genteel English village, could be coming to...
The Star:
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Is the future truly Asian?
THIS is a question that is at the heart of the tensions across the Pacific.
The Borneo Post:
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Paris climate activists kick off global protests
Protesters block the Italie Deux shopping mall in Paris during a demonstration called by the Extinction Rebellion environmental activist movement.
The Star:
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Imports fell 12.5% in August, exports down 0.8%
KUALA LUMPUR: Malaysian imports fell by the most since 2009 in August as demand for capital goods waned, suggesting the nation’s economic growth will cool in the months ahead.
CarSifu:
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Isuzu celebrates 60 years of the Elf light-duty truck
PETALING JAYA: On Aug 26, it marked the 60th anniversary of Isuzu’s best-selling Light Duty Truck, the ELF.
e27:
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In addition to Cashlez and Ola, we also have updates from OYO, SoftBank Group, and Facebook
Indonesian mPOS platform Cashlez announces IPO plan – DailySocial Indonesian mobile point-of-sale (mPOS) platform Cashlez announced a plan for IPO in 2020, DailySocial reported.
Tech in Asia:
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Thai car-sharing platform Drivemate raises $2.2m
Drivemate, a peer-to-peer car-sharing platform based in Thailand, has secured US$2.2 million in a series A round led by Netsol Technologies Inc., a Nasdaq-listed IT and enterprise software solutions p...
The Star:
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Red Dead Redemption 2 for PC? Gamers rejoice at hints of release
Rumours abound that the epic Red Dead Redemption 2 from Rockstar Games is finally coming to PC after the maker was spotted applying for a new classification...
The Star:
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US, allies push Facebook for access to encrypted messages
The United States, Britain and Australia have called on Facebook to give authorities the ability to circumvent encryption used in its messaging services – a measure...
The Star:
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Facebook's Zuckerberg defends decision on encryption
Facebook Inc chief executive officer Mark Zuckerberg defended his decision to encrypt the company's messaging services on Thursday, despite concerns about its impact...
AsiaOne:
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Mahathir lauds Huawei deal with Malaysian telco giant Maxis as vital collaboration
China's Huawei Technologies, hobbled by allegations in the West that it is engaged in espionage, received a shot in the arm from Malaysia on Thursday as telecoms giant Maxis signed a deal to buy 5G eq...
Malay Mail:
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Task force: UEC failed by national education system, public wants to move on
PUTRAJAYA, Oct 4 — The problems surrounding the controversial Unified Examination Certificate (UEC) were caused by the failure of the national education system, said the Ministry of Education’s fa...
The Edge Markets:
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Global LNG: Asian prices slip as China stays away, demand lacklustre
LONDON (Oct 4): Asian spot prices for liquefied natural gas (LNG) slipped this week, with many Chinese and other regional players absent from the market due to the Golden Week holiday, and no respite ...
Malay Mail:
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Japan’s Uniqlo takes plunge in uncertain India retail market
NEW DELHI, Oct 4 — Japanese clothing giant Uniqlo today opened its first store in India, one of its largest worldwide, becoming the latest global retailer to plunge into the huge but tough developin...
The Star:
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August exports fall 0.8% to RM81.36b, below forecast
KUALA LUMPUR: Malaysia's trade performance disappointed in August as exports slipped by 0.8% on-year (y-o-y) to RM81.36bil compared a Bloomberg survey of a...
The Edge Markets:
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Asia Stocks to Edge Higher; Treasuries Climb
(Oct 4): Stocks in Asia looked set to end the week with a reprieve as a wave of poor economic data countered an increase in wagers that the Federal Reserve will cut rates later this month.
Malay Mail:
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Poll: To beat the heat, one-third of Malaysian travellers opt for snow holidays
KUALA LUMPUR, Oct 3 — Over one in three Malaysian travellers polled preferred to embark on snow holidays to escape the hot tropical weather, according to tourism agent Club Med’s Asia-Pacific Snow...
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Mavcom issues 31 air traffic rights in 3Q19, and AirAsia gets the most
KUALA LUMPUR (Oct 3): The Malaysian Aviation Commission (Mavcom) says it approved all 31 applications it received for air traffic rights (ATR) in the third quarter of this year (3Q19), and that AirAsi...
The Star:
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Moody's revises Press Metal outlook to negative amid concerns about debt-fuelled expansion
KUALA LUMPUR: Press Metal Aluminum Holdings Bhd's aggressive debt-funded expansion plans, amid falling aluminium prices, has raised concerns about its financial...
Malaysiakini:
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Mavcom approves 31 air traffic rights applications for Q3 2019
The Malaysian Aviation Commission approved all 31 air traffic rights (ATR) applications during the third quarter of this year (Q3 2019).
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