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Wed, 16 Oct 2019, 6:18 PM
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Topic: October 2018

Fintech News Malaysia:
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Tranglo’s Minority Shareholders Sues Hong Kong Based “Unicorn” TNG Fintech Group
Minority shareholders of Malaysian based payments company Tranglo has filed an oppression suit against TNG Fintech Group which acquired 60% of equity in Tranglo from Ekuinas in October 2018.
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 Edge Markets:
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Controlling shareholder of Ekuinas' ex-investee sued for oppression
KUALA LUMPUR (Oct 16): Minority shareholders of Ekuiti Nasional Bhd's (Ekuinas) ex-investee Tranglo Sdn Bhd have filed an oppression suit against its major shareholder TNG Fintech Group Inc, alleging ...
Tech in Asia:
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Rising startups on Tech in Asia: endoscopic AI, eSIM provider, construction management
Which are the startups that are on the path to becoming the next big thing?
Tech in Asia:
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Rising startups on Tech in Asia: endoscopic AI, eSIM provider, construction management
Which are the startups that are on the path to becoming the next big thing?
The Borneo Post:
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‘Crashed plane’ rescue drill conducted at Kuching International Airport
Bomba personnel taking part in the rescue drill that was held at KIA this morning.
The Star:
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‘Red Dead Redemption II’ announced for PC, Stadia launch Nov 5
Console exclusive no more, Wild West action adventure game Red Dead Redemption 2 will launch on PC early November 2019, just over a year after its PlayStation 4...
The Star:
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Nazir vows to assist MACC to recover 1MDB funds
PETALING JAYA: Former CIMB Group chairman Datuk Seri Nazir Razak says he fully respects the work that the Malaysian Anti-Corruption Commission is doing to...
Lowyat.NET:
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Apple Offers Free Repair For iPhone 6s and 6s Plus with No Power Issues
Apple recently has announced that it is offering free repair for selected iPhone 6S and iPhone 6S Plus that are affected by a very specific power issue.
Malay Mail:
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Can’t turn on your iPhone 6s and 6s Plus? Apple will repair it for free
PETALING JAYA, Oct 7 — Apple has acknowledged an issue where certain iPhone 6s and iPhone 6s Plus units may not be able to switch on due to a component failure.
SoyaCincau.com:
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Can’t turn on your iPhone 6s and 6s Plus? Apple will repair it for free
Apple has acknowledged an issue where certain iPhone 6s and iPhone 6s Plus units may not be able to switch on due to a component failure.
The Star:
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Privacy group says US tech giants not delivering on political ads pledges
Facebook, Twitter and Alphabet's Google have failed to provide adequate transparency for global users around political advertising on their platforms, a privacy...
Malaysiakini:
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Privacy group says tech giants not delivering on political ads pledges
Facebook, Twitter and Alphabet’s Google have failed to provide adequate transparency for global users around political advertising on their services, a privacy advocacy group said on Tuesday.
Malay Mail:
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London court allows mass claim against Google over iPhone data
LONDON, Oct 2 — London’s Court of Appeal gave the go-ahead for action against Google over claims it collected data from more than 4 million iPhone users, overturning a ruling in 2018 that in effec...
Malay Mail:
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Works minister tells officials to ensure Sri Aman hospital done on time
KUCHING, Sept 27 — Works Minister Baru Bian directed his ministry officials today to ensure that the Sri Aman district hospital project is not delayed any further.
Free Malaysia Today:
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Freedom of speech: one for Jews, another for Muslims
In October 2018, Dr Mahathir Mohamad addressed the UN’s 73rd General Assembly.
Tech in Asia:
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One Championship launches own mobile game as it continues to diversify
Singapore-based sports media firm One Championship has launched One Fantasy, its own mobile game.
Malaysiakini:
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Indonesia finds design flaw, oversight lapses in 737 MAX crash: WSJ
Indonesian investigators have found that design and oversight lapses played a key role in the October 2018 crash of Boeing Co’s 737 MAX jet that killed all 189 people aboard, the Wall Street Journal...
theSun:
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E-Skrol application will resolve problem of fake certificates
PUTRAJAYA: Degrees issued by local tertiary institutions can now be verified through the E-Skrol application based blockchain technology.
The Edge Markets:
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E-Skrol app will resolve problem of fake degrees
PUTRAJAYA (Sept 20): Degrees issued by local tertiary institutions can now be verified through the E-Skrol app-based blockchain technology.
Malay Mail:
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Twitter closes thousands of fake news accounts worldwide
WASHINGTON, Sept 20 — Twitter said today it shut down thousands of accounts worldwide for spreading misinformation, including some artificially amplifying pro-Saudi messaging as part of a regional p...
The Star:
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US is pursuing more charges at JPMorgan
WASHINGTON: Federal prosecutors are closing in on JPMorgan Chase & Co. officials in their investigation of price rigging in precious metals markets.
The Star:
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Dzulkefly Ahmad: Govt firm on smoking ban enforcement date at eateries
BUTTERWORTH: The Government will not make any U-turn over its decision to enforce a smoking ban at all eateries nationwide.
The Star:
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Msia’s long-term economic direction to be discussed in special Cabinet meeting on Saturday (Sept 14)
PETALING JAYA: Malaysia’s long-term economic direction based on the Shared Prosperity Vision will be discussed in the special Cabinet meeting slated for Saturday (Sept 14)...
The Star:
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Foreign tourists to Langkawi on the rise while locals decline
PETALING JAYA: Langkawi’s tourist arrivals in 2018 dipped to 3.63 million visitors even as the number of foreign tourists increased significantly last year.
The Borneo Post:
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Proposed termination of civil service pension scheme needs in-depth study, says PBB rep
Datuk Idris Buang KUCHING: Parti Pesaka Bumiputera Bersatu (PBB) Information Chief Datuk Idris Buang has urged the federal government not to rush headlong into its plan to end the pension scheme for ...
The Star:
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China’s forex reserves rise to US$3.1 trillion
BEIJING: China’s foreign exchange reserves rose unexpectedly in August, even as the yuan posted its biggest monthly drop in 25 years amid escalating trade...
The Star:
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Govt looking for best formula
KYOTO: The government is looking for the best formula with regard to a proposal to stop making new appointments in the civil service under the permanent...
theSun:
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Govt looking for best deal for civil servants, says Tun M
KYOTO: The government is looking for the best formula with regard to a proposal to stop making new appointments in the civil service under the permanent and pension scheme to ensure that public servan...
The Star:
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Dr M: No decision yet on scrapping pension scheme, Govt still looking for best formula
KYOTO (Bernama): The government is looking for the best formula with regard to a proposal to stop making new appointments in the civil service under the pension...
Malaysiakini:
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PM says looking for a 'win-win' in tackling rising pension payouts
Prime Minister Dr Mahathir Mohamad is looking for a win-win solution in tackling the rising pension payouts for retired civil servants.
Free Malaysia Today:
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No decision yet on contract scheme, says Dr M
KYOTO: The government is looking for the best formula with regard to a proposal to stop making new appointments in the civil service under the permanent and pension scheme to ensure that public servan...
Malay Mail:
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Proposed contractual scheme: Govt looking for best way so civil servants won’t lose out
KYOTO (Japan), Sept 7 — The government is looking for the best formula with regard to a proposal to stop making new appointments in the civil service under the permanent and pension scheme to ensure...
Free Malaysia Today:
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Dump civil service contractual scheme idea, PKR MP tells Putrajaya
PETALING JAYA: A PKR MP has urged Putrajaya to dump a proposed contractual scheme to replace the pension scheme for civil servants.
The Star:
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Asian shares see heavy foreign sell-off in Aug as trade war bites
BENGALURU: Foreigners turned net sellers of Asian equities in August as sentiment worsened with the United States and China, after a brief truce, announcing new...
The Star:
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Oil price little changed as US crude stockdraw countered by demand fears
NEW YORK: Oil prices were little changed on Thursday as support from a sharp drawdown in U.S. crude inventories was countered by fears of slowing global demand growth
Malay Mail:
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DPM says proposal to stop pension scheme still under study
KUALA LUMPUR, Sept 5 ― The proposal to terminate the Public Service Pensions Scheme for new appointments from next year is still being studied, said Deputy Prime Minister Datuk Seri Wan Azizah Wan I...
Free Malaysia Today:
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Contractual system to replace pension scheme still under study, says DPM
KUALA LUMPUR: Deputy Prime Minister Dr Wan Azizah Wan Ismail says the proposed contractual scheme to replace the pension scheme for civil servants is still under study.
Free Malaysia Today:
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Contractual system to replace permanent, pension schemes for public service
PUTRAJAYA: From next year onwards, new appointments in the public service will no longer be made under the permanent and pension schemes which will be replaced with an improved contractual scheme, say...
theSun:
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Former manager charged with CBT
KUANTAN: A former manager of a construction company pleaded not guilty in the sessions court here today to criminal breach of trust involving RM31,550 belonging to the company, last year.
The Borneo Post:
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POIC Lahad Datu to receive legal landing place licence – Madius
Madius (second right) at the press conference.
The Star:
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IHH Healthcare posts RM185mil net profit in Q2
KUALA LUMPUR: IHH Healthcare Bhd posted higher earnings in the second quarter ended June 30, supported by contribution from new hospitals.
Tech in Asia:
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What’s next for fintech pioneer Red Dot Payment after its sale to Naspers
If you’ve ever had food delivered from McDonalds or Foodpanda in Singapore or spent a night at an Ascott hotel, there’s a chance that Singapore-headquartered fintech company Red Dot Payment (RDP) ...
Malay Mail:
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Facebook acknowledges flaw in Messenger Kids app
NEW YORK, August 29 — Facebook Inc acknowledged a flaw in its Messenger Kids app, weeks after two US senators raised privacy concerns about the application, and said that it spoke to the US Federal ...
The Star:
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Facebook acknowledges flaw in Messenger Kids app
Facebook Inc acknowledged a flaw in its Messenger Kids app, weeks after two U.S. senators raised privacy concerns about the application, and said that it spoke to the US...
Star TV:
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Najib relieved late DPP Kevin Morais not involved in SRC probe
Former premier Datuk Seri Najib Razak told reporters on Tuesday that he’s relieved the late deputy public prosecutor, Datuk Anthony Kevin Morais, whose body was found in a concrete-filled barrel fou...
Fintech News Malaysia:
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P2P Financing Platform Fundaztic Launches Capital Protection Scheme
Fundaztic a peer to peer (P2P) financing platform approved by the Securities Commission Malaysia announced today the introduction of Principal Protect.
Tech in Asia:
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Singapore-based streetwear marketplace banks $2m in Global Founders-led round
Novelship, a Singapore-based startup operating a marketplace for sneakers and streetwear, has raised US$2.05 million in a seed funding round led by Global Founders Capital, which also backed companies...
Malay Mail:
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Greece fully lifts capital controls imposed during bailout chaos, says PM
ATHENS, Aug 26 — Greece is set to fully lift remaining capital controls, Prime Minister Kyriakos Mitsotakis said in parliament today.
Malay Mail:
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Mohammadin: Irish teen Nora’s tragedy won’t affect tourist arrivals to Malaysia
ALOR SETAR, Aug 24 — Minister of Tourism, Arts and Culture today expressed confidence that the tragedy involving the 15-year-old Irish teenager Nora Anne Quoirin will not affect the number of touris...
The Star:
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Proton launches first 4s centre in Kota Kinabalu
PROTON Holdings Bhd has launched its first 4S (sales, service, spare parts and body and paint services) flagship dealership in Malaysia to meet rising customer demand...
Carlist.my:
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YouTube Joins Waze As Audio Player Partner
Waze today announced that YouTube Music is their newest Audio Player partner.
theSun:
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Mohd Zubil appointed new MMEA director-general
PUTRAJAYA: Malaysian Maritime Enforcement Agency (MMEA) deputy Director-General (Operations) Maritime Vice-Admiral Datuk Mohd Zubil Mat Som has been appointed as the new Director-General of the MMEA, ...
The Borneo Post:
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Mohd Zubil appointed new MMEA Director-General
Home Minister Tan Sri Muhyiddin Yassin (right) together with Home Ministry Secretary-General Datuk Seri Alwi Ibrahim helping Datuk Mohd Zubil Mat Som to pin his new rank as Maritime Admiral in a cerem...
The Star:
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MMEA deputy DG Mohd Zubil appointed to lead agency
PUTRAJAYA (Bernama): Malaysian Maritime Enforcement Agency (MMEA) deputy director-general (operations) Maritime Vice-Admiral Datuk Mohd Zubil Mat Som has been appointed as the new director-general of MMEA effective Aug 19.
Malay Mail:
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Mohd Zubil Mat Som appointed new MMEA D-G
PUTRAJAYA, August 22 — Malaysian Maritime Enforcement Agency (MMEA) Deputy Director-General (Operations) Maritime Vice-Admiral Datuk Mohd Zubil Mat Som has been appointed as the new Director-Genera...
Malay Mail:
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Penang is pushing for highway project to start on Sept 1, says CM
GEORGE TOWN, Aug 20 — Penang Chief Minister Chow Kon Yeow said the state is hoping to push for the first highway project connecting Tun Dr Lim Chong Eu Expressway to Air Itam to start on September 1...
Malay Mail:
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MCA revises redevelopment plan for headquarters, opts for 29-storey building
KUALA LUMPUR, Aug 19 — MCA is believed to be scrapping redevelopment plans for its headquarters on Jalan Ampang, which initially featured a 45-storey building, The Edge Financial Daily reported toda...
EdgeProp.my:
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MCA revises redevelopment plan on HQ land again
THE Malaysian Chinese Association (MCA) is believed to have resubmitted a fresh plan on the redevelopment of its headquarters on Jalan Ampang, which is less than 1km away from the Petronas Twin Towers...
The Edge Markets:
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MCA revises redevelopment plan on HQ land again
THE Malaysian Chinese Association (MCA) is believed to have resubmitted a fresh plan on the redevelopment of its headquarters on Jalan Ampang, which is less than 1km away from the Petronas Twin Towers...
The Star:
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How to be a good stock market investor
MALAYSIA-BASED equity investment research platform and investment training provider, EquitiesTracker Holdings Bhd (ET) is looking to help investors successfully navigate the treacherous path of the stock market.
Free Malaysia Today:
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The hijacking of Malaysia
Soon after Pakatan Harapan (PH) won the 14th general election, I wrote that the three issues that will continue to plague Malaysia will be religion, race and the economy.
The Star:
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Microsoft halts development of Minecraft update
Microsoft has halted development of an ambitious update to Minecraft, after concluding it was technically too complicated,.
The Star:
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Maybulk’s second quarter net loss narrows to RM6.94mil
PETALING JAYA: Malaysian Bulk Carriers Bhd (Maybulk) saw its losses narrowing in the second quarter ended June 30 compared to the same quarter a year ago after dumping its loss-making associate company.
The Edge Markets:
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Maybulk 2Q losses narrow to RM6.94m following disposal of associate
KUALA LUMPUR (Aug 14): Malaysian Bulk Carriers Bhd’s (Maybulk) losses in the second quarter narrowed significantly to RM6.94 million, from RM151.27 million a year earlier, as the group did not have ...
Malay Mail:
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UK stocks rebound as US tariff reprieve eases trade worries
LONDON, Aug 14 ― UK shares bagged gains for the day, reversing earlier losses, after the United States said it would delay tariffs on some Chinese products, offering respite to investors who had bee...
Malay Mail:
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Microsoft halts development of Minecraft update
SAN FRANCISCO, Aug 13 — Microsoft has halted development of an ambitious update to Minecraft, throwing in the towel after concluding it was technically too complicated, according to a blog post by t...
SoyaCincau.com:
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Can your Internet cope with the number of connected devices in your home right now?
This post is brought to you by TIME.
Tech in Asia:
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Myanmar fitness app Flexible Pass raises 6-figure pre-series A funding
Myanmar health and fitness app Flexible Pass has secured a six-digit amount in pre-series A funding from existing investors Yangon Capital Partners, Seed Myanmar, and Nest Tech.
Malay Mail:
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UK shares slip as multiple jitters drive risk aversion
LONDON, Aug 13 — UK shares fell today, as worries over protests in Hong Kong, the US-China trade spat and the health of the British economy continued to fuel a risk-off sentiment, even though travel...
The Star:
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Abam Botak's calling is to help the underprivileged communities in Sandakan
SANDAKAN: Helping out the less fortunate is a calling for Yunizam Yusop, who founded an initiative to provide free hearse van and hospital transport services to underprivileged communities here.
Malay Mail:
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Cathay Pacific shares slump after China cracks down on staff protests
HONG KONG, Aug 12 — Shares in Hong Kong flag carrier Cathay Pacific Airways fell more than 4 per cent in early trade today to close to a 10-year low, after the airline fired staff in response to dem...
Malay Mail:
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Clamour to degazette KL City Plan grows as more parks become skyscrapers
KUALA LUMPUR, Aug 12 — Calls for Federal Territories Minister Khalid Abdul Samad to degazette the Kuala Lumpur City Plan 2020 (KLCP 2020) have grown louder over the last few months.
The Edge Markets:
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PUC proposes second private placement in less than a year
KUALA LUMPUR (Aug 8): PUC Bhd has proposed to raise up to RM15.58 million via a private placement to fund its working capital as well as digital infrastructure design and development for its Presto mo...
Malay Mail:
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Boeing CEO still expects 737 MAX to be cleared to fly this year
NEW YORK, Aug 7 — Boeing’s chief executive reaffirmed today he expects the 737 MAX will be cleared to return to the skies this year, but reiterated the company could further cut production in case...
Malay Mail:
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China’s July forex reserves fall to US$3.104t amid rising trade tensions
BEIJING, Aug 7 — China’s foreign exchange reserves fall by US$15.54 billion (RM65 billion) in July to US$3.104 trillion, central bank data showed today, as the yuan came under pressure amid rising...
EdgeProp.my:
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Masteel's standalone credit profile vulnerable on steel prices fluctuations, MARC says
KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive...
The Edge Markets:
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Masteel's standalone credit profile vulnerable on steel prices fluctuations,...
KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive...
Malay Mail:
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New video game releases: ‘Metal Wolf Chaos XD’, ‘Damsel’ and more
NEW YORK, Aug 5 — Future civilisations meet after centuries apart in strategy game Age of Wonders: Planetfall, the 47th President of the United States climbs into a battle robot in Metal Wolf Chaos ...
Malay Mail:
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Asian shares hit two-month lows as escalating Sino-US trade row unnerves markets
SYDNEY, Aug 5 — Asian shares extended their losses today as a sharp escalation in the Sino-US trade war kept financial markets on edge, while the Japanese yen and bonds held near recent peaks as ner...
SoyaCincau.com:
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The Huawei Mate 30 Pro might come with a larger sensor, faster lens and new video features
For the upcoming Mate 30 Pro, Huawei isn’t just carrying over the same quad-camera setup from the P30 Pro.
Malay Mail:
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The Huawei Mate 30 Pro might come with a larger sensor, faster lens and new video features
KUALA LUMPUR, Aug 2 — For the upcoming Mate 30 Pro, Huawei isn’t just carrying over the same quad-camera setup from the P30 Pro.
The Edge Markets:
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No negative effects from building four littoral mission ships in China -...
KUALA LUMPUR (Aug 1): The government’s decision to build four littoral mission ships (LMS) of the Royal Malaysian Navy (RMN) in China does not bring any negative effects in terms of technology and k...
theSun:
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No negative effects from building four LMSs in China: Defence Ministry
KUALA LUMPUR: The government’s decision to build four littoral mission ships (LMS) of the Royal Malaysian Navy (RMN) in China does not bring any negative effects in terms of technology and knowledge...
Free Malaysia Today:
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Decision to build navy ships in China ‘penny wise, pound foolish’, says Najib
PETALING JAYA: Former prime minister Najib Razak has criticised Putrajaya’s decision to build four littoral mission ships (LMS) in China, describing the government as being “penny wise, pound fool...
The Edge Markets:
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HSBC Amanah bags Deal of the Year at The Asset Triple A Islamic Finance Awards...
KUALA LUMPUR (July 25): HSBC Amanah Malaysia Bhd has bagged the Deal of the Year Award for the world's FIRST United Nations Sustainable Development Goal (SDG) sukuk at The Asset Triple A Islamic Finan...
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Entrepreneur First unveils largest cohort of deep-tech startups
Deep-tech investor Entrepreneur First (EF) completed its fifth Investor Day in Singapore that saw participation from 24 deep-tech companies from around Asia.
The Borneo Post:
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Junz blames previous govt for weaknesses in ministry
Junz KOTA KINABALU: There are weaknesses in the management of Sabah Agriculture and Food Industry Ministry (MAFI). Its minister, Datuk Junz Wong, said since the commencement of his duties, he had no...
The Star:
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Weaknesses inherited by BN state govt, says Sabah Agriculture Minister after 2018 audit report goes viral
KOTA KINABALU: Sabah Agriculture and Food Industry Minister Datuk Junz Wong says he is aware of his ministry's shortcomings after a screen capture of the ministry's 2018 national audit report went viral.
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Liew Vui Keong warns of fake letter seeking donation for single mums
PETALING JAYA: A fake donation letter, supposedly by a civil servants' council claiming Minister in the Prime Minister's Department Datuk Liew Vui Keong is its advisor is making its rounds.
SoyaCincau.com:
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iPhone loyalty at its lowest in 8 years, report claims
Ah, yes. The loyalty we all have to our smartphones—something that cannot be denied, explained, or even altered.
Tech in Asia:
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Indian tea brand Teabox secures investment from NB Ventures, others
Indian premium tea brand Teabox has raised an undisclosed sum of investment from Dubai-based NB Ventures.
The Star:
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Hibiscus unit acquires oilfields
PETALING JAYA: Hibiscus Petroleum Bhd’s indirect wholly owned subsidiary, Anasuria Hibiscus UK Ltd (AHUK), has entered into a conditional non-binding term sheet to acquire Licence P2366 consisting of Blocks 15/18d and 15/19b from United Oil & Gas Plc and Swift Exploration Ltd for US$5mil (RM20.6mil).
PaulTan.org:
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Mazda CX-30, “upgraded” CX-5 coming to Malaysia
During a press conference following the launch of the all-new Mazda 3, Bermaz executive chairman Datuk Seri Ben Yeoh revealed that the CX-30 would be coming to Malaysia, and added that the CX-5 will a...
The Edge Markets:
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Hibiscus Petroleum acquires oil and gas rights in North Sea worth RM21m
KUALA LUMPUR (July 17): Independent oil and gas exploration and production (E&P) company Hibiscus Petroleum Bhd is acquiring oil and gas rights offshore in the United Kingdom sector of the North Sea w...
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Hibiscus expands Anasuria oil and gas production with US$5mil purchase
KUALA LUMPUR: Hibiscus Petroleum Bhd said indirect wholly owned unit Anasuria Hibiscus UK Ltd (AHUK) has agreed to acquire new blocks in the North Sea for US$5mil.
Malay Mail:
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Audit report: Education Ministry urged to conduct holistic assessment of Phase 2 of 1BestariNet
KUALA LUMPUR, July 15 — The Education Ministry has been urged to conduct a holistic assessment of the effectiveness of Phase 2 of the 1BestariNet service project as its implementation was not compre...
Malaysiakini:
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Education Ministry urged to assess second phase of 1BestariNet
AUDIT REPORT | The Education Ministry has been urged to conduct a holistic assessment of the effectiveness of Phase 2 of the 1BestariNet service project as its implementation was not comprehensive.
Malay Mail:
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Sterling stabilises after tough week, economy risks loom
LONDON, July 11 — The pound edged higher today thanks to broad-based dollar weakness, snapping a recent losing streak, though investors remained wary about the British currency’s outlook on growin...
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Quick take: Dialog Group climbs to near nine-month high
KUALA LUMPUR: Shares of Dialog Group Bhd rose to a high of RM3.49 on Thursday, the best performance since October 2018, aided by firmer crude oil prices and recurring income business.
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