DOCSLIB.ORG

Weekly Strategy

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Weekly Strategy Monday, July 16, 2018 FBMKLCI: 1, 721 .93 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* WWeeeekkllyy SSttrraatteeggyy Market View, News in Brief: Corporate, Economy, and Share Buybacks Kaladher Govindan Tel: +603-2167 9609 [email protected] www.taonline.com.my Market View Temporary Easing of Trade Tension Provides Trading Opportunities The local benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) staged a strong comeback last week, helped by optimism stronger-than-expected US June employment data will boost corporate earnings, dovish statement from Bank Negara which left interest rates unchanged, and reducing trade war tensions despite the US threatening more tariffs on another USD200bn of Chinese imports. Key banking and utility heavyweights were the major beneficiaries as investors returned back to the market. For the week, the FBM KLCI surged 58.07 points, or 3.5 percent to 1,721.93, as Petronas Gas (+RM1.28), HLFG (+RM1.02), Petronas Dagangan (+86sen), Hong Leong Bank (+70sen), Maybank (+54sen), Public Bank (+48sen) and CIMB (+41sen) contribute most of the gains. Average daily traded volume and value last week recovered to 2.41 billion shares worth RM2.33 billion, compared to 2.01 billion shares and RM1.67 billion respectively the previous week. The local market took it in stride when the US president announced 10% tariff on USD200bn worth of Chinese imports last Tuesday and rallied in the last two trading days of the week. While Bank Negara’s dovish statement was interpreted as sustained monetary accommodation and helped put the wind in sail, the single largest contributor for the rally could have been the absence of China’s immediate retaliation to US’ additional USD200bn import tariff, which could take effect as early as next month, and willingness of the world’s two largest economies to go back to the discussion table to find a solution to their trade disputes. In hindsight, one should know China’s delayed reaction to Trump’s additional tariff need not necessarily be construed as willingness to compromise as it does not have equivalent worth of imports from the US to engage on an immediate tit-for-tat action. In 2017, China imported only USD130bn worth of products from the US versus the latter’s USD505bn. Thus, the retaliation will no longer be straightforward but may evolve into other forms such as stringent enforcement of rules and regulations on US businesses already invested in China, devaluing its currency or pairing down its holdings in US treasury. Nevertheless, news that German automaker BMW taking majority ownership in its Chinese automotive venture and Tesla will be building its first factory outside the US in China sent a strong message that the world’s second largest economy is serious about opening up its economy. On the other hand, the US’ decision to relent to President Xi Jinping’s request to lift the ban on China’s ZTE Corp. after imposing a USD1.4bn penalty can be viewed as a conciliatory approach by some, which could extend the current relief rally in the global equity markets. Page 1 of 9 16-Jul-18 However, investors should not throw caution to the wind as this trade war is likely to prolong and China’s trade data for June, which was released last Friday, doesn’t make it easy as its surplus of USD29bn was the highest ever with the US for any single month. Total surplus stood at USD41.6bn, much higher than consensus estimate of USD27.7bn. It could be driven by exporters’ front loading their shipments ahead of import tariffs that took effect on 6 th July. Looking ahead focus could shift to China’s second quarter GDP, industrial production and retail sales data for June that will be released today. At 6.7% YoY, consensus GDP forecast is pointing to a slight weakening versus 6.8% YoY in 1Q18, which is understandable due to government crackdown on riskier investments. On the other hand, the US beige book that will be released this Thursday could provide some anecdotal information on current economic conditions in the world’s largest economy. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA S ECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 207 2 1277 Fax: 603 – 203 2 5048 www.ta.com.my Page 2 of 9 16-Jul-18 News In Brief Corporate Prasarana Malaysia Bhd will abide by the Ministry of Finance (MoF) instructions on the cost reduction for the light rail transit line 3 project . The state-owned transportation company said it was currently awaiting instructions from the MoF for the rigorous and comprehensive cost rationalisation to be approved. (Bernama) The Real Estate and Housing Developers´ Association Malaysia Institute has proposed affordable housing price thresholds in Peninsular Malaysia , with residential units in Kuala Lumpur and the Klang Valley topping the list at RM500,000. (Bernama) The Ministry of Communications and Multimedia Malaysia is studying the direct telecast of English Premier League (EPL) football matches on Radio Television Malaysia (RTM) in future . Minister Gobind Singh Deo said that this is something that was brought to the ministry’s attention, but not for this year and next year because it may incur massive funds, but in future years. (Bernama) Comment: We view this as a short-term reprieve for Astro. To recap, one of the Pakatan Harapan government’s proposal in its manifesto include to offer free broadcasts via RTM of all major sports leagues around the world, including the EPL. As before, we view that the availability of major sporting events on RTM’s channels for free could diminish the appeal of subscribing to Astro’s sports packages resulting in downside to its ARPU, subscriber base and adex. Astro’s broadcasting rights for the EPL will end after the 2018/2019 season. Maintain Hold (RM1.65/share). Scientex Bhd is targeting to deliver 50,000 units of affordable homes nationwide by 2028, said its managing director Lim Peng Jin. To date, Scientex’s property division has delivered nearly 16,400 affordable homes priced below RM500,000 nationwide, of which some 70% are priced below RM200,000. (The Edge) Comment: This comes as no surprise as currently Scientex has an on-going project worth Gross Development Value (GDV) of RM1.4bn and lands for future development worth about GDV of RM9.0bn to be used in the next eight to ten years. Note that as of 9MFY18, the group recorded property sales of RM413.8mn. Moving forward, we project Scientex to achieve an average annual unbilled sales of RM650.0mn between FY18-FY20. Management guided that the group will continue to focus on the affordable housing segment as it has been achieving high take up rate of between 80% and 90% in the past projects and seeing continuous demands for this housing category. Maintain our Sell call on Scientex with unchanged target price of RM7.00/share based on CY19 EPS. IHH Healthcare Bhd has entered into a share subscription agreement with Fortis Healthcare Ltd (Fortis), as issuer, for the proposed subscription of 235.3mn new Fortis shares by way of preferential allotment representing approximately 31.1% of the total voting equity share capital of Fortis on a fully diluted basis for a total consideration of INR 4,000 crore (RM2.3bn), at a share price of INR 170 (equivalent to RM9.98). (Bursa Malaysia) Axiata Group Bhd ’s wholly owned unit Axiata Investments (Labuan) Ltd (AIL) has entered into an agreement with Adnan Asdar Ali for the divestment of AIL’s 89% stake in Multinet Pakistan Pte Ltd for US$1 on a cash-free and debt-free basis. (The Star) Page 3 of 9 16-Jul-18 Digi.Com Bhd ’s 2QFY18 net profit was flat YoY at RM359mn on a pre -MFRS 15 basis. Service revenue grew 2.1% YoY to RM1,484mn anchored by solid postpaid and internet revenue growth. A second interim dividend of 4.9sen per share was announced. (Bursa Malaysia) Malaysia Airports Holdings Bhd expects to conclude the disposal of its stake in GMR Hyderabad International Airport Ltd in India by the end of this year. (The Star) Matrix Concepts Holdings Bhd 's wholly-owned subsidiaries, BSS Development Sdn Bhd and Matrix Concepts Sdn Bhd, have proposed to dispose of properties in Seremban, Negeri Sembilan worth RM3.7mn. (Bernama) JAKS Resources Bhd is appealing the High Court's decision ordering the release of a RM50.0mn bank guarantee to Star Media Group Bhd . (The Edge) Bintai Kinden Corporatoin Bhd has secured a RM50.5mn contract from Tenaga Nasional Berhad to be the contractor to undertake the establishment of the new 132kV GIS switching station in Selangor. (Bursa Malaysia) Page 4 of 9 16-Jul-18 News In Brief Economy Malaysia Association Seeks SST Exemption on Investment Metals The Malaysia Gold Association wants investment precious metals (IPMs) and jewelleries to be exempted from the soon-to-be implemented sales and services tax (SST). Honorary secretary Datuk Louis Ng Chun Hau said the association’s representatives have met with the Finance Ministry and Customs Department officials recently to give their views on the matter but no decision was reached.
Load more

Recommended publications
  • Growth and Inclusion 25 – 26 September 2015, Penang, Malaysia
    Draft Program Progressive Alliance Seminar: Growth and Inclusion 25 – 26 September 2015, Penang, Malaysia Friday, 25 September 2015 Venue: Rasa Sayang Resort & Spa, Penang Batu Ferringhi Beach, Penang 11100, Malaysia 08:00 hrs Registration 09:00 hrs Steering Committee Venue: Room Sayang 1 & 2 Interested parties can send a delegate to the Steering Committee. The Steering Committee prepares and discusses the conference and resolutions as well as the upcoming activities of the Progressive Alliance. Chaired by Konstantin Woinoff, Coordinator, Progressive Alliance 10:00 hrs Coffee Break Page 2 10:30 hrs Parallel Workshops Workshop 1: Progressive Campaigning Venue: Room Sayang 1 & 2 . Margiyono Darsasumarja, NASDEM Party Indonesia . Marije Laffeber, Deputy Secretary General, Party of European Socialists (PES) . Chan Foong Hin, State Legislative Assemblyperson, Democratic Action Party (DAP), Malaysia Moderator: Howard Lee, State Legislative Assemblyperson, Democratic Action Party (DAP), Malaysia Workshop 2: Developing Situation in Asian Countries Venue: Ballroom . Amuda Shrestha, Nepali Women Association, Nepal: Nepal after the earthquake . Park Ae Joo, Chief of International Relations Bureau, New Politics Alliance for Democracy, South Korea: The Challenges Ahead of Korean Parliamentary Elections in 2015 . Hiroyasu Higuchi, General Manager of international Department, Democratic Party, Japan: Recent Developments in Japanese politics . Jose Teixeira, MP, FRETILIN, East-Timor: Challenges for the center left in East Timor Moderator: Machris Cabreros,
    [Show full text]
  • Selangorkini Jun 4 2012
    Penggerak Kemajuan Saksama PERCUMASelangor 15 - 22 Jun 2012, 25 Rejab - 2 Syaaban1433 Kini Notis 5A: Penerima Jangan rasuah jika OKU gembira gembira hajat ibu bapa gagal dapat lesen terima bantuan tertunai mesin jahit muka 14 muka 5 muka 10 DEMAM BOLA... Exco Selangor, Dr Ahmad Yunus Hairi (berbaju kuning, berkaca mata) turut berkongsi kemeriahan menyaksi- kan perlawanan EURO 2012 antara pasukan England dan Perancis di Restoran Hakim Seksyen 7. Restoran ini merupakan salah satu lokasi daripada 10 tempat yang dipilih bagi sesi tontonan yang akan diadakan di sekitar Shah Alam sempena pertandingan piala itu. Sesi ‘Tayangan Wajib Tonton EURO 2012’, dianjurkan Pengerak Belia Tempatan Shah Alam ber- sama Pejabat Exco Adat Resam Melayu, Belia dan Sukan. Selain menonton perlawanan, pengunjung juga berpeluang menyertai pelbagai pertandingan seperti timbang bola, tendangan penalti dan cabutan bertuah Struktur semula cara terbaik urus air, bukan Langat 2 Oleh SHERIDAN MAHAVERA pada pengguna. biran Umno-BN, harga air bersih Fakta di atas merupakan ke- Klang, Charles Santiago dan Ahli Menurut Unit Perancangan mampu melonjak sebanyak 78 simpulan yang boleh diambil da- Parlimen Petaling Jaya Utara, SHAH ALAM - Penstrukturan Ekonomi Negeri (Upen), pen- peratus. ripada Forum Air Selangor pada Tony Pua. semula industri air Selangor strukturan semula akan memas- Tambah lagi, jika penstruk- 12 Jun di Shah Alam. Seorang jurutera dari Coali- merupakan cara terbaik untuk tikan bekalan mencukupi dan turan tidak berlaku dan pro- Forum sehari itu memperli- tion for Sustainable Water Ma- memastikan bekalan air bersih di kadar air tidak berhasil (non- jek mega Langat 2 dibina oleh hatkan pakar industri air terma- nagement (CSWM), Dr Lee Jin Lembah Klang mencukupi untuk revenue water) iaitu, air bersih Umno-BN, harga air mampu me- suk agensi Selangor seperti Lem- mendedahkan laporan yang di- rakyat Selangor pada harga yang yang dibazirkan melalui sistem lonjak sebanyak 100 peratus.
    [Show full text]
  • HRP Kepada Pakatan: Beri Kami 15 Kerusi Parlimen Malaysiakini.Com Disember 19, 2010 Parti Pelampau
    HRP kepada Pakatan: Beri kami 15 kerusi parlimen Malaysiakini.com Disember 19, 2010 Parti pelampau - Hindraf-Parti Hak Asasi Manusia (HRP) telah memberi kata dua kepada Pakatan Rakyat supaya memberi laluan kepada parti kaum India itu bertanding satu lawan satu dengan BN di 15 kerusi parlimen dan 38 kerusi negeri dalam pilihanraya umum akan datang. hindraf book launch 191210 uthayakumar with recent letter to PKRDalam surat yang dihantar hari ini kepada ketua umum PKR Datuk Seri Anwar Ibrahim, penasihat DAP Lim Kit Siang dan presiden PAS Datuk Seri Hadi Awang, setiausaha agung penaja HRP, P Uthayakumar berkata jika Pakatan tidak memenuhi permintaan parti itu, gabungan itu akan berdepan dengan pertandingan tiga penjuru di kawasan berkenaan. Sebagai ganjaran tidak bertanding, menjanji sokongan dan menyediakan bantuan jentera kepada HRP, Pakatan akan mendapatkan "sokongan tidak berbelah bagi dan kerjasama di semua 207 kerusi parlimen dan 538 kerusi DUN untuk memenangi semula sokongan pengundi India. Beliau berkata, pihaknya telah menyokong (Pakatan) dalam pilihanraya umum ke-12, dan sekarang "kami meminta anda membalas budi itu." Uthayakumar berkata, pihak berharap Pakatan tidak akan meletak calon di kawasan berkenaan sehingga menyebabkan berlakunya pertandingan tinga penjuru "menentang musuh politik bersama kita (Umno-BN). Dikehendaki: Ijok, Lembah Pantai, Padang Serai Bercakap dalam satu sidang akhbar di ibupejabat HRP di di Bangsar, Kuala Lumpur, Uthayakumar berkata bahawa kerusi yang dipilih itu mempunyai jumlah besar pengundi India, termasuk kerusi yang kini diwakili wakil rakyat PKR seperti Padang Serai di Kedah, Ipoh di Perak Barat, Kota Raja di Selangor dan Lembah Pantai di Kuala Lumpur. ijok revisit 220807 school boyMereka juga berminat dengan kerusi parlimen Sungei Siput, Perak, yang kini diwakili oleh anggota jawatankuasa pusat PSM, Dr D Jeyakumar.
    [Show full text]
  • Racialdiscriminationreport We
    TABLE OF CONTENTS Glossary ............................................................................................................................................................................ 1 Executive Summary...................................................................................................................................................... 3 Definition of Racial Discrimination......................................................................................................................... 4 Racial Discrimination in Malaysia Today................................................................................................................. 5 Efforts to Promote National Unity in Malaysia in 2018................................................................................... 6 Incidences of Racial Discrimination in Malaysia in 2018 1. Racial Politics and Race-based Party Politics........................................................................................ 16 2. Groups, Agencies and Individuals that use Provocative Racial and Religious Sentiments.. 21 3. Racism in the Education Sector................................................................................................................. 24 4. Racial Discrimination in Other Sectors................................................................................................... 25 5. Racism in social media among Malaysians........................................................................................... 26 6. Xenophobic
    [Show full text]
  • Proposal to Add Conditions, Raise Levy Would Increase Costs Instead Of
    INSIDE page TELLING IT AS IT IS Year-end celebrations 3 expected to be muffled page Cops: No Covid outbreak 4 among Genting staff ON WEDNESDAY DECEMBER 16, 2020 No. 7682 PP 2644/12/2012 (031195) www.thesundaily.my ON HIGH ALERT ... A soldier and a Felda auxiliary police canine tracker unit patrol a beach yesterday during an operation to check on illegal immigrants and encroachment in Tanjung Batu, Sarawak. – BERNAMAPIX Foreign labour blunder █ BY ALISHA NUR MOHD NOOR demand for migrant workers. [email protected] The Malaysian Trades Union Congress oExperts: Proposal to add conditions, raise (MTUC) and MEF also agreed that instead of ETALING JAYA: Two proposals – one to raising the levy, the government should focus impose new conditions on the levy would increase costs instead of solve on “trimming the fat” in the migrant workforce, recruitment of foreign workers and and that means deporting “unnecessary” another to raise the levy on them – have migrant worker issue workers rather than holding them at detention Pbeen quickly shot down by stakeholders and centres. experts. These “unnecessary” workers are Rather than helping to solve the labour infrastructure development. Federation of Malaysian Manufacturers (FMM) presumably the undocumented ones who, problem in Malaysia, they will only increase However, according to the Malaysian president Tan Sri Yong Poh Kon to gradually according to MTUC president Datuk Abdul costs to businesses and even disrupt supply Employers Federation (MEF), the knock-on raise the levy on each foreign worker from Halim Mansor, currently numbered around chains, both of which are unaffordable, effect of higher levies, from runaway cost RM150 currently to as high as RM430.
    [Show full text]
  • Framing Interethnic Conflict in Malaysia: a Comparative Analysis of Newspaper Coverage on the Hindu Rights Action Force (Hindraf)
    International Journal of Communication 6 (2012), 166–189 1932–8036/20120166 Framing Interethnic Conflict in Malaysia: A Comparative Analysis of Newspaper Coverage on the Hindu Rights Action Force (Hindraf) LAI FONG YANG Taylor's University Malaysia MD SIDIN AHMAD ISHAK University of Malaya, Kuala Lumpur Despite repeated warnings from the Malaysian government, the Hindu Rights Action Force (Hindraf) rally drew thousands of Indians protesting on the streets of Kuala Lumpur on November 25, 2007. Mistreatment of Indians and lack of press coverage of their plight had been commonplace for years. By employing framing as the theoretical framework and content analysis as the research method, this study examines what perspectives newspapers have created that influence citizens’ understanding of the Hindraf movement. Three mainstream newspapers were found to focus on the conflict frame, and their representation of Hindraf articulated a hegemonic discourse that was prejudicial to the interests of the group and contrary to a spirit of democratic inquiry. The dissimilar coverage of the same issue by the alternative newspaper denoted that publication’s varied points of view, which were rooted in different political beliefs, cultural assumptions and institutional practices. Introduction Since gaining independence in 1957, the Malaysian government has viewed interethnic relations as a real challenge to the social stability of the country (Abdul Rahman, 2000; Baharuddin, 2005; Brown, 1994). As early as 1970, Mahathir Mohamad, who was then a medical doctor and later became the fourth and longest-serving prime minister of Malaysia, claimed that there was never true racial harmony in Malaysia. In his much-debated and once-banned book, The Malay Dilemma, he argued that although there was a certain amount of tolerance and accommodation, racial harmony in Malaysia was neither real nor Lai Fong Yang: [email protected] Md Sidin Ahmadd Ishak: [email protected] Date submitted: 2011–06–03 Copyright © 2012 (Lai Fong Yang & Md Sidin Ahmad Ishak).
    [Show full text]
  • Perceptions and Practice of Human Security in Malaysia
    Human Security in Practice: East Asian Experiences Perceptions and Practice of Human Security in Malaysia Benny Teh Cheng Guan and Ngu Ik Tien No. 134 September 2016 0 This paper was prepared as part of a research project on “Human Security in Practice: East Asian Experiences,” organized by the Japan International Cooperation Agency Research Institute (JICA-RI). Use and dissemination of this working paper is encouraged; however, the JICA Research Institute requests due acknowledgement and a copy of any publication for which this working paper has provided input. The views expressed in this paper are those of the author(s) and do not necessarily represent the official positions of either the JICA Research Institute or JICA. JICA Research Institute 10-5 Ichigaya Honmura-cho Shinjuku-ku Tokyo 162-8433 JAPAN TEL: +81-3-3269-3374 FAX: +81-3-3269-2054 Perceptions and Practice of Human Security in Malaysia Benny Teh Cheng Guan and Ngu Ik Tien† Abstract This paper discusses the understanding of human security in Malaysia. As the country prepares to achieve its vision of becoming a developed nation by 2020, exposure to the forces of globalization and integration into the international economy and the ASEAN community have on the one hand improved the economic standing of the country and its people while on the other hand exposed Malaysian society to a range of downside risks or threats that could undermine the past achievements of programs for human development. The paper covers three main areas. Firstly, we deliberate on the notion of human security from international and regional standpoints before explaining differential interpretations and understandings of the term at national and local levels.
    [Show full text]
  • Azmin Anggap Parti Selain BN, PKR Pengacau Undi
    Headline Azmin anggap parti selain BN, PKR pengacau undi MediaTitle Berita Harian Date 02 May 2018 Color Full Color Section Nasional Circulation 125,514 Page No 18 Readership 947,000 Language Malay ArticleSize 248 cm² Journalist N/A AdValue RM 8,516 Frequency Daily PR Value RM 25,548 Azminanggapparti selain BN, PKR pengacau undi Pelabuhan Klang: Timbalan Pre- lambangPKR, logomata. Klang, Charles Santiagodan calon bentuk kerajaan. ini sudah muak dengan mainan siden PKR, Datuk Seri Mohamed “Kalauada yang lain masuk, ja- DUN Pelabuhan Klang,Azmizam “Merekaboleh cakap apa yang politik, adu domba, mainan politik Azmin Ali, menyifatkan parti ngan bimbang, itu pengacausa- Zaman Huri. merekasuka, tetapi hakikatnya keluarga nak menaikkan kroni,” yang bertanding pada Pilihan Ra- haja. Dia nak kacausahaja,mana rakyat di Selangor lebih bijak me- katanya. ya Umum Ke-14 (PRU-14), selain boleh? Cukuplah. Azmin yakin jadi nilai. Barisan Nasional (BN) dan pa- “Kuasa dalam tangankita. Kita Menteri Dalam Negeri “PAS sudah masuk dalam pilihan PASselar kenyataan, katan pembangkang, sebagai pe- nak pilih bukan kerana dia kawan, Dalam ucapan itu, Azmin berkata, raya sebelummerdeka lagi,sejak tuduhan Azmin ngacauundi. bukan kerana dia sahabat kita du- beliauakanmenjadi Menteri Da- pilihan raya pertama pada 1955. Roslan Shahirturut menempelak Beliauberkata,hanya BN dan lu, tidak. Kita hendak pilih sebab lam Negeri jikapakatan pembang- “Kita bertanding di sini walau- Azmin yang menuduh PASber- pakatan pembangkang sahaja wakil dan parti itu boleh bentuk kang berjaya membentuk Keraja- pun ketikaitu hilang wang per- main mata dengan UMNO.Kata- yang serius bertandingpada PRU- kerajaan. Betul atautidak?” ka- an Persekutuanselepas 9Mei ini. taruhan. Kita terus bertanding se- nya, PASbertanding di semua ke- 14, serta mampumembentuk ke- tanya.
    [Show full text]
  • February 11, 2016 the Honorable Mr. Barack Obama President of The
    February 11, 2016 The Honorable Mr. Barack Obama President of the United States of America The White House 1600 Pennsylvania Avenue, NW Washington, DC 20500 Dear Mr. President, As members of parliament from Southeast Asia, dedicated to the promotion and protection of human rights, we write to express our desire for you to make discussion of human rights and the democratic aspirations of the people of ASEAN a priority during the upcoming summit at the Sunnylands estate in California on 15-16 February 2016. As you are surely aware, democracy is struggling in Southeast Asia. Many countries in our region have taken dramatic steps backward in the past two years. While Southeast Asia appeared to be on the cusp of a genuine political transformation only a few years ago, more recently the region has instead witnessed military takeovers, the rollback of fundamental rights, intensifying government-sponsored discrimination against ethnic and religious minorities, and the increasing persecution of activists and opposition voices, including fellow parliamentarians. These setbacks constitute a fundamental threat to the future of the ASEAN Community and the US relationship with it. While we recognize and understand your administration’s desire to strengthen trade and security cooperation with Southeast Asian governments, we urge you to proceed with caution. Human rights, democracy, and basic dignity cannot take a backseat to economic or security prerogatives. Open dialogue on fundamental political and rights-based questions is vital to ensuring the sustainability of bilateral relationships and promoting broad-based benefits of trans-Pacific cooperation. When you sit down with ASEAN leaders in California, we urge you to press them on unfulfilled human rights commitments and to directly raise specific concerns with them.
    [Show full text]
  • DAP Wants Action Over TV1's Pakatan-Apostasy Link The
    DAP wants action over TV1’s Pakatan-apostasy link The Malaysian Insider August 28, 2011 By Shazwan Mustafa Kamal KUALA LUMPUR, Aug 28 — The DAP has demanded the government punish those responsible for airing a report on TV1 allegedly linking a Facebook group promoting apostasy among Muslims to Pakatan Rakyat (PR) leaders. During the 8pm prime-time news last night, the state television channel reported the existence of a “Murtads in Malaysia and Singapore” Facebook group, and had linked PR leaders such as Tan Kok Wai, Charles Santiago, Dr Boo Cheng Hau, Ean Yong Hian Wah to the online group. The news report also claimed Parti Sosialis Malaysia (PSM) chairman Dr Nasir Hashim was a supporter of the group. DAP national publicity secretary Tony Pua (picture) said that the onus was on Minister of Information, Communications and Culture Datuk Seri Dr Rais Yatim to ensure that those responsible for airing the news would be sacked immediately. “TV1 was completely unethical in its reporting by not first verifying the above information with the relevant people who were “implicated” by the Facebook page, especially since they were Pakatan Rakyat leaders who were easily accessible. “TV1 either were too ignorant to know, or did not want to know the fact that the “add to group” function in Facebook is such that you cannot prevent a group administrator from adding you toany group. There is no requirement to secure one’s permission or approval for adding a Facebook member to a Group...Therefore all of the accused “supporters” of the Facebook page did not intend to, or never knew they had “joined” the Group,” Pua said in a strongly-worded statement today.
    [Show full text]
  • Who Is Charles Santiago?
    Who is Charles Santiago? Personal Information • Born: Kuala Lumpur, 1 November 1960 (48 years old) • Family: Living in Kuala Lumpur, Petaling Jaya & Klang • Family Background: Mr. R. Santiago (Father)/ Mother Deceased ; 1 elder sister (interior designer, living overseas); 2 younger sisters (advocates & solicitors) • Married to: Pathma Krishnan (MA Int'l Management & Finance, Hamline University, MN, US) Party Affiliation Party: DAP - Democratic Action Party Contesting: Parliament Klang – Pelabuhan Klang, Pandamaran, Kota Alam Shah 1 Educational Background M.A. Economics, Graduate Faculty of Political and Social Science, New School for Social Research; New York, NY, May 1994 B.A Liberal Arts (Economics and Political), Eugene Lang College, New School for Social Research; New York, NY, May 1988 Primary/Secondary/High School, La Salle School Brickfields, Kuala Lumpur and La Salle School, Petaling Jaya, Selangor Areas of Interest and Research State and Industrialization, International Financial Institutions, Globalization, Trade, ASEAN Free Trade Area (AFTA); and Asia-Europe Trade and security issues; General Agreement on Trade in Services (GATS) and its impact on development of Third World countries. Scholarship and Research Grants Transnational Institute Research Grant (Dec 1999 – August 2000). The grant was provided to facilitate the research and writing on trade and investment relationship between Malaysia and the European Union. Tran- snational Institute is an academic research center based in the Netherlands. University Malaya Institut Pengajian Tinggi Research Grant (Jan 1995 – August 1995). This grant provided support for research on the impact of technology on the Malaysian economy. New School Prize Fellow (Fall 1988 – Spring 1992). The university gives this scholarship to promising and distinguished incoming students for a period of three years.
    [Show full text]
  • Sexual Orientation and Gender Identity Or Expression
    Country Policy and Information Note Malaysia: Sexual orientation and gender identity or expression Version 1.0 June 2020 Preface Purpose This note provides country of origin information (COI) and analysis of COI for use by Home Office decision makers handling particular types of protection and human rights claims (as set out in the Introduction section). It is not intended to be an exhaustive survey of a particular subject or theme. It is split into two main sections: (1) analysis and assessment of COI and other evidence; and (2) COI. These are explained in more detail below. Assessment This section analyses the evidence relevant to this note – i.e. the COI section; refugee/human rights laws and policies; and applicable caselaw – by describing this and its inter-relationships, and provides an assessment of, in general, whether one or more of the following applies: • A person is reasonably likely to face a real risk of persecution or serious harm • The general humanitarian situation is so severe as to breach Article 15(b) of European Council Directive 2004/83/EC (the Qualification Directive) / Article 3 of the European Convention on Human Rights as transposed in paragraph 339C and 339CA(iii) of the Immigration Rules • The security situation presents a real risk to a civilian’s life or person such that it would breach Article 15(c) of the Qualification Directive as transposed in paragraph 339C and 339CA(iv) of the Immigration Rules • A person is able to obtain protection from the state (or quasi state bodies) • A person is reasonably able to relocate within a country or territory • A claim is likely to justify granting asylum, humanitarian protection or other form of leave, and • If a claim is refused, it is likely or unlikely to be certifiable as ‘clearly unfounded’ under section 94 of the Nationality, Immigration and Asylum Act 2002.
    [Show full text]