PRESS DIGEST - Malaysia - Oct 5

Following are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE STAR (www.thestar.com.my)

- AirAsia Bhd (AIRA.KL) has received the nod from Airbus SAS to delay delivery of eight A320-200 aircraft originally scheduled for 2011, AirAsia group chief executive officer Tony fernandes said.

NEW STRAITS TIMES (www.nst.com.my)

- Malaysian Chinese Association (MCA) president Ong Tee Keat is concerned that people are making illegal betsg on the outcome of the party's extraordinary general meeting (EGM) on October 10 where he is seeking to suspend his deputy.

BUSINESS TIMES (www.btimes.com.my)

- Proton Holdings Bhd PROT.KL does not need a foreign partner to survive, its chairman Mohd Nadzmi Mohd Salleh said, stressing that it still has the upper hand in any collaboration talks.

THE EDGE FINANCIAL DAILY (www.theedgedaily.com.my)

- Initial public offerings (IPO) in key markets worldwide may be hampered by the current correction in equities, picky investors and high valuations, but the Malaysian bourse could still see some action from new listings by the year-end.

THE MALAYSIAN RESERVE (www.themalaysianreserve.com)

- DiGi.Com Bhd (DSOM.KL) may consider returning excess cash to shareholders as an option to optimise its balance sheet, its chief executive officer, Johan Dennelind said.

THE SUN (www.sun2surf.com)

- National carmaker, Proton Holdings Bhd PROT.KL, wants to build upon the Lotus brand and return its lost glory by introducing new car models, its group managing director Syed Zainal Abidin Syed Mohamed Tahir said. ** Looking for more information from local sources? Reuters Business Briefing has 13 Malaysian sources including Business Times Malaysia. For details of the product please call your local help desk (PHONE/HELP). ($1=3.459 Malaysian Ringgit) ((Kuala Lumpur newsroom, +60 3 2333 8046; fax +60 3 2072-6752, areuters@gmail.com)) ($1=3.464 Malaysian Ringgit)