PRESS DIGEST - Malaysia - Nov 11

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)

- Parti Keadilan Rakyat (PKR) vice president R. Sivarasa has come under fire from seven of his party members of parliament (MPs) for implying that their party boss Anwar Ibrahim's warning for members to toe the line is directed at Kulim-Bandar Baru member of parliament Zulkifli Noordin.

- Maxis Bhd has set the price of its initial public offering (IPO) shares at 4.75 ringgit each while institutional and cornerstone tranches are at five ringgit per share, which will collectively raise about 11.2 billion ringgit from the listing of 2.25 billion shares on Bursa Malaysia (BMYS.KL).

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

- More than 1.2 million households and business premises in the country will be wired up with optical Fibre to enable them access to mega-speed Internet connection.

BUSINESS TIMES (www.btimes.com.my)

- Southeast Asia's largest initial public offering (IPO) so far, Maxis Bhd, has priced its retail tranche of shares at 4.75 ringgit per share, representing a five percent discount to the institutional price, set at five ringgit, to raise some 11.2 billion ringgit.

- Bursa Malaysia (BMYS.KL) is looking to offer the rebates to futures brokers in an effort to generate more liquidity in the local derivatives market, Bursa Malaysia acting general manager K. Sree Kumar said.

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

- CIMB Group Holdings Bhd's (CIMB.KL) net profit for its third quarter ended September 30, 2009 rose 62 percent year-on-year to 726.8 million ringgit, while revenue grew 65.5 percent to 2.79 billion ringgit on the back of improved performance for the majority of its divisions and for its operations in Indonesia.

- Scomi Engineering Bhd (SMNG.KL) and its Brazilian partner CR Al-meida SA Engenharia De Obras have made it past the pre-qualification stage of the $1.35 billion (4.56 billion ringgit) Sao Paulo monorial job in Brazil, Scomi International Pte Ltd's president Kanesan Velipillai said.

THE MALAYSIAN RESERVES (www.themalaysianreserve.com)

- The government hopes China's President Hu Jintao's visit to Malaysia will further promote investments to the country from China, International Trade and Industry Minister Mustapa Mohamed said.

THE SUN (www.sun2surf.com)

- More than 11,000 households on Tuesday petitioned the mayor to stop the closure of a road which partially sits on land belonging to Bandar Utama City Corporation.

- Out of the 100,000 people who have gone to the Credit Counselling and Debt Management Agency for counselling, about 35,000 with a total loan amount of 1.9 billion ringgit have been assisted by the agency through its debt management programme.

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($1=3.400 Malaysian Ringgit)