PRESS DIGEST - Malaysia - Nov 19

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

ALL NEWSPAPERS

- To tighten his grip and to stem dissent, Malaysian Chinese Association (MCA) president Ong Tee Keat removed nine leaders aligned to vice-president Liow Tiong Lai by reshuffling the party's powerful presidential council.

THE STAR (www.thestar.com.my)

- The Malaysian Chinese Association (MCA) central committee has rejected the proposed second extraordinary general meeting (EGM) on November 28.

- Bursa Malaysia Bhd (BMYS.KL) chief executive officer Yusli Mohamed Yusoff says dual listings of large companies are not uncommon, especially as they grow and expand beyond the country in which they are based or are originally from because a listing in another stock exchange may be important for business purposes.

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

- Malaysia has identified South Sulawesi as the country's new rice bowl area where it hopes to tap this Indonesian province's resources and availability of land, Prime Minister Najib Razak said.

BUSINESS TIMES (www.btimes.com.my)

- YTL Corp Bhd (YTLS.KL) plans to streamline 8 billion ringgit ($2.38 billion) worth of hotels and retail malls it controls in Asia-Pacific into two specialised real estate investment trusts (REITs) in Singapore and Malaysia, YTL Corp managing director Francis Yeoh said.

- New airlines flying into three main airports in Malaysia will receive an incentive payment of 10 ringgit for each inbound international passenger in their first year, Malaysia Airports Holdings Bhd (MAHB.KL) managing director Bashir Ahmad said.

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

- All eyes will be on Malaysia's top mobile operator Maxis Bhd's (MXSC.KL) debut on Bursa Malaysia today (Thursday), but rationality is expected to prevail among investors in pricing the stock.

THE MALAYSIAN RESERVE (www.themalaysianreserve.com)

- With no signs of asset price inflation, it is still early for Malaysia to have an exit strategy on its pump priming, said the World Bank's chief economist for East Asia and Pacific region, Vikram Nehru.

THE SUN (www.sun2surf.com)

- With unrelenting increases in energy demand and taking the cue from Asean's single economic community by 2015, the 10 Asean members should go for an intergrated energy market, Petronas president Mohd Hassan Marican said.

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($1=3.400 Malaysian Ringgit)