PRESS DIGEST - Malaysia - Feb 10

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

ALL NEWSPAPERS

- The appointment of Zambry Abdul Kadir as chief minister by the Sultan of Perak was constitutionally correct, the Federal Court declared in an unanimous decision on Tuesday.

THE STAR (www.thestar.com.my)

- GIIG Holdings Sdn Bhd, a company controlled by billionaire Syed Mokhtar Al-Bukhary, and Aluminium Corp of China Ltd (Chalco), the world's second largest producer of alumina, have teamed up to jointly develop an aluminium smelter plant in Samalaju Industrial Park in Bintulu, Sarawak at the cost of $1 billion (3.43 billion ringgit), GIIG Holdings director Shahrir Shariff said.

- Bank Negara is believed to have rejected Mulpha International Bhd's (MITC.KL) application to commence talks with EON Capital Bhd EONP.KL to acquire a stake in EON Capital Bhd, sources said.

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

- The Federal Court in favour of Zambry Abdul Kadir should put an end to the issue of the rightful menteri besar of Perak, said Prime Minister Najib Razak on Tuesday.

BUSINESS TIMES (www.btimes.com.my)

- After 15 years at the helm of Malaysia's biggest company, Mohd Hassan Marican was given a rousing send-off by thousands of Petroliam Nasional Bhd (Petronas) PETR.UL staff at its headquarters in Kuala Lumpur on Tuesday.

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

- Hong Leong group's Tasek Corporation Bhd (TKCS.KL), which was the subject of a failed takeover exercise in December 2008, is proposing cash distribution of up to 102.97 million ringgit or 63 cent a share to all its shareholders, including those holdings preference shares, Tasek Corp said in a statement.

THE MALAYSIA RESERVE (www.themalaysianreserve.com)

- Malayan Banking Bhd (Maybank) (MBBM.KL) saw it first half-year net profit grew by 43.5 percent on higher contribution by its Indonesian and Singaporean units as well as all its domestic business segments, said Maybank president and chief executive officer Abdul Wahid Omar.

THE SUN (www.sun2surf.com)

- Berjaya Solar Sdn Bhd, a wholly owned subsidiary of Berjaya Corporation Bhd (BGRO.KL), plans to construct the country's first large-scale solar photovoltaic power plant in Bukit Tagar, Selangor.

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($1=3.415 Malaysian Ringgit)