PRESS DIGEST - Malaysia - Feb 22

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)

- The Securities Commission plans to tweak the guidelines related to independent advice given to shareholders so that advisers provide more disclosures and carry out more analysis on proposed deals, sources said.

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

- All new foreign maids and their employers must attend a mandatory half-day course to improve working relations between them, Human Resources Minister S. Subramaniam said.

- All primary school pupils and secondary school students will be required to take up at least one sport next year, Deputy Prime Minister and Education Minister Muhyiddin Yassin said.

BUSINESS TIMES (www.btimes.com.my)

- The Sunway Pyramid Shopping Mall in Selangor is likely to overtake the Mid Valley Megamall in Kuala Lumpur as the country's No. 1 mall in size size within the next five years as it adds two new phases to the mall, chief executive officer of Sunway Group of Shopping Mall, H.C. Chan said.

- Tanjung Offshore Bhd (TJGO.KL), an integrated services provider in the oil and gas industry, plans to raise funds to refinance existing loans, buy new vessels and for working capital, its mamaging director Omar Khalid said.

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

- After two consecutive years in the black, Malaysian Airline System Bhd (MAS) (MASM.KL) is likely to swing into losses for its financial year ended Dec. 31, 2009 (FY09) due to costly fuel hedges and a weakened global economy, industry analysts said.

- The ringgit is unlikely to be caught in the draught of the revaluation pressure that's building on the yuan and the swirl of the Vietnamese dong's third devaluation, CIMB group regional and foreign exchange strategist Suresh Ramanathan said.

THE MALAYSIA RESERVE (www.themalaysianreserve.com)

- Mithril Bhd (MRIL.KL) is seeking potential new businesses to revive its fortunes after its recent financial restructuring, a source 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=3.415 Malaysian Ringgit)