PRESS DIGEST - Malaysia - July 22

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

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

- The government will introduce unconventional ways and the latest technologies to deal with high oil prices, Prime Minister Abdullah Ahmad Badawi said.

BUSINESS TIMES

- Oilcorp Bhd's (OILC.KL) shareholders removed external auditor Baker Tilly Monteiro Heng in a heated and lengthy extraordinary general meeting (EGM) on Monday.

- Malaysia and the US may have reached some compromises as government officials wrapped up the eighth round of free trade agreement (FTA) talks in Washington last week.

THE STAR (www.thestar.com.my)

- The United Malays National Organisation (UMNO)-Parti Islam se-Malaysia (PAS) dialogues have drawn conflicting reactions from within PAS.

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

- The Terengganu state government is expected to revamp the boards of its listed companies, a move that will see the appointment of nominees aligned to new Menteri Besar (Chief Minister) Ahmad Said and also the state royalty, sources said.

- A notice has been filed to summon Deputy Prime Minister Najib Razak to testify in the murder trial of Mongolian national Altantuya Shaariibuu.

THE MALAYSIAN RESERVE (www.themalaysianreserve.com)

- Perwaja Holdings Bhd is investing up to 50 million ringgit to ramp up its production capacity to make two million tonnes of steel products a year, its Chief Executive Officer Henry Pheng said.

THE SUN (www.sun2surf.com)

- Parti Keadilan Rakyat (People Justice Party) and the Democratic Action Party (DAP) on Monday downplayed their Pakatan Rakyat (People Unity) partner Pasti Islam se-Malaysia (PAS)'s talks with the United Malays National Organisation (UMNO) top leadership on Islam and Malay Unity, indicating that the opposition alliance was still strong.

- Malaysia and the United States have achieved progress at the eighth round of the free trade agreement (FTA) negotiations with both sides showing willingness to resolve outstanding issues, the Ministry of International Trade and Industry said in a stetement.