PRESS DIGEST - Malaysia - June 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)

-- The Malaysian Anti-Corruption Commission (MACC) has arrested several directors of a company that won the bid to build the 238.8 million ringgit ($68.36 million) controversial phase 11 of the Middle Ring Road (MRR2), sources said.

-- Malaysia has become the preferred listing destination for Sunway City Bhd's (SunCity) (SWCB.KL) proposed real estate investment trust (REIT) although it is not ruling out other proposals for reverse takeovers in Singapore and Australia, SunCity executive director Jeffrey Ng said.

BUSINESS TIMES (www.btimes.com.my)

-- Malaysia plans to step up enforcement against oil palm seed scams and theft of palm fruits and oil, which are costing the country billions in lost revenues, Plantation Industries and Commodities Minister Bernard Dompok said.

-- The idea for Asia to have its own international rating agency drew warm welcome from industry players who think that it could be worth pursuing.

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

-- "We declared war against dengue in February. It looks like we are losing". Director-general of Health Ismail Merican painted this grim picture when he revealed that 57 people had died of dengue between January and June 6 and warned that more would die from the disease.

THE EDGE FINANCIAL DAILY (www.theedgemalaysia.com)

-- Public-listed companies (PLCs) must do what is necessary, including issuing a prompt denial or confirmation of speculation as well as providing profit guidance, to ensure that investors make informed investment decisions, Securities Commission senior officials said.

THE MALAYSIAN RESERVE (www.themalaysianreserve.com)

-- UEM Land (ULHB.KL), the master builder of the massive Nusajaya development in Johor, is focusing on becoming a national and regional property developer and is looking at ways to divest its legacy projects in overseas markets, its chairman Ahmad Tajuddin Ali said.

-- Bursa Malaysia (BMYS.KL) has urged investors to be cautious about the trading of Measat Global Bhd (MTCB.KL) and Transmile Group Bhd (TMGB.KL) after shares of both companies surged without solid explanations.

THE SUN (www.sn2surf.com)

-- Two weeks after an independent audit report on the Port Klang Free Zone fiasco made shocking disclosures on management and governance issues, the Transport Ministry set up a task force to rectify the wrongs and to pursue appropriate legal remedies.