PRESS DIGEST - Malaysia - June 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)

-- SJK (C) Jalan Davidson school in Kuala Lumpur, where an 11-year-old was confirmed to have been infected with the H1N1 virus has been shut down until Friday after two more pupils fell ill, Health Minister Liow Tiong Lai said.

-- Port Klang is poised to become Asia's leading distribution hub for the London Metal Exchange (LME) following its accreditation as the exchange's Good Delivery Point, Port Klang Fress Zone general manager Chia Kon Leong said.

BUSINESS TIMES (www.btimes.com.my)

-- Liberalisation of Malaysia's economy will create an ideal investment climate and at the same time boost sectors that lack strong domestic capacity, International Trade and Industry Minister Mustapa Mohamed said.

-- Tan Chong Koay, whose Pheim Asean Emerging Companies Growth Fund ranked top last month in its category by betting early on Indonesian planters, says he sees no urgency to sell shares yet.

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

-- Malaysians have been advised againts visiting Australia and the United States as the number of influenza A (H1N1) cases in the country continues to rise, Deputy Prime Minister Muhyiddin Yasin.

-- In a change of heart, Parti Islam se-Malaysia (PAS) spiritual leader Nik Abdul Aziz Nik Mat has agreed to unity talks with UMNO, but with conditions.

THE EDGE FINANCIAL DAILY (www.theedgemalaysia.com)

-- Industry players said the relaxation of rules for the issuance of structured warrants as outlined by the country's new market framework has given them an additional incentive to launch the instrument and create more investment choices for clients, AmInvestment Bank Bhd director and head of equity derivatives group, Ng Ee Fang said.

THE MALAYSIAN RESERVE (www.themalaysianreserve.com)

-- A Malaysian public-listed company is believed to have purchased 20 to 40 hectares of land close to the Bosnian Valley of Pyramids, near Sarajevo, the capital city of Bosnia and Herzegovina, industry sources said.

-- Telekom Malaysia Bhd (TM) (TLMM.KL) is currently in talks to set up partnerships with content providers and broadcasters for its Internet Protocol television service to be launched later thi syear, its executive vice president of consumer services, Jeremy Kung said.

THE SUN (www.sun2surf.com)