PRESS DIGEST - Malaysia - June 3

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)

-- Authorities investigate stadium collapse in Terengganu which was completed just a year ago at a cost of 300 million ringgit. The anti-corruption commission is also involved in investigating the collapse which occured when the stadium was empty.

BUSINESS TIMES (www.btimes.com.my)

-- Malaysian Resources (MYRS.KL) says can bring down debt levels. Debt is currently 1.6 billion ringgit but that is in part due to Eastern Dispersal Highway construction in Johor, the company said.

THE EDGE FINANCIAL DAILY (www.theedgemalaysia.com)

-- Khazanah Managing Director Azman Mokhtar says Asia can decouple economically from developed countries in a shift of power to Asia-Pacific and said that the future of the dollar as the world's reserve currency was in question. Azman said he did not see a "V"-shaped economic recovery.

THE MALAYSIAN RESERVE (www.themalaysianreserve.com)

-- Malaysian German Chambers of Commerce says 30 percent of the companies it surveyed expect an economic upturn within the next 12 months.

THE SUN (www.sun2surf.com)

-- Opposition ruled Penang state is to pay 10,000 ringgit to whistle blowers who reveal corruption and misuse of state funds.

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