PRESS DIGEST - Malaysia - June 25
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)
-- Employees are worried that their annual leave or salary will be affected if they are quarantined should they have the symptoms of the A (H1N1) influenza, the Human Resources Ministry said.
-- Although Permodalan Nasional Bhd (PNB) has raised it stake in SP Setia Bhd (SETI.KL) to 32.9 percent which can easily trigger a general offer if it decides to further increase its stake to 33 percent in the coming days, the company's president Liew Kee Sin is unperturbed by worries of a potential takeover.
BUSINESS TIMES (www.btimes.com.my)
-- Developer MK Land Holdings Bhd (MKLH.KL) is partnering two other companies for a three billion ringgit residential development project in northern Bangalore, India, MK Land chief executive officer Mustapha Kamal Abu Bakar said.
-- Aberdeen Asset Management, which manages over $143 billion (506 billion ringgit) worldwide at the end of April, said the recent months' sharp run-up in share prices is not sustainable because it's not driven by fundamentals, said an investment manager with Aberdden in Asia, Christopher Wong.
NEW STRAITS TIMES (www.nst.com.my)
-- New measures have been put in place to contain the influenza A (H1N1) outbreak, especially of "imported" cases, Health director-general Ismail Merican said.
THE EDGE FINANCIAL DAILY (www.theedgemalaysia.com)
-- The government has appointed a consultant to find the middle path in a dispute between AirAsia Bhd (AIRA.KL) and Malaysia Airports Holidngs Bhd (MAHB.KL), Prime Minister Najib Razak said.
-- Asia markets, including Bursa Malaysia (BMYS.KL), staged a rebound on Wednesday, registering gains of more than two percent as they expected the US Federal Reserve to maintain interest rates at a record low.
THE MALAYSIAN RESERVE (www.themalaysianreserve.com)
-- Property developer MK Land Holdings Bhd (MKLH.KL) plans to develop a three billion ringgit housing scheme and township in Bangalore, south of India to cater to the growing middle-class population, its chairman Mustapha Kamal Abu Bakar said.
THE SUN (www.sun2surf.com)
-- Faced with a four-fold increase in influenza A (H1N1) cases in one week, health authorities on Wednesday admitted there are "gaps in the system" to contain the dreaded flu epidemic, Health director-general Mohd Ismail Merican said.
-- Berjaya Media Bhd (BJME.KL) (formerly known as Nexnews Bhd) recorded a consolidated revenue of 82.81 million ringgit and pre-tax profit of 36.42 million ringgit for the 16-month period ending April 30, 2009.
-- Amanah Saham Nasional Bhd on Wednesday announced a lower income distribution of 6.30 cents per unit for its Amanah Saham Didik for financial year ending June 30, 2009, Permodalan Nasional Bhd chairman Ahmad Sarji Abdul Hamid said.
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($1=3.512 Malaysian Ringgit)
