PRESS DIGEST - Malaysia - May 20
Following are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
ALL NEWSPAPERS
- Former prime minister Mahathir Mohamad announced on Monday that he was -figure unreadable- quitting United Malays National Organisation (UMNO) with immediate effect and urged other party members to follow suit.
THE STAR (www.thestar.com.my)
- The cement industry may see some major price adjustments following the liberalisation of the steel industry on May 12, the Cement & Concrete Association of Malaysia said.
- An initial public offering (IPO) by Green Packet Bhd (GRNP.KL) subsidiary Packet One Networks (M) Sdn Bhd (P1) is in cards, group Managing Director Puan Chan Cheong said.
NEW STRAITS TIMES (www.nst.com.my)
- The government will use smart card technology to better manage and facilitate the distribution of subsidies to agriculture workers, said Prime Minister Abdullah Ahmad Badawi.
BUSINESS TIMES (www.btimes.com.my)
- Wijaya Baru Global Bhd (WIJA.KL) has signed a memorandum of understanding with a Vietnamese authority to bid for infrastructure projects worth an estimated $3 billion, its Deputy Chief Executive Officer Faizal Abdullah said.
- Motorola Inc (MOT.N) plans to expand its Malaysian outfit's production portfolio and may include WiMAX devices, Motorola Malaysia country President Mohd Asri Hassan Sabri said.
THE EDGE FINANCIAL DAILY (www.theedgedaily.com.my)
- Intel Capital, a subsidiary of Intel (INTC.O), has agreed to invest 50 million ringgit in Green Packet Bhd (GRNP.KL).
THE MALAYSIAN RESERVE (news@themalaysianreserve.com)
- Malaysian companies on Monday attracted investment deals and collaborations worth a total of 5.28 billion ringgit with entities based in India, Saudi Arabia, as well as from Microsoft (MSFT.O).
THE SUN (www.sun2surf.com)
- Prime Minister Abdullah Ahmad Badawi was impressed with the concept of the two billion ringgit i-City project in Shah Alan being developed by I-Bhd (IBHD.KL), said Office Squared Malaysia Sdn Bhd's Chief Executive Officer, Marcus Moufarrige said.
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