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PRESS DIGEST - Malaysia - Sept 30

Tue Sep 29, 2009 8:21pm EDT

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Following are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

ALL NEWSPAPERS

- Barisan Nasional (National Front) has chosen former Negri Sembilan Mentri Besar (chief minister) Isa Abdul Samad as its candidate for the Bagan Pinang state by-election.

THE STAR (www.thestar.com.my)

- Wal-Mart Stores Inc (WMT.N) chairman Robson Walton and top officials of Conservation International (CI) are working with Bursa Malaysia (BMYS.KL) and possibly the Malaysian government on the development of environmental sustainability initiatives, CI chairman Peter Seligman said.

- Omar Mustapha Ong of Ethos & Co has received his letter from Prime Minister Najib Razak to join Petroliam Nasional Bhd (Petronas) [PETR.UL] as independent, non-executive director, said sources.

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

- Prime Minister Najib Razak on Tuesday declared this popular beach town as an "Army Town" in recognition of the deeds and sacrifices of the nation's armed forces.

BUSINESS TIMES (www.btimes.com.my)

- The government will continue injecting 1 billion ringgit ($287.1 million) every month to boost the economy until the middle of 2010, Prime Minister Najib Razak said.

- Malaysia Airlines (MAS) (MASM.KL) will take delivery of its six Airbus A380 superjumbos from 2011, saying it has not changed its order plans, MAS chief executive officer Azmil Zahruddin said.

THE EDGE FINANCIAL DAILY (www.theedgedaily.com.my)

- The government has committed not to prematurely pull the plug on fiscal stimulus, with government spending now at an additional one billion ringgit a month, and will look at ways to rein in the fiscal deficits via cuts in operating expenditure, said Prime Minister Najib Razak.

THE MALAYSIAN RESERVE (www.themalaysianreserve.com)

- ASAS Serba Sdn Bhd, the special purpose vehicle (SPV) that has proposed to acquire all the toll concessionaires in the country, is set to brief Prime Minister Najib Razak on its proposal soon, the SPB leader Syed Amin Md Amin Aljeffri said.

- Berjaya Corp Bhd (BCorp) (BGRO.KL) will be listing the 7-Eleven convenience store chain and the Singer home appliances brand on Bursa Malaysia (BMYS.KL) under Berjaya Retail Bhd (BRetail) by March 31, 2009.

THE SUN (www.sun2surf.com)

- Malaysia Airlines (MAS) (MASM.KL) and CFM International signed a support agreement for CFM engines powering its Boeing 737-800 fleet in a ceremony held at the Malaysia Airlines Academy on Tuesday. ** Looking for more information from local sources? Reuters Business Briefing has 13 Malaysian sources including Business Times Malaysia. For details of the product please call your local help desk (PHONE/HELP).



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