PRESS DIGEST - Malaysia - July 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)
-- Parti Islam se-Malaysia (PAS) president Abdul Hadi Awang has come under fire for objecting to the government's latest move to ease investment requirements in Malaysia.
-- Foreign direct investments (FDIs) are expected to fall by half this year from 46.1 billion ringgit last year, said Malaysian Industrial Development Authority deputy director-general Wahab Hamid.
BUSINESS TIMES (www.btimes.com.my)
-- The opposing parties in the fight for Goh Ban Huat Bhd (GBHK.KL) are squaring up but the kingmaker appears to be a government-linked pension fund.
-- Valuecap Sdn Bhd, set up in 2002 to invest specifically in Malaysian stocks, has given its three shareholders 250 million ringgit dividends over the years, chief executive officer Sharifatu Laila Syed Ali said.
NEW STRAITS TIMES (www.nst.com.my)
-- Democratic Action Party (DAP) adviser Lim Kit Siang said the Kedah DAP's determination to quit the state government spelled a "crisis of confidence" in Pakatan Rakyat (People Unity).
-- Parti Islam se-Malaysia (PAS) president Abdul Hadi Awang on Thursday backed the move by the party's Youth wing to invite its counterpart in UMNO to engage in an academic discourse of dialogue on current issues.
THE EDGE FINANCIAL DAILY (www.theedgemalaysia.com)
-- Mesdaq-listed CBS Technology Bhd's (CBSC.KL) strategic shareholder from Dubai has exited the company, having disposed of all its shares two years after acquiring a 25 percent stake in the radio frequency identification (RFID) specialist, analysts said.
THE MALAYSIAN RESERVE (www.themalaysianreserve.com)
-- Exports for the first five months this year dropped 23.5 percent compared to the same period last year as the trend of declining exports continues, International Trade and Industry Minister Mustapa Mohamed said.
THE SUN (www.sun2surf.com)
-- Democratic Action Party (DAP) and Parti Islam se-Malaysia (PAS) leaders on Thursday slugged it out over the decision of Kedah DAP to withdraw from the PAS-led coalition state government, worsening their already fragile and uneasy alliance in the Pakatan Rakyat (People Unity).
-- For the first five months of this year, Malaysia received foreign direct investment (FDI) of 4.2 billion ringgit, said International Trade and Industry Minister Mustapa Mohamed.
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