PRESS DIGEST - Malaysia - May 27
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)
-- A Parti Keadilan Rakyat (PKR) supreme council member and a special assistant to a Penang state exco member have admitted to meeting Penanti by-election independent candidate Aminah Abdullah.
-- The newly set up financial guarantee institution, Danajamin Nasional Bhd, has received tremendous interest and the first bond is expected to be guaranteed in one to two months' time, its chairman Hamidy Hafiz said.
BUSINESS TIMES (www.btimes.com.my)
-- Tanjung Offshore Bhd (TJGO.KL), an integrated oil and gas service provider, has bid for some 30 project this year, its managing director Omar Khalid said.
-- Malaysia's economy may contract by more than one percent this year but is expected to return to positive growth next year, Second Finance Minister Ahmad Husni Hanadzlah said.
THE NEW STRAITS TIMES (www.nst.com.my)
-- The Malaysian Anti-Corruption Commission (MACC) has opened a file to investigate claims by independent candidate Aminah Abdullah that she was offered money and position to pull out of the Penanti by-election contest, state MACC director Latifah Md Yatim said.
-- Malaysia views with concern the underground nuclear test carried out by North Korea as it would only add to tensions in the Korean peninsula and East Asia, Prime Minister Najib Razak said.
THE EDGE FINANCIAL DAILY (www.theedgemalaysia.com)
-- The shareholder dispute in EON Capital Bhd (EONP.KL) over a proposed fund-rising exercise appears to have receded following a proposal for its single largest shareholder, Primus Pacific Partners, to subscribe for a warrants issue amounting to 29.5 million ringgit, EON Capital said in a statement.
THE MALAYSIAN RESERVE (www.themalaysianreserve.com)
-- Insurance companies are no longer willing to provide third party motor insurance under their banner, and instead are sending customers to a high-risk insurance pool run collectively by the industry under orders from the regulators.
THE SUN (www.sun2surf.com)
-- In what is seen as a blow to the People's Progressive Party's credibility, Prime Minister Najib Razak said on Tuesday he would verify the political party's status before deciding whether to accept its invitation to open its general assembly.
-- The government is reviewing the National Automotive Policy (NAP) which will be concluded by the third quarter of this year, Deputy Prime Minister Muhyiddin Yassin said.
($1=3.527 Malaysian Ringgit)
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