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PRESS DIGEST - Malaysia - April 10

Wed Apr 9, 2008 8:51pm 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

- The time is ripe for the establishment of a Judicial Commission to handle judicial appointments and promotions of judges, the Regent of Perak Raja Nazrin Shah said.

- The Securities Commission (SC) has filed a landmark civil suit against businessman Low Thiam Hock, also known as Repco Low, and nine others over the rigging of shares in Mesdaq-listed Iris Corp Bhd (IRIB.KL), the SC said in a statement.

THE STAR (www.thestar.com.my)

- Coastal Contracts Bhd (CTAL.KL) is expected to announce soon a string of shipbuilding deals worth more than 500 million ringgit ($157.4 million) which will boost its order to a record 1.5 billion ringgit, a company official said.

BUSINESS TIMES (www.btimes.com.my)

- QL Resources Bhd (QRES.KL), Malaysia's biggest fishball, fishcake and crabstick producer, expects to maintain profit margins in its marine business despite costlier surimi, or raw fish paste, Managing Director Chia Song Kun said.

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

- Highway concessionaire Lingkaran Trans Kota Holdings Bhd (Litrak) (LTKH.KL) is paying back 93 cents cash per share via a capital repayment and an additional seven cents cash per share interim dividend, the company said.

THE MALAYSIAN RESERVE (news@themalaysianreserve.com)

- Dubai Ventures Ltd, part of Dubai Investment Group, has invested $49.5 million (158.4 million ringgit) for a significant stake in Sabah-based GBD Investment Ltd, the owner of one of the largest biodiesel plants in the region, Dubai Investment Group said in a statement.

UTUSAN MALAYSIA (www.utusan.com.my)

- Be prepared to pay more for noodle meals as prices of the various types of noodles will be raised by between 20 and 70 cents a kilogramme from Thursday.

- Indonesia needs around $150 billion ($1 = 3.18 ringgit) in the next three years for its infrastructure developments and aims to attract foreign investments, especially from Malaysia, to fund 90 percent of the cost, Chairman of Indonesia's Young Entrepreneurs Association, Sandiago S. Uno said.

BERITA HARIAN (www.bharian.com.my)

- Permodalan Nasional Bhd (PNB) hopes to increase the size of the fund it manages by 10 percent from 120 billion ringgit currently, PNB President Hamad Kama Piah Che Othman said.

($1=3.187 Malaysian Ringgit) ** 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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