PRESS DIGEST - Malaysia - May 26
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)
- In response to constant criticism over the current electoral roll, the Election Commission has proposed that a new list of voters be drawn up. This will require 10.9 million voters to re-register as voters.
NEW STRAITS TIMES (www.nst.com.my)
- The government will announce a revision of the fuel subsidy soon, the Second Finance Minister Nor Mohamed Yakcop said. The cabinet committee was conducting a review on the fuel subsidy as it had to be dealt with immediately, he added.
- Maritime patrols around Pedra Branca and Middle Rocks should be conducted jointly with Singapore as the two features were close to each other, Home Minister Syed Hamid said.
- Petronas Carigali Overseas Sdn Bhd, a subsidiary of the national oil firm Petronas, has withdrawn its 80 percent interest from an oilfield in the Philippines after it failed to find enough oil.
THE EDGE FINANCIAL DAILY (www.theedgedaily.com.my)
- Kencana Petroleum (KENP.KL) is said to be close to sealing a 500 million ringgit contract for the fabrication of multiple well-head platform from Shell Oil and Gas (Malaysia) and Sarawak Shell.
THE MALAYSIAN RESERVE (news@themalaysianreserve.com)
- Malaysian Resources Corp (MYRS.KL) is eyeing at least another two overseas ventures, one each in the Middle East and India, after formalising its $2 billion project in Saudi Arabia, the company's group managing director Shahril Ridza Ridzuan said.
- A unit of IJM Corp (IJMS.KL) has received a letter of acceptance for the 490.12 million ringgit job to construct and maintain the Seremban-Gemas double track project from India's Ircon International Ltd (IRCO.BO).
THE SUN (www.sun2surf.com)
Despite an earlier announcement that the second Penang bridge project had been delayed by nine months due to design and rising costs, Second Finance Minister Nor Mohamed Yakcop confirmed that it will be completed by 2011.
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