PRESS DIGEST - Malaysia - Nov 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)
- A Member of Parliament (MP) was among five politicians from both sides of the political divide in Selangor who have been arrested for alleged graft.
- Subang SkyPark Sdn Bhd is in talks with several parties in the region and the Government to get more turboprop operators to fly from this newly refurbished city airport, its executive director Ravindran Menon said.
NEW STRAITS TIMES (www.nst.com.my)
- A new reward system may be put in place to acknowledge good performers in the civil service, Prime Minister Najib Razak said.
BUSINESS TIMES (www.btimes.com.my)
- Affin Bank has set a five-year target to reach the levels of its biggest rivals in terms of profitability and efficiency, its chief executive officer Zulkiflee Abbas Abdul Hamid said.
- Malaysia was the first to move halal products in a big way into the global market but has since fallen far behind more aggressive rivals, Second Finance Minister Ahmad Husni Hanadzlah said.
THE EDGE FINANCIAL DAILY (www.theedgedaily.com.my)
- Putting an end to weeks of market rumours, Public Bank Bhd (PUBM.KL) said on Monday its non-executive chairman Teh Hong Piow has recovered from a minor operation and will not be selling his stake in the bank.
- Hong Leong Bank Bhd (HLBB.KL) is venturing into the consumer lending business in China through a 49:51 joint venture with Bank of Chengdu Co Ltd.
THE MALAYSIAN RESERVE (www.themalaysianreserve.com)
- Courts Mammoth Sdn Bhd on Monday denied a news report that its owners are selling out but instead said the group is focused on growing the furniture and consumer electronics retailer, said Courts Mammoth Sdn Bhd's country director Chris Yong.
THE SUN (www.sun2surf.com)
- The arrest of former Perlis mufti Mohd Asri Zainul Abidin by the Selangor Religious Affairs Department on Sunday has sparked animated response from various quarters, with Prime Minister Najib Razak defending the scholar as a person who quotes Quranic verses.
- Malaysia Airports Holdings Bhd (MAHB.KL), which is involved in the development of the new Istanbul Sabiha Gokcen International Airport, is expected to take the airport to greater heights, making it a global premier airport for Turkey.
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($1=3.400 Malaysian Ringgit)
