PRESS DIGEST - Malaysia - May 13
Following are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
ALL NEWSPAPERS
- The government announced measures to hold down the price of rice on Monday, including securing supplies of price-controlled 15-percent-broken rice and setting price caps for two other grades of the grain, Prime Minister Abdullah Ahmad Badawi said.
THE STAR (www.thestar.com.my)
- Sabah Barisan Nasional politicians became the focus of attention on Monday as they continued to claim that the federal Government was not giving enough attention to the state.
- Steel stocks rallied after the government's move to liberalise the steel sector came into effect on Monday, with Southern Steel Bhd (STEE.KL: Quote, Profile, Research, Stock Buzz) and Ann Joo Resources Bhd (ANNJ.KL: Quote, Profile, Research, Stock Buzz) closing at 10-year highs as investors expected the liberalisation to enhance the players' earnings visibility.
NEW STRAITS TIMES (www.nst.com.my)
- The Malaysian government and Thai rice exporters are deadlocked over the "price tag" for new purchases, with the world's biggest rice exporter insisting on the current market level of about $1,000 (3,197 ringgit) a tonne.
BUSINESS TIMES (www.btimes.com.my) Continued...
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