June 21, 2010 / 12:05 AM / 9 years ago

PRESS DIGEST - Malaysia - June 21

 Following are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
 ALL NEWSPAPERS
 * The Education Ministry is studying the possibility of abolishing the Ujian Pencapaian Sekolah Rendah (UPSR) and Penilaian Menengah Rendah (PMR) as part of a review of the school examination system, Deputy Prime Minister Muhyiddin Yassin said.
 THE STAR (www.thestar.com.my)
 * While speculation remains rife as to whether a bidding war may ensue over Singapore’s Parkway Holdings Ltd, some clarity on the matter should surface as early as this Thursday, analysts said.
 NEW STRAITS TIMES (www.nst.com.my)
 * Based on overwhelming response, the Domestic Trade, Cooperatives and Consumerism Ministry is confident that all 30,845 traders in the country will apply for the licence to enable them to sell sugar, flour and cooking oil, Deputy Domestic Trade, Cooperatives and Consumerism Minister Tan Lian Hoe said.
 BUSINESS TIMES (www.btimes.com.my)
 * AmFIRST Real Estate Investment Trust (AmFIRST REIT), Malaysia’s second biggest property trust by assets, is out to increase its asset size of more than one billion ringgit and expects a deal to be done in the current financial year, Am ARA REIT Managers Sdn Bhd chief executive officer Lim Yoon Peng said.
 * Malaysia Airlines (MAS) MASM.KL may consider applying for an investment tax allowance incentive from the Ministry of Finance (MOF) with the arrival of the first of its aircraft on order, MAS managing directorTengku Azmil Zahruddin said.
 THE SUN (www.sun2surf.com)
 * The government has to take into consideration the rights of other citizens and not just Muslims, when formulating laws, said Minister in the Prime Minister’s Department Nazri Aziz.
 THE EDGE FINANCIAL DAILY (www.theedgedaily.com.my)
 * The deadlock in the proposed consolidation of water assets in Selangor may have been broken with all the parties close to agreeing on pricing, and ironing out the issues of operations and maintenance, sources said.
 THE MALAYSIAN RESERVE (www.themalaysianreserve.com)
 * Boustead Holdings Bhd (BOUS.KL), a conglomerate controlled by the Armed Forces Fund Board, plans to spend 570 million ringgit by year-end to fund its expansion in Malaysia, the company official said.
 ($1=3.251 Malaysian Ringgit)  

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