July 28, 2011 / 1:30 AM / 9 years ago

PRESS DIGEST - MALAYSIA - July 28

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)

* The weather played havoc in Asia with over 50 people killed in the Philippines and South Korea on Wednesday.

* More clarification is needed on the off-takers or customers of a proposed 17 billion ringgit integrated petro-chemical complex in Teluk Ramunia, Johor, research analysts said.

NEW STRAITS TIMES (www.nst.com.my)

* The government has introduced a new National Key Result Area (NKRA) to tackle the rising cost of living affecting the people, Prime Minister Najib Razak said.

* The Islamic Council in Narathiwat, southern Thailand, has received a deluge of complaints lately from its women folk on marriage breakdowns and requests for annulment from their Malaysian spouses, council president Abdul Razak Halim said.

BUSINESS TIMES (www.btimes.com.my)

* Petroliam Nasional Bhd (Petronas) , the national oil company, has disputed claims by a Malaysian-Iranian-Chinese joint venture that they are poised to be awarded a contract to develop a marginal oil field.

* Japan’s Proto Corp is buying MTM Multimedia Sdn Bhd, publisher of Motor Trader and Autocar Asean magazines, for 109.67 million ringgit.

THE SUN (www.thesundaily.my/)

* Malaysians are now less afraid than at the start of the year of falling victim to crime, due to the initiatives of the police, the government’s latest survey findings show.

* Europe-based Union Investment Real Estate (UIRE), which owns CapSquare Tower in Kuala Lumpur, has allocated between 200 million ringgit and 400 million ringgit to expand its property portfolio in Malaysia over the next two to three years, UIRE Asia Pacific Pte Ltd managing director Ulrich Dischler said.

THE EDGE FINANCIAL DAILY (www.theedgemalaysia.com)

* Prestariang Bhd made the third lacklustre listing on Bursa Malaysia this week as the ICT services provider followed a string of debut listings that fell below the initial public offering (IPO) price.

THE MALAYSIAN RESERVE (www.themalaysianreserve.com.my)

* Japanese steel mills in Malaysia could shift their operations elsewhere if Megasteel Sdn Bhd gets its way in petitioning to impose safeguard measures for imports of certain hot-rolled coils, Sumiputeh Steel Centre Sdn Bhd managing director H Hank Yoshioka said.

* Zecon Bhd’s involvement in the 17 billion ringgit proposed downstream oil and gas complex in Johor had triggered a mild rally in Sarawak-based construction-related counters on Wednesday.

($1=3.118 Malaysian Ringgit)

Kuala Lumpur newsroom, +603 2333 8046; fax +603 2161-3340, areuters@gmail.com

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