PRESS DIGEST - Malaysia - Nov 9

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)

- After a landslip on Saturday, residents of Taman Jasa Utama and Taman Jasa Perwira in Bandar Selayang woke up to a nightmare and those who live in apartment blocks atop the erosion-hit hill fear their building could collapse.

- In the wake of reports on card merchants who double up as Ah Longs, banks are on the alert for any signs of credit-card fraud and misuse, Malayan Banking Bhd (Maybank) senior executive vice-president Lim Hong Tat said.

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

- One Tee Keat has not lost sight of having a direct presidential election for Malaysian Chinese Association (MCA), a proposal he made after he was elected party president over a year ago but has had to take a back seat because of internal bickering.

BUSINESS TIMES (www.btimes.com.my)

- A clay model of a car that will lead Proton Holdings Bhd's (PROT.KL: Quote, Profile, Research) entry into the global market is ready at renowned design house Italdesign-Giugiaro SpA in Turin, Italy, said Proton group managing director Syed Zainal Abidin Syed Mohamed Tahir.

- Maybank Investment Bank Bhd (MIB) is setting up an Islamic investment bank in Saudi Arabia as part of plans to expand its business in the Middle East, MIB's head of Islamic market, Ali Abbas Zaidi said.