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PRESS DIGEST - Malaysia - May 12

Mon May 12, 2008 5:50am IST
 
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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)

- United Malays National Organisation (UMNO) members must counter the notion that they are arrogant and corrupt, said Prime Minister Abdullah Ahmad Badawi.

- Timber giant Ta Ann Holdings Bhd (TAAN.KL: Quote, Profile, Research) is looking at substantially expanding its oil palm plantation within the next five years to balance its business portfolio, group Managing Director Wong Kuo Hea said.

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

- United Malays National Organisation (UMNO) must dispel the perception that the party, and the Barisan Nasional (National Front), are arrogant and feeble, Prime Minister Abdullah Ahmad Badawi said.

BUSINESS TIMES (www.btimes.com.my)

- CCK Consolidated Holdings Bhd (CCKH.KL: Quote, Profile, Research), a Sarawak-based poultry and seafood processing company, will spend 20 million ringgit to widen its retail footprint in Sabah and Peninsular Malaysia, CCK Managing Director John Tiong said.

- I-Berhad (IBHD.KL: Quote, Profile, Research), a household appliance maker, has received offers from the Middle East and South Korean investors to buy some of its properties at the 2 billion ringgit I-City project, a futuristic commercial development in Shah Alam, Selangor, Chief Executive Officer Tey Siew Thuan said.  Continued...

 
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