PRESS DIGEST - Malaysia - June 23

Following are the main stories in Malaysian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

BUSINESS TIMES (www.btimes.com.my)

- UEM Land Bhd will acquire about 40 hectares from Setia Haruman Sdn Bhd and launch its first housing project worth some one billion ringgit by year-end, a company source said.

- Mobile operator Maxis Communications Bhd aims to extend its pole position market share this year by doing the necessary groundwork for mobile number portability and focusing on the underserved market, Chief Operating Officer Jon Eddy Abdullah said.

THE STAR (www.thestar.com.my)

- Barisan Nasional (National Front) members of parliament attended a three-hour briefing on the restructuring of fuel subsidies where they were asked to support a motion on price increases which the government will table in Parliament today (Monday).

- Hicom Holdings Bhd’s move to de-list its 70 percent-controlled Edaran Otomobil Nasional Bhd (EONK.KL: Quote, Profile, Research) has been opposed by the latter’s non-independent non-executive director Keizo Ono.

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

- Prime Minister Abdullah Ahmad Badawi announced more measures to fight inflation, including liberalising the issuance of small business permits and improving incentives for small and medium-sized enterprises.

source : http://news.google.com.my/news

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