PRESS DIGEST - Malaysia - Nov 5

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

ALL NEWSPAPERS

- The Public Accounts Committee (PAC) has recommended that the police and Malaysian Anti-Corruption Commission investigate former transport minister Chan Kong Choy and former Port Klang Authority general manager Phang Oi Choo in connection with the Port Klang Free Zone project.

THE STAR (www.thestar.com.my)

- The capital market is set to get its version of the banking sector's Financial Mediation Bureau (FMB).

- Telenor ASA will not divest its Asian assets, such as DiGi.Com Bhd (DSOM.KL), to fund its massive expansion into India, said Telenor Asia president Sigve Brekke.

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

- Beginning next year, the Federal Government will pay compassionate funds to Kelantan based on the state's offshore oil production revenue, Prime Minister Najib Razak said.

BUSINESS TIMES (www.btimes.com.my)