July 25, 2011 / 12:15 AM / 9 years ago

PRESS DIGEST - MALAYSIA - July 25

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)

* Subsidised cooking oil in 1kg packets have been flying off the shelves over the last few weeks, causing a shortage of supply in grocery stores and hypermarkets in several states in the country, said Domestic Trade, Cooperatives and Consumerism Ministry secretary-general Mohd Zain Dom.

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

* The biometric system that the Election Commission proposes to use in the next general election is follproof, said the National Registration Department director-general Jariah Mohd Said.

BUSINESS TIMES (www.btimes.com.my)

* National railway company Keretapi Tanah Melayu Bhd (KTMB) is segregating its core businesses under a two-phase restructuring plan, with the aim of being more efficient and profitable, a source said.

* Property developer Hua Yang Bhd is banking on strong demand for affordable houses from Malaysia’s large young population to more than double its revenue to over 500 million ringgit by 2015, its chief executive officer Ho Wen Yan said.

THE SUN (www.thesundaily.my/)

* In the wake of scathing criticism by the Royal Commission of Inquiry into the death of political aide Teoh Beng Hock last week, the Malaysian Anti-Corruption Commission (MACC) on Sunday announced the setting up of an Executive Transformation Committee (ETC) to revamp all its current systemns and procedures, the commission said in a statement.

* Companies, especially those involved in direct marketing and telemarketing, have to put in place audits and self-checks to process commercial transactions to avoid breaching the Personal Data Protection Act, which is expected to be enforced next year, an industry player said.

THE EDGE FINANCIAL DAILY (www.theedgemalaysia.com)

* CI Holdings Bhd is looking at distributing no less than half of the 820 million ringgit proceeds from the sale of its bottling unit Permanis Sdn Bhd to Asahi Group Holdings Ltd, its managing director Johari Abdul Ghani said.

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

* Oilfield services provider Offshoreworks Holdings Sdn Bhd, whose sukuk was downgraded in January due to “weakened credit metrics”, is now “more determined and focused” to turn around the company, its chief executive officer Amir Ruddin salleh said.

($1=3.118 Malaysian Ringgit)

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