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MALAYSIAN NEWSPAPER HIGHLIGHTS - MAY 3, 2006.

AsiaPulse News

| May 03, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KUALA LUMPUR, May 3 Asia Pulse - Highlights of today's newspapers:

BUSINESS TIMES:

- Malaysia plans to review the tax structure of its offshore financial centre in Labuan as it seeks to compete with other established and up and coming offshore centres in the world.

- The ringgits strength of late, following the sudden hike in the key interest rate, has been orderly and in line with the rise in other currencies in the region, said Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz.

- Proton Holdings Bhd's recovery and growth plans should be unveiled by the end of the year, managing director Syed Zainal Abidin Syed Mohamed Tahir said.

- China's move to increase its interest rates will not adversely affect Malaysia's exports to the country, says Second Finance Minister Tan Sri Nor Mohamed Yakcop.

- Local automotive ...

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