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MALAYSIAN NEWSPAPER HIGHLIGHTS - MARCH 2, 2005.

AsiaPulse News

| March 02, 2005 | COPYRIGHT 2005 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, March 2 Asia Pulse - Highlights of today's newspapers:

BUSINESS TIMES:

- RHB Group's (RHB) full-fledged Islamic banking subsidiary, RHB Islamic Bank Bhd, launched yesterday, will start business on March 16.

- Malaysia has further liberalised its banking sector, allowing foreigners to acquire up to 49 per cent stake in Islamic bank subsidiaries of local banking groups.

- Malaysia's low-cost-carrier (LCC) terminal at the Kuala Lumpur International Airport (KLIA) will be modelled after several existing budget airline hubs around the world.

- The Government is wooing foreign direct investment (FDI) from global furniture players to make Malaysia their base to export into the Asean (Association of South-East Asian Nations) market.

- Moody's Investors Service has assigned its A3 senior unsecured rating ...

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Source: HighBeam Research, MALAYSIAN NEWSPAPER HIGHLIGHTS - MARCH 2, 2005.

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