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