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KUALA LUMPUR, Oct 1 Asia Pulse - Highlights of today's newspapers:
BUSINESS TIMES:
- Malaysia's biggest bank, Malayan Banking Bhd (Maybank), said it completed its purchase of a 56 per cent stake in Bank Internasional Indonesia (BII) yesterday after negotiating for a reduced price of RM4.26 billion.
- Paramount Corp Bhd will build another KDU College campus in the Klang Valley as the existing one in Petaling Jaya has hit full capacity, says its top official.
- Eastern & Oriental Bhd (E&O) said its financial performance for the year will largely depend on the launch of its over RM2 billion worth of properties by year-end.
- Fotronics Corp Bhd, which makes data storage devices, expects to return to the black in two years, by focusing on its core businesses.
- Asia File Corp Bhd, the country's biggest stationery maker which gets 70 per cent of its sales overseas, expects to bolster its presence in the US.
Source: HighBeam Research, MALAYSIAN NEWSPAPER HIGHLIGHTS - OCT 1, 2008.