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MALAYSIAN NEWSPAPER HIGHLIGHTS - OCT 1, 2008.

AsiaPulse News

| October 01, 2008 | COPYRIGHT 2008 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, 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.

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Source: HighBeam Research, MALAYSIAN NEWSPAPER HIGHLIGHTS - OCT 1, 2008.

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