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=MALAYSIA PRESS: News Headlines On Friday, December 8

KUALA LUMPUR (Dec 08) -- Heres a roundup of local news:

*Trumps Jerusalem Call Attacked by Malaysias Electioneering Leader

Prime Minister Najib Razak has assailed a U.S. decision to recognize Jerusalem as the capital of Israel in a rallying speech to his ruling party ahead of elections next year. Najibs two-hour address Thursday to the annual general meeting of his United Malays National Organization, which represents much of the Southeast Asian countrys ethnic Malay Muslim majority, was a chance to assure supporters before the vote, which must be called by June. - The Wall Street Journal

*Malaysia under spotlight in freedom of thought index after atheist hunt

Malaysia has been singled out and listed among seven countries worldwide that practice active persecution of the non-religious in a global index following a so-called hunt against atheists starting earlier this year. In this years Freedom of Thought Report by the International Humanist and Ethical Union, Malaysia was given a score of 4.5, with 5 being the worst possible score. - Today

*Ratings scheme planned for Islamic endowments

Islamic institutions in Bahrain and Malaysia said on Thursday they would develop a ratings scheme for Islamic endowments, or awqaf, as part of efforts to modernize the sector and unlock large pools of capital. The Manama-based Islamic International Rating Agency and the Malaysia-based International Institute of Islamic Waqf hope that greater accountability in the management of awqaf can help integrate them into Islamic financial markets. - Reuters

*PNB sells Santos Place for A$370mil

Permodalan Nasional has disposed of its 100% interest in Santos Place in Brisbane, Australia for A$370mil to Singapores sovereign wealth fund GIC. The property was acquired by listed funds management giant Charter Hall on behalf of Singaporean government sovereign wealth fund GIC. - The Star

*Major shareholder to take LCTH private, offers 58 sen per share

LCTH Corp.'s major shareholder Fu Yu Investment has launched a bid to take the precision plastic parts manufacturer private through a selective capital reduction and cash repayment of RM61.31 million or 58 sen per share, amid a challenging business landscape. Fu Yu, which owns 254.3 million shares or 70.64% shareholding in LCTH, and the parties acting in concert in the proposed exercise, collectively hold 258.66 million or 71.84% in the company. - The Edge Markets

*Gamuda MD cautious on sub-contract prices, warns against complacency

Gamuda, which is targeting to replenish its construction order book by RM6 billion-RM8 billion a year over the next two years, has warned that it cannot be complacent about sub-contract prices over the next few years as this may affect contract costs. Gamuda group managing director Lin Yun Ling said most of its sub-contractors are concerned about the supply chain being over-stretched when there are many big projects coming in. - The Sun Daily

- By Kuala Lumpur Newsroom; kleditorial@nikkeinewsrise.com; +60320267363
- Edited by Glen Nicol Perkinson
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