DiGi says appoints new CFO effective August 2

July 20 (Reuters) – Malaysian telco Digi.Com Berhad (DSOM.KL) said on Tuesday that it had appointed a new chief financial officer effective August 2.

The company said Terje Borge will replace Stefan Carlsson who has resigned. Borge was CFO of DTAC in Thailand for the past three years, following several executive roles in Telenor Asia and Telenor International Mobile.

(Reporting by Razak Ahmad, Editing by Niluksi Koswanage)

Malaysia coastguard says damaged tanker has 10m gash

A tanker and a bulk carrier collided in Malaysian waters off Singapore on Tuesday at 6.05 a.m. (2200 GMT on Monday), Malaysian coast guard officials said.

They said the collision between the two ships –identified as tanker Bunga Kelana 3, and the MT Waily — led to an oilspill.

“The collision caused a 10-metre (yard) tear in the left side of the tanker and 2,000 metric tonnes of crude oil has spilled into the sea where the collision occured,” Commander Abdul Hadib bin Abdul Wahab told Reuters.

Malaysia’s largest shipping company MISC a unit of state-run oil company Petronas [PETR.UL], lists the Bunga Kelana 3 as an Aframax class tanker built in 1998 with a dead-weight-tonnage of 105,784 on its website (http://www.misc.com.my).

The tanker is owned by MISC subsidiary American Eagles. (Reporting by Razak Ahmad; Editing by Jerry Norton)

No caning sentence for beer-drinking Malaysia woman

Malaysia has dropped a caning sentence imposed on a woman for drinking beer, a case that has raised concerns of intolerance in the mainly Muslim country. Shukarno Mutalib, the father of the 32-year-old woman, told Reuters he had received a letter from Islamic authorities indicating the caning has been replaced by another penalty, but few details had been given.

“I have also been asked to present my daughter before the religious authorities on Friday for her to undergo a ‘three week’ punishment, but we do not know yet whether it will be community service or detention,” he said.

Islamic affairs officials could not be immediately contacted.

The woman, Kartika Sari Dewi Shukarno, was sentenced to six strokes of the cane and a fine after she was caught drinking beer by Islamic enforcement officials two years ago at a hotel lounge in the central state of Pahang.

In February, three Muslim women were caned for the first time under Islamic laws for having sex out of wedlock.

Malaysia practises a dual-track legal system, with Islamic criminal and family law applicable to Muslims. Non-Muslims, who make up about 45 percent of Malaysia’s 28 million residents, are subject to civil law.

The canings reflect growing conservatism in a country long portraying itself as a moderate Islamic state and have begun to concern investors.

Since taking office in April last year, Prime Minister Najib has pledged political and economic reforms to woo investments and reverse his ruling coalition’s historic election losses in 2008.

But ethnic and religious tensions have worsened following a row sparked after a court in December last year allowed Christians to use the word “Allah”.

Political uncertainties in Malaysia since the 2008 election has hit net portfolio and direct investment outflows to the tune of $61 billion in 2008 and 2009, according to official data.

(Reporting by Razak Ahmad; Editing by Ron Popeski)

No caning sentence for beer-drinking Malaysia woman

(Reuters) – Malaysia has dropped a caning sentence imposed on a woman for drinking beer, a case that has raised concerns of intolerance in the mainly Muslim country. Shukarno Mutalib, the father of the 32-year-old woman, told Reuters he had received a letter from Islamic authorities indicating the caning has been replaced by another penalty, but few details had been given.

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“I have also been asked to present my daughter before the religious authorities on Friday for her to undergo a ‘three week’ punishment, but we do not know yet whether it will be community service or detention,” he said.

Islamic affairs officials could not be immediately contacted.

The woman, Kartika Sari Dewi Shukarno, was sentenced to six strokes of the cane and a fine after she was caught drinking beer by Islamic enforcement officials two years ago at a hotel lounge in the central state of Pahang.

In February, three Muslim women were caned for the first time under Islamic laws for having sex out of wedlock.

Malaysia practices a dual-track legal system, with Islamic criminal and family law applicable to Muslims. Non-Muslims, who make up about 45 percent of Malaysia’s 28 million residents, are subject to civil law.

The canings reflect growing conservatism in a country long portraying itself as a moderate Islamic state and have begun to concern investors.

Since taking office in April last year, Prime Minister Najib has pledged political and economic reforms to woo investments and reverse his ruling coalition’s historic election losses in 2008.

But ethnic and religious tensions have worsened following a row sparked after a court in December last year allowed Christians to use the word “Allah.”

Political uncertainties in Malaysia since the 2008 election has hit net portfolio and direct investment outflows to the tune of $61 billion in 2008 and 2009, according to official data.

(Reporting by Razak Ahmad; Editing by Ron Popeski)

Malaysia PM unveils economic reforms

Malaysia’s prime minister on Tuesday unveiled long-promised economic reforms that he said would make this Southeast Asian country a developed nation by 2020 but he provided few clues as to how he would get there.

Najib Razak’s “New Economic Model” said Malaysia would grow by 6.5 percent a year from 2011 to 2020 so as to be able to join the club of developed nations. He pledged to cut the budget deficit and introduce new taxes to do so.

“We can’t afford to duck the issues any longer. If we are to truly tackle inequality and become a beacon of progress in the region, we must create a sense of urgency to reform,” Najib told the “Invest Malaysia” business summit.

The ringgit currency which has rallied 4.58 percent this year, largely on the back of a rate hike this month from the Malaysian central bank, was little moved after the policy announcement at 3.265 per dollar compared with 3.26 at Monday’s close.

Najib, a 56 year old British-trained economist, took office a year ago pledging to reinvigorate his ruling coalition after it stumbled to its worst election results in 2008.

He also said he would remodel Malaysia’s commodity and export-dependent economy to attract high value service and technology investments at a tine when countries such as Thailand and Indonesia have drawn an increasing share of investment.

However, Najib barely touched on the raft of economic and social privileges intended for the majority Malay residents that critics say has engendered graft. The prime minister is reliant on the 55 percent Malay population for votes.

Political uncertainty in Malaysia since the 2008 elections has hit net portfolio and direct investment outflows to the tune of $61 billion in 2008 and 2009, according to official data and Malaysia’s economy shrank 1.7 percent in 2009.

A strong export-led rebound this year will likely see the economy grow by 4.5-5.5 percent, according to Malaysia’s central bank.

(Reporting by Razak Ahmad and Soo Ai Peng; Writing by David Chance; Editing by Julie Goh and Ron Popeski)

Malaysia’s Anwar sodomy trial postponed until May

The sodomy trial of Malaysian opposition leader Anwar Ibrahim has been postponed to May, prolonging tension over what the opposition says is a politically motivated case.

Judge Zabidin Mohd Diah on Thursday ordered the deferral after the defence asked for dates that would allow Anwar to attend parliament.

The trial was due to have resumed on Thursday with a defence cross examination of his 23 year-old male accuser.

Sodomy is a criminal offence in this mainly Muslim country and if convicted, the 63 year-old Anwar could be sentenced to up to 20 years jail, effectively ending his political career.

“This is a malicious, trumped up case and shouldn’t have started in the first place,” Anwar told reporters outside court.

He was first tried on corruption charges and then for sodomy after his sacking as deputy prime minister in 1998 amid a political feud with then premier Mahathir Mohamad.

His sodomy conviction was overturned in 2004, freeing him from a six-year prison sentence to lead a three-party opposition alliance that staged its biggest electoral success in 2008.

The opposition deprived the government of its two-thirds parliamentary majority and ended up in control of five of the country’s 13 states.

Anwar returned to parliament after a bar on him holding office lapsed and has led the opposition to victory in seven out of nine state and national by-elections since the 2008 polls.

(Reporting by Razak Ahmad; Editing by Nick Macfie)