EVENING 5: Five things you need to know today
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. Nasdaq-listed Enovix Corp, which is an advanced silicon battery company, will invest a total of US$1.2 billion (RM5.8 billion) in Malaysia over a period of 15 years.
2. Pecca Group Bhd, which posted record profit and revenue for the past three financial years, is confident of maintaining its earnings momentum with another set of all-time high figures.
3. United Plantations Bhd recorded a net profit of RM235.68 million for its third quarter ended Sept 30, 2023, up 19.8% thanks largely to lower operating and income tax expenses.
4. Salutica Bhd, which is involved in a legal suit with Apple's unit in Malaysia for alleged patent infringement, has filed a similar suit against the US tech giant's Singapore-based subsidiary.
5. An economist on Thursday urged the government to deliver on its promises of reforms that would eventually strengthen investors’ confidence in the country's prospects and potentially stem weakness in the local currency.
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