EVENING 5: Five things you need to know today

TheEdge Thu, Mar 07, 2024 09:57pm - 1 month View Original


EVENING 5: BNM continues to hold OPR at 3%

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. Bank Negara Malaysia on Thursday kept the benchmark interest rate unchanged, as widely expected, citing improving economic growth and moderating inflation.

2. American tyre company Goodyear said on Thursday it will continue to sell their products in Malaysia following the closure of its manufacturing plant in Shah Alam, Selangor.

3.  Property developer Exsim Group's founders, the Lim brothers, are acquiring a 65.9% stake in Pan Malaysia Holdings Bhd from three companies linked to prominent businessman Tan Sri Khoo Kay Peng.

4. PLS Plantations Bhd has inked a deal with China-based Guangzhou Jiangnan Agriculture Development Co Ltd to build a regional one-stop wholesale market in Johor.

5. Dagang NeXchange Bhd is planning to collaborate with Korea Trade Network on several trade-related initiatives.

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