EVENING 5: Five things you need to know today

TheEdge Mon, May 06, 2024 07:59pm - 3 weeks View Original


EVENING 5: Shell to sell M’sian stations to Saudi Aramco?

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. Energy giant Shell is in talks with Saudi Aramco to sell its gas station business in Malaysia, says a Reuters report.

2. HSBC says Bank Negara is unlikely to follow its counterparts in Indonesia and Philippines in raising interest rates.

3. TF Value-Mart takes legal action against GCH Retail (Malaysia), which operates the Giant Hypermarket brand.

4. Proton Holdings records sales of 11,025 units in April, up by 17.1% y-o-y from 9,415 units last year.

5. Sin-Kung Logistics’s initial public offering is oversubscribed by 26.5 times ahead of its ACE Market listing.

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