Friday 09 Jun 2023
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EVENING 5: Najib, Arul Kanda acquitted in 1MDB audit case

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

1. Datuk Seri Najib Razak and Arul Kanda Kandasamy are freed in the 1MDB audit report tampering trial.

2. RHB Research expects Bank Negara Malaysia to hike the overnight policy rate by 25 bps next Thursday.

3. PPB Group experiences a 30%-38% in utility cost following the subsidy removal and new electricity rate.

4. Proton Holdings says its vehicle sales increased by 52% year-on-year to 14,033 units delivered in February.

5. N2N Connect calls off its plan to transfer its listing from Bursa Malaysia’s ACE Market to the Main Market.

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