Thursday 09 May 2024
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EVENING 5: BNM likely to hold OPR at next MPC meet

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 is likely to hold the current Overnight Policy Rate according to economists

2. Farm Fresh Bhd’s share price closed at its record low for the third consecutive trading day, on market concerns over stiff competition for raw milk.

3. Sapura Energy Bhd has decided to not pursue its appeal against the decision to allow Economy Minister Mohd Rafizi Ramli's discovery application concerning its former CEO Tan Sri Shahril Shamsudin's remuneration package.

4. The government does not rule out the possibility that the enforcement of the RM1,500 minimum wage for employers with fewer than five workers will have an impact on the country's inflation rate.

5. HCK Capital Group Bhd executive chairman Clement Hii purchased a 5.16% stake in the property developer for RM50 million, raising his total stake in the group to 57%.
 

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