EVENING 5: SC & Bursa issue statements to calm market jitters
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. The Securities Commission Malaysia and Bursa Malaysia Bhd said they are closely monitoring the recent market conditions amid the heightened volatility in certain stocks.
2. Putrajaya will increase household assistance to RM1,200 this year from RM600 last year under the Sumbangan Asas Rahmah programme.
3. UEM Group Bhd will collaborate with Itramas Corp Sdn Bhd and Hexa Renewables on the first phase of the national flagship 1GW hybrid solar photovoltaic energy transition project.
4. LB Aluminium Bhd is acquiring two factories and an office for RM30.42 million, cash.
5. Grab Malaysia said it has seen a "good number" of its active delivery partners benefitting from the new earning structure in the past few days.