EVENING 5: JP Morgan upgrades Malaysia
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. JP Morgan upgrades Malaysia amid economic reforms, renewed investor confidence and data-centred investments.
2. Bank Negara keeps the benchmark interest rate unchanged, amid resilient economic growth and manageable inflation.
3. The IRB slaps Astro Malaysia Holdings’s subsidiaries with additional tax demands totalling RM734.88 million.
4. The government will co-finance the Johor-Singapore Special Economic Zone’s infrastructure with the private sector.
5. Shin Yang Group buys stakes in car dealership companies for RM144.5 million to diversify its revenue streams.