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. Nestlé (Malaysia) Bhd saw its net profit decline 48% in the second quarter due to a drop in domestic sales, reflecting subdued consumer sentiment. 

2. A total of 3.4 million of Employees Provident Fund members under the age of 55 have made withdrawals from the Flexible Account amounting to RM8.9 billion as of July 19, 2024.

3. Prudential plc has emerged as a substantial shareholder at Penang-based automated test equipment maker TT Vision Holdings Bhd.

4. KIP Real Estate Investment Trust said on Thursday its net property income surged 63% in the final quarter of 2024 earlier, thanks to strong gain of retail properties.

5. Plastic material and resin manufacturer Luxchem Corp Bhd's net profit for the second quarter jumped 30%, thanks to higher contributions from both trading and manufacturing activities.