EVENING 5: Five things you need to know today

TheEdge Fri, Mar 27, 2020 09:41pm - 4 years View Original


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

1. The government has unveiled a mammoth RM250 billion stimulus package as it attempts to bubble wrap the economy from being wrecked by Covid-19.

2. Part of the Covid-19 stimulus package includes cash handouts to tide over the M40 and B40.  

3. In line with Bank Negara Malaysia’s decision to grant an automatic moratorium on loan payments for six months, a number of banks have announced adjustments to their loan policy. 

4. MIDF Amanah Investment Bank Bhd Research has downgraded AirAsia Group Bhd after the airline announced it was grounding its fleet. 

5. After weeks of bleeding, the FBM KLCI ended on a two-week high.

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