EVENING 5: Malaysia agrees to global minimum tax

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

1. Putrajaya agrees in principle to implement a global minimum tax of 15% on certain multinational companies.

2. Malaysia sees a slight oversupply of chicken on the back of measures including the abolition of APs and the export ban.

3. FELDA buys a further 3.22 million shares in FGV Holdings from the open market between July 26 to 28.

4. The PAC is not happy that the government chose not to fully declassify a report related to the AES.

5. Analysts expect the margin squeeze at Nestlé (Malaysia) to continue, with pressure to ease earliest by 2QFY23.