EVENING 5: Palm oil set for worst quarter in 14 years

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

1. Palm oil heads for its biggest quarterly plunge since 2008 amid rising inventories and mounting concerns of a global recession.

2. Two MISC subsidiaries ink 10-year ship lease agreements for two newly-built LNG carriers with an ExxonMobil Corp unit.

3. Datuk Seri Dr Wan Junaidi Tuanku Jaafar slams the Sulu sultanate heirs’ bid to seize Malaysia’s assets in the Netherlands.

4. Putrajaya seeks to forfeit cash, a vehicle and landed properties from former 1MDB executive director Casey Tang.

5. Property developer Encorp diversifies into silica mining, which it sees as having a “huge future potential”.