EVENING 5: Five things you need to know today

TheEdge Wed, Oct 12, 2022 09:55pm - 1 year View Original


EVENING 5: Caely founder withdraws suit against company and ex-directors

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

1. Caely Holdings Bhd founder Datin Fong Nyok Yoon has withdrawn her suit against the company and six former directors. 

2. The International Monetary Fund has raised its growth forecast for Malaysia in 2022. 

3. Almost half of the developers surveyed by the Real Estate and Housing Developers’ Association did not plan any launches in the second half of 2022. 

4. OpenSys (M) Bhd is banking on a rebound in its cash recycle machine business to drive growth. 

5. Zhulian Corp Bhd saw its 3QFY22 net profit drop due to lower revenue and weaker sentiment. 
 

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