EVENING 5: IPIC, Aabar to pay US$1.8 billion 1MDB settlement

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

1. IPIC and its subsidiary Aabar Investments PJS agree to pay the government US$1.8 billion 1MDB settlement.

2. A massive vaccine provision pulls Pharmaniaga into the red, triggering the PN17 status for financially distressed firms.

3. Maybank books a 5.4% growth in 4QFY2022 net profit and declares a second interim cash dividend of 30 sen.

4. Public Bank’s 4QFY2022 net profit grows 24.1% and announces a third interim dividend of five sen.

5. PT Resources Holdings inks a deal to jointly develop a RM1 billion supply chain park in Kuantan, Pahang.