EVENING 5: Five things you need to know today

TheEdge Wed, Nov 15, 2023 10:26pm - 3 months View Original

EVENING 5: MOH seeks AGC’s advice as Pharmaniaga ignores letter of demand

Here’s a quick look at some of the stories that made headlines today.

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

1. The Ministry of Health is seeking advice from the Attorney-General’s Chambers on the appropriate course of action as Pharmaniaga Logistics Sdn Bhd has refused to comply with a letter of demand issued by the ministry regarding shortcomings in the procurement of faulty ventilators.

2. Malaysian consumers and businesses have grown more pessimistic in the third quarter of the year, according to studies done by the Malaysian Institute of Economic Research.

3. Berjaya Food Bhd’s net profit for the first quarter ended Sept 30, 2023 halved as inflationary cost pressures hurt margins.

4. Newly-listed ACE Market counter Plytec Holding Bhd saw a very muted debut. 

5. A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the 2Q2023, according to Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir.

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