EVENING 5: Five things you need to know today

TheEdge Wed, Jun 03, 2020 10:28pm - 3 years View Original


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

1. Communications and Multimedia Minister Datuk Saifuddin Abdullah cancels his order to award portions of the 700MHz band to five companies.

2. One in five Malaysians have lost their jobs and one in three took pay cuts amid the MCO, according to a survey by JobStreet

3. The FBM KLCI continues to rise for a sixth straight day to a four-month high on buying interest in battered banking stocks

4. AmInvestment Bank, CGS-CIMB Securities and UOB Kay Hian Securities (M) tighten their share margin financing standards for shares in rubber glove makers

5. Proton Holdings says it sold 5,676 vehicles in May, down 46.5% from 10,611 units a year earlier amid Covid-19 restrictions.

 

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