EVENING 5: BNM slashes OPR amid pandemic pain

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

1. Bank Negara cuts the overnight policy rate to a record low of 1.75% as Covid-19 headwinds batter the economy.

2. Tan Sri Abdul Wahid Omar suggests that Malaysia replicate the GLC Transformation Programme to address the lacklustre performance of corporate Malaysia.

3. Malaysia’s national poverty rate is likely to rise as Putrajaya works on revising the country’s poverty line, which is based on 2005 data.

4. TH Heavy Engineering’s chairman Izad Shahadi Mohd Sallehuddin steps down after less than a year at the helm.

5.Advancecon Holdings unit, Advancecon Solar will build a rooftop solar photovoltaic system for Peritone Health in Kedah.