EVENING 5: Five things you need to know today

EVENING 5: Genting Malaysia to shed jobs by theedgetv

-A +A

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

1. Genting Malaysia is believed to be undertaking an unprecedented sizable retrenchment exercise as it swings to a loss in 1QFY20.

2. Maybank reports 13.3% improvement in 1Q earnings, but warns of margin squeeze and possible weakness in asset quality.

3. Axiata’s 1Q net profit slumps 74%, and retracts FY20 KPI guidelines amid business uncertainties arising from the COVID-19 outbreak.

4. Sime Darby’s 3Q results nearly halve as the Covid-19 pandemic weighs on its logistics and motor segment operations.

5. 50 new Covid-19 cases are reported today, with a new cluster detected at the Bukit Jalil immigration detention depot.