Friday 26 Apr 2024
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EVENING 5: Is the takeover of Gamuda’s highways off the table?

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

1. The PN government is unlikely to proceed with the takeover of Gamuda’s four tolled highways, according to Affin Hwang Capital Research.

2. A Fitch Solutions unit warns that Malaysia’s economic growth could be stuck in second gear over the next decade.

3. DRB-Hicom books a loss of RM173.27mil in 1QFY20 after movement restrictions hurt its automotive and services segments.

4. The KL High Court will announce its decision on the 1MDB forfeiture action against former minister Tan Sri Kasitah Gaddam on July 24.

5. Tencent buys Malaysian video streaming platform iflix's "content, technology, and resources".

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