Friday 26 Apr 2024
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EVENING 5: World Bank’s IFC warns of financial crisis

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

1. The World Bank’s private sector arm IFC is reportedly warning that the Asia-Pacific region could be in for a damaging financial crisis.

2. Employees in Malaysia saw an average 4.4% hike in monthly earnings last year, though any increase this year will likely be smaller.

3. Top Glove Corp records its best-ever quarterly net profit, with 4QFY20 earnings blowing past analyst estimates to RM1.29 billion.

4. TNB takes control of one of the UK's largest solar-energy portfolios in a deal that values the assets at £500 million (RM2.68 billion).

5. Sapura Energy’s subsidiaries and joint venture bag RM840 million worth of jobs across Mexico, Brazil and Ivory Coast.

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