Friday 29 Mar 2024
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EVENING 5: BNM seen cutting OPR to 1.5%

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

1. DBS Group Research expects Bank Negara to cut the overnight policy rate by another 25 basis points to a new low of 1.5%.

2. The FBM KLCI finishes 8.70 points or 0.53% lower at 1,627.01 today, dragged mainly by profit-taking on banking counters.

3. The government is imposing the MCO on the entire state of Kelantan and three districts in Sarawak starting tomorrow.

4.Genting Malaysia’s subsidiary permanently shutters Genting Casino Southport in the north west of England.

5. Batu Kawan now controls 92.14% of Chemical Company of Malaysia after receiving more acceptances for its RM3.10 takeover offer.

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