EVENING 5: Five things you need to know today

EVENING 5: Five things you need to know today
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EVENING 5: Maybank finds its new captain

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

1. The country’s largest bank Malayan Banking Bhd has announced that Datuk Khairussaleh will take over the helm come May 1. 

2. Axiata Group Bhd will be acquiring a 66.03% stake in Indonesia’s PT Link Net Tbk for a total cash consideration of IDR8.72 trillion. 

3. Affin Bank Bhd is said to have clinched a cash deal to sell its asset management arm according to sources. 

4. Lotte Chemical Titan Bhd saw its net profit for 4QFY21 surge 283% quarter-on-quarter.

5. Westports Holdings Bhd’s saw its earnings for the fourth quarter improve thanks to higher container revenue and insurance reimbursement.