EVENING 5: Five things you need to know today

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

1. Sarawak has made good on its threat to sue Petronas over the 5% sales tax it owes on petroleum and petroleum products.

2. A special EPF account will be set up for entitled individuals to receive incentives under the RM6.5bil [email protected] initiative.

3. National Audit Department director Nor Salwani Muhammad is the one who recorded the meeting that discussed the destruction of the original 1MDB audit report.

4. Petronas Dagangan’s shares took a tumble today, as uncertainty over the US-China trade spat roiled world markets.

5. Malaysian Resources Corp Bhd (MRCB) suffered a 87.3% plunge in net profit in 3QFY19, no thanks to lower revenue in all segments.