EVENING 5: Five things you need to know today

EVENING 5: Five things you need to know today
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EVENING 5: Selangor eschews stricter lockdown as Covid-19 cases spike

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

1. The Selangor state government is rejecting a complete lockdown, saying there is a better way to contain the current spike in Covid-19 cases. 

2. Despite a drop in revenue, AEON Co (M) Bhd’s net profit for 1QFY21 jumped nearly threefold on better margins and cost control. 

3. Drama at NWP Holdings Bhd resulted in the police being called to disperse its board members. 

4. Magnum Bhd’s 1QFY21 net profit plunged 86% as MCO 2.0 affected draws. 

5. United Overseas Bank Malaysia Bhd has projected approved investments in Malaysia to increase by 13% in 2021.