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

1. Malaysia’s rising inflation exceeds market expectations in June as food prices accelerate by 6.1% y-o-y.

2. The price of bottled cooking oil at the retail level falls in line with the decline in crude palm oil prices.

3. Petronas is reportedly forecast to contribute as much as RM59 billion this year to the government.

4. AMMB Holdings says it is not in talks with any parties about the disposal of its interest in AmInvest.

5. Ex-president and group MD of Bank Pembangunan Malaysia Datuk Mohd Zafer Mohd Hashim passes away.