EVENING 5: Five things you need to know today

EVENING 5: Five things you need to know today
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EVENING 5: BNM hikes OPR to 2.5%

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

1. Bank Negara says it’s "not on any pre-set course” after hiking its overnight policy rate by 25 bps for the third straight time.

2. Axiata Group’s unit edotco Group is said to be considering a share sale that could raise as much as US$600 million.

3. Hextar Technologies Solutions secures a moneylender licence from the Ministry of Housing and Local Government.

4. PM Datuk Seri Ismail Sabri Yaakob says Malaysia’s franchise industry should see sales rise to RM22.66 billion by 2025.

5. Bursa Malaysia ends higher today amid the improved regional market sentiment after Wall Street’s overnight rally.