Good morning. Here's what you should know today.
Key Highlights
Sultan slams coup rumours
Govt to end 5G monopoly
OPR back to pre-pandemic level
Sultan slams coup rumours
Johor's Sultan Ibrahim Sultan Iskandar called for an end to politicking that caused instability.
The monarch said the people should not be made to endure further instability and that the economy should be prioritised.
The royal rebuke came after rife speculation of a coup attempt allegedly by Perikatan Nasional.
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Govt to end 5G monopoly
The government has announced a plan that would end Digital Nasional Berhad's 5G network monopoly.
The plan is for DNB to continue rolling out 5G services as is for now.
However, once the rollout hits 80 percent - targeted later this year - the government will switch to a dual-network system.
CelcomDigi terminated its share subscription agreement with DNB not long after the announcement.
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OPR back to pre-pandemic level
Bank Negara increased its overnight policy rate by 25 basis points to 3 percent.
Those with home loans and other floating interest rate loans will have to pay higher interest going forward.
Economists - who mostly expected Bank Negara to maintain the OPR rate at 2.75 percent - expect the hike this week to be the last for this year.
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Views that matter
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Other news that matter
The founder of Rumah Bonda was jailed for 12 years following her conviction on two counts of neglecting and abusing a teen with Down Syndrome, known as Bella.
The judge also rejected a stay of execution on the sentence pending appeal.
Belantik assemblyperson Mohd Isa Shafie is in critical condition at the ICU of Sultan Abdul Halim Hospital in Sungai Petani.
Parliament will open its doors to the public this weekend for its inaugural "open day", including guided tours.
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