Business news summary for Jan 31 to Feb 6

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A quick recap, from the business world.

Grab Holdings Ltd has completed its acquisition of a majority stake in mass-premium supermarket chain Jaya Grocer Holdings Sdn Bhd.Grab and Jaya Grocer announced it had rolled out GrabPay and GrabRewards across all Jaya Grocer physical retail stores, expanding the usage of Grab's popular cashless wallet.Public Mutual Bhd, a wholly-owned subsidiary of Public Bank, has declared distributions totalling about RM65mil for 11 funds for the financial year ended Jan 31, 2022.

It also declared distributions for Public Islamic Optimal Growth Fund , Public Islamic Global Balanced Fund , Public e-Sukuk Fund , PB Dividend Builder Equity Fund , and PB Asia Consumer Sector Fund . - It also keeps pressure on competing vegoils, some of which should have a production comeback this year, especially rapeseed oil.

 

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