Good morning,

The closure of Qenos could blow a fresh hole in plans to increase plastics recycling in the country, industry experts say.

A top energy analyst has criticised influential proxy adviser CGI Glass Lewis for its attack on Woodside Energy chair Richard Goyder over climate concerns, heightening tensions ahead of the looming annual general meeting.

And liquidation and insolvency player KordaMentha has inserted itself in a $500m face-off between Sydney deal-maker Jon Adgemis and Bain Capital, with the restructuring firm sounding out backers exposed to Public Hospitality Group as an exclusivity period ticks down.

And for those in the legal field, The Australian is launching a new, free newsletter Ipso Facto with scoops, analysis and comment each week. Sign up here.

Five things to know this morning

1. ASX is set for a positive start to the week with local housing finance data, business and consumer confidence updates on investor radars. Overseas, central bank meetings in NZ, Canada and Europe will be in focus along with inflation updates from the US and China. US Federal Reserve's March meeting minutes are also due this week.
2. Chinese investment in Australia continues to fall as Beijing takes a more strategic view of offshore spending and its companies exhibit caution about Australia’s tighter foreign investments law.
3. Qantas will unveil details of a much anticipated change to its frequent flyer program on Monday, in a move designed to appease members struggling to redeem points in the way they most want.
4. The country’s red hot rental price growth is set to cool as stretched household budgets will be unable to bear more increases, according to forecaster Oxford Economics.
5. Fortescue will open Australia’s largest electrolyser manufacturing facility at Gladstone on Monday as part of plans by the Andrew Forrest-backed mining giant to become a major force in hydrogen and renewable energy.