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<div class=newsTextDataWrapInner><p class="thumb-cap">EVENING 5: Eversendai bags projects worth RM5.4b</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
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<div class=newsTextDataWrapInner><p>Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.</p></div>

<div class=newsTextDataWrapInner><p>1. Eversendai Corp secures <a href="https://theedgemalaysia.com/node/704439" target="_blank">four new projects worth RM5.4 billion</a> in Saudi Arabia, the United Arab Emirates and India.</p></div>

<div class=newsTextDataWrapInner><p>2. Retirement Fund Inc (KWAP) emerges as a <a href="https://theedgemalaysia.com/node/704472" target="_blank">substantial shareholder in CTOS Digital</a> amid heavy selling pressure.</p></div>

<div class=newsTextDataWrapInner><p>3. <a href="https://theedgemalaysia.com/node/704405" target="_blank">MAHB climbs to its highest in nearly five years</a> as analysts see an upside following the revision in airport tax.</p></div>

<div class=newsTextDataWrapInner><p>4. <a href="https://theedgemalaysia.com/node/704483" target="_blank">Bermaz Auto’s 3Q earnings slip</a> amid lower sales and a change in sales mix from domestic operations of its Mazda marque.</p></div>

<div class=newsTextDataWrapInner><p>5. Rakuten Trade expects <a href="https://theedgemalaysia.com/node/704446" target="_blank">the ringgit to strengthen to 4.50-4.55</a> by year-end and the <a href="https://theedgemalaysia.com/node/704424" target="_blank">benchmark FBMKLCI to hit 1,660</a>.</p></div>


Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

The Ministry of Transport (MOT) has never allowed any e-hailing service provider to use the price bidding system for passengers in the country, said Minister Anthony Loke Siew Fook.

Loke says e-hailing price bidding system never approved by MOT

Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to Qatar from Sunday to Tuesday aimed at strengthening the long-standing relations and multifaceted cooperation between Malaysia and Qatar, said the Foreign Ministry.

Anwar to undertake official visit to Qatar from Sunday to Tuesday

A viral message claiming that Malaysia is the first Asean member country sanctioned by the US is fake, according to Communications Minister Fahmi Fadzil.

Viral message of US imposing sanctions on Malaysia is fake, says Fahmi

It is the polling day for the Kuala Kubu Baharu (KKB) by-election, with approximately 50.87% of eligible voters having cast their ballots as of 3pm on Saturday, as reported by the Election Commission (EC).

Kuala Kubu Baharu by-election: 50.87% voter turnout as of 3pm

A news report attributed to Reuters that Malaysia is the first country in Southeast Asia to be listed by the US as a state sponsor of terror is false.

Reuters says report on Malaysia listed as state sponsor of terror is false

Residents of Kuala Kubu exercised their democratic right today at 18 polling stations, with voting starting at 8 am. A total of 40,226 voters are eligible to participate in the by-election. It is a four-way contest between Pang Sock Tao (PH), Khairul Azhari Saut (PN), Hafizah Zainuddin (PRM), and Nyau Ke Xin (independent). Notably, none of the candidates will be voting as they are not registered voters in the constituency.

NEWS: KKB goes to the polls

The Kuala Kubu Baharu by-election results will be known as early as 9pm on Saturday, said Election Commission (EC) deputy chairman Dr Azmi Sharom.

Kuala Kubu Baharu by-election results expected to be known as early as 9pm

KUALA LUMPUR (May 10): Paramount Corp Bhd (KL:PARAMON) bought a 21.54% stake in Eco World International Bhd (EWI)(KL:EWINT) for RM170.61 million in cash.

Paramount buys 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m cash

Pakatan Harapan’s Pang Sock Tau, who will be representing her party in the Kuala Kubu Baharu by-elections, has urged all eligible voters to come out and vote early.

NEWS: KKB voters urged to turn out early

Long considered a tech hinterland, Southeast Asia is fast emerging as a centre of gravity for the industry.

Tech giants starting to treat Southeast Asia like next big thing, Bloomberg reports

<p>Long considered a tech hinterland, Southeast Asia is fast emerging as a centre of gravity for the industry.</p>


<p>A news report attributed to <em>Reuters</em> that Malaysia is the first country in Southeast Asia to be listed by the US as a state sponsor of terror is false.&nbsp;</p>


<p>Digital business solutions provider Cuscapi Bhd (KL:CUSCAPI) said Securities Commission Malaysia has approved its associate company MX Global Sdn Bhd to facilitate the trading of the Worldcoin (WLD) token on digital asset exchanges recognised by the SC.</p>


Cuscapi says SC has okayed trading of Worldcoin on digital asset exchanges in Malaysia

<p>RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.</p>


RHB pushes hard for desired growth

<p>It is the polling day for the Kuala Kubu Baharu (KKB) by-election,&nbsp;with approximately 50.87%&nbsp;of eligible voters having cast their ballots as of 3pm on Saturday, as reported by the Election Commission (EC).</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.</p>


PM urges Sime Darby Plantation to pioneer less reliance on foreign labour

<p>It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.</p>


The Week Ahead: Malaysia’s 1Q GDP, US CPI data in focus

<p>Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.</p>


Invest Selangor eyes RM7b transaction value from SIBS 2024

<p>A rally in&nbsp;global&nbsp;equity&nbsp;markets&nbsp;lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US&nbsp;economic growth.</p>


Global stocks rally, Europe at record highs, dollar gains

<p>Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of&nbsp;tariffs&nbsp;expected to be announced by the US.</p>


Soyoil jumps on bets US tariffs to include Chinese cooking oil

<p>No major app developers have signed up to use outside payment options that Apple Inc&nbsp;introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.</p>


Apple says no major app developers accept new outside payments

<p>The Kuala Kubu Baharu by-election results will be known as early as 9pm on Saturday, said Election Commission (EC) deputy chairman Dr Azmi Sharom.</p>


<p>China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices extended a long decline that highlights weak demand in the economy. &nbsp;</p>


China's consumer inflation edges up, factory prices extend slump

<p>A total of&nbsp;18 polling centres with 74 voting streams for the Kuala Kubu Baharu&nbsp;state by-election opened simultaneously at&nbsp;8am on Saturday.</p>


Eighteen polling centres open at 8am for Kuala Kubu Baharu by-election

<p>A viral message claiming that Malaysia is the first Asean member country sanctioned by the US is fake, according to Communications Minister Fahmi Fadzil.</p>


<p>Once again, US economic and market forecasters are having a difficult time. Worse, while 2023 surprised on the upside, the deviation from projections in 2024 could be much less favorable.</p>

<p>Recall the start of 2023. Forecasters had overwhelmingly anticipated a difficult year for economic ...

The Risk Factor: Navigating Major Transitions in an Uncertain Economy

<p>Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to Qatar from Sunday to Tuesday aimed at strengthening&nbsp;the long-standing relations and multifaceted cooperation between Malaysia and Qatar, said the Foreign Ministry.</p>
