<div class=newsTextDataWrapInner><p dir="ltr">Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.</p></div>

<div class=newsTextDataWrapInner><p dir="ltr">1. Media Prima Bhd announced that it has been <a href="https://www.theedgemarkets.com/article/media-prima-confirms-possible-staff-layoff-it-speeds-business-transformation" target="_blank">forced to expedite</a> the next stage of its business transformation exercise.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p dir="ltr">2. Malaysia registered a<a href="https://www.theedgemarkets.com/article/malaysia-registers-trade-deficit-april-its-first-over-22-years" target="_blank"> trade deficit</a> in April, its first monthly deficit in over 22 years.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p dir="ltr">3. Credit Suisse has <a href="https://www.theedgemarkets.com/article/credit-suisse-raises-target-price-top-glove-rm23-expects-record-fy21" target="_blank">more than doubled</a> its target price for Top Glove Corp Bhd, in anticipation of a bumper year.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p dir="ltr">4. Covid-19 infections <a href="https://www.theedgemarkets.com/article/covid19-malaysias-new-cases-jump-277-28-recoveries-no-deaths-reported" target="_blank">spiked today</a>, mostly due to the Bukit Jalil Immigration cluster.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p dir="ltr">5. Berjaya Corp Bhd is seeking<a href="https://www.theedgemarkets.com/article/berjaya-corp-seeks-shareholder-ratification-sale-four-seasons-hotel-kyoto-realise-rm649m" target="_blank"> shareholder ratification</a> for the sale of its Kyoto hotel.&nbsp;</p></div>

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Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. Media Prima Bhd announced that it has been

EVENING 5: Five things you need to know today

US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.

Yellen counsels caution on currency intervention after yen surge

Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.

Labour mayor wins cap triumphant election run for Starmer

Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.

Paytm appoints new executives as COO resigns

Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.

Warren Buffett says taxes may rise to offset widening US deficits

Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.

Ping An votes against reappointment of HSBC CEO as director — Reuters

Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).

Treasure of Borneo

In the May 6 issues of City & Country, the cover story features Eastern & Oriental Bhd’s (E&O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.

Developing community living sustainably

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

<p>Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.</p>


<p>Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).</p>


<p>In the May 6 issues of <i>City &amp; Country</i>, the cover story features Eastern &amp; Oriental Bhd’s (E&amp;O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.</p>


<p>China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told <i>Reuters</i> on Saturday, as the investor voted against such a move.</p>


<p>Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.</p>


<p>Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.</p>


<p>Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.</p>
