KUALA LUMPUR, Jan 6 (Bernama) -- Bursa Malaysia ended lower on Tuesday, with the key index slipping 0.45 per cent amid a lack of catalysts and mild profit-taking following recent gains, in contrast with regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 7.97 points to 1,672.35 from Monday’s close of 1,680.32. The benchmark index started the day 1.91 points lower at 1,678.41 and moved between 1,667.82 and 1,679.26 throughout the day. On the broader market, gainers beat losers by 624 to 506, while some 531 counters were unchanged, 988 untraded, and 11 suspended. Turnover improved to 2.66 billion units worth RM2.76 billion against Monday’s 2.53 billion units worth RM2.40 billion.
Malaysia Budget for the Year 2012: "National Transformation Policy: Welfare for the Rakyat, Well-Being of the Nation"
The followings are the key take away from the Malaysia Budget for the Year 2012 which was tabled by the Malaysia Prime Minister, Dato Seri Najib Tun Razak last Friday in the Parliament. - The theme for Budget 2012 is “National Transformation Policy: Welfare for the Rakyat, Well-Being of the Nation” - Last year our FDI growth was the strongest in Asia and in the first 6 months of this year have already reached RM21.2bil - In 2012, private investment is forecast to climb 15.9%, supported by foreign and domestic investment - GDP in the first 6 months of 2011 was 4.4%, driven by strong domestic consumption - In 2011, the economy is forecast to grow by 5-5.5% - Private and public investment are forecast to increase by 15.9% and 7%, supported by foreign investment, the ETP and 10MP - In 2012, the service sector is expected to grow 6.5%, the construction sector 7% and GDP is forecast to be between 5 and 6% - Budget 2012 allocates RM232.8bil for Government plans, including RM181.6bil for manag...