KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 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...