KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
The unity government, through the Ministry of Digital, is committed to working with digital industry players to bolster the sector in Malaysia, according to Digital Minister Gobind Singh Deo. He emphasized the importance of collaboration and welcomed industry leaders to offer their insights and feedback to help draft future digital policies.
Key Points for Industry Stakeholders:
Collaboration Invitation:
- Minister's Call: Gobind Singh Deo invited digital industry leaders to engage with the ministry, providing suggestions and feedback to shape future digital policies.
- Ecosystem Setup: Emphasized the need to understand past challenges and experiences to create a robust ecosystem for future advancements.
Government Support:
- Policy Development: The government seeks to incorporate input from industry players while offering full support to drive Malaysia's digital journey forward.
- Collective Effort: Gobind highlighted that the digital transformation cannot be achieved by the government alone and requires active participation from industry experts.
Economic Contribution Target:
- GDP Goal: The digital economy is targeted to contribute 25.5% to Malaysia’s GDP by 2025.
- Optimizing Platforms: Encouraged stakeholders, including the general public, to maximize the use of government-provided digital platforms to develop and expand their businesses.
Digital Literacy and Participation:
- Empowering Malaysians: Aimed at enabling every Malaysian to become proficient in using digital platforms, thereby transforming business approaches.
- Surpassing Targets: Gobind expressed confidence that with increased digital adoption, the 25.5% GDP contribution target could be exceeded by 2025.
Recognition of Contributions:
- PC.com Awards: Gobind spoke at the 24th PC.com Awards, recognizing individuals and companies for their significant contributions to the digital industry.
- Continued Excellence: Encouraged award recipients to continue their impactful work in the sector.
Conclusion: The Malaysian government, led by the Ministry of Digital, is poised to enhance the country's digital industry through strategic collaboration with industry players. By integrating feedback from experienced leaders and optimizing available digital platforms, the government aims to achieve and potentially surpass its ambitious economic contribution targets for the digital sector by 2025. This collaborative approach is expected to drive substantial growth and innovation in Malaysia's digital economy.
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