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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec

Malaysia’s AI Impact Study Targets 10 Key Sectors for Workforce Evolution

The Malaysian government is set to release a comprehensive study on the impact of artificial intelligence (AI) on the job market, focusing on 10 strategic sectors, according to Human Resources Minister Steven Sim Chee Keong. The report, conducted by the ministry, aims to shape the evolution of roles and skills in the country’s workforce over the next three to five years.


The targeted sectors include information and communications technology (ICT), global business services, aerospace, food manufacturing and services, wholesale trade and retail, electronics and engineering, and pharmaceutical manufacturing. Additionally, the study will address the impact of AI on industries such as medical devices, energy, chemical, power, marine and offshore, tourism, and hotels and accommodation.

Minister Sim emphasized that this study will be a crucial tool for understanding how AI can improve these sectors. He also highlighted that the report will examine AI's potential to create better job opportunities while addressing the challenges posed by automation and digitalisation.

The report is part of a broader initiative, including a study on the effects of AI, digitalisation, and the green economy on Malaysia’s labor market, which is expected to be finalized by the end of this month.

Speaking at the National Human Capital Conference and Exhibition (NHCCE) 2024, Sim described the event as a platform for critical discussions on the role of AI in the workplace and its implications for the future of jobs. Organised by HRD Corp, the event will run from Sept 30 to Oct 2 at the Malaysia International Trade and Exhibition Centre (Mitec) and aims to address the challenges and opportunities AI presents to the regional workforce.

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