KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
Johan mentioned that his team is in the final stages of preparing Prime Minister Datuk Seri Anwar Ibrahim's budget speech, which is set to be delivered on Oct 18.
“The prime minister will present Budget 2025 this Friday, following consultations with stakeholders. We are now finalizing the speech,” he said, speaking after the Financial Run 2024, an event organized in conjunction with National Sports Day.
The Budget 2025, themed "Madani Economy, Prosperous Nation, Well-being of the People," aims to introduce structural economic reforms to ensure that Malaysia's economic growth is shared equitably. It will be the last budget under the 12th Malaysia Plan (2021-2025) before the transition to the 13th Malaysia Plan.
Prime Minister Anwar has conducted discussions with sectors such as electric and electronics in Kedah and palm oil in Ipoh, underscoring the government’s effort to balance rapid economic development with equitable prosperity for all.
Additionally, the Financial Run 2024 saw over 2,000 participants and featured a garbage collection competition, aligning with Sustainable Development Goals (SDGs) to promote public cleanliness.
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