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 ...
The government's ongoing efforts to eradicate extreme poverty and the methods used to define the categories of poverty are among the key topics highlighted in today's Dewan Rakyat session.
According to the Order Paper published on Parliament's website, Datuk Siti Zailah Mohd Yusoff (Perikatan Nasional-Rantau Panjang) is expected to raise the issue with the prime minister during the minister's question time.
In addition, Datuk Mohd Shahar Abdullah (Barisan Nasional-Paya Besar) will question the prime minister on the government's reform agenda concerning government-linked companies (GLCs) and government-linked investment companies (GLICs). He will inquire about how these entities can maintain a balance between corporate goals and national socioeconomic responsibilities while ensuring Malaysia's economic viability, competitiveness, and resilience.
Lee Chuan How (Pakatan Harapan-Ipoh Timor) will also ask the education minister to update the latest status of the book voucher distribution initiative and its total allocation.
Rodiyah Sapiee (Gabungan Parti Sarawak-Batang Sadong) will address the plantation and commodities minister, seeking strategic measures to boost palm oil production, given the industry's current decline, which raises concerns about potential challenges similar to those faced by the rubber sector.
Later in the day, the debate on the Supply Bill 2025 will resume, with the sitting entering its second day. This session is part of the Third Meeting of the Third Session of the 15th Parliament, which will continue for 35 days until Dec 12.
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