KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.47 points, or 0.43 per cent, to 1,733.36 compared with Monday’s close of 1,725.89. The benchmark index opened 1.63 points higher at 1,727.52, and fluctuated between 1,723.60 and 1,734.53 throughout the day. On the broader market, losers outpaced gainers 762 to 438, while 576 counters were unchanged, 1,075 untraded and 16 suspended. Turnover expanded to 3.74 billion units valued at RM2.91 billion from 3.45 billion units valued at RM2.74 billion on Monday.
The investment will fund expansion and infrastructure upgrades as Boeing works toward its goal of producing 10 Dreamliners per month by 2026—double the current rate. The initiative will also create 500 new jobs over the next five years, strengthening Boeing’s position in the competitive aerospace market.
Addressing Production Challenges
Boeing has faced numerous setbacks in delivering its wide-body jets. Dreamliner deliveries were paused for nearly two years until mid-2022 due to production and regulatory issues. Additional challenges, including incomplete inspections and improperly installed fasteners, have delayed deliveries, leaving the company with 785 unfulfilled orders as of last month.
The company has also struggled with delays in its 737 MAX production line, compounded by a machinist strike and quality issues earlier this year.
Staying Competitive
Boeing’s investment signals its commitment to resolving these challenges and catching up with rival Airbus, which plans to produce 12 A350 jets per month by 2028. The move underscores the high demand for wide-body jets as airlines gear up to meet post-pandemic travel demand.
By doubling its production pace and enhancing operational efficiency, Boeing aims to solidify its leadership in the aerospace sector while addressing customer demands.
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