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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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UK Business Lobby Warns Against More Corporate Taxes

Business on Edge

UK Chancellor Rachel Reeves is under pressure from business leaders to hold back on corporate tax hikes, as fears rise that more levies could stifle growth. The British Chambers of Commerce (BCC) urged a pro-growth stance to avoid entering a "vicious circle" of economic slowdown.




Backdrop & Tensions

  • Reeves raised £40 billion in new taxes last October, including £26 billion in employer payroll taxes.

  • The UK economy has since shed over 250,000 jobs.

  • Reeves is caught between Labour’s promises not to raise income, VAT, or employee NI, and mounting fiscal pressures.

Business Plea
BCC Chief Shevaun Haviland is calling for the government to:

  • Address skills shortages and operating costs.

  • Avoid more business taxation, which would restrict investment.

Policy Outlook

  • Reeves has hinted she may revisit her fiscal headroom, potentially raising taxes again.

  • Economists warn her fiscal leeway could shrink by £12 billion, raising the risk of further burdens on business.

  • Flexibility on fiscal rules may be necessary amid geopolitical shocks and spending pressures.

MoneyMaster Take — Key Insights:

  1. Corporate tax fatigue is real — another hike could backfire.

  2. UK business recovery remains fragile, despite government pro-business initiatives.

  3. Reeves needs a broader strategy to stimulate growth without overburdening firms.

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