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...
Prime Minister Datuk Seri Anwar Ibrahim unveiled Malaysia’s ambition to become a top 30 economy and achieve high-income nation status by 2030, emphasizing a shift toward a value-creation economy and innovation-led growth.
Key Goals:
Move from a consumer economy to a technology leader producing world-class “Made by Malaysia” products.
Strengthen competitiveness through local tech development and digital transformation.
Position Malaysia as a Southeast Asian leader in AI, digital tech, and renewable energy.
AI as a National Priority:
Anwar highlighted the National AI Action Plan 2030 as a cornerstone for talent development, research, and commercialization to drive broad AI adoption and establish Malaysia as an AI-driven nation.
Strategic Focus:
Invest in AI, data analytics, and government digital systems as critical assets.
Foster a culture of innovation to accelerate Malaysia’s move toward a value-based economy.
Summary: Malaysia’s 13th Malaysia Plan sets a bold target to rank among the world’s top 30 economies by 2030, with AI and digital innovation at the heart of its strategy for long-term growth.
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