KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Key Takeaways China designates 2025–2027 as a critical window for accelerating AI adoption. Policy priorities focus on six areas: science & technology, industry, consumption, public welfare, governance, and global cooperation . Milestone targets: 70% AI penetration by 2027 , 90% by 2030, and a fully intelligent economy by 2035. Government to deploy policy tools, financial support, and institutional reforms to drive progress. Resource allocation includes computing power optimisation, shared platforms, and AI product adoption to reduce R&D costs. Policy Direction The National Development and Reform Commission (NDRC) published new guidelines under the “AI Plus” initiative , signalling Beijing’s push to transform the digital economy into a smart, AI-driven economy . Director Huo Fupeng stressed that the next one to two years mark a decisive period for deployment, requiring mobilisation of resources from government, i...