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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.
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US-China Trade Spat May Cause Short-Term Disruption to Malaysia’s Chip Sector

Malaysia’s semiconductor sector may face  short-term headwinds  as renewed US-China trade tensions threaten to disrupt global supply chains,  MBSB Research  warned in a note on Thursday. The firm highlighted that  China’s new export restrictions on rare earth elements (REE) and battery technologies , combined with the  US’ 100% tariff on Chinese imports , could delay the production of advanced chips and equipment, impacting global and local manufacturers. “Malaysia, being part of the global semiconductor supply chain, may experience spillover effects,” MBSB said, citing potential disruptions to EV and chip components. Impact on Malaysia REE exports fell  9.6% year-on-year  to  RM4.5 billion  in 9M2025 amid weaker demand from China, Thailand, and Japan. REE-related products make up only  0.4% of Malaysia’s total exports , but account for  6.8% of mining exports . Higher input costs and delivery delays could affect Malaysia’s...
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Budget 2025: Navigating Global Tax Changes and Boosting Malaysia’s Competitive Edge

As Malaysia gears up for Budget 2025 , all eyes are on the government's expected implementation of the Global Minimum Tax (GMT) , set to take effect on January 1, 2025 . This tax policy aligns with the OECD Global Anti-Base Erosion (GloBE) Model Rules under Pillar Two , aimed at curbing profit shifting by multinational enterprises (MNEs) to low-tax jurisdictions. The GMT sets a minimum tax rate of 15% for MNEs, and Malaysia plans to adopt a Domestic Top-Up Tax (DTT) to ensure compliance with these global tax rules. Potential Impact on Malaysia’s Investment Competitiveness While Malaysia has long been a competitive destination for investments, the introduction of GMT raises concerns about maintaining this edge. According to Soh Lian Seng , head of tax at KPMG in Malaysia , the country may lose appeal if alternative incentives or strategic tax reforms are not introduced. This sentiment echoes fears that MNEs benefiting from local incentives may relocate to countries offering mor...
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