KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Malaysia Airlines, 2 years after MH370...where are we? The twin air crashes that left the brand name in pieces but 2 years on, is Malaysia Airlines in the right direction? Malaysia Airlines The loss of two Boeing 777s just months apart in 2014 triggered the loss-making carrier to seek for bailout. 1/3 of its staff were cut then while its Boeing 777-200s were grounded and less profitable long-haul routes were scrapped. With these efforts in place and the low level of oil, Malaysia Airlines is confident it will reach its target to return to profitability in 2018, the year that the German guru, Christoph Mueller ends his three-year contract. The big question: Are things really on track with this new business model? The narrow, regional business models might just make Malaysia Airlines suffered against its regional competitors….especially when it comes to the airline’s long-term strategy. "Apart from shedding jobs, cutting its fleet size and renegotiatin...