KUALA LUMPUR, Aug 14 (Bernama) -- Bursa Malaysia closed lower on Friday, even as utilities, healthcare, and financial services sectors saw increased buying interest following the release of Malaysia’s second-quarter (2Q) gross domestic product (GDP) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.32 points to 1,727.39 compared with Thursday’s close of 1,734.71. The benchmark index opened 0.01 of a point higher at 1,734.72 and fluctuated between 1,726.77 and 1,734.72 throughout the day. On the broader market, losers trounced gainers 619 to 538, while 554 counters were unchanged, 1,117 untraded and 29 suspended. Turnover eased to 3.50 billion units valued at RM2.59 billion from 3.51 billion units valued at RM3.05 billion on Thursday. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said FBM KLCI closed lower despite Malaysia’s stronger-than-expected 6.0 per cent GDP growth in 2Q 2026, underscoring the market’s forward-looki...
If the Trump administration’s tariff policy has demonstrated anything, it is this: the US economy can withstand higher taxes on corporate America without collapsing. That lesson is increasingly relevant as federal deficits widen and government debt climbs to record levels. Tariffs Raised Billions — Growth Held Up Tariffs operate like taxes. Importers pay them, then either absorb the cost or pass it on to consumers. In the second half of 2025, tariffs generated US$29.5 billion per month in additional revenue for the US Treasury. Yet...