KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
OCBC's private bank , the Bank of Singapore , is targeting more asset flows from wealthy individuals in the UK, particularly those with “non-dom” status , as the British government considers tax hikes on foreign residents, according to senior executive Ranjit Khanna . The bank plans to double its revenue from Europe and the Middle East over the next three to five years, with a focus on attracting UK-based clients seeking alternatives due to rising tax pressures. Singapore is becoming an attractive destination for non-domiciled UK residents looking to relocate their assets amid proposed tax changes by UK Prime Minister Keir Starmer , which aim to fund key spending initiatives. The Bank of Singapore already books clients' assets in Singapore and Hong Kong , with 90% of its business coming from Asia. To support this growth, the bank plans to expand its London team and recently appointed Rob Woodthorpe Browne as its new head of London operations, following the retirement of...