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.
Singapore will now allow its two casinos, Marina Bay Sands and Resorts World Sentosa, to conduct cashless gaming as part of the latest changes to the Casino Control Act. However, cryptocurrencies will not be permitted for such transactions, according to Minister of State for Home Affairs and Social and Family Development, Sun Xueling. Key Takeaways: Introduction of Cashless Betting : The changes enable players to place bets at gaming tables or machines using virtual credits directly from cashless gaming accounts or e-wallets. This move towards cashless transactions aims to modernize the gaming experience while maintaining strict financial controls. Cryptocurrency Exclusion Due to Money-Laundering Risks : The Gambling Regulatory Authority (GRA) will not allow cryptocurrencies to be used as chips or for gambling, citing money-laundering risks. The decision reflects ongoing concerns about the regulatory challenges and security risks posed by digital currencies. Strengthened Oversigh...