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.
Turkey will implement a 10% minimum corporate tax starting in 2025 as part of efforts to reduce its budget deficit . According to a decree by the Treasury and Finance Ministry, the domestic minimum tax for corporate earnings will not fall below 10% before deductions and exemptions . This move is part of a fiscal consolidation strategy led by Treasury and Finance Minister Mehmet Simsek , who has been focused on simplifying tax laws and reducing the scope of tax deductions and exemptions since taking office after last year's election. The government has revised its 2025 budget deficit forecast down to 3.1% of GDP , from an earlier estimate of 3.4%, with a 2024 deficit expected at 4.9% . Key changes in the new tax code include a 30% tax rate on earnings from build-operate-transfer and public-private-partnership projects , the removal of real estate sales tax exemptions , and a requirement for funds to distribute at least 50% of real estate revenues as dividends to qualify f...