KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
Walt Disney is planning to cut up to 1,000 jobs , as part of a broader effort to streamline operations and reduce costs, according to reports. Job Cuts Target Marketing Division The layoffs, which represent less than 1% of Disney’s workforce , are expected to occur in the coming weeks, with a significant portion impacting the marketing department . As of fiscal 2025, Disney employed approximately 231,000 staff globally , highlighting that the cuts are relatively modest in scale but strategically targeted. Strategic Shift Under New Leadership The restructuring initiative was reportedly set in motion before CEO Josh D'Amaro took over in March , suggesting it is part of a longer-term efficiency plan . A key component of the strategy involves centralising marketing operations under a unified structure. New Chief Marketing Officer Asad Ayaz is leading the initiative, known internally as “Project Imagine” , ai...