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.
Sweeping Deregulation to Ease Corporate Burdens The European Commission plans to reduce corporate reporting requirements by 25% , potentially saving €40 billion (US$42.06 billion) for businesses. The "Simplification Omnibus" package aims to loosen rules on sustainability reporting (CSRD) and supply chain due diligence (CSDDD) to help European companies compete with the U.S. and China . Key Changes in the Proposal 1. Looser Environmental & Supply Chain Rules The CSRD (Corporate Sustainability Reporting Directive) will now apply only to companies with over 1,000 employees and €450 million in turnover , excluding 85% of previously covered firms . This reduces reporting obligations from over 50,000 companies to fewer than 7,000 . The CSDDD (Corporate Sustainability Due Diligence Directive) will now apply only to direct suppliers , easing supply chain transparency requirements. 2. Clean Industrial Deal & Energy Plan N...