Skip to main content

Posts

Showing posts with the label domestic spending

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

CIMB: Govt Stimulus to Spark Consumer Spending—Retail, F&B to Gain Short-Term Boost

CIMB Securities has expressed  optimism toward Malaysia’s latest fiscal stimulus , predicting a  short-term boost for the consumer sector  as the government rolls out new support measures aimed at easing cost-of-living pressures and encouraging domestic spending ahead of  Merdeka  and  Malaysia Day .  Key Highlights of the Stimulus Package: RM100 e-credit  for all Malaysians aged 18+, benefiting  22 million people  under the Sumbangan Asas Rahmah (SARA) programme. Valid from  Aug 31 to Dec 31, 2025  at over 4,100 outlets including Mydin, Lotus’s, Econsave, and 99 Speedmart. RON95 petrol price slashed  from RM2.50/litre to  RM1.99/litre , benefiting 18 million vehicles. More details on subsidy rationalisation to come by end-September. September 15 declared a public holiday  to spur domestic tourism and service sector activity. RM500 million allocation  to cap toll hikes on  10 highways , focusing on Klan...