KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Gold Card to Replace EB-5 Visa Program Trump announced plans to replace the EB-5 investor visa program with a new "Gold Card" priced at US$5 million as a route to U.S. citizenship . The EB-5 program currently grants green cards to foreign investors who create or preserve U.S. jobs. The new Gold Card would offer green card privileges and a direct path to U.S. citizenship . Trump’s Justification for the Change Trump called the EB-5 program "full of nonsense, make-believe, and fraud" , arguing it was a cheap way to obtain U.S. residency . Commerce Secretary Howard Lutnick said the new plan would ensure only wealthy investors gain U.S. entry. Potential Eligibility & Controversy When asked if Russian oligarchs could qualify, Trump responded, "Yeah, possibly. I know some Russian oligarchs that are very nice people." Critics may question whether the policy favors ultra-wealthy elites over job-creating...