KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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...