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.
First-of-Its-Kind Integration with GrabPay SINGAPORE (Sept 30): Cryptocurrency exchange OKX has rolled out a new service that allows its customers to pay with stablecoins at merchants on Grab’s payment platform, GrabPay , marking a first for the city-state. The service, called OKX Pay , lets users make payments in USDC or USDT , which are then automatically converted into StraitsX’s XSGD — a Singapore dollar-backed stablecoin. Merchants ultimately receive the amount in Singapore dollars , ensuring a seamless experience on their end. Growing Stablecoin Adoption in Singapore The move underscores Singapore’s growing role as a hub for digital asset innovation and signals increasing mainstream acceptance of blockchain-based payments. Stablecoins, pegged to fiat currencies, are gaining traction globally for their low transaction costs and fast settlement speeds . Earlier this year, Metro department...