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.
Apple Inc. has proposed investing nearly $10 million to boost local manufacturing in Indonesia, aiming to remove a ban on its latest iPhone 16, according to insiders. The proposal suggests building a factory in Bandung with local suppliers to produce accessories and components for Apple devices. Key Points: Investment Proposal : Apple submitted this investment plan to Indonesia’s Ministry of Industry after the iPhone 16 was blocked due to unmet local content requirements. Local Production Push : Apple’s investment would fulfill Indonesia’s mandate for 40% domestic content in smartphones and tablets, part of President Prabowo Subianto’s broader strategy to increase domestic manufacturing. Industry Concerns : While Indonesia’s government views Apple’s move as a win, the pressure on foreign companies might deter new investments or expansions, especially as some firms look to shift away from reliance on China. Background: Indonesia previously enforced similar policies, barring sales of Goo...