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.
Airbnb has called for "fair and balanced" regulations in Malaysia’s short-term rental accommodation (STRA) sector to promote growth while addressing concerns from traditional hotel operators. Speaking at a roundtable on Malaysia’s tourism growth, Mich Goh, Airbnb’s Asia-Pacific public policy director , emphasized that regulations should foster innovation without stifling the sector's potential . Key Highlights Fair Regulations Needed : Airbnb agrees on the need for regulation but stresses that it should not hinder industry growth. Framework for Responsible Hosting : In June, Airbnb introduced the "Guide to Responsible Hosting in Buildings" , a framework aimed at helping strata hosts and property managers operate STRAs responsibly. Partnership with Legal Experts : Airbnb partnered with Zaid Ibrahim & Co and KPMG Law to create reference building by-laws , offering solutions for managing STRA activities in condominiums and apartments. STRA's Role in Touris...