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.
South Korea's financial authorities are set to provide at least 560 billion won (US$404.55 million) in liquidity support to small businesses impacted by recent payment delays from e-commerce platforms, the finance ministry announced on Monday. Key Developments: Government Intervention: The intervention follows an investigation into e-commerce firms TMON and WeMakePrice, owned by Singapore-based Qoo10, for failing to pay vendors. Official Statement: Vice finance minister Kim Beok-seok emphasized the government's commitment to minimizing damage, stating, "The responsibility lies with the e-commerce platforms, but the government cannot just watch the situation." Support Measures: The support will be provided mainly through low-interest policy loans for small businesses. Additional measures include extensions for existing loan repayments and tax payments. Vendor Concerns: TMON and WeMakePrice have stated they are working to minimize damage to customers and are informing t...