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.
Budget 2025 Wishlist: Green Bonds and Tax Rebates Key to Telco Renewable Energy Transition, Says Edotco CEO
Edotco Group Sdn Bhd CEO Mohamed Adlan Ahmad Tajudin has called for green bonds, tax breaks, and rebates in Budget 2025 to encourage telecommunication companies (telcos) to transition to renewable energy (RE) . He stated that such incentives could help offset the high upfront costs associated with adopting clean energy sources like solar and wind. Mohamed Adlan also suggested the introduction of cash-back programmes for environmental, social, and governance (ESG) initiatives, similar to those for electric vehicles, which could attract telcos to integrate sustainability practices . He further highlighted the potential for green bonds and competitive financing options for RE projects, coupled with ESG reporting standards , to provide financial support and encourage companies to take more decisive actions on sustainability. However, he noted that challenges such as rising energy costs and the geographically dispersed nature of telco networks make implementing energy-efficient so...