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.
The Malaysian Insider (TMI) went offline The Malaysian Insider It's not like that we didn't see it coming. But one of the most popular independent news portal, The Malaysian Insider (TMI) went offline on March 15 despite its popularity but let's face it. Without the commercial support, it's impossible to see how TMI can go on its operation, especially when the Malaysian Communication and Multimedia Commission block its website. The Edge Media Group (TEMG) issued a statement, saying that TMI has run up to RM10 million of losses in the 20 months (since June 2014). A deal could not be reached with three external suitors, "all of whom have existing media businesses", as well as on an offer for a management buyout. This was made tougher after the MCMC's block order on TMI, although talks had started earlier. The closure of TMI saw 59 staff members, including its editor Jahabar Sadiq let go. In a statement, TEMG publisher and CEO Ho Ka...