Bursa Malaysia opens higher, then retreats

KUALA LUMPUR, Dec 17 β€” Bursa Malaysia opened higher today but retreated thereafter after a strong showing in the past two days despite the overnight US stocks strong performance. The investors on Wall Street were reacting positive to the news that US lawmakers were nearing a coronavirus relief deal and the Federal Reserve indicated most officials expected rates to remain near zero for years, dealers said. At 9.08 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.24 points lower at 1,676.17 compared to Wednesday’s close of 1,681.41. It opened 2.86… Read More

Budget 2021: Good News For Rakyat

πŸ“Œ i-Sinar programme expanded to all EPF contributors whose income are affected by COVID-19 pandemic – Tengku Zafrul πŸ“Œ EPF’s i-Sinar programme now open to eight million members – Tengku Zafrul πŸ“Œ Gov’t agrees to extend β€˜one-off’ RM300 aid for COVID-19 frontliners to include policemen and soldiers – Tengku Zafrul πŸ“Œ The i-Sinar programme is now open to all eight million EPF contributors, with the maximum withdrawal amount increased to RM10,000 — Tengku Zafrul πŸ“Œ An additional allocation of RM50 million to fight COVID-19 will be channeled to Sabah in December –… Read More

Bursa Malaysia opened better note today

Bursa Malaysia opened on a better note today as uncertainty over the local political scenario has subsided after the Malay Rulers meeting yesterday. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.62 points to 1,496.26 from 1,494.64 at Friday’s close.