Bursa Malaysia Ends Higher On Strong Sentiment Following PM Anwar's Announcement
At the close, the benchmark FBM KLCI gained 8.37 points, or 0.55%, to 1,527.27, driven mainly by gains in banking, plantation and utilities stocks. The market saw active trading across sectors, with financials and property counters also contributing to the upbeat tone.
Analysts said the positive close reflects optimism over policy measures expected to spur economic activity and enhance investor confidence. 'The market reacted positively as investors are positioning for potential catalysts following the government's announcement,' one analyst said.
The broader market was mixed, but sentiment stayed largely positive as buyers took positions in heavyweights. Related
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New Straits Times
9 minutes ago
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Govt to carry out surprise checks on 13MP projects
PUTRAJAYA: The government will conduct regular and surprise checks on the implementation of all projects under the 13th Malaysia Plan (13MP). Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar said the Policy Implementation Monitoring System (PPD), mentioned by Prime Minister Datuk Seri Anwar Ibrahim during the 13MP tabling on Aug 1, will be jointly managed by the Finance and Economy Ministries. "We have scheduled reporting, twice a year if I'm not mistaken. "This time, we will ensure everything proceeds as planned since it spans until 2030. "I will personally carry out regular monitoring, surprise checks and project site visits," he told reporters after flagging off the 20th Premier Public Service Assembly (MAPPA XX) Run at Dataran Putrajaya this morning. Also present was Public Service Department director-general Tan Sri Wan Ahmad Dahlan Abdul Aziz. During the 13MP tabling in the Dewan Rakyat, the prime minister said monitoring mechanisms would be strengthened through the PPD system, while the 13MP governance structure would be implemented in stages up to Cabinet reporting. Shamsul Azri also urged civil servants to ensure approved projects are promptly executed. He acknowledged that every project has its own timeline, but warned delays would frustrate the public who are meant to benefit. "Our purpose is to serve the people. We are supposed to make them happy. "So we must carry out development swiftly, without delay and free of bureaucracy," he said. Major 13MP projects include the construction and upgrading of 2,800km of rural roads in Sarawak, Perak and Pahang; a road-to-rail cargo initiative to reduce road accidents; infrastructure projects to strengthen cross-border connectivity and the economy; upgrading of Bukit Kayu Hitam and Rantau Panjang Immigration, Customs, Quarantine and Security (ICQS) complexes and Sabah and Sarawak Customs, Immigration and Quarantine (CIQs); and the construction of one million affordable homes by the federal and state governments and private developers between 2026 and 2035.
The Sun
39 minutes ago
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'Shameless!' — Netizens slam S'porean who asked why M'sians won't share RON95 subsidy
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Malay Mail
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US tariff cut, regional diplomacy signal Malaysia's return to global relevance under Anwar's leadership, says DAP sec-gen
KUALA LUMPUR, Aug 2 — Malaysia is carving out a more influential role for the country and for Asean on the world stage, DAP secretary-general Anthony Loke said today. He said the recent reduction of United States tariffs on Malaysian goods from 25 per cent to 19 per cent reflects how the country – and by extension, Asean, which it currently chairs – is regaining its footing globally under the leadership of Prime Minister Datuk Seri Anwar Ibrahim. 'We are working to position ourselves as a 'middle power' while opening new strategic space for Malaysia to rise and advance once again,' Loke said in a statement. He added that Malaysia remains competitive even though it maintains a higher trade surplus with the US compared to its regional peers. 'Our current tariff rate is now on par with other countries in the region,' he noted. The US lowered trade tariffs for Malaysia, Cambodia, Thailand, the Philippines, and Indonesia to 19 per cent on July 31, while Singapore retained its rate at 10 per cent, Brunei at 25 per cent, Laos and Myanmar at 40 per cent. The new rates come into force from August 7. Loke said Malaysia's leadership as this year's Asean chair has also helped the country regain international relevance. He said Putrajaya played a key role in facilitating peace talks between Thailand and Cambodia, and confirmed that Trump would attend the upcoming Asean Summit in Kuala Lumpur. This, Loke said, reflects growing confidence in Malaysia's leadership and diplomatic credibility. He credited Prime Minister Anwar's 'pragmatic, patient and constructive' approach for elevating Malaysia's position in regional security. Under the Madani government, he added, Malaysia has helped steer Asean into becoming a stronger and more cohesive bloc. Loke said Malaysia's diplomatic performance may not always make headlines, but the benefits are real — from easing trade tensions to fostering regional peace. 'The Madani government has not only delivered tangible economic benefits, but also elevated Malaysia's global standing,' he said.
