STOCKHOLM (Reuters) - Eutelsat, the world's third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk's SpaceX in its first move since the merger of two European companies last year.
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI is expected to hold steady within a narrow band of 1,655 to 1,665 as investors digest the national Budget 2025 announcement by Prime Minister Datuk Seri Anwar Ibrahim on Friday.
Although specifics were not fully disclosed, he said the technology sector is also expected to gain from the budget announcement, as the government introduces new incentives focused on high-value activities such as integrated circuit design and advanced materials."We also expect foreign investors to continue participating in the capital market as the government remains committed to reducing the fiscal deficit to 4.3 per cent this year and 3.8 per cent next year.
Consequently, the financial sector is expected to benefit from this improved fiscal environment, creating a more stable landscape for financial institutions. Regionally, the week ahead appears to be quiet for China in terms of data releases. The loan prime rate will be announced on Monday, but no surprises are expected, with a 20 basis point cut anticipated to align with the reduction in the seven-day reverse repo rate made in September.
On a Friday-to-Friday basis, the FBM KLCI advanced 12.44 points to 1,645.99 from 1,633.55 in the previous week. Turnover fell to 13.10 billion units worth RM12.87 billion versus 14.17 billion units valued at RM12.87 billion in the previous week.
Bursa Malaysia FBM KLCI KLCI Budget 2025
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2025: Malaysia to showcase local handicraft at 2025 Asean SummitBENGALURU (Reuters) - India were all out for 462 in their second innings, setting New Zealand a victory target of 107, on the fourth day of their rain-hit opening test on Saturday.
Read more »
Budget 2025: Hotel association hopes for positive impact for SMEs from 2025 budgetIt feels like I've been thrown into the deep end without a life jacket, and every day is becoming more stressful.
Read more »
Bursa Malaysia likely to trade on cautious mode amid Budget 2025 tabling this weekHis Majesty Sultan Ibrahim, King of Malaysia, arrived in Bandar Seri Begawan today to begin a three-day state visit to Brunei.
Read more »
Bursa Malaysia ends higher on Budget 2025 optimismFROM Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia, WWF-Malaysia and MySDG Foundation
Read more »
Bursa Malaysia poised to end on a positive note ahead of Budget 2025KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) was granted a seven-day remand today (Oct 17) for a former top official of a Selangor state advisory body who was rearrested yesterday (Oct 16).
Read more »
Budget 2025: RM1.5k Minimum Wage to be Increased to RM1.7k, Effective February 2025The minimum wage of RM1,500 will soon be history.
Read more »