Market jumps after Budget passed in parliament


KUALA LUMPUR: Bursa Malaysia was given a boost on Thursday after the RM322.5bil federal budget, the nation's largest ever, was passed despite a call by the Opposition for bloc voting.

The policy stage of Budget 2021 was passed with a voice vote at 3.24pm in Parliament on Thursday and this saw investors’ risk appetite for equities perk up.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

YTL stocks lift Bursa higher
China, Hong Kong stocks rise, led by property shares
QSR Brands temporarily shuts down over 100 KFC stores nationwide due to boycotts
Most Asian currencies muted; stocks gain ahead of Fed rate decision
Meta Bright secures RM28mil financing from AmBank
Tex Cycle partners Evolusi Bersatu for Sabah's first integrated waste management facility
Oil prices fall 1% on Israel-Hamas ceasefire talks, US inflation concerns
Boost EMS sector in Sarawak
Not timely to water down issue
SC partners IsDB to advance Islamic capital market, social finance

Others Also Read