Day: July 23, 2024

MANILA: The Department of Tourism (DOT) on Monday backed calls to pass the CREATE More bill, seeing it as a way to expand tourism investments in the country. Tourism Secretary Christina Frasco made the statement following the third State of the Nation Address of President Ferdinand R. Marcos Jr., who reaffirmed the government’s focus on developing tourism as a major contributor to job generation. ‘This legislative measure paves the way for a viable fiscal landscape for service-oriented enterprises such as in the tourism industry by providing incentives that is aligned with their operational needs,’ Frasco said. Frasco said the bill

KUALA LUMPUR, Bursa Malaysia opened higher today, driven by bargain hunting following yesterday’s decline, which made stocks more attractive to investors. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.48 points to 1,629.55 from Monday’s close of 1,622.07. The index opened 3.16 points higher at 1,625.23. In the broader market, gainers outnumbered decliners 353 to 122, with 291 counters unchanged, 1,705 untraded and 16 suspended. Turnover stood at 291.12 million units worth RM184.96 million. Rakuten Trade Sdn Bhd’s equity research vice-president, Thong Pak Leng, noted that the FBM KLCI declined to nearly 1,620 yesterday as selling activities