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Ahd, Sep
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KUALA LUMPUR : The ringgit extended yesterday's gain to open higher against the US dollar today on the continued upward momentum in global oil prices, dealers said. 

At 9.05 am, the local unit strengthened to 4.3420/3500 from 4.3780/3870 against the greenback on Thursday.

The ringgit also traded higher against other major currencies. 

It rose slightly against the Singapore dollar to 3.0311/0388 from 3.0426/0506 on Thursday, and went up against the yen to 3.6887/6971 from 3.7460/7550. 

It appreciated against the British pound to 6.1752/1879 from 6.2014/2151 and strengthened against the euro to 4.7098/7198 from 4.7711/7823.

- BERNAMA

KUALA LUMPUR : There will be no budget cut for micro-financing activities in the recalibrated Budget 2016 to be presented on Jan 28, Ministry of Finance Under-Secretary for Strategic Investment Division Datuk Ahmad Badri Mohd Zahir said.

"We are in the midst of recalibrating the budget. We are probably not going to cut anything (for micro financing)," he told reporters on the sidelines of the ASEAN Microfinance Conference here Wednesday.

He said the government has allocated more than RM200

Chief Minister Tan Sri Adenan Satem said the Sarawak government supported the Trans-Pacific Partnership Agreement (TPPA).

He said every country in the world now asked for global rating systems and could not be isolated anymore or it would end up like North Korea.

"I quite agree with Datuk Seri Mustapa Mohamed (International Trade and Industry Minister) on the TPPA.

"In an open society that opens up markets and to have that edge in competitiveness to our economy, we don't have any choice and

KUALA LUMPUR: Bursa Malaysia opened slightly higher on Wednesday with gains limited by emerging profit taking in selected heavyweights, dealers said.

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.21 point to 1,643.05, after opening 2.08 points weaker at 1,641.18.

Market breadth was positive with gainers leading losers 172 to 82, with 143 counters unchanged, 1,371 untraded and 12 others suspended.

Turnover stood at 97.10 million shares worth RM49.71 million.

Based on

SINGAPORE - Malaysia's drive to develop a world-class infrastructure and transport network propelled it to the fourth spot in a closely watched annual ranking of the world's 45 leading emerging markets.

Malaysia surged past Saudi Arabia (5), Brazil (6) and Indonesia (7), according to 2016 Agility Emerging Markets Logistics Index.

The index ranks emerging markets based on their size, business conditions, infrastructure and other factors that make them attractive to logistics providers, freight

KUALA LUMPUR - The ringgit opened higher against the US dollar Wednesday on positive sentiment following an increase in oil prices, dealers said.

At 9 am, the ringgit was quoted at 4.2850/2900 from 4.2900/2970 on Tuesday.

The dealer said oil prices rose on Tuesday ahead of potentially bullish inventory data and as traders moved to close out bearish bets before the end of 2015.

It was reported that the global benchmark, brent crude, rose US$1.06 or 2.9 per cent to US$37.87 a barrel on the New

KUALA LUMPUR: Malaysia is committed to boosting economic ties with Kenya and narrowing the large bilateral trade gap, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.

He said Nairobi and Kenya were currently experiencing a construction boom and there was strong interests to source building materials from Malaysia.

"In view of this, Malaysia External Trade Development Corp, which has an office in Nairobi, will bring a number of Malaysian companies there to promote

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