21
Sel, Nov
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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 forwarders, shipping lines, air cargo carriers and distributors.

"Malaysia has shown a sustained commitment to economic diversification and to its drive to develop and upgrade its infrastructure. It has world-class ports, airports, road and rail networks, industrial parks and technology parks.

"It is going to lead the way as ASEAN countries of Southeast Asia continue to work toward economic integration," said Chris Price, Chief Executive Officer, Asia-Pacific for Agility Global Integrated Logistics today.

The Index is currently on its seventh year and offered a snapshot of the logistics industry sentiment in a closely watched annual survey of more than 1,100 global logistics industry

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

KUALA LUMPUR - The ringgit opened higher in early trade against the US dollar Thursday on mild demand for the local note.

At 9.00 am, the ringgit was quoted at 4.2150/2200 against the greenback from 4.2250/2310 on Thursday.

A dealer, said, local sentiment had improved with the ongoing positive progress on the 1MDB issue.

On the global front, the dealer said investors are still cautious over the US dollar which fell in overnight trade, and ahead of crucial US jobs data to be released

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

KUALA LUMPUR: The ringgit rebounded Tuesday to open higher against major currencies, including the US dollar, dealers said.

At 9.05 am, the ringgit was quoted at 4.2850/2950 against the greenback from 4.3010/3050 on Monday.

A dealer said news that Chinese Premier Li Keqiang would buy more Malaysian treasury bonds in a move to help stabilise the financial market perked the market.

The local note appreciated against the Singapore dollar to 3.0227/0302 from yesterday's 3.0295/0345 and

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