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Escalating tension in Middle East could result in supply chain disruption, higher insurance premiums for shipping, say Malaysia industry associations.

Escalating tension in Middle East could result in supply chain disruption, higher insurance premiums for shipping, say Malaysia industry associations.

by jpsfa admin | Apr 15, 2024 | Local News

KUALA LUMPUR, April 13 — Escalated tension in the Middle East with the latest Israel-linked container ship seized by Iran’s Islamic Revolutionary Guard Corps (IRGC) earlier today could result in supply chain disruption and higher insurance premiums, said shipping...
Malaysia’s Sales and Service Tax Increase: What Industries are Impacted?

Malaysia’s Sales and Service Tax Increase: What Industries are Impacted?

by jpsfa admin | Apr 8, 2024 | Local News

The Malaysian government officially increased the sales and services tax (SST) rate from six percent to eight percent, effective from March 1, 2024, across several sectors such as finance and leisure. Finance Minister Datuk Seri Hamzah Azizan stated that this was part...
Port Of Tanjung Pelepas Adds Five ULCV Quay Cranes from Shanghai Zhenhua Heavy Industries

Port Of Tanjung Pelepas Adds Five ULCV Quay Cranes from Shanghai Zhenhua Heavy Industries

by jpsfa admin | Apr 8, 2024 | Local News

Port of Tanjung Pelepas SdnBhd (PTP), a joint venture between the MMC Group and APM Terminals, announced today a recent signing of an agreement with Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) for the purchase of five (5) Ultra Large Container Vessel (ULCV) Quay...
Global Trade Compliance: How to Play by the RulesGlobal air cargo demand increases 11.9% to 19.7bil CTKs in Feb – IATA

Global Trade Compliance: How to Play by the RulesGlobal air cargo demand increases 11.9% to 19.7bil CTKs in Feb – IATA

by jpsfa admin | Apr 8, 2024 | Local News

KUALA LUMPUR: The global air cargo industry registered a total of 19.7 billion cargo tonne-kilometres (CTKs) in February 2024, representing an increase of 11.9 per cent year-on-year (y-o-y), according to the International Air Transport Association (IATA). The...
Kenanga raises Bintulu Port profit forecast for FY2025 on ‘stronger prospects’ for tariff hike

Kenanga raises Bintulu Port profit forecast for FY2025 on ‘stronger prospects’ for tariff hike

by jpsfa admin | Apr 8, 2024 | Local News

KUALA LUMPUR, April 5 ― Kenanga Investment Bank Bhd (Kenanga IB) has raised its financial year 2025 (FY2025) net profit forecast for Bintulu Port Holdings Bhd by 14 per cent on “stronger prospects” of a hike in tariffs for the port. It also lifted the port operator’s...
Transport minister: Govt drawing up strategy to enhance competitiveness of country’s ports

Transport minister: Govt drawing up strategy to enhance competitiveness of country’s ports

by jpsfa admin | Apr 1, 2024 | Local News

KUALA LUMPUR, March 27 — The government has drawn up short and long-term strategies to strengthen the competitiveness of the country’s main ports, namely Port Klang and Port of Tanjung Pelepas. Transport Minister Anthony Loke said the strategy covers aspects of...
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19A, Jalan Rosmerah 2/5,
Taman Johor Jaya,
81100 Johor Bahru.

Executive Secretary : Sree Devi Nair
Tel / Fax : 07- 3611361
Email : secretariat@jpsfa.com

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