Equinor, one of the leading developers in the offshore and renewable energy industry, is not proceeding with its development projects in Australia, marking another setback for the developing industry. The Norwegian company had been working in Australia for the past...
Fire concerns and the potential for toxic, runaway fires spurred by lithium-ion batteries continue to weigh heavily on the shipping industry. Lynden’s Alaska Marine Lines has become the latest carrier to report it will no longer ship electric vehicles or plug-in...
The exemption aims to maintain the competitiveness of Malaysia’s local industries. Without the exemption, local ship and aircraft owners might register their assets abroad, reducing economic activity in Malaysia. The MOF stated that taxation could drive owners to...
Kota Kinabalu: Sapangar Bay Container Port (SBCP) welcomed the maiden call of the Ji Yun 16, operated by Warisan Shipping Line under its newly launched Singapore Express Service. The service connects Muara – Sapangar – Singapore – Muara on a regular schedule,...
MALAYSIA: Johor has emerged as Malaysia’s fastest-growing state in 2024, recording an economic growth rate of 6.4% compared to the national average of 5.1%, according to the Department of Statistics Malaysia’s July 2025 report. In a Facebook post on Tuesday (Aug 13),...
KUALA LUMPUR, Aug 16 — The service tax exemption on ship and aircraft leasing was not done discreetly, with the exemption aimed at maintaining local industry competitiveness, says the Ministry of Finance (MOF). The MOF emphasised that the imposition of such a tax...
