Local News
Seizing Malaysia’s economic momentum
The drastic depreciation of the Malaysian ringgit, comparable in magnitude to the 1998 Asian Financial Crisis, has spooked many and triggered debates on the nation’s economic performance. External headwinds such as persistent high inflation in the United States,...
Malaysia makes its stand on waste | #AsiaNewsNetwork
PORT KLANG (The Star) - Even Bangladesh is sending its contaminated plastic waste to Malaysia. The government will be sending 450 metric tonnes of contaminated plastic waste in 10 containers back to their countries of origin immediately. Besides the one container from...
Malaysian supplier bunkers containership with ISCC-certified biofuel
Tumpuan Megah supplied approximately 4,500 metric tonnes of ISCC EU-certified B24 marine biofuel to a containership operated by Danish container shipping giant Maersk. The bunkering operation took place at the Port of Tanjung Pelepas in the state of Johor on April 25,...
Product innovation drives sales of local plastic packaging
KUALA LUMPUR: The adoption of new product innovations is giving local plastic packaging manufacturers an edge over their global peers as they vie for market share amid a period of inventory restocking. Two new products - nano stretch film and mono film - are gaining...
Expert: Introduction of EPF Account 3 can help contributors in times of emergency
KUALA LUMPUR: The introduction of the Employee Provident Fund's (EPF) Account 3 or Flexible Account is seen as one of the institution's alternatives to meeting the emergency needs and funds of its contributors in tackling life's challenges before retiring. Bank...
DP World and Sabah Ports to expand East Malaysia terminal
Under the agreement, DP World will support efforts currently underway to increase SBCP’s container handling capacity from 500,000 teu to 1.25 million teu by 2025. Investments will also be made to optimise terminal workflows, accelerate digitalisation for greater...
Finance Ministry seeks logistics industry’s views on targeted diesel subsidies
KUALA LUMPUR, April 20 — Treasury secretary-general Datuk Johan Mahmood Merican held a discussion yesterday with the logistics industry on the implementation of the proposed targeted diesel subsidies. “This discussion was held to seek the views of associations and...
Container vessels supply to exceed demand, pressuring freight rates, says analyst
KUALA LUMPUR, April 18 — The supply of container vessels will continue to outpace demand, putting pressure on freight rates as more newly built containerships are introduced into the market amidst ongoing geopolitical conflicts. -ADVERTISEMENT- Veson Nautical senior...
Tengku Zafrul: Miti closely monitoring situation in Middle East for possible escalation in conflict
RAWANG, April 19 — The Ministry of Investment, Trade and Industry (Miti) is closely monitoring reports on the Middle East conflict for a possible escalation in the region. Minister Datuk Seri Tengku Zafrul Abdul Aziz said so far, shipments through the Red Sea shipping...
Invest Malaysia Facilitation Centre a crucial cog in Johor’s development, says MB
JOHOR BARU: The Invest Malaysia Facilitation Centre (IMFC) will play a crucial role in the economic development of Johor, says Datuk Onn Hafiz Ghazi. The Johor Mentri Besar said establishing the IMFC was among the issues discussed with Prime Minister Datuk Seri Anwar...