Local News
Westports’ net profit rises to RM233.07mil in 3Q24
KUALA LUMPUR: Westports Holdings Bhd has posted a higher net profit of RM233.07 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM195.0 million in the same quarter a year ago. Revenue for the quarter rose to RM572.57 million versus...
Electric train service that will link Johor Bahru to north Malaysia hits another roadblock
KUALA LUMPUR – The Gemas-Johor Bahru electrified double-track rail project (Gemas-JB EDTP), which is expected to halve the journey time between Kuala Lumpur and Johor Bahru once it links up with the already up-and-running Padang Besar-Gemas line, has missed yet...
Port of Tanjung Pelepas Recognized with Supply Chain Innovator of the Year Award
BANGKOK, Nov. 01, 2024 (GLOBE NEWSWIRE) — Port of Tanjung Pelepas (PTP), Malaysia’s largest transshipment hub, was honored with the Supply Chain Innovator of the Year: Digital Transformation Award at the 2024 Supply Chain Asia Awards on Friday, Oct. 18. The...
PM Anwar urges logistics sector to maintain high standards of workforce skills and industry infrastructure
He pointed out the recent growth in investments in Selangor, Johor, and Kulim Hi-Tech, with more data centres and focus on AI being implemented in Malaysia. Prime Minister of Malaysia Anwar Ibrahim has called on all parties — including the Ministry of Transport,...
Malaysia’s Budget 2025: Impact for Businesses
On October 18, Malaysia’s government introduced its 2025 national budget – the largest in its history – to bolster the economy’s competitiveness by introducing new tax incentives, slashing subsidies, and developing new economic clusters. With an unprecedented 421...
Say goodbye to traffic jams: West Coast Expressway to ease North-South Expressway congestion, elevate local growth, says transport minister
TANGKAK, Nov 2 — The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE). Transport Minister Anthony Loke...
Port operators should view KRA land bridge as opportunity to boost competitiveness – Loke
Transport Minister, Anthony Loke, instead said that port operators need to improve operational efficiency and formulate strategies, in line with Malaysia’s investor-friendly foreign policy, to compete with projects in the neighbouring country. “This is Thailand’s...
Growth In Demand For Relocation Services In Malaysia And Singapore Amid Market Challenges
(MENAFN- market Press Release) October 25, 2024 7:59 am - As global mobility increases and companies expand operations across borders, Malaysia and Singapore have witnessed a surge in demand for professional relocation services. [Kuala Lumpur, October 25,...
Shipping capacity in Asia strong despite global shocks: UNCTAD report
Asia is still the region best-connected to global shipping networks, according to the latest Review of Maritime Transport released by UN Trade & Development (UNCTAD). Asian economies retain top spots on the global liner shipping connectivity index, with China at...
RI, Singapore, Malaysia seek ways to make maritime navigation safe
Jakarta (ANTARA) - Indonesia, Singapore, and Malaysia are continuing to strengthen cooperation to improve maritime safety in the straits of Malacca and Singapore. The cooperation has been carried out through the Tripartite Technical Experts Group (TTEG) forum,...