Local News
2024 in review: Seven taxes and e-invoicing to boost Malaysia’s revenue
KUALA LUMPUR, Dec 11 — The government will continue efforts to narrow its fiscal deficit to 4.3 per cent in 2024 and 3.8 per cent in 2025, down from five per cent of the gross domestic product (GDP) in 2023. Simultaneously, it will advance fiscal reforms to strengthen...
Shipping poised to play a vital role in APAC cross-border CCUS initiatives
Singapore, 10 December 2024 - A joint study by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) has identified shipping to play a key role in enabling CCUS initiatives, particularly when there is a large...
Premier: Private sector sets sights on Tg Embang deep sea port, KIA projects
KUCHING (Dec 3): The private sector has shown significant interest in Sarawak’s two major projects, the Tanjung Embang Deep Sea Port and the new Kuching International Airport (KIA), said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. This was highlighted in...
Northport handles 3.32 million TEUs in November
Northport carried 3.32 million TEUs of containers as of 27 November 2024. On 28 November 2024, the firm also exceeded its traditional cargo record by handling 11.43 million FWTs, surpassing the previous yearly record of 11.40 million FWTs set in 2023. Dato’ Azman Shah...
Pahang aims to be East Coast EV production hub
Following further news on Malaysia’s aim to become an ASEAN EV hub, and Selangor, Johor and Negeri Sembilan ramping up on EV charging infrastructure, Pahang has chimed in, with state investment, industry, science, technology and...
Four factories in Johor linked to fatal blaze lacked safety compliance, say fire officials
JOHOR BARU, Dec 6 — A lack of adherence to operational requirements and faulty fire prevention systems were identified as key causes of a deadly fire at four factories in the Southern Industrial Logistics Clusters (SILC) in Gelang Patah, last October. Utusan...
Singapore spillover of data centres benefits Malaysia’s Johor
Businesses in Johor are reporting a boom driven by new data centres pivoting from being based in Singapore, industry insiders say, as Kuala Lumpur looks to banish long delays in developing the Malaysian border territory. Johor ranked 2024’s fastest-growing data...
Transport Ministry forms committee to review maritime law, port Acts
KUALA LUMPUR: The Transport Ministry has formed the Malaysia Maritime Law Revision Committee (MLRC) to review and update the Merchant Shipping Ordinance (MSO) 1952 and the respective Port Acts to ensure they remain relevant and effective in the face of evolving...
Johor’s Forest City SFZ to focus on banking, logistics for economic growth, says MB
ISKANDAR PUTERI, Nov 27 –– The Forest City Special Financial Zone (SFZ) has identified two main sectors as its main focus areas, said Johor Menteri Besar Datuk Onn Hafiz Ghazi. He said services for the first sector will be provided on Pulau Satu, while services for...
Malaysia’s logistics sector just got safer with the launch of Volvo’s new trucks, here’s how
Trucks get a bad rap for being intimidating road companions, but looks like Volvo is trying to flip that narrative with its safety technologies. Not only that, but Volvo Malaysia Sdn Bhd’s (Volvo Trucks) latest range of heavy-duty trucks are also...