Local News
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...
Malaysia: Lack of cross-sector merger control sparks updates to current regime and new emphasis on digital economy
In summary This article provides an overview of developments in competition law from 2022 to 2024, including the status of proposed amendments to introduce a cross sectoral merger control regime in Malaysia, the application of merger control via sectoral laws, cartels...
Malaysia is next best bet – Country can position itself as viable alternative to S’pore
PETALING JAYA: With some Japanese multinational corporations (MNCs) looking beyond Singapore to base their regional headquarters due to the rising cost there, Malaysia has what it takes to position itself as a viable destination, say economists. Sunway University...
Escalating tension in Middle East could result in supply chain disruption, higher insurance premiums for shipping, say Malaysia industry associations.
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?
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 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...