Local News

KUALA LUMPUR – Prime Minister Anwar Ibrahim on Friday unveiled Malaysia’s biggest-ever budget, pencilling in RM393.8 billion (S$114 billion) to be spent in 2024 to counter slowing growth from global headwinds that are expected to persist in the new year. This is his...

BUSINESS organisations want the Federal Government to draw up incentives and stimulus packages to spearhead the country’s economy under Budget 2024. Johor Baru Chinese Chamber of Commerce and Industry president Low Kueck Shin said many companies were still struggling...

KLANG: The Transport Ministry is striving to further strengthen Port Klang’s role as a leading goods transshipment hub in the Asean region. Its minister Anthony Loke Siew Fook (pix) said that among the government’s efforts to strengthen the port’s role was the meeting...

PETALING JAYA: A transport consultant has urged investment, trade and industry minister Tengku Zafrul Aziz to reconsider plans to subsidise the purchase of electric vehicles, saying it is a regressive idea.“Subsidies should instead be directed towards public...

The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, a government-to-government decarbonization scheme between Malaysia and...

KUALA LUMPUR: Malaysia’s economic growth is expected to moderate to 3.9 per cent in 2023 from an earlier projection of 4.3 per cent in April this year amid a substantial deceleration of external demand, according to the World Bank today. However, it said, domestic...

SMALL and medium-sized enterprises (SMEs) account for about 97% of Malaysia’s total businesses, making them the backbone of the country’s economy. This also indicates that large-scale environmental, social and governance (ESG) adoption across the country is also...

PUCHONG: The Malaysia Tipper Lorry Operator's Association has called on the government to update laws governing cargo weight limits. Its chairman Datuk Michael Loo Leep Chye said the current capabilities of 10 and 12 tyre tipper trucks could carry more weight safely...

PETALING JAYA: To ensure the country’s economic growth, the government aims to become more pro-business with the aim of making doing business in Malaysia considerably easier overall. Transport Minister Anthony Loke Siew Fook said the private sector is the engine of...

Ship arrest is a unique and powerful feature in admiralty practice, whereby claimants can arrest a ship before judgment is obtained in a suit as a security for the claimant’s claim. This feature follows the same position as in England by virtue of Section 24(b) of the...