Local News
MMAG banking on aviation arm to boost competitive edge in logistics industry.
KUALA LUMPUR: MMAG Holdings Bhd (MMAG) is banking on its aviation arm, MMAG Aviation Consortium Sdn Bhd (MAC), to unlock its next growth phase and play a key role in unleashing Malaysia’s potential as a regional air cargo hub. MMAG said this followed the...
Transport minister: Malaysia open to extending China-led rail project to Thai border
KUALA LUMPUR, March 28 ― Malaysia's government has said it would consider extending a US$10 billion (RM47.3 billion) China-led rail project to its border with Thailand to boost economic ties between the Southeast Asian neighbours. Part of China's Belt and Road...
Senator: Govt should balance assistance between B40, M40 groups
KUALA LUMPUR (March 20): The government has been urged to balance assistance between the B40 and M40 groups in helping them face the current economic challenges. Senator Datuk Lim Pay Hen said the action was necessary as the M40 group was the most affected by the...
Asia feels the pinch of growing ‘food chokepoints’
In recent years, global food security has suffered from overlapping crises caused by conflicts, geopolitical tensions, climate change, and the Covid-19 pandemic, resulting in severe food supply disruptions. These disruptions have been accentuated by several “food...
Foreign investments worth RM281.5b approved in 2022-2023 to create 98,725 jobs in Malaysia, says deputy minister
KUALA LUMPUR, March 20 — A total of 898 foreign investment projects valued at RM281.5 billion have been approved in the manufacturing and services sectors from 2022 to 2023, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong. He said the approved...
Call made on Malaysia, Japan govts to reject carbon capture, storage
MIRI (March 21): Sahabat Alam Malaysia (SAM) and Friends of the Earth (FoE) Japan had called on the Malaysian and Japanese governments to reject Carbon Capture and Storage (CCS). In a joint statement, they said this technology only delays real climate action and the...
New service tax increase is rational, says analyst
PETALING JAYA: On March 1, Malaysia’s service tax rose from 6% to 8%, sparking concerns about price increases during the 2024/2025 school term and Ramadan.The Madani government, led by Prime Minister Anwar Ibrahim, assured that essential items like food, beverages,...
Johor-Singapore Special Economic Zone deal set for year-end signing
KUALA LUMPUR, MALAYSIA: The Ministry of Economy of Malaysia announced that the joint agreement for the Johor-Singapore Special Economic Zone (JS–SEZ) is anticipated to be finalized by year-end. According to a report from Malaysia’s state media Bernama, the agreement...
Loke: Contractors need not curry favour with ministers under this govt, just required to get job done
KUALA LUMPUR, March 16 — Transport Minister Anthony Loke has vowed that contractors do not need to cultivate a relationship with Cabinet members to be awarded contracts. The DAP secretary-general said it is enough for those awarded contracts to carry out their...
Ports kick off 2024 on a good note
KUALA LUMPUR: The ports segment started the year on a positive note as the export volume index rose five per cent to 156.5 points in January 2024 from 148.5 points in January 2023, said AmInvestment Bank Bhd. In a note, the research house has maintained its overweight...