Local News
Cabotage policy reinstatement ends years-long debate
KUALA LUMPUR: The government’s decision to reinstate the cabotage policy exemption brings an end to the years-long debate over allowing foreign ships to undertake undersea cable repairs locally.Malaysia OSV Owners’ Association (MOSVA) and Malaysia Shipowners’...
Finance Ministry: Service Tax increase only affects discretionary services, B2B activities
KUALA LUMPUR (Feb 28): The increase in the Service Tax rate from 6.0 per cent to 8.0 per cent, effective from March 1, 2024, only affects discretionary services activities and business-to-business (B2B) activities, according to the Ministry of Finance (MOF). Minister...
Govt on the lookout for SST profiteers
PETALING JAYA: The domestic trade and cost of living ministry has launched an operation to ensure that traders don’t take advantage of the Sales and Service Tax (SST) hike to unreasonably increase prices.Its minister Armizan Ali said the operations, codenamed Ops...
Transport minister: National Load Centre policy to centralize cargo services at Port Klang no longer applies.
PUTRAJAYA, March 1 — The National Load Centre policy introduced in 1990 to centralise all cargo services at Port Klang, Selangor no longer applies, said Transport Minister Anthony Loke. According to him, the Transport Ministry’s policy of promoting Port Klang as the...
Malaysia may permanently waive rules for foreign ships working on undersea cables
Malaysia has decided to reverse an earlier decision and allow foreign vessels to repair undersea cables in its waters, its transport minister said on Friday, adding the move may be made permanent to encourage tech investments and support the digital economy. The...
Port Klang, PTP among the top 20 busiest ports in the world, says Loke
PUTRAJAYA: Port Klang in Selangor and Johor's Port of Tanjung Pelepas (PTP) remain among the top 20 main and busiest ports globally, says Transport Minister Anthony Loke. Loke said Port Klang recorded the highest number of containers processed last year, with 14.06...
Transport minister: Port Klang posts record total container handling volume of 14.06 million TEUs in 2023
PUTRAJAYA, Feb 23 ― Port Klang recorded the highest container handling volume in its history at 14.06 million 20-foot equivalent units (TEUs) in 2023 compared to 13.22 million TEUs in 2022, said Transport Minister Anthony Loke. Port of Tanjung Pelepas (PTP) in Johor...
Meeting next week to iron out economic zone issues before talks with Singapore
JOHOR BARU: Malaysia and Singapore will be meeting next month for further discussions on the Johor-Singapore Special Economic Zone (JS-SEZ), says state executive councillor Lee Ting Han (pic). The Johor investment, trade, consumer affairs and human resources committee...
Malaysia Paper Packaging Market to Soar Beyond US$ 3.3 Billion by 2032, Fueled by Sustainable Practices and E-Commerce
CHICAGO, UNITED STATES, February 21, 2024 /EINPresswire.com/ -- The 𝐩𝐚𝐩𝐞𝐫 𝐩𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚 is poised for remarkable growth, with projections indicating that the market 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐞𝐜𝐥𝐢𝐩𝐬𝐞 𝐔𝐒$ 𝟑.𝟑 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, flourishing at a 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝...
Cross-border drone delivery between Malaysia and Singapore in the works
A new initiative is set to introduce cross-border drone delivery services between Malaysia and Singapore. The focus will be on critical deliveries such as urgent documents, high-value electronics, medical supplies, and perishable foods. The project is being...