Local News
International News: Malaysian manufacturers warn of tripled freight rates due to Red Sea shipping crisis
Ву Ноrасе Раlасіо: Тhе Fеdеrаtіоn оf Маlауѕіаn Маnufасturеrѕ (FММ) hаѕ іѕѕuеd а wаrnіng tо Маlауѕіаn ехроrtеrѕ аnd іmроrtеrѕ аbоut а ѕіgnіfісаnt hіkе іn frеіght rаtеѕ, ехресtеd tо trірlе іn 2024 соmраrеd tо thе рrеvіоuѕ уеаr. Тhіѕ еѕсаlаtіоn іѕ аttrіbutеd tо thе...
REVOLUTIONISING MANUFACTURING AND LOGISTICS IN THE IoT ERA
FOR industries dominated by the interconnected fabric of the Internet of Things (IoT), the prospect of streamlining the production and distribution of goods takes centre stage. Imagine the seamless interplay between devices, systems and data – optimising every aspect...
Malaysia’s economic reforms set to eat into budgets of middle, high-income households
KUALA LUMPUR – Rising costs of living are expected to hit Malaysia’s middle- and high-income households the hardest in 2024, as the government shifts to targeted subsidies for fuel and electricity, and imposes tax hikes as part of its economic reforms. Household...
Prime Minister Confident Ptp Will Drive Development of Malaysia’s Logistics And Ports Sector
Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), a member of MMC Group is expected to continue driving the development of the logistics and port sector in Malaysia. This is in line with the Group’s commitment to invest nearly RM26 billion over the next five (5) years to build...
Malaysia wants to make Johor ‘new engine of growth’
Economy minister hopes special economic zone with Singapore boosts tech, renewables KUALA LUMPUR -- Malaysia hopes the southern state of Johor will become a "new engine of growth," as the country works to develop the border area with neighbor Singapore, its economy...
Malaysia and Indonesia Are Links in Iran’s Drone Supply Chain
Companies based in the two countries are part of an “illicit procurement network” that has been targeted by U.S. sanctions. In the early hours of December 16, 2023, a swarm of drones headed toward the USS Carney, a warship patrolling the southern Red Sea. Crew...
Onion prices skyrocket, MEP increased to $1200/tonne
If there is one vegetable that is religiously added to all cuisines across south Asia, it is onions. The staple vegetable holds an extremely important place in the common man’s life. Onions are grown on around 136,000 hectares of land, with the 2020 figures...
Johor state govt proposes Iskandar Malaysia be designated special economic zone with Singapore
KUALA LUMPUR - Johor’s state government has proposed that its business hub Iskandar Malaysia be designated as the special economic zone being planned between Singapore and Malaysia, The Straits Times has learnt. It is not known, though, if Malaysia’s federal...
Amid inflation, Malaysians worry about plan to drop food subsidies for all
The Malaysian government’s plan to remove subsidies this year on food and other basic necessities for all and target them only for needy citizens has many in the low and lower-middle income groups worried. That’s because food prices have been high since the Ukraine...
Northport marks record-breaking feat in conventional cargo segment
PORT KLANG: Northport (Malaysia) Bhd, a member of MMC Group, set a new milestone by handling 11,405,312 freight weight tonnes (fwt) of conventional cargo in 2023. This record-breaking achievement surpassed its previous high of 11,115,670 fwt recorded in 2022....