Local News
Maybank IB: Impact of Red Sea conflict on Malaysia minimal but some shipments may be delayed
KUALA LUMPUR, Feb 15 — The ongoing conflict around the Red Sea would have minimal impact on Malaysia’s sea freight companies but some shipments of certain goods could still expect delays and higher freight costs, Maybank Investment said in a note issued yesterday....
Malaysia mega-port begins construction
A new facility in Kuala Linggi International Port (KLIP) in Malaysia has officially begun construction, Port Strategy reports, kicking off the first of 42 months of work. The $3.15 billion investment is expected to become a key hub for international trade....
Analysts say SST tax expansion revenue to benefit more people in the form of cash aid, urban infrastructure and healthcare
KUALA LUMPUR, Feb 12 — The additional revenue from sales and service tax (SST) expansion to 8.0 per cent from 6.0 per cent effective March 1, 2024 can benefit the rakyat in the form of cash aid, urban infrastructure and healthcare amid the ageing population in the...
Malaysia Technology Expo 2024 bridges ideas and innovations through awards, exhibitions and tech talks
KUALA LUMPUR, Feb 9 — The Malaysia Technology Expo (MTE) 2024 is inviting tech enthusiasts and industry experts to take part in an impressive showcase of technological wonders and pioneering breakthrough. MTE, that serves as a crucial hub for innovation, inspiration...
Johor’s one-stop investment centre to be ready this year, says MB
JOHOR BARU: The one-stop centre to facilitate investment in Johor is expected to be completed this year, says Datuk Onn Hafiz Ghazi. The Mentri Besar said the centre, among the initiatives in the Johor-Singapore special economic zone (JS-SEZ), will be the first of its...
Malaysia’s tax collection among the lowest in the region
KUALA LUMPUR: Malaysia is one of the lowest tax revenue collectors in Southeast Asia, with a tax-to-gross domestic product (GDP) ratio of 11.8 per cent.Malaysia University Science and Technology (MUST) economist Prof Emeritus Dr Barjoyai Bardai said Malaysia fell...
XLP member, Megalift Transport for East Coast rail link (ECRL) project in Malaysia
This month, the Megalift team and equipment are occupied with the handling of shipments for East Coast Rail Link (ECRL) project. They have 6 units of locomotives entering via Kuantan Port and 95 units of wagons that arrived in Port Klang, both via conventional...
Domestic trade minister: Govt plans to retarget diesel subsidies by June this year
Domestic trade minister: Govt plans to retarget diesel subsidies by June this year. Rererence: https://www.malaymail.com/news/malaysia/2024/02/01/domestic-trade-minister-govt-plans-to-retarget-diesel-subsidies-by-june-this-year/115771
Malaysia to participate in military exercise in Thailand
BANGKOK: Malaysia will join the 43rd Cobra Gold, the world's longest-running and largest multinational military exercise in South-east Asia, alongside troops from 30 nations in Thailand from February 27 to March 10.Co-hosted by the Royal Thai Armed Forces and the...
2024 will be another year of transition for M’sian economy -Economists
KUALA LUMPUR: Economic growth for 2023 will be below 4% as we forecast this time last year. This is positive but slower than in the past because of the transition to a new era of lower underlying growth due to the damage of Covid-19 policies. We see slower growth...