Local News

Onion prices skyrocket, MEP increased to $1200/tonne

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...

Tera Projects with shipment for the oil & gas industry

Tera Projects with shipment for the oil & gas industry

Tera Projects & Shipping (Project Cargo Network members in Malaysia) were engaged by one of their esteemed clients to handle the export of a 'stinger section' from Johor to Abu Dhabi, UAE. The massive unit measures 49.0 x 13.3 x 10.5m with a weight of 430mt. The...

Marine & General sells vessel for RM27.2mil

Marine & General sells vessel for RM27.2mil

KUALA LUMPUR: Marine & General Bhd's indirect wholly-owned subsidiary, TKH Marine (L) Ltd, today disposed of its vessel, JM Sutera 7, for US$5.8 million (RM27.2 million) cash to an external party, Narsimhaa Shipping Inc, Liberia, on a willing buyer and willing...

New LVG tax: Buy now or later?

New LVG tax: Buy now or later?

FOR most of us, the start of a new year means new resolutions and new beginnings. This time round, Jan 1 2024 will also mark the start of the imposition of the sales tax on low-value goods (LVG tax) in Malaysia. The LVG tax was initially announced in Budget 2022 and...