Local News
E-Invoicing: Are we really ready?
IT HAS been just over a month since the mandatory e-invoicing system was introduced on Aug 1 for Malaysian taxpayers with an annual turnover exceeding RM100 million. While the launch had a rough start with taxpayers initially struggling to access the Inland Revenue...
Increase in blank sailings to disrupt global shipping: Dimerco
Carriers will ramp up blank sailings by over 1.5 times, adding 53 more cancellations between weeks 38 and 42 compared to the previous five weeks, according to the latest update from Dimerco. "Drewry's weekly analysis on September 13 reported that 90 blank sailings...
Malaysia welcomes cooperation between telco companies and local media organizations to develop AI applications – Fahmi
BEIJING: Malaysia welcomes the collaboration of telecommunications companies with any local media organizations to develop artificial intelligence (AI) applications to help produce content, as well as report efficiently and effectively. Communications Minister Fahmi...
Westport’s development to strengthen Malaysia as global maritime and logistics hub
PORT KLANG: The development of Westport Holdings Bhd’s phase two container terminal expansion from terminals 10 to 17 is a significant step to strengthen Malaysia’s position as a global maritime and logistics hub. Westports executive chairman and group managing...
National single window initiative to boost M’sia, China trade
KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) is confident that Malaysia’s national single window (NSW) trade initiative will harmonise with China’s customs system and facilitate business and trade operations by reducing red tape, coordinating and...
Duo aims to make Malaysia regional and global leader in drone technology and innovation
KUALA LUMPUR:The Malaysia Drone Chamber of Commerce and Industry (MDCoCI) is poised to revolutionise the country’s drone sector, said president Shanmugam Thanggavilo and founder Elanggovan Thanggavilo. The duo said they aim to make the country a regional and global...
Intra-Asia index brings clarity to largest container shipping trade
In what is the world’s largest trade by volume, and deployed capacity, it was an anomaly that the intra-Asia trades did not have a dedicated spot index to match the other major tradelanes out of Asia to Europe and the US. Philip Damas, MD and head...
Singapore to gain six Asia-North Europe calls in alliance reshuffle
Singapore, the world’s largest transhipment hub, has emerged as one of the clear winners in the forthcoming alliance reshuffle, new analysis from Alphaliner today shows. With the February deadline for the new alliance structure to begin – with the three main groupings...
Singapore port congestion may persist until year-end
Ships have had to wait for one to two days to berth amidst the Red Sea attacks. Congestion at Singapore’s container port, which is at its worst since the COVID-19 pandemic, is expected to persist until year-end due to ship rerouting to avoid Houthi attacks in the Red...
Tensions Rise As Chinese Naval Frigate Spotted Near Malaysian Oil Rig In South China Sea
The presence of a Chinese Type 053H3 Jiangwei II Class frigate near Malaysia’s Velesto NAGA 4 oil rig in Sarawak’s waters has raised concerns over China’s ambitions in the South China Sea. A Chinese Type 053H3 Jiangwei II class light frigate has been observed near...