Malaysian Rating Corporation Bhd (Marc Ratings) foresees the Brent oil prices to remain elevated to hover around US$85-US$95 (US$1=RM4.78) for the remainder of 2023 and within the range of US$80-US$100 per barrel in 2024.However, should there be more severe and...

KUALA LUMPUR: Unifi Business is set to accelerate local MSME digitalisation through Geran Digital PMKS Madani (GDPM). Recently reinforced in Budget 2024, the government aims to incentivise local MSME through the GDPM to embrace business digitalisation for business...

MIRI (Oct 30): The government is committed to supporting the maritime industry on its path to sustainability, while addressing its challenges, says federal Deputy Transport Minister Datuk Hasbi Hasbollah. Citing the United Nations Conference on Trade and Development...

KUALA LUMPUR (ANN/THE STAR) – Marked by an ever-increasing reliance on digitalisation, Malaysian Communications and Digital Minister Fahmi Fadzil has issued a call to local businesses emphasising the importance of embracing 5G technology as it stands as a linchpin for...

THE review process will involve a comprehensive analysis of the current regulations and SOPs related to the transportation sector, with a specific focus on their applicability to electric vehicles. This analysis will identify areas where modifications and updates...

KUALA LUMPUR: The government has been urged to reconsider and postpone for the time being the proposal regarding the (sales and) service tax (SST). According to Budget 2024, the government plans to increase the SST rate to 8.0 percent from 6.0 percent, not inclusive...

PETALING JAYA: T Industrial Park is poised for full take-up in three of its nine phases, covering a total of 572.2 acres, driven by a substantial RM800 million investment by the US-based appliances supplier Alton Industry Ltd Group. Positioned as Pontian’s...

PEKAN, Oct 21 — The Malaysian Fire and Rescue Department (JBPM) inspected and tested 1,144 assets today and declared they were in good condition, said the Deputy Secretary-General (Housing and Community Wellbeing) of the Ministry of Local Government Development...

Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, secured another milestone when the terminal successfully sets a new shift volume record with 13,700 quayside moves in a single 12 hours shift, breaking its own previous shift...

KUALA LUMPUR: The government will focus on developing infrastructure for transportation and logistics to suit current demands to attract more investors and tourists, besides boosting trade activities, said Prime Minister Datuk Seri Anwar Ibrahim. He said an allocation...

KUALA LUMPUR – Prime Minister Anwar Ibrahim on Friday unveiled Malaysia’s biggest-ever budget, pencilling in RM393.8 billion (S$114 billion) to be spent in 2024 to counter slowing growth from global headwinds that are expected to persist in the new year. This is his...

BUSINESS organisations want the Federal Government to draw up incentives and stimulus packages to spearhead the country’s economy under Budget 2024. Johor Baru Chinese Chamber of Commerce and Industry president Low Kueck Shin said many companies were still struggling...

KLANG: The Transport Ministry is striving to further strengthen Port Klang’s role as a leading goods transshipment hub in the Asean region. Its minister Anthony Loke Siew Fook (pix) said that among the government’s efforts to strengthen the port’s role was the meeting...

PETALING JAYA: A transport consultant has urged investment, trade and industry minister Tengku Zafrul Aziz to reconsider plans to subsidise the purchase of electric vehicles, saying it is a regressive idea.“Subsidies should instead be directed towards public...

The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, a government-to-government decarbonization scheme between Malaysia and...

KUALA LUMPUR: Malaysia’s economic growth is expected to moderate to 3.9 per cent in 2023 from an earlier projection of 4.3 per cent in April this year amid a substantial deceleration of external demand, according to the World Bank today. However, it said, domestic...

SMALL and medium-sized enterprises (SMEs) account for about 97% of Malaysia’s total businesses, making them the backbone of the country’s economy. This also indicates that large-scale environmental, social and governance (ESG) adoption across the country is also...

PUCHONG: The Malaysia Tipper Lorry Operator's Association has called on the government to update laws governing cargo weight limits. Its chairman Datuk Michael Loo Leep Chye said the current capabilities of 10 and 12 tyre tipper trucks could carry more weight safely...

PETALING JAYA: To ensure the country’s economic growth, the government aims to become more pro-business with the aim of making doing business in Malaysia considerably easier overall. Transport Minister Anthony Loke Siew Fook said the private sector is the engine of...

Ship arrest is a unique and powerful feature in admiralty practice, whereby claimants can arrest a ship before judgment is obtained in a suit as a security for the claimant’s claim. This feature follows the same position as in England by virtue of Section 24(b) of the...