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Westports second quarter net profit rises to RM194.76m

Westports second quarter net profit rises to RM194.76m

KUALA LUMPUR, July 27 — Westports Holdings Bhd’s net profit for the second quarter ended June 30, 2023 (2Q FY2023) rose to RM194.76 million from RM162.29 million a year ago, attributed to the reduction in fuel cost. Revenue widened to RM542.64 million compared to...

Airline passenger traffic grew in June

Airline passenger traffic grew in June

KUALA LUMPUR, 28 July 2023: Recovery in international passenger markets remains robust, as travel demand grew in June despite inflationary pressures and the weakness in regional currencies according to preliminary June 2023 traffic figures released this week by...

Petronas, other firms invest in green fuel

Petronas, other firms invest in green fuel

KOTA KINABALU: Petronas is diversifying its portfolio to include biofuels as part of the company’s offerings.  As technical partner of Mercedes-AMG Petronas Formula One Team, Petronas aims to supply advanced sustainable fuel in support of new engine regulations and...

Nusantara, the new gateway for Malaysia-Indonesia cooperation

Nusantara, the new gateway for Malaysia-Indonesia cooperation

Of late, Indonesia’s President Joko “Jokowi” Widodo has been hard at work promoting foreign investment in Indonesia’s future new capital, Nusantara, slated to replace Jakarta as the center of administration by 2024. The President’s whirlwind visits in June 2023 to...

Tesla’s model Y to hit Malaysian roads next year

Tesla’s model Y to hit Malaysian roads next year

PETALING JAYA: Environmentally-conscious Malaysian car lovers will soon get to cruise the highway in a Tesla.The all-electric vehicle manufacturer has just launched its Model Y in Malaysia and the first car will likely be delivered early next year, the company said in...

Malaysia palm oil stocks rise

Malaysia palm oil stocks rise

KUALA LUMPUR, Malaysia’s palm oil inventories rose at the end of June but at a much slower than expected pace, as production declined and exports jumped, data by the country’s palm oil board showed on Monday. Stockpiles at the world’s second largest producer gained...

China-Vietnam-Malaysia shipping service starts

China-Vietnam-Malaysia shipping service starts

KOTA KINABALU: Sapangar Bay Container Port (SBCP) marked the launch of logistics firm SITC’s new China-Vietnam-Malaysia (CVM) container shipping service welcoming the “MV. HF Spirit” (pic).Under the CVM route, SITC would provide weekly direct services calling Nansha,...

RM300,000 for Pasir Gudang highway upgrades

RM300,000 for Pasir Gudang highway upgrades

THE Johor government has allocated RM300,000 for the Pasir Gudang City Council (MBPG) to upgrade the FT17 Pasir Gudang Highway and the FT35 Johor Baru East Coast Highway (Coastal Road). Pasir Gudang mayor Datuk Asman Shah Abd Rahman said upgrading works would take...

‘Provide facilities at heavy vehicle parking zones’

‘Provide facilities at heavy vehicle parking zones’

FOR the past eight years, Pulau Indah Food Station (PIFS) located along the Pulau Indah Highway in Port Klang, Selangor, has been a regular stop for lorry drivers to rest, perform their prayers and have a meal. Most of the food shops here are open by 7am and closed...

Worst is over for aviation industry: RHB

Worst is over for aviation industry: RHB

KUALA LUMPUR: RHB Research believes the worst is over for the aviation industry and expects more prominent recoveries for Malaysia Airports Holdings Bhd’s (MAHB) domestic operations in the coming quarters as airlines continue to resume and increase capacities and the...

Need for sustainable manufacturing in M’sia

Need for sustainable manufacturing in M’sia

WITH deforestation and biodiversity loss reaching worrisome levels, Malaysia is dealing with more significant sustainability concerns that pose a major threat to the balance of Malaysia’s delicate ecosystems. Natural Resources, Environment, and Climate Change...

UMT-PKT to train students in logistics

UMT-PKT to train students in logistics

Universiti Malaysia Terengganu (UMT) and PKT Logistics Group Sdn Bhd (PKT) will collaborate on student and staff training, research, academics, knowledge transfer and experience sharing with the recent signing of a memorandum of understanding (MoU). The MoU was signed...