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Environmental preservation no longer just corporate social responsibility, says Nik Nazmi
KUALA LUMPUR, Aug 1 — The aspect of environmental preservation in corporate affairs is no longer just corporate social responsibility (CSR) but needs to be an enabler in expanding businesses and creating new values. -ADVERTISEMENT- Minister of Natural Resources,...
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
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
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
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...
Johor plans to build logistics centre in Simpang Renggam, says MB
KLUANG, July 21 — The Johor government plans to build a logistics hub in the Simpang Renggam area because of its strategic location, which is in the centre of the state. Menteri Besar Datuk Onn Hafiz Ghazi said the Simpang Renggam area also has close access to three...
Customs e-ATTENDANCE system to benefit Labuan’s freight, forwarding shipping agents
LABUAN (July 21): The e-ATTENDANCE digital system, developed by the Royal Malaysian Customs Department (Customs) in Labuan has benefitted the freight forwarding and shipping agents on the duty-free island since its trial-run on April 1. The system, which is used for...
AirAsia’s logistics venture acquiring more aircraft to strengthen operations in Southeast Asia
Kuala Lumpur, Malaysia―Teleport, the logistics venture seeded by Capital A Berhad (AirAsia), is acquiring more aircraft to strengthen its position as the market leader in Southeast Asia, including the Philippines. Pete Chareonwongsak, chief executive of Teleport, said...
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
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...
Malaysia leads the way in 5G connectivity, says Opensignal report
KUALA LUMPUR: Malaysia has become a global leader in 5G connectivity with fast and reliable networks, according to the most recent benchmarking study “Benchmarking the Global 5G Experience - June 2023” by Opensignal, a website specialising in mobile network...
Mida: Malaysia remains attractive for MNCs in global manufacturing supply chain
Malaysia is an attractive investment destination for multinational companies (MNCs) because of its outstanding advantages in the global manufacturing supply chain, said the Malaysian Investment Development Authority (Mida). Picture by Farhan Najib GEORGE TOWN, July 9...
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
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’
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...
Malaysia has potential to be regional green fuel bunkering hub
KUALA LUMPUR: Malaysia has the potential to develop into a regional green fuel bunkering hub with the support of both industry and government, according to a study by the Australian Government through Partnerships for Infrastructure (P4I). In a statement Monday, the...
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
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...
Ministry: Shipping industry to aim for sustainable energy transition
KUALA LUMPUR: The Ministry of Transport (MoT) will focus on sustainable energy transition for the shipping industry as part of the effort to achieve net zero emissions by 2050, said its Deputy Minister Datuk Hasbi Habibollah (pix). He said the shipping sector is...
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...