ran’s capacity to transport its oil is reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official told Reuters on Tuesday. The US Treasury is scrutinising the financing...

PUTRAJAYA, May 9 — Transport Minister Anthony Loke today said the ship claimed to be owned by an Israeli company while using the port in this country has actually changed ownership to another company based in Hong Kong. He insisted that his ministry had inspected and...

BATU KAWAN: The semiconductor industry presents Malaysia with a 'once-in-a-generation' opportunity for exponential economic growth and industry players are advised to capitalise on this billion-dollar sector. Deputy Investment, Trade and Industry Minister (MITI) Liew...

KUALA LUMPUR, May 10 — The Johor-Singapore Special Economic Zone (SEZ) could be a formidable competitive advantage in attracting fresh foreign direct investment (FDI) from multinational companies (MNCs). This can be achieved by integrating Singapore’s global...

(KPL/VNA)The first China - Laos - Thailand - Malaysia express freight train recently departed from Chengdu, the capital of China’s southwestern Sichuan province, marking a significant milestone in regional trade connectivity. The train, carrying 30 containers of LCD...

The drastic depreciation of the Malaysian ringgit, comparable in magnitude to the 1998 Asian Financial Crisis, has spooked many and triggered debates on the nation’s economic performance. External headwinds such as persistent high inflation in the United States,...

PORT KLANG (The Star) - Even Bangladesh is sending its contaminated plastic waste to Malaysia. The government will be sending 450 metric tonnes of contaminated plastic waste in 10 containers back to their countries of origin immediately. Besides the one container from...

Tumpuan Megah supplied approximately 4,500 metric tonnes of ISCC EU-certified B24 marine biofuel to a containership operated by Danish container shipping giant Maersk. The bunkering operation took place at the Port of Tanjung Pelepas in the state of Johor on April 25,...

KUALA LUMPUR: The adoption of new product innovations is giving local plastic packaging manufacturers an edge over their global peers as they vie for market share amid a period of inventory restocking. Two new products - nano stretch film and mono film - are gaining...

KUALA LUMPUR: The introduction of the Employee Provident Fund's (EPF) Account 3 or Flexible Account is seen as one of the institution's alternatives to meeting the emergency needs and funds of its contributors in tackling life's challenges before retiring. Bank...

Under the agreement, DP World will support efforts currently underway to increase SBCP’s container handling capacity from 500,000 teu to 1.25 million teu by 2025. Investments will also be made to optimise terminal workflows, accelerate digitalisation for greater...

KUALA LUMPUR, April 20 — Treasury secretary-general Datuk Johan Mahmood Merican held a discussion yesterday with the logistics industry on the implementation of the proposed targeted diesel subsidies. “This discussion was held to seek the views of associations and...

KUALA LUMPUR, April 18 — The supply of container vessels will continue to outpace demand, putting pressure on freight rates as more newly built containerships are introduced into the market amidst ongoing geopolitical conflicts. -ADVERTISEMENT- Veson Nautical senior...

RAWANG, April 19 — The Ministry of Investment, Trade and Industry (Miti) is closely monitoring reports on the Middle East conflict for a possible escalation in the region. Minister Datuk Seri Tengku Zafrul Abdul Aziz said so far, shipments through the Red Sea shipping...

JOHOR BARU: The Invest Malaysia Facilitation Centre (IMFC) will play a crucial role in the economic development of Johor, says Datuk Onn Hafiz Ghazi. The Johor Mentri Besar said establishing the IMFC was among the issues discussed with Prime Minister Datuk Seri Anwar...

In summary This article provides an overview of developments in competition law from 2022 to 2024, including the status of proposed amendments to introduce a cross sectoral merger control regime in Malaysia, the application of merger control via sectoral laws, cartels...

PETALING JAYA: With some Japanese multinational corporations (MNCs) looking beyond Singapore to base their regional headquarters due to the rising cost there, Malaysia has what it takes to position itself as a viable destination, say economists. Sunway University...

KUALA LUMPUR, April 13 — Escalated tension in the Middle East with the latest Israel-linked container ship seized by Iran’s Islamic Revolutionary Guard Corps (IRGC) earlier today could result in supply chain disruption and higher insurance premiums, said shipping...

The Malaysian government officially increased the sales and services tax (SST) rate from six percent to eight percent, effective from March 1, 2024, across several sectors such as finance and leisure. Finance Minister Datuk Seri Hamzah Azizan stated that this was part...

Port of Tanjung Pelepas SdnBhd (PTP), a joint venture between the MMC Group and APM Terminals, announced today a recent signing of an agreement with Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) for the purchase of five (5) Ultra Large Container Vessel (ULCV) Quay...