KOTA TINGGI, Johor: Tucked away in the southeastern tip of peninsular Malaysia is a large swathe of land with rows upon rows of oil storage tanks and cooling towers with dark smoke billowing from above.  The Pengerang Integrated Petroleum Complex (PIPC) - which...

The decision to rationalise diesel fuel subsidy in Malaysia was due to the cost to the government, which had increased by 10 times in just five years, The Star reported. The Malaysian government had paid RM14.3 billion in diesel subsidy last year,...

Malaysia has finally reinstated the cabotage policy exemption for foreign ships to conduct laying, maintenance and repairs of submarine telecommunication cables in Malaysian waters effective 1st June 2024. This comes after Transport Minister Anthony Loke announced in...

KUCHING, May 25 — Sarawak’s Ministry of Transport is exploring a proposal to establish a Sarawak Transport Authority to manage and operate the entire transportation sector in the state, its minister Datuk Seri Lee Kim Shin said today. He said this holistic approach...

Port of Tanjung Pelepas SdnBhd (PTP), a joint venture between the MMC Group and APM Terminals in Malaysia, has signed an agreement with Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC) for the purchase of five ultra large container vessel (ULCV) Quay Cranes. This...

A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping season, coupled with the longer transits to avoid the Red Sea, and bad weather in...

Northport (Malaysia) Bhd (“Northport”), a member of MMC Group, celebrated a historic milestone as it welcomed MV OOCL Japan on 20 May 2024, the largest ever container vessel to berth at its facilities. Owned by Orient Overseas Container Line (“OOCL”) Limited, MV OOCL...

PETALING JAYA: The incoming south-west monsoon is expected to bring back hot and dry weather with water shortages a possibility, says Datuk Seri Dr Ahmad Zahid Hamidi. The Deputy Prime Minister and National Disaster Management Committee (Nadma) chairman said in a...

TASHKENT, May 17 — Malaysia and Uzbekistan have agreed to activate the work of the intergovernmental Joint Committee on Trade and transform the committee into the Intergovernmental Joint Commission. In a joint statement today, Prime Minister Datuk Seri Anwar Ibrahim...

PUTRAJAYA, May 17 ― Any official discussion with Singapore on the Kuala Lumpur-Singapore High Speed Rail (HSR) will only be held after obtaining approval from the Cabinet, Transport Minister Anthony Loke said. He added that the working paper on the suggested project...

The Malaysian state of Selangor is positioning itself to be the gateway to business in Southeast Asia, as the region aims to become the fourth-largest economy by 2030. The Association of Southeast Asian Nations (Asean), which currently trails the economies of the US,...

KUALA LUMPUR, May 8 — The Home Ministry (KDN) has inked 14 contracts with local companies valued at RM2.156 billion in conjunction with the Defence Services Asia (DSA) Exhibition & Conference 2024 and National Security (Natsec) Asia 2024. Home Minister Datuk Seri...

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,...