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Western Sanctions Take Big Bite Out of Sovcomflot’s Results

Western Sanctions Take Big Bite Out of Sovcomflot’s Results

Russia’s tanker operator PAO Sovcomflot is citing the impact of the Western sanctions on the company’s results. It reported a significant drop in revenues and a loss for the first quarter of 2025 along with recording a non-cash impairment related to the fleet. The...

Major Cargo Fire Breaks Out on Bulker in Amsterdam

Major Cargo Fire Breaks Out on Bulker in Amsterdam

On Thursday, a large fire broke out in the hold of a bulker in Amsterdam's western port district, sending noxious smoke over a large area of the city and prompting an air-quality alert. Firefighting efforts continued into Friday morning.  At about 1700 hours...

RWE is Latest to Stop U.S. Offshore Wind Activities

RWE is Latest to Stop U.S. Offshore Wind Activities

German renewable energy giant RWE is set to announce that it has stopped its offshore activities in the United States and setting higher requirements for future investments because of the “political developments.” The company follows TotalEnergies, Shell, and BP which...

White House Seeks Deep Cuts at NOAA

White House Seeks Deep Cuts at NOAA

Internal budget documents leaked to the media Friday suggest that the Trump White House wants to cut funding for NOAA's National Ocean Service in half, move the National Marine Fisheries Service to the Department of the Interior, end the Sea Grant program for...

Iran Probes for New Maritime Routes Into Lebanon

Iran Probes for New Maritime Routes Into Lebanon

Reports from Israel suggest that the Islamic Revolutionary Guard Corps (IRGC) Quds Force is making progress in its search for new routes into Lebanon, following the destruction of the traditional smuggling routes into Lebanon by Israel in recent months. A primary...

Ports and Businesses Brace for Impact From Heavy Tariffs

Ports and Businesses Brace for Impact From Heavy Tariffs

Markets reacted negatively on Monday after President Donald Trump's announcement of sweeping tariffs on major trading partners, including an additional 34 percent tariff on China. The Dow fell four percent, the S&P 500 dropped five percent, the Nasdaq was...

Local News

Sepanggar welcomes Singapore shipping route

Sepanggar welcomes Singapore shipping route

Kota Kinabalu: Sapangar Bay Container Port (SBCP) welcomed the maiden call of the Ji Yun 16, operated by Warisan Shipping Line under its newly launched Singapore Express Service. The service connects Muara – Sapangar – Singapore – Muara on a regular schedule,...

Finance Minister II : Budget 2026 will address cost of living

Finance Minister II : Budget 2026 will address cost of living

PUTRAJAYA: The government’s upcoming 2026 Budget will focus on safeguarding public welfare while addressing structural economic challenges, said Finance Minister II Datuk Seri Amir Hamzah Azizan. Speaking at the opening of the Budget 2026 consultation sessions here...

Focus On US Tariff Impact On Asia

Focus On US Tariff Impact On Asia

After US President Trump’s 1 August tariff deadline came to an end and as investors watch what will happen in the US-China trade talks, Swiss private bank Julius Baer shares its insights on the impact on Asia’s asset allocation and economies. After the market...

Top global leaders to attend Asean Summit

Top global leaders to attend Asean Summit

CYBERJAYA: Prime Minister Datuk Seri Anwar Ibrahim has announced the attendance of an unprecedented gathering of global leaders at the Asean Summit, including US President Donald Trump, Brazilian President Luiz Inacio Lula da Silva, South African President Cyril...

‘Malaysia moving at own pace’

‘Malaysia moving at own pace’

COUNTRIES like Singapore and South Korea have integrated artificial intelligence-enabled surveillance, predictive logistics and cyber command structures into their militaries. How does Malaysia’s cyber and AI modernisation trajectory compare with regional peers and...

People-centric initiatives boost MSME sector in Malaysia

People-centric initiatives boost MSME sector in Malaysia

KUALA LUMPUR: Recent government measures aimed at easing financial burdens on Malaysians are expected to provide significant relief to micro, small, and medium enterprises (MSMEs). Prime Minister Datuk Seri Anwar Ibrahim’s announcements include continued fuel...

Johor drives transport upgrades, Singapore links

Johor drives transport upgrades, Singapore links

Johor government is doubling down on efforts to upgrade its public transport systems, especially at key cross-border checkpoints, in a move to boost connectivity with Singapore ahead of Visit Johor 2026. With over 60,000 daily commuters crossing between Johor and...