Miti extends deferral of 80:20 employment ratio rule for manufacturing sector
Miti extends deferral of 80:20 employment ratio rule for manufacturing sector. KUALA LUMPUR (Dec 17): The Ministry of Investment, Trade and Industry (Miti) has extended the deferral of the 80:20 employment ratio requirement for the manufacturing sector. In a statement, Miti said the deferral will continue to be in effect until the multi-level levy mechanism (MTLM) is fully implemented. “This [...]
22/12/2024
Getting nuclear for maritime over the hump
Getting nuclear for maritime over the hump. Mikal Boe writes for Splash today on nuclear’s regulatory approval process. It’s 114 years since the first diesel powered ships set out to sea. That big diesel engine changed the world because diesel is more energy dense than what came before. It brought us immense improvements in energy effectiveness, the globalisation of trade, [...]
22/12/2024
Tanjung Offshore inks well services deal with Petronas
Tanjung Offshore inks well services deal with Petronas. Malaysian contractor Tanjung Offshore, part of T7 Global, has won a contract for the provision of integrated well continuity services for intervention, workover, and abandonment from compatriot Petronas. Tanjung Offshore will provide perforation, wash and cement services, integrated workover for production enhancement and abandonment, project management team services, and a hydraulic workover [...]
22/12/2024
Shippers warned of chaotic start to 2025 for container shipping
Shippers warned of chaotic start to 2025 for container shipping. Increased tariffs from the Trump 2.0 administration, a potential US East Coast ports strike, and alliance restructuring all promise a turbulent start to the year, according to DHL Global Forwarding.. DHL Global Forwarding said that stronger than expected demand container shipping is being seen in the final months of 2024. [...]
16/12/2024
Tankers could face a rough voyage through 2025
Tankers could face a rough voyage through 2025. A sharp upturn in deliveries across some sectors of the tanker market could whip up choppy waters over the year ahead. Tanker owners have benefited recently from ‘colossal gains’ in tonne-miles following sanctions on Russia and longer voyages round the Cape, shipbroker Gibson has pointed out. Other plus points have included the [...]
16/12/2024
South Korea to invest $10 billion in Busan Port expansion
South Korea to invest $10 billion in Busan Port expansion. South Korea has announced plans to double capacity of the nation’s largest port in Busan by 2045. The $10 billion investment plan will see the construction of a new port in Changwon, which will be integrated with the existing Busan Port, effectively doubling its cargo handling capacity. The Korean government [...]
15/12/2024
Budget 2025: Redefining Malaysia’s economic landscape [Part 2 of 2]
Budget 2025: Redefining Malaysia's economic landscape [Part 2 of 2] Easing the rakyat's burden with continued social assistance, reliable infrastructure As the government moves to situate the country as a prime destination for high-value investments, it has also showcased its continued commitment to support the rakyat in ensuring constant standards of living upliftment. Besides the continuation of targeted subsidies for [...]
10/12/2024
Newly-formed Malaysian Business Chambers of Asean an interface between regional trading community
Newly-formed Malaysian Business Chambers of Asean an interface between regional trading community. PHNOM PENH (Dec 9): The Malaysian business community in the region has jointly launched the Malaysian Business Chambers of Asean (MBCs Asean) to tap the vibrant, resources-rich Southeast Asian market, driven by 670 million consumers. Spearheaded by the Malaysian Business Chamber of Cambodia (MBCC), the newly launched nodal [...]
09/12/2024
Budget 2025: Redefining Malaysia’s economic landscape [Part 1 of 2]
Budget 2025: Redefining Malaysia's economic landscape [Part 1 of 2] The government's latest budget marks a significant shift in Malaysia's economic game plan, shifting away from the mega-project approach of the past, towards a more holistic practice, placing a greater emphasis on the rakyat's well-being. The Madani Government, headed by Prime Minister Datuk Seri Ibrahim, has tailored RM421 billion Budget [...]
08/12/2024
Asia and Europe on divergent coal paths
Asia and Europe on divergent coal paths. Global seaborne coal trades are being cleaved apart, with Asian economies taking more and more volumes while the West pulls back from the commodity. According to data from AXS Marine, the volume of steam coal cargoes discharged at mainland Chinese ports in October reached 34.25m tonnes, up 15.8% from September, and up by [...]
24/11/2024
