EPF declares dividend rates of 6.3% for both conventional, shariah savings for 2024 — highest since 2017
EPF declares dividend rates of 6.3% for both conventional, shariah savings for 2024 — highest since 2017. KUALA LUMPUR (March 1): The Employees Provident Fund (EPF) has declared a dividend rate of 6.3% for conventional savings, the highest since 2017 when it declared a 6.9% dividend, and also 6.3% for shariah savings for the financial year ended Dec 31, 2024 [...]
02/03/2025
Microsoft retires Skype, internet call pioneer
Microsoft retires Skype, internet call pioneer. The platform revolutionised online communication with free calls between computers, before the rise of rivals like Teams, Zoom and WhatsApp. Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan acquired in 2011. “Starting in May 2025, Skype will no longer be available,” said a [...]
02/03/2025
Cyber security threats are not new, but shipping still unprepared
Cyber security threats are not new, but shipping still unprepared. Shipping’s legacy systems and accelerating digitalisation call for a focus on cyber security regulation and training to respond to threats. The maritime industry’s mix of legacy systems, rapid data exchange, and rapid digitalisation create challenges around cyber security in need of urgent, collaborative solutions, according to an expert panel. Speaking [...]
24/02/2025
US targets China ships, operators with millions of dollars in new port charges
US targets China ships, operators with millions of dollars in new port charges. Fees as high as $1.5 million per call proposed by United States Trade Representative In a major retaliatory move against China, the United States is proposing expensive charges that could add millions of dollars in costs for ocean container lines and other carriers calling U.S. ports. The [...]
24/02/2025
Myanmar turns to Russia to help develop Dawei port project
Myanmar turns to Russia to help develop Dawei port project. Myanmar has turned to a new partner to help develop long-held plans to turn Dawei in the southeast of the country into a major port. Russia’s economic development minister, Maxim Reshetnikov, signed an investment cooperation pact with the Myanmar government over the weekend to develop the port, an oil refinery [...]
24/02/2025
Central banks of Malaysia, Indonesia, Thailand adopt local currency transaction guidelines
Central banks of Malaysia, Indonesia, Thailand adopt local currency transaction guidelines. KUALA LUMPUR (Feb 17): The central banks of Malaysia, Indonesia and Thailand have adopted a consolidated local currency transaction framework to promote local currency-denominated cross-border transactions. In a joint statement on Monday, Bank Negara Malaysia (BNM), Bank Indonesia and the Bank of Thailand said they have adopted a harmonised [...]
17/02/2025
Port Klang targets 15 mil TEUs in 2025, says Loke
Port Klang targets 15 mil TEUs in 2025, says Loke. KLANG (Feb 17): Port Klang is targeting 15 million twenty-foot equivalent units (TEUs) of container handling this year, representing a 2.3% increase from 2024. Transport Minister Anthony Loke Siew Fook attributed the target to positive domestic economic growth, ongoing infrastructure development, and cargo growth driven by the manufacturing and logistics [...]
17/02/2025
Malaysia’s current account surplus set to expand in 2025 on export strength, tourism revival — analysts
Malaysia's current account surplus set to expand in 2025 on export strength, tourism revival — analysts. KUALA LUMPUR (Feb 17): Malaysia's current account (CA) surplus is projected to grow in 2025, driven by continued robust exports and a resurgence in tourism. Kenanga Investment Research (KIB) forecasted the surplus to reach 1.9% of GDP, up from 1.7% in 2024, with exports [...]
17/02/2025
Malaysia’s sales and service tax revenue for 2024 exceeds expectations — MOF
Malaysia's sales and service tax revenue for 2024 exceeds expectations — MOF. KUALA LUMPUR (Feb 7): Sales and Service Tax (SST) revenue for 2024 is estimated at RM44.7 billion, exceeding the initial expectations of RM41.3 billion, the Ministry of Finance (MOF) said. However, the final amount will be confirmed in the federal government’s financial statement for 2024, the ministry stated [...]
09/02/2025
Rafizi: Carbon capture, utilisation, and storage regulatory framework bill to be tabled in early March
Rafizi: Carbon capture, utilisation, and storage regulatory framework bill to be tabled in early March. Economy Minister Datuk Seri Mohd Rafizi Ramli (fifth left), Zafer Mustafaoğlu (fourth left), the World Bank's country director for the Philippines, Malaysia, and Brunei, and delegates launching a joint report by the World Bank and the Ministry of Economy, titled 'A Fresh Take on Reducing [...]
09/02/2025
