Malaysia to provide $954m fund for shipping
Struggling Malaysian shipowners received a boost in the country’s 2014 budget with MYR3bn ($954m) allocated for soft loans to the maritime industry. In his budget speech Malaysian Prime Minister and Finance Minister Najib Tun Razak said the government would allocate...Better logistics coordination needed to stay competitive
KUALA LUMPUR, Sept 25 (Bernama) – Malaysia needs to improve coordination in the logistics sector to enhance competitiveness, said former Director General of Ministry of International Trade and Industry (MITI), Tan Sri Abdul Rahman Mamat. He said the logistics sector...Global freight rates rally poses ‘positive impact’
PETALING JAYA: The recent surge in the global shipping freight rates — the shipping bulk dry index — may signal rosy times for some sectors of the Malaysian shipping industry. A 9% rise last week of the Baltic Dry Index (BDI), which has risen 45% so far this month,...Sarawak seeks double tax deduction on freight charges
KUCHING: The federal government has been asked to introduce a double tax deduction on freight charges for three business categories in the state. Industrial Development Minister Datuk Amar Awang Tengah Ali Hasan said the double deductions should cover the exports of...Advertisement
