RETRENCHMENT in Malaysia is slowing down and thus shows signs of stabilisation, said Human Resources Ministry secretary-general Datuk Thomas George.
He said this was based on the number of those retrenched in the last one month, not having changed from 23,500 locals and 7,955 foreigners.
Speaking on the sidelines of the National Seminar on Work, Income and [...]
Exports of Malaysian palm oil products for April 1-20 rose 4.2 per cent to 754,129 tonnes from 723,770 tonnes shipped between March 1 and 20, cargo surveyor Intertek Testing Services said today.
Meanwhile, another cargo surveyor Societe Generale de Surveillance reported that exports rose 0.8 per cent to 747,575 tonnes.
Source: Reuters
By SHARIDAN M. ALI
WANING freight rates in container, dry bulk and tanker segments will continue to plague Malaysian shipping companies’ earnings this year.
The freight rates are generally down due to slumping world trade, lower iron ore demand from the world’s largest steelmaker – China, and reduced Organisation of the Petroleum Exporting Countries (Opec) production.
Declining world [...]
By SHARIDAN M. ALI
THE Selangor Freight Forwarders and Logistics Association (SFFLA) is spearheading efforts to improve the level of professionalism in the industry via education and development of standardised regulations.
President Tan Ah Beng said the association would submit an application to the Government for a RM1mil grant to develop certificate and diploma programmes in logistics [...]
i’ll be posting a series of pix in the coming weeks under this title that in one way or another tells of the current scenario in Malaysia. A pix tells a thousand words…
Starting with this..
roads within the terminal converted to storage in Johor Port!!! (btw, if posting these stuff is not legal to do so, [...]
FEBRUARY 2009
1. In February 2009, Malaysia’s exports posted a decrease of 15.9% to RM39.6 billion and imports also fell by 27.3% to RM27.6 billion year on year. As compared with January 2009, exports registered an increase of 3.4% from RM38.3 billion while imports down by 8.4% from RM 30.2 billion.
2. Malaysia external trade recorded a [...]
China Shipping Container Lines said its 2008 net profit fell 96 percent from a year earlier due to a slump in exports amid the global financial crisis, and that it expects excess shipping capacity to push revenue down a further 15 percent in 2009.
China’s largest container shipper by capacity said under Chinese accounting standards, its [...]
CMA CGM Group has announced that it will be rationalising its services between Asia and the US East Coast, with several changes
As from the end of March 2009, CMA CGM and its partner TNWA will stop their ESX/SAX service calling Ningbo, Shanghai, Chiwan, Hong Kong, Balboa, Manzanillo, Jacksonville, Savannah, New York, Norfolk, Balboa, Ningbo.
Furthermore, CMA [...]
Feb09 exports -15.9% y-o-y imp -27.3%.Total trade in Feb -21% to RM67bil,trade surplus of RM11.97bil;M-o-m,exp +3.4%,imp -8.4%
