KUALA LUMPUR, May 29 (Bernama) — The government has agreed to liberalise the Cabotage Policy for containerised transhipment cargo for the sectors between the Port of Sepangar, Port of Bintulu, Port of Kuching with Port Klang and the Port of Tanjung Pelepas and vice versa.
The selective liberalisation allows foreign vessels to carry containerised transhipment cargo [...]
Bank Negara said today the economy contracted by 6.2% year-on-year in the first quarter due to significant deterioration in external demand.
CPO for Aug delivery rose RM51/tonne to RM2,481 after two days of decline. Crude oil was higher at US$62.52/barrel in Singapore.
By : Kang Siew Li
KUALA LUMPUR: Privatisation is the only way to fix the controversial Port Klang Free Zone (PKFZ) in Pulau Indah, Selangor, as attempts by its owner, Port Klang Authority (PKA), to overhaul and run the free zone have failed, industry sources said.Even with the much awaited release of the PricewaterhouseCoopers (PwC) report [...]
By : Presenna Nambiar
KLANG: Port Klang Authority’s (PKA) board of directors has given its general manager, Lim Thean Shiang, until June 5 to reconsider his decision to resign, according to a source.
The board had on Thursday accepted the resignation of Lim as Port Klang Free Zone Sdn Bhd (PKFZSB) executive chairman, but a source said [...]
Nymex crude oil 1-mth future at US$61.63/bbl at 1.33pm poised for >9% weekly gain as investors buy commodities to hedge against falling US$
Terence Fernandez and R.Nadeswaran
PETALING JAYA: The man hired to clean up the Port Klang Free Zone (PKFZ) and shore the sagging finances of the Port Klang Authority (PKA) has quit.
Lim Thean Shiang, who was appointed on a two-year contract as PKA general manager and PKFZ chief executive tendered his resignation last week, amidst talks of [...]
By EDWARD RAJENDRA
PORT KLANG: Exquisite red sandalwood worth RM4.5mil was seized at the Westport Free Zone, following weeks of surveillance by the Port Klang Authority and the Malaysian Timber Industry Board (MTIB).
Weighing 15 tonnes, the contraband wood is believed to be have been smuggled in from India and was on its way to China where [...]
Nymex crude oil gained 62 cents to USD59.65 a barrel
