KUALA LUMPUR, Oct 29 (Bernama) — National carmaker Proton Holdings Bhd is seen as the immediate beneficiary of the more open National Automotive Policy (NAP) as it already has available capacity for potential auto manufacturers to capitalise on.
Other beneficiaries are the tier-1 autoparts suppliers as the industry consolidates further with the enforcement of mandatory standards [...]
KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) will soon penetrate the New Zealand steel market after clinching an agreement to export RM120mil worth of steel bars to the Australian market via Stemcor Australia Pty Ltd, said managing director and chief executive officer Datuk Seri Tai Hean Leng.
He said the Certification of Product Compliance from [...]
With a combined economy bigger than India or South Korea and a total population of more than half a billion people, ASEAN has the potential to become an economic force that could rival China, India, Brazil and Russia. The absence of ASEAN from investors’ radar screens as a unified economic unit is due to the [...]
Turkish longs producer Izmir Demir Celik Sanayi AS announced that it has decided to purchase a dry bulk vessel of 53,483 DWT in order to reduce the freight costs of its exports. The purchase which will be completed in November or December 2009 will cost USD 28.2 million to be paid from the company’s own [...]
PETALING JAYA: The Port Klang Free Zone (PKFZ) and Marseilles Fos Port Authority (MFPA) have signed a Memorandum of Understanding to boost their strategic partnership through joint exploration.
The agreement will have both ports exploring and implementing a coordinated marketing approach concept for the distribution of halal products in Europe, Africa and the Mediterranean.
Transport Minister Datuk [...]
KUALA LUMPUR: Domestic car tariffs have been kept at current rates, but the Government unveiled yesterday a series of new measures and improved tax incentives aimed at attracting fresh investments to spur the industry’s growth following the review of the National Automotive Policy (NAP).
The Malaysian Automotive Association (MAA) expects car prices to be maintained after [...]
Mitsui OSK Lines Limited said that its container unit may be unprofitable for two more years as rising global capacity and slowing world trade damps rates. The unit will make a loss in the year ending March 2011.
Mr Masakazu Yakushiji EVP of MOL said that it may be able to return to profit the following [...]
Because of the weak demand, Chinese steel market prices continue to decrease.
Rebars in 16mm to 25mm was priced at CNY 3530 per tonne in Shanghai market down by CNY 50 and the price in Beijing was CNY 3550 per tonne down by CNY 30.
What’s more, Ansteel reduced the EXW prices for November as well for [...]
MISC Berhad – Malaysia recently augmented its current Halal Express Service with the Halal Express Service – Loop 2 (HES-2) to connect Far East ports to India and the Middle East Gulf region, via Colombo. The service commenced on the 24th of September 2009 with an inaugural voyage starting from Japan, with a view to [...]
