All Stories in Malaysia Business

Lynas’ Malaysian plant near completion

Lynas Corporation says construction of its rare earths processing plant in Malaysia is 91 per cent complete. The Lynas Advanced Materials Plant (LAMP) project has been delayed by procurement issues and the recent monsoon season, and first production is expected in the second quarter of …

Emerging markets still shine, says Agility report

Global economic uncertainty and Middle East political turmoil are doing little to dim the attraction of emerging markets, which show signs of reducing their dependency on developed markets as they compete to be the trade hubs of the future, according to latest Emerging Markets Logistics …

Total trade projected to grow 7-8 pct this year: Malaysia

KUALA LUMPUR, Jan 17 (Bernama) — The country’s total trade is projected to grow by seven to eight per cent this year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. From January to November 2011, Malaysia’s total trade amounted to RM1.16 trillion with …

Evergreen’s Father Chang fears bad times ahead in sluggish global economy

EVERGREEN’s founder chairman Chang Yung-fa predicts the global economy in 2012 will not likely to recover due to week demands of the European and American markets, slow livelihoods consumption and sluggish electronic industry, reports Taiwan’s Economic Daily News. Mr Chang says it will be hard …

What was missed out this week?

OOCL ends slot deal on Emirates’ Asia and India-Pakistan string Logistics sector in 2012 to be marred by slow demand, low rates MASkargo probed for corruption, as part of internal cleanup Shanghai rate index rises sharply on all major routes as 2011 ends Sino-Singaporean joint …

MISC decision to exit container shipping applauded as ‘wise move’

MALAYSIAN maritime interests have approved MISC Bhd’s decision to leave container shipping as a “wise move” because staying in would mean setting itself against heavyweight rivals in an unwinnable war of attrition. “To become a major player in the international container shipping industry requires massive …

Masteel seeks approval for Iskandar commuter rail project

Bernama reported that Malaysia Steel Works Bhd or Masteel is currently waiting for the next presentation to the Economic Council to seek approval for the proposed Iskandar Malaysia’s commuter rail project. In filing to Bursa Malaysia, Masteel said barring unforeseen circumstances, the presentation was scheduled …

Malaysia Steel Works advances on tripling Q3 income

Bloomberg reported that Malaysia Steel Works KL Bhd rose the most in more than two weeks in Kuala Lumpur trading after third quarter net income more than tripled to MYR 16.2 million. As per report, the stock climbed 1.9% to MYR 1.07 at 9:14 AM …

Kontena Nasional eyes 25% revenue growth this year

Kontena Nasional Bhd (KNB), a premier logistics company, aims to achieve 25 per cent growth in revenue this year and in 2012, said its chief executive officer, Hood Osman. He said KNB was now in the midst of transforming its business modules and for that …