Selangor To Become Aerospace's Big Regional Player in Six to Seven Years
Invest Selangor Bhd’s newly launched division, the Selangor Darul Ehsan Aerospace Industry Coordination Office (S-Daico), targets to...
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MTT Shipping
May 22, 20201 min read
Inactive Fleet at New Record High
The inactive containership fleet has surged to a new record of 524 units for 2.65 MTEU as at 11 May, surpassing the previous high of 2.46...
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MTT Shipping
May 22, 20202 min read
Oil Rises to Two-Month High Amid Demand Recovery
Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and news...
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MTT Shipping
May 22, 20202 min read
India Resumes Purchase of Malaysian Palm Oil, Ending Diplomatic Row
India has resumed purchasing Malaysian palm oil following a four-month gap sparked by a diplomatic row over the former Malaysian...
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MTT Shipping
May 15, 20203 min read
Malaysia's March IPI Suffers First Drop Since February 2013, Downtrend to Continue
Malaysia's industrial production index (IPI) in March, which saw its first contraction since February 2013 and the steepest since...
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MTT Shipping
May 15, 20203 min read
Malaysia's Q1 GDP Growth Slows To 0.7pc Due to MCO, COVID-19
Malaysia’s economy grew moderately at 0.7 per cent in the first quarter of 2020 from 4.5 per cent in the same quarter last year, as gross...
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MTT Shipping
May 15, 20202 min read
Alibaba Reaffirms Commitment to Support Malaysia As Regional Trade and Transshipment Hub
As the global battle against Covid-19 continues, Alibaba Group, has reaffirmed its commitment to expand its logistics operations to...
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MTT Shipping
May 15, 20202 min read
Oil Rises on Saudi Cuts While IEA Sees Market Improving
Oil rose as Saudi Aramco slashed its sales to key buyers and the IEA said that the market is showing signs of improving. Futures in New...
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MTT Shipping
May 15, 20202 min read
BNM: Govt Has Sufficient Fiscal Space for Further Economic Stimulus
With its proven track record of continuous commitment to the medium-term fiscal consolidation path, Bank Negara Malaysia (BNM) Governor...
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MTT Shipping
May 15, 20202 min read
Maersk Sees Sharp Drop in Global Container Shipping Demand This Year
Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail...
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MTT Shipping
May 15, 20202 min read
IMO Draws Up Protocols for Safe Crew Changes
The International Maritime Organization (IMO) has sent a recommended framework of protocols for ensuring safe ship crew changes and...
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MTT Shipping
May 8, 20202 min read
Malaysia’s 1Q Trade Numbers Up Slightly, But Economists Say Outlook Dim
A mild improvement was seen in Malaysia’s first-quarter (1Q) trade performance, but economists say the outlook for the next two quarters...
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MTT Shipping
May 8, 20202 min read
GAC Testing Delivery of Supplies to Vessels Via Drones
Gulf Agency Company (GAC) has partnered with Singapore-based start-up F-drones to develop large-scale drones that can deliver up to 100kg...
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MTT Shipping
May 8, 20204 min read
Westports’ Container Throughput Expected to Recover In 2022, But Company Holds Steady
With many countries across the globe locked down, with stay-at-home restrictions and the closure of practically all non-essential...
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MTT Shipping
May 8, 20202 min read
DP World Creates Digital Platforms to Move Global Trade Online
DP World has rolled out online logistics tools and services as part of a connected ecosystem of platforms to enable forwarders and...
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MTT Shipping
May 8, 20203 min read
Bank Negara Slashes Interest Rates By 50bp to Lowest Since 2010
Bank Negara Malaysia's Monetary Policy Committee (MPC) slashed interest rates by 50 basis points to 2% which is the lowest level since...
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MTT Shipping
May 8, 20202 min read
JPMORGAN: The Struggling Oil Market Finally Stabilized, But Recovery Will Take Up To 3 Months
Global oil demand remains at historic lows as inventory vastly outpaces storage, but JPMorgan analysts think the worst of the...
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MTT Shipping
May 8, 20202 min read
Sarawak Forms Council to Draw Up Post-Covid-19 Economic Strategy Up to 2030
Sarawak has formed an economic action council to draw up a post-Covid-19 economic strategy up to 2030, says Datuk Patinggi Abang Johari...
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MTT Shipping
May 8, 20202 min read
MDEC: E-Commerce Set to See Strong Growth This Year
E-commerce’s contribution to the country’s gross domestic product (GDP) is expected to rise this year on increased consumer confidence in...
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