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Local shipowners can take steps towards reducing emissions across their fleet in the short term by increasing the energy efficiency of their vessels. This would be vital for the local operators to participate in the decarbonisation initiative, despite the financial constraint of replacing its entire vessel with fuel-efficient or retrofitting its existing fleet. PricewaterhouseCoopers (PwC) ...

Maritime industry expects to rally after pandemic shockwave 20 Dec 2020 / 10:20 H. Pix for representational purpose only. KUALA LUMPUR: Global maritime trade is expected to plunge 4.1 per cent in 2020, as the health pandemic has taken a toll not only on the supply chains but also shipping networks and ports, resulting in plummeting cargo volumes, of which Malaysia was not spared. The industry has also been dealing with the knock-on effects of growing trade protectionism and inward-looking policies, according to United Nations Conference on Trade and Development (UNCTAD) in a report last ...

AS small and medium enterprises (SMEs) are the backbone of the nation and are the biggest employers in the country, it is of utmost importance to not only help smaller businesses tide through the Covid-19 storm, but also to foster more entrepreneurs to drive the economy. This rationale is reflected in one of the core focus areas of Budget 2021, which covers the development of business- and entrepreneurship-related initiatives. To encourage entrepreneurship among Malaysians, there are numerous initiatives that build upon the foundation of existing programmes, such as the RM510mil allocated to ...