Day: July 30, 2024

KUALA LUMPUR, The Ministry of Transport called on shipping industry players and maritime stakeholders to step forward with ideas and proposals to bolster Malaysia’s competitiveness in the maritime sector. Transport Minister Anthony Loke said the ministry will compile all the ideas and proposals before presenting them to the Ministry of Finance (MoF) for consideration for the upcoming Budget 2025 presentation in October. ‘What we want from the MoF is to facilitate and encourage more investment in the local shipping industry as this is important for our economy, as well as the security and safety of our nation,’ he said during

KUALA LUMPUR, The Malaysian Competition Commission (MyCC) has imposed financial penalties of more than RM570 million on nearly 100 companies involved in cartel activities in the country, the Dewan Negara was told today. The Ministry of Domestic Trade and Cost of Living (KPDN) in a written reply to Senator Datin Ros Suryati Alang said the MyCC is also actively investigating 18 cartel cases involving more than 500 enterprises. ‘Fourteen out of the 18 cartel cases involved fraudulent bid-rigging in government procurement with a cumulative value exceeding RM3.3 billion,’ it said. To ensure effective and efficient enforcement, KPDN said that it