Business

PUTRAJAYA, The government is set to develop and enhance the infrastructure at existing ports to make Malaysia a ‘homeport’ for cruise ships, says Transport Minister Anthony Loke Siew Fook. He said several improvements were being made, including increasing the capacity at Port Klang Cruise Terminal to accommodate more cruise ships and beautifying the surroundings of Swettenham Pier Cruise Terminal in Penang. Loke said that existing ports in Langkawi, Melaka, Kuantan, Kota Kinabalu, and Kuching, although lacking cruise ship infrastructure, could support cruise ships if upgrades were implemented. “The Malaysian cruise sector has shown strong growth after COVID-19. Malaysia received 1,055

JEDDAH, Saudi Arabia, Amal by Malaysia Airlines, a Malaysia Aviation Group (MAG) unit offering Haj and Umrah flight services, aims to increase its revenue contribution to the group to between 7.5 per cent and eight per cent in the next three to five years. Chief operating officer Muhammad Najmi Mansor said this increase would be supported by the recovery of the Haj and Umrah market, high demand to perform Umrah, active capacity building by the Saudi government, usage of e-Visa for Tourist, as well as further expansion of the Amal network. He said that based on the performance for 2023

KUALA LUMPUR, Kelington Group Bhd has entered into a conditional share sale agreement (SSA) to acquire 2.53 million ordinary shares in Ace Gases Sdn Bhd for RM35.69 million. In a Bursa Malaysia filing today, Kelington said the acquisition represents the remaining 9.29 per cent equity interest and will allow it to fully control Ace Gases. “The SSA is to be satisfied via cash consideration amounting to RM10.07 million cash and issuance of 7.59 million new ordinary shares in Kelington at an issue price of RM3.37 per share,” it said. Kelington said that the acquisition would provide greater flexibility in planning

KUALA LUMPUR, The World Trade Centre Kuala Lumpur (WTCKL) won the “Best Convention and Exhibition Centre” award at the Tourism Industry Awards (TIA) 2024 held here on Friday (July 26). Its group managing director, Datuk Seri Dr Irmohizam Ibrahim said the achievement shows WTCKL’s commitment to excellence according to global benchmarks in providing exceptional space and services for various types of events. “We are determined to continue to innovate and raise industry standards by ensuring each event held at WTCKL has a high impact,” he said in a statement today, adding that this excellence proves the hard work and dedication

KENINGAU, The export revenue from the cocoa industry reached RM4.8 billion as of May 2024. In a statement today, the Ministry of Plantation and Commodities said this amounted to approximately 58 per cent of the cocoa industry’s export revenue of RM8.2 billion last year. “This achievement clearly shows the industry’s importance as a catalyst for the country’s economy,” said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. The statement was released in conjunction with Johari’s visit to cocoa smallholders in Kampung Liau Ulu, here today. During the visit, the minister also officiated a post-harvest technology course, a cocoa cluster