Sabah & Sarawak
Singapore’s Scoot will fly to Kuantan, Pahang and Kuching next year
Singapore’s low- cost airline, Scoot, which has successfully merged with Tigerair Singapore this month, will fly to Kuantan, Pahang and Kuching, Sarawak not later than the first quarter of next year. The medium- to long- haul arm of the Singapore Airlines Group will service the Kuching route seven times a week by end- October this year and Kuantan there times weekly by the first quarter of 2018.
Three chambers disagree on Labuan Port tender
Three chambers of commerce here are against the Labuan Port Authority’s ( LPA) decision to tender the terminal management and operations, describing it as a ‘ hasty’. The Labuan Indian Chamber of Commerce (LICC), Labuan Chinese Chamber of Commerce ( LCCC) and the Labuan Malay Entrepreneurs Chamber ( DUML) said the LPA was just established this year and has yet to assess the performance of the current port operator, Labuan Liberty Port Management Sdn Bhd ( LLPM).
Timber, product exports rise to RM9.75 bln in first five months
Malaysia’s timber and timber product exports rose 6.76 per cent to RM9.75 billion in the first five months of this year compared with the same period a year ago, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said. He said the timber industry was one of the major contributors to the nation’s export earnings, recording between RM20 billion and RM22 billion in revenue annually over the past 10 years.
MSPO certification progressing, aid for smallholders soon
Implementation of the Malaysian Sustainable Palm Oil ( MSPO) certification is progressing, with more planted areas expected to be certified, before being made mandatory at end- 2019.
Petronas divests interest in Petronas’s Bintulu LNG 9
Petronas has signed an agreement with PTTGL Investment Ltd ( PTTGLI) for PTTGLI’s equity participation of a 10 per cent equity interest in Petronas LNG 9 Sdn Bhd ( PL9SB) in Bintulu. PL9SB, a subsidiary of Petronas, owns the ninth LNG liquefaction train in the Petronas LNG Complex in Bintulu, Sarawak. Labuan IBFC, Labuan FSA collaborate with ADGM
Labuan International Business and Financial Centre, Labuan Financial Services Authority and Abu Dhabi Global Market inked two separate memorandums of understanding to collaborate on joint financial activities and regulatory practice.