Megah Port Reaffirms Commitment To Efficiency, Strengthens Ties With Labuan Port Authority

By Jailani Hasan

LABUAN, April 8 (Bernama) -- Labuan’s container port operator Megah Port Management Sdn Bhd (MPM) has reaffirmed its commitment to delivering efficient, high-quality cargo handling services while working closely with its regulatory partner, the Labuan Port Authority (LPA).

Labuan Food Industries Makes Waves As Seafood Exporter, Seeks To Almost Triple Output

LABUAN, April 8 (Bernama) -- Labuan Food Industries Sdn Bhd, a Malaysian fishery company with an established international business network, plans to nearly triple its annual finished tuna production next year with the setting up of a new facility here.

Axiata To Exit Myanmar With US$150 Mln Divestment

KUALA LUMPUR, April 4 (Bernama) -- Axiata Group Bhd is exiting Myanmar after its subsidiary, Edotco Investments (Labuan) Ltd, signed a share purchase agreement (SPA) to sell its entire 87.5 per cent stake in Edotco Investments Singapore Pte Ltd for US$150 million (RM713 million).

Exports From Eight States Rise To RM71.6 Bln In February - DOSM

KUALA LUMPUR, March 28 (Bernama) -- Exports from eight states rose to RM71.6 billion in February 2025, contributing to Malaysia’s total exports of RM118.3 billion, the Department of Statistics Malaysia (DOSM) said.

Dewan Rakyat And Dewan Negara Approve Two Economy-related Bills

KUALA LUMPUR, March 26 (Bernama) -- The First Meeting of the Fourth Session of the 15th Parliament, which concluded yesterday, saw the passing of two economy-related Bills within the 12-day session.​

Bank Deposits Growth Slows To 3 Percent In 2H 2024 On Rising Costs, Debt Repayment - BNM

KUALA LUMPUR, March 24 (Bernama) -- Banking system deposits grew at a slower pace of three per cent in the second half of 2024 (2H 2024), driven by the slower growth of deposits from resident businesses, partly due to higher costs and debt repayment.

Labuan Waterfront Development To Spur Economic Growth

By Jailani Hasan

LABUAN, March 21 (Bernama) -- The proposed Labuan’s Phase 1 Waterfront development is set to drive economic growth and provide significant spillover benefits to the island, according to Universiti Malaysia Sabah (UMS) Assoc Prof Dr Romzi Ationg.

CILTM Sabah Backs Labuan’s Growth As A Regional Maritime Hub

LABUAN, March 20 (Bernama) -- The Chartered Institute of Logistics and Transport Malaysia (CILTM) Sabah Section has been tasked by CILT Malaysia to drive the growth and development of Labuan’s logistics and transport industry.

Labuan's RM38 Mln Waterfront Revamp Set To Boost Economy, Tourism

LABUAN, March 15 (Bernama) -- Labuan, the Malaysian international business and financial hub, is set for a significant transformation with the proposed RM38 million Waterfront Development Project (Phase 1) to generate economic benefits and enhance tourism offerings in the island federal territory.

Aznan Abdul Aziz Appointed Deputy Governor Effective April 1, 2025 -- BNM

KUALA LUMPUR, March 14 (Bernama) -- Bank Negara Malaysia (BNM) said the Finance Minister has approved Aznan Abdul Aziz’s appointment as deputy governor for a three-year term effective April 1, 2025.

LHDN To Focus On E-invoicing, Tax Base Expansion In 2025

CYBERJAYA, March 10 (Bernama) -- The Inland Revenue Board (LHDN) will focus on the implementation of e-invoicing, expansion of the tax base, enforcement activities, tax corporate governance, the global minimum tax, self-assessment systems for stamp duty and real property gains tax, and Labuan business activity tax this year.

Sabah Company Partners Schlumberger For Greater Participation In O&G Sector

LABUAN, Feb 28 (Bernama) -- Nawie Oilfield Services Sdn Bhd (NOS) has signed a memorandum of understanding (MoU) with Schlumberger Malaysia Sdn Bhd (SLB) to enhance its participation in Sabah’s oil and gas (O&G) industry.