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Malaysia’s customs, revenue collecting agency to co-audit all firms

Malaysia’s customs, revenue collecting agency to co-audit all firms

Sep. 21 | The Royal Malaysian Customs Department and the Inland Revenue Board (IRB) will jointly undertake an audit of all companies in Malaysia in an effort to effectively plug leakages in the system that have resulted in the government being shortchanged in revenue...

Aviation seen to grow despite political volatility, growing protectionism

Aviation seen to grow despite political volatility, growing protectionism

Sep. 20 | In spite of protectionist policies, airport cargo volume and passenger traffic are expected to continue to rise rapidly over the next two years, propelled by various elements ranging from affordable air travel to rapid urbanization, according to the latest...

UN report: Austerity policy of advanced economies stalling global recovery

UN report: Austerity policy of advanced economies stalling global recovery

Sep. 19 | The world economy in 2017 is picking up but not lifting off, stuck on its path to recovery, says a new report from the United Nations Conference on Trade and Development (UNCTAD), while offering an alternative policy route to build more inclusive and...

Businesses concerned about impact of urbanization on logistics operations

Businesses concerned about impact of urbanization on logistics operations

Sep. 18 | Nearly all companies are concerned about how urbanization will impact business growth and sustainability, with less than half feeling up to the challenges it will pose to logistics and business operations, according to a new study. “The Road to Sustainable...

ASEAN, HK conclude free trade talks

ASEAN, HK conclude free trade talks

Sep. 18 | The Association of Southeast Asian Nations (ASEAN) and Hong Kong have concluded negotiations on their free trade agreement (FTA) at the second ASEAN Economic Ministers-Hong Kong, China Consultations held recently in Pasay City, the Philippines. Philippine...

CMA CGM swings to black, confirms order for 22,000-TEU ships

CMA CGM swings to black, confirms order for 22,000-TEU ships

Sep. 17 | French container shipping liner CMA CGM said it posted “excellent financial results” for the second quarter of 2017 as volumes surged and freight rates jumped, and affirmed its order for nine mega box vessels. Volumes carried in the second quarter...

ICS: $100B needed to invest in new ballast water treatment systems

ICS: $100B needed to invest in new ballast water treatment systems

Sep. 15 | The International Chamber of Shipping (ICS) said that with the entry into force of the International Maritime Organization (IMO) Ballast Water Management (BWM) Convention last September 8, the sector may have to invest about US$100 billion in new treatment...

BWM Convention in force; Jamaica and Malta latest signatories

BWM Convention in force; Jamaica and Malta latest signatories

Sep. 13 | The International Maritime Organization announced that Jamaica and Malta have become the latest states to sign up to IMO’s Ballast Water Management Convention, which entered into force on September 8, 2017. Malta acceded to the BWM Convention earlier...

Nearly half of APAC manufacturers to have smart factories by 2022—report

Nearly half of APAC manufacturers to have smart factories by 2022—report

Sep. 13 | The number of manufacturers supporting a fully connected factory will nearly triple by 2022, meaning 46% anticipate having the capability in five years’ time, according to a new report analyzing the emerging trends shaping the future of industrial manufacturing. This...

Small parcels shifting to premium transport services

Small parcels shifting to premium transport services

Sep. 13 | A global survey of express users and carriers has revealed a strong momentum towards the use of premium services by shippers, driven not least by the increasing demands of e-commerce customers, according to a new report by Transport Intelligence (Ti). When...
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