Categories: News

Cable-laying ships exempted from cabotage policy starting June 1 — MOT

KUALA LUMPUR — Starting June 1, all cable-laying ships engaged in the installation, maintenance and repair of submarine telecommunication cables landed at any submarine cable landing centre in Malaysian waters are exempt from the cabotage policy.

The Transport Ministry, in a statement, said the exemption was made under Section 65U of the Merchant Shipping Ordinance 1952.

It said that Transport Minister Anthony Loke signed a gazette yesterday aimed at boosting investments in internet technology infrastructure in Malaysia.

In the same statement, Loke said that Malaysian and international tech companies had since 2020 voiced the need for the government to adopt a more progressive regulatory framework that can promote more investments in the tech sector.

“The Unity Government is committed to accelerating the development of Malaysia’s digital infrastructure,” he said.

The government has also revoked the cabotage policy exemption for all ships carrying cargo from any port in Sarawak to any port in Peninsular Malaysia, Labuan, and Sabah, and vice versa at the request of the Sarawak government. — BERNAMA / pic AFP


Recent Posts

Cedar Creek Energy Unveils Megawatt Solar Installation at Room & Board Headquarters

BLAINE, Minn., June 13, 2024 /PRNewswire/ -- Cedar Creek Energy, a leader in solar energy solutions,…

26 mins ago

TM Investors Have Opportunity to Lead Toyota Motor Corporation Securities Fraud Lawsuit

NEW YORK, June 13, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law…

28 mins ago

Sagicor Financial Announces Results of the Annual Meeting of Shareholders

TORONTO and BARBADOS, June 13, 2024 /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) ("Sagicor…

36 mins ago

Survey: There’s Cautious Optimism Among China-based CEOs in the Face of Growing Risks

BEIJING, June 14, 2024 /PRNewswire/ -- Business confidence among China-based CEOs of multinational corporations has…

36 mins ago

Avidity Biosciences, Inc. Announces Pricing of Public Offering of Common Stock

SAN DIEGO, June 13, 2024 /PRNewswire/ -- Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company committed…

36 mins ago

Plug and Play Honors Five Corporate Partners for a Decade of Collaborative Innovation

SUNNYVALE, Calif., June 13, 2024 /PRNewswire/ -- Plug and Play, a global innovation platform connecting…

36 mins ago