GIC’s Post

Eight Degrees: 12th Edition Our today's hot hot hot coverage. 1.     Putrajaya to introduce a new PPP model in order to reduce its fiscal burden.  2.     EVs will be getting a new car plate that will make you confused whether we are in Malaysia or Europe.  3.     Thailand is clawing its way from becoming the poor-performing economy in the region. https://lnkd.in/gjPKaFSA

In 2019, President of Indonesia issued Presidential Regulation No. 55 on Accelerating the Electric Vehicle Road Transport Program, which set the legal framework for battery electric vehicles ("BEV") ("Regulation 55/2019") and their industrial basis. Recent changes to the policy and the state of industrial development have led the President of Indonesia to issue Presidential Regulation No. 79 of 2023, which aims to enhance the existing legal framework and encourage the growth of the electric vehicle sector. Changes to BEV categories, TKDN rates, charging infrastructure categories, CBU standards, and incentives are part of the amendments, which take into effect on December 8, 2023, yet they keep most of Regulation 55/2019.

#News #Updates Expands KVT Service for Improved Southbound Connectivity! 🚢 #ONE #KVTService #SouthboundShipping #SupplyChain Great news for shippers in the Korea-Vietnam-Thailand trade lane! Ocean Network Express (ONE) has announced an enhancement to its KVT service, offering broader southbound coverage and faster transit times. •Key Highlights: ✓New port rotation including Incheon, Gwangyang, Pusan, Ho Chi Minh City, and Laem Chabang. ✓Direct service from Laem Chabang and Ho Chi Minh City to Incheon. ✓Enhanced connectivity and faster transit times for shippers. This strategic move by ONE demonstrates their commitment to meeting evolving customer needs and optimizing their network. Are you looking to ship between Korea, Vietnam, and Thailand? This revamped KVT service could be the solution you've been waiting for! #ShippingNews #SupplyChainOptimization #TradeLane

TransNamib to launch new pricing strategy: National railway operator TransNamib plans to launch a new pricing strategy initiative, the TransEvaRail Pricing Strategy Project, in line with its strategic business plan for 2022-2027. The aim of the initiative is to strengthen TransNamib’s revenue generation, enhance sustainable competitiveness and ensure commercial stability. The project will leverage industry insights, analyse relevant data and foster informed decision making processes over a three-month period. TransNamib’s manager of business development, Namvula Ankama, stresses the significance of sustainable pricing for business competitiveness and growth. “The involvement of key stakeholders in this project is crucial as it paves way for constructive transformation in TransNamib’s pricing strategies to meet economic-based decision-making,” says Ankama. To kick off this initiative, a workshop aimed at gathering stakeholders to collaborate and create insights and expertise to drive innovation is being held in Windhoek today. The post TransNamib to launch new pricing strategy appeared first on The Namibian.

Among the many topics to be discussed as part of this year's Offshore Technology Conference Asia (OTC Asia), will be how to accelerate the take-up of Carbon Capture Utilisation & Storage Technology (#CCUS) in Malaysia and elsewhere in Asia Pacific. 🌏 🤔 The Malaysian Gov. proposed tax incentives last year for CCUS as a key part of its low-carbon Nation aspiration by 2040. This was followed up with suggestion of putting official policy in place around incentivising the technology within a 15 month period from last November. ❓ All positive sounds, but with an average carbon capture and storage readiness score estimated at 35, what are the next steps to transforming Malaysia into a leading CCUS market for South East Asia? Where we can help...👇🏼 ➡ Feasibility studies ➡ Repurposing existing assets for CO2 storage ➡ Vessel design ➡ Reservoir modelling ➡ CO2 well design and costing ➡ Independent storage capacity evaluations Catch our consultants at the ABL Group stand B502, Hall 5, at OTC 2024 📍 Kuala Lumpur, Malaysia, to find out more 👉🏼 https://lnkd.in/gj3TzNeC #GlobalPartnerLocalExpert #EnergyTransition #ABLMalaysia

Malaysia Airports Holdings Berhad (MAHB) is at the center of privatization speculation, with potential plans for major shareholders Khazanah Nasional Bhd. and the Employees Provident Fund (EPF) to privatize the company before selling a 30% stake to Global Infrastructure Partners (GIP). Khazanah and EPF, holding significant stakes of 33.24% and 7.04% respectively, could influence the operational landscape of Malaysia's airports. The involvement of GIP introduces uncertainty regarding MAHB's future, as the private equity firm may also play a role in the company's management. https://lnkd.in/gpTWv4Pk #modalisnewsfeed #airportir #airports #mahb #malaysiaairports #malaysia #privatization #gip #khazanah #epf #infrastructure #momberger

CapitaLand Malaysia Trust’s (#CLMT) posted a solid financial performance for 1H 2024 with net property income up 34.7% year-on-year to RM129.4 million. CLMT’s results was driven by a stronger showing of its retail and logistics portfolio. Its proactive asset and lease management strategies have also resulted in higher occupancies and positive rental reversions across most of its retail properties. CLMT has started asset enhancement works at Gurney Plaza which is slated to complete in 2H 2024. Meanwhile, the ongoing conversion of Glenmarie Distribution Centre into an ambient temperature-controlled logistics facility is on track to complete in 4Q 2024. CLMT also continued to make strides in its #sustainability efforts with the procurement of 7.2 megawatts of renewable energy for The Mines. This follows the mall’s successful quota allocation under Malaysia’s Corporate Green Power Programme. More: https://bit.ly/CLMT1H2024 Choon Siang Tan #REIT #financialresults

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RVNL’s shares climbed 2% following their announcement of a new partnership with Dhaya Maju Infrastructure (Asia) Sdn Berhad to expand into the ASEAN market. This collaboration aims to enhance railway infrastructure and establish a manufacturing base in Malaysia. Despite recent challenges, including a 34% drop in Q1 net profit, this strategic move is set to boost RVNL’s growth prospects. Exciting times ahead as RVNL ventures into new markets! . . . . . . #RVNL #StockMarket #ASEANExpansion #RailwayInfrastructure #Growth #finogentsolutionllp #finogentadvisoryllp

The Westports Malaysia 2 Expansion Project Project Goal: Double the capacity of Westports from 14 million TEUs to 28 million TEUs. Government Support: The Ministry of Transport fully supports the project and a new concession agreement has been approved. Investment: Billions of ringgit will be invested by Westports to build new terminals (CT10-CT17). Benefits: Increased port handling capacity, improved competitiveness for Port Klang, creation of 6,000 new jobs, and enhanced standard of living in surrounding areas. Project Phases: The expansion will be completed in phases, with CT10-CT13 being developed first (between 2024 and 2038).