Bright prospects for local ports


  • Business Premium
  • Friday, 12 Dec 2003

Today's CEO Outlook series features the country's four major port operators. They are Tan Sri G. Gnanalingam of Westport Malaysia, Basheer Hassan Abdul Kader of Northport (M) Bhd, Datuk Mohd Sidik Shaik Osman of Pelabuhan Tanjong Pelepas, and Datuk Ahmad Ibnihajar of Penang Port Sdn Bhd. 

Ports play an important role in the economic life of a country; more so for Malaysia which is such a big global trader. Malaysia's total trade is bigger than that of the Indian sub-continent countries combined. 

Malaysia's ports have grown rapidly over the past two decades and the outlook, according to our four port CEOs, is bright. According to Gnanalingam, growth in the logistics industry is normally 2.5 times that of GDP; so if the economy grows by 6% next year, ports can expect growth of between 12% and 15. 

Ports play an important role in the economic life of a country; more so for Malaysia which is such a big global trader. Malaysia's total trade is bigger than that of the Indian sub-continent countries combined. 

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