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THE freight forwarding industry in Penang, which generates revenue totalling about RM2.5bil per month, is now facing challenges from globalisation and new government regulations that may drive those in- volved in the business to merge with one another.
CHEMICAL Industries Council Of Malaysia (CICM) is targeting at least 21 more companies in the country to sign up for the Responsible Care Programme (RCP) this year.
Malaysia has been identified as a promising offshore location for financial services in the developed world, which is expected to transfer about two million jobs to low-cost bases abroad over the next five years.