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PETALING JAYA: The Government is still looking for a suitable location to expand Port Klang’s capacity, and both the existing port operators would be given the first right of refusal to develop such a terminal, said a government official familiar with the matter.
PORT KLANG: The Port Klang Authority (PKA) is confident of breaking into the Top 10 list of the world’s busiest ports in two years’ time, driven by the expansion of both its terminal operators and, surprisingly, the support of the controversial Port Klang Free Zone (PKFZ) that has taken off quite well.
LONDON: Mining giant Glencore has bought 200,000 tons of aluminum on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said.
PETALING JAYA: Port Klang is expected to move up one spot to the 11th placing in the World Container League for 2016, boosted by its strong performance in terms of container throughput and transshipment growth.
GE Plastics Malaysia will invest US$1mil (RM3.8mil) this year to upgrade its multi-walled polycarbonate sheet manufacturing facility in Klang.
LONDON: Queues to take aluminium out of London Metal Exchange-approved warehouses owned by ISTIM UK in Port Klang, Malaysia, jumped to 118 days at the end of January from zero in December, data from the exchange showed on Monday
PETALING JAYA: The vast incoming supply of office space in the Klang Valley, amid the tight leasing market, is expected to increase pressure on occupancy and rental levels.
PETALING JAYA: An estimated 6.58 million sq ft of net lettable space from more than 10 malls is expected to enter the Klang Valley retail market in the second half this year, raising concerns of added pressure on occupancy levels for both existing and incoming stock.