Malaysia’s answer to Singapore consolidating its ports to enhance efficiency and reduce cost will come from an ongoing national port study.
According to officials from the regulators of ports, the Government has called for the study to be expediated in light of the developments in Singapore that recently launched the construction of the first phase of a mega port in Tuas that will eventually have a capacity to handle 65 million twenty-foot equivalent units (TEUs).
“The economic council is looking into this matter on how to help the local port operators compete effectively against Singapore’s move. One option is to allow the domestic ports to increase their capacity so that they can achieve economies of scale,” said an official.
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According to officials from the regulators of ports, the Government has called for the study to be expediated in light of the developments in Singapore that recently launched the construction of the first phase of a mega port in Tuas that will eventually have a capacity to handle 65 million twenty-foot equivalent units (TEUs).
“The economic council is looking into this matter on how to help the local port operators compete effectively against Singapore’s move. One option is to allow the domestic ports to increase their capacity so that they can achieve economies of scale,” said an official.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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