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New Straits Times
4 days ago
- New Straits Times
Pahang Customs foils RM4.4mil e-waste, aluminium scrap smuggling attempts
BENTONG: The Pahang Customs Department has thwarted attempts to smuggle seven containers filled with electronic waste (e-waste) and aluminium scrap worth approximately RM4.4 million in two separate raids at Port Klang, Selangor. The operations, carried out simultaneously on May 21, were part of a joint effort involving the Bentong Customs enforcement division and the Selangor Department of Environment (DoE). State Customs director Mohd Asri Seman said the first raid at 1.15pm uncovered three containers at North Port containing 46,726kg of e-waste, valued at about RM700,890. "The importer had falsely declared the e-waste as 'copper concentrate' to evade the requirement for an import permit. Further investigations revealed the materials were brought in without the necessary permits or proper customs declarations," he said at a press conference here today. The second raid led to the discovery of four containers holding 105,760kg of aluminium scrap, worth an estimated RM3.7 million. These too were falsely declared as other goods in an attempt to smuggle them into the country. Asri said authorities became suspicious after reviewing documents submitted by the importer, which claimed the materials originated from South America and Japan. He said the importation of e-waste is conditionally prohibited and requires an approval letter from the DoE director-general. Both cases are being investigated under Section 135(1)(a) of the Customs Act 1967. Upon conviction, offenders may be fined up to RM500,000, face imprisonment of up to five years, or both.
The Sun
4 days ago
- The Sun
Customs seizes RM4.4 million in smuggled e-waste and metal scrap
BENTONG: The Pahang Customs Department successfully intercepted two smuggling attempts involving electronic waste and aluminium scrap, confiscating seven containers with an estimated value of RM4.4 million at North Port, Port Klang. Director Mohd Asri Seman stated that the operations, conducted simultaneously on May 21, were a joint effort between the Bentong Customs Enforcement Division and the Selangor Department of Environment. 'In the first raid at 1.15pm, three 40-foot containers were found to contain 46,726kg of e-waste valued at RM700,890, believed to have been imported without a permit or proper customs declaration,' he said during a press conference. The second operation uncovered four containers carrying 105,760kg of aluminium flakes, falsely declared as other goods, with an estimated worth of RM3.7 million. Mohd Asri explained that such imports require approval from the Standard and Industrial Research Institute of Malaysia (SIRIM) and are regulated by the Ministry of Investment, Trade and Industry (MITI). Investigations revealed that the smugglers misdeclared the items as copper concentrate to evade import permit requirements. Both cases are being probed under Section 135(1)(a) of the Customs Act 1967.
Malaysian Reserve
30-05-2025
- Business
- Malaysian Reserve
AirAsia X, Capital A extend aviation restructuring deadline to July 31
AirAsia X Bhd and Capital A Bhd have extended the deadline for their aviation business restructuring deal by two months – from May 31 to July 31, 2025 – to allow time for finalising the terms of AirAsia X's RM1 billion private placement and securing regulatory and lender approvals. In filings to Bursa Malaysia, the companies noted that due diligence for AirAsia Aviation Group and AirAsia Bhd has been completed. The proposed restructuring involves AirAsia X acquiring AirAsia Aviation Group for RM3 billion and AirAsia Bhd for RM3.8 billion, alongside a RM1 billion fundraising exercise led by a sovereign wealth fund. AirAsia X's shares closed 2.33% lower at RM1.68 today, with a market capitalisation of RM751.1 million. Capital A slipped 2.3% to 85 sen, valuing the group at RM3.7 billion. — TMR
The Star
13-05-2025
- Business
- The Star
Malaysia's wholesale, retail trade records RM154bil sales in March 2025
KUALA LUMPUR: Malaysia's wholesale and retail trade sector recorded total sales of RM154 billion in March 2025, marking a year-on-year (y-o-y) growth of 5.7 per cent, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said the growth was driven by the retail trade and wholesale trade sub-sectors. "Retail trade recorded total sales of RM67 billion, an increase of RM4.2 billion or 6.6 per cent y-o-y. Wholesale trade registered total sales of RM67.8 billion in sales, up RM3.7 billion or 5.7 per cent y-o-y. "During the same period, the motor vehicles sub-sector posted sales of RM19.2 billion, reflecting a 2.3 per cent increase from a year ago," he said in a statement today. Mohd Uzir also emphasised that the growth in the retail trade sub-sector was supported by strong performance across various categories, spurred by festive season preparations and increased spending during Ramadan. He noted that the disbursement of Special Aidilfitri Assistance, along with RM1.7 billion under the Sumbangan Tunai Rahmah (STR), significantly boosted consumer activity. "This led to higher consumer traffic in supermarkets, shopping malls, and other retail outlets," he added. In March 2025, Mohd Uzir said the wholesale trade remained resilient, underpinned by strong domestic demand for household goods and food items, in conjunction with the festive season. Sales in the wholesale of household goods rose 7.6 per cent to RM14.5 billion, supported by higher demand in categories such as pharmaceutical and medical goods, perfumeries, cosmetics, toiletries, and jewellery. "The wholesale of food, beverages and tobacco also saw a 7.7 per cent increase, reaching RM14 billion," he said. Meanwhile, the motor vehicles sub-sector recorded growth compared to March last year, led by a 4.1 per cent rise in sales of motor vehicle parts and accessories to RM5.2 billion, followed by a 1.5 per cent increase in motor vehicle sales to RM10.1 billion. DOSM also reported that online retail sales rose by 7.1 per cent y-o-y in March, driven by festive promotions. "In terms of volume index, the wholesale and retail trade increased by five per cent y-o-y. This growth was mainly driven by the wholesale trade sub-sector, which rose by 6.3 per cent, followed by retail trade with a 4.9 per cent increase," it added. - Bernama
Daily Express
08-05-2025
- Business
- Daily Express
Chambers sign pact to boost trade ties
Published on: Thursday, May 08, 2025 Published on: Thu, May 08, 2025 By: Bernama Text Size: Sok (right) exchanges an MoU with his Malaysian counterpart Ng. PHNOM PENH: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and Cambodia Chamber of Commerce (CCC) have launched a joint initiative to enhance economic cooperation and increase bilateral trade. The two chambers signed a memorandum of understanding (MoU) on Tuesday to formalise their collaboration, according to a statement from CCC. ACCCIM President Datuk Ng Yih Pyng said the delegation aimed to partner with its Cambodian counterpart to explore new economic opportunities in the Kingdom. 'The main objective of the visit is to explore potential cooperation and promote sustainable events in Asean,' said Ng. The MoU sets out a framework for promoting economic ties and encouraging trade and investment between both countries. Bilateral trade between Malaysia and Cambodia reached about RM3.7 billion (US$865 million) in 2024. Malaysia's key exports to Cambodia include petroleum products, chemicals, textiles, apparel, footwear, metals, and non-metallic mineral products. Cambodian officials pointed to the country's young and energetic workforce, a productive investment climate, and supportive government policies as key advantages. 'There is a close economic relationship between Cambodia and Malaysia, strong trade demand, and Malaysian investment in key sectors,' said CCC Vice President Sok Piseth, according to the statement. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
