High Costs, Slow Clearance And Bumi Equity Rules
Alvin Chua, President, Federation of Malaysian Freight Forwarders
16-Jul-21 08:00
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Alvin Chua, President of the Federation of Malaysian Freight Forwarders discusses the challenges faced in light of skyrocketing global shipping costs and Covid-19 movement restrictions, and how Malaysia can improve its logistics performance including improving customs clearance and tackling corruption. On the World Bank’s Logistics Performance Index, Malaysia’s ranking has slipped since 2016, from 32 to 41 in 2018. In this region, Singapore is amongst the top 10 while in 2018, Thailand and Vietnam have outranked Malaysia.
Image credit: Shutterstock.com
Produced by: Sim Wie Boon
Presented by: Noelle Lim
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Categories: Business Analysis, Trends and Forecasts, Markets, Politics, Social Issues, Auto, SME, law & legal matters, Technology, Tech
Tags: Federation of Malaysian Freight Forwarders, freight, shipping, equity, covid-19, logistics, corruption,