Urgent.News

What's breaking now, across thousands of outlets.

Business

PKFZ chairman says Chinese-linked cargo presence alone isn’t evidence of trade fraud, after US report flagging Malaysia

KUALA LUMPUR, Aug 15 — The Port Klang Free Zone (PKFZ) today rejected any suggestion that the presence of Chinese-...

PKFZ chairman says Chinese-linked cargo presence alone isn’t evidence of trade fraud, after US report flagging Malaysia

The Port Klang Free Zone (PKFZ) chairman, Lim Lip Eng, has dismissed claims that the presence of Chinese-linked businesses or cargo at the facility is evidence of tariff evasion following a US report that flags Malaysia as an economy with elevated risks of illegal transshipment. Lim emphasized that PKFZ operates within a regulated customs and trade compliance framework, and does not facilitate or endorse false declarations, misrepresentation of origin, or circumvention of international trade measures.

He added that all investors seeking to establish operations at PKFZ are subject to screening, due diligence, and regulatory requirements under Malaysian law and free-zone regulations.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at malaymail.com →

More in Business

Iran war a boon for China’s e-trucks, fuelling export surge

BEIJING: China’s exports of electric trucks to other Asian countries have spiked, adding to a surge in domestic sales as higher fuel costs as a result of the Iran war accelerate regional electrification. China’s rapid adoption of e-trucks — from lighter vehicles to tractor-trailers — has partially shielded the world’s biggest auto market…

Dubai public parking: Is a subscription cheaper for commuters?

Dubai: For Dubai motorists who rely on public parking every day, paying for parking by the hour can quickly become a significant monthly expense. For those who drive to work five or six days a week and leave their car parked for several hours, a parking subscription from Parkin , could be a more affordable option in the long term.

More from Saturday 15 August →