{
  "id": 5958558,
  "title": "Malaysia has great potential to become regional marine fuel hub, boost revenue – expert",
  "url": "https://urgent.news/2026/09/06/malaysia-has-great-potential-to-become-regional-marine-fuel-hub-boost",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-06T09:57:00.000Z",
  "source": {
    "name": "The Vibes",
    "slug": "the-vibes",
    "url": "https://www.thevibes.com/articles/business/127021/malaysia-has-great-potential-to-become-regional-marine-fuel-hub-boost-revenue-expert"
  },
  "original_language": "en",
  "account": "A maritime expert has urged Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, to position the country as a regional marine-fuel hub to capitalize on the nation's petroleum and palm oil resources, established storage facilities, and ports. The expert, R. Jeyenderan, stated that Malaysia's strategic location along major international shipping routes presents a significant advantage, as numerous vessels traverse the country's waters. He emphasized that the Indonesian and Philippine experiences with petroleum and palm oil resources, respectively, could serve as valuable lessons for Malaysia in the marine-fuel industry.\n\nJeyenderan pointed out that disruptions to oil supplies had led to increased demand for fuel in Asia, presenting an opportunity for Malaysia to supply petroleum and marine fuel to nearby countries. He highlighted the potential for Malaysia to produce and supply Very Low Sulphur Fuel Oil (VLSFO), a cleaner-burning marine fuel, by leveraging the nation's resources and infrastructure. The expert contended that by processing fuel domestically, Malaysia could generate additional revenue, including blending, storing, and selling fuel to ships, rather than merely receiving and transporting cargo.\n\nAccording to Jeyenderan, Malaysia's direct tax collection reached RM203.991 billion in the previous year, while neighboring countries collected a higher RM310.38 billion in tax revenue. He argued that Malaysia could generate more revenue by effectively utilizing its resources. The expert also underscored the importance of implementing clear rules to ensure the proper recording and tracking of petroleum cargo upon entry into Malaysian storage facilities, particularly when mixed with different petroleum products. This, he emphasized, would protect government revenue and provide businesses with the necessary certainty.",
  "summary": "A MARITIME expert has urged Prime Minister Datuk Seri Anwar Ibrahim to position Malaysia as a regional marine-fuel hub to generate greater economic value from the country’s petroleum and palm oil resources. Datuk Seri R. Jeyenderan said Malaysia was ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Vibes",
        "title": "The Ah Long epidemic: How rigid banks and a missing safety net fuel Malaysia’s hidden poverty",
        "url": "https://urgent.news/2026/09/04/the-ah-long-epidemic-how-rigid-banks-and-a-missing-safety-net-fuel",
        "published": "2026-09-04T23:53:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}