THE unemployment rate in Sabah for the third quarter of 2023 was 7.5pc, or 166,300 persons, based on data from the Department of Statistics Malaysia (DOSM),
He said DOSM’s statistics indicated that 28,300 graduates were unemployed. Currently, no data available on unemployment rate for SPM holders.
PETALING JAYA: Cabotage in the shipping industry is quite prevalent, with 91% of UN member states that collectively account for 80% of the world’s coastlines having some form of restriction against foreign-flagged vessels.
“For example, China practises a strong regime of cabotage, which means they do not allow Malaysian ships to trade in the Chinese coast.
“Indonesia, which for many years never had a cabotage policy, decided to impose the policy in 2014, which resulted in a staggering 140% increase in merchant fleets and tonnage between 2014 and 2019, ” said Tan Sri Halim Mohammad, chairman of the Malaysian External Trade and Development Corporation (Matrade).
Speaking at a webinar on the subject of shipping cabotage, organised by Tuaran MP Datuk Seri Wilfred Madius Tangau on Monday, Halim said Malaysia had a lot of catching up to do when it comes to grabbing a slice of the commercial shipping pie, despite being located next to the Malacca Strait.