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KPMG to pay RM333mil to govt as 1MDB settlement

Port Klang records 9% drop in cargoes handled

PORT Klang, Malaysia’s largest container port, reported a 9.3% drop in cargoes handled in the first half this year yesterday after a restriction on movement caused major backlogs of cargoes and disrupted supply chains globally.Port Klang Authority (PKA) said its port handled 5.98 million twenty-foot equivalent unit (TEUs) containers in the six months to June, down 9.3% on the same period a year ago. Total imports fell 2.8% to 1.17 million TEUs, while exports declined 1.1% to 1.18 million over the period. Transhipment also recorded a fall of 13.5% to 3.52 million TEUs.It said the Covid-19 pandemic created a challenging environment. However, the gradual reopening of economies globally since May have helped to restore some of the port’s operations, and saw its performance improve in June.

Anwar: Support for Budget 2021 not unconditional

OPPOSITION leader Datuk Seri Anwar Ibrahim said the support for Budget 2021 is not unconditional as there are various issues surrounding the government’s financial plan.“I stress again that we were told to support (the budget) under the assumption that it is a Covid-19 budget, therefore in my opinion we will only support it if it is a Covid-19 budget.“We were urged and advised to support this bill as a Covid-19 budget and we will only support that one, and not anything other than it,” he said in the Dewan Rakyat yesterday.

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