Local News Archives

Economist Warns of Negative Impact of Fuel Price Volatility on Economic Growth

Economist Niaz Asadullah cautioned against the potential negative effects of fuel price volatility, including trader speculation and anticipated inflation, which could hinder economic growth.

According to FMT, he warned that powerful syndicates might exploit uncertainties, destabilising the market further, while the anticipation of future inflation could impact consumer spending and producer decision-making, affecting economic stability.

Niaz also highlighted the risk of delaying essential reforms if the government fails to adjust fuel prices promptly, potentially jeopardising pro-poor programs and undermining the goals of the Madani framework.

He emphasised the need for carefully sequenced subsidy cuts to allow both producers and consumers time to adapt, urging the government to improve policy communication to avoid confusion and panic among citizens and industry stakeholders.

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RapidKL to Add Over 300 New Buses

Transport Minister Loke Siew Fook announced plans to enhance connectivity by increasing the number of buses on the road.

RapidKL has initiated tenders for adding over 300 new buses, while Prasarana aims to procure approximately 400 vehicles this year. Loke highlighted the importance of expanding bus fleets as a more viable option compared to overhauling mid-life buses.

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Transport Ministry and HRD Corp Join Forces to Train Lorry Drivers

The transport ministry is collaborating with the human resources ministry through an initiative by the Human Resource Development Corporation (HRD Corp) to address the shortage of lorry drivers in Malaysia, according to FMT. Transport Minister Loke Siew Fook highlighted the challenges posed by this shortage to various industries nationwide.

Loke mentioned that industries are currently facing a shortage of thousands of drivers and emphasised the need to train better drivers.

The collaboration with HRD Corp aims to utilise its funding mechanism to provide training for lorry drivers. This initiative will be complemented by the MyLesen program, which will subsidise the training and licensing costs for lorry drivers.

While urging industry players to collaborate with the transport ministry to facilitate job opportunities for trained drivers, Loke emphasised that the ministry will not intervene in determining wage structures, as these are determined by market forces. He noted that experienced drivers can earn around RM3,000, emphasising the potential for skilled drivers in the industry.

ATM Redefines Commercial Vehicles with Foton eAumark Electric Truck Launch

Angka-Tan Motor Sdn Bhd (ATM), the sole distributor of Foton Light Commercial Vehicles (LCV), Foton Auman, and JMC vehicles in Malaysia, is making strides to revolutionise the domestic logistics landscape with the official launch of three new trucks at the Malaysia Commercial Vehicle Expo 2024.

Leading the lineup is the 2024 Foton eAumark, the first pure-electric light-duty truck officially available in Malaysia. This electric truck embodies all the key qualities that define the Foton Aumark, with the added benefit of pure electric propulsion for cleaner and more sustainable performance. The launch of the eAumark aligns with the commitment of ATM and its parent company, Warisan TC Holdings Bhd, to fulfil Environmental, Social, and Governance (ESG) goals in line with Malaysia’s shift towards green mobility.

The Foton eAumark boasts impressive specifications, including a permanent magnet synchronous electric motor producing 154hp and over 900Nm of torque. Equipped with an 81.14kWh iron-phosphate battery, it offers a WLTP-rated range of up to 200km. The electric powertrain is engineered to withstand extreme weather conditions and offers 10kW of power to an ePTO port for attaching external equipment.

In addition to the eAumark, ATM introduces the 2024 Foton Aumark S Euro 4, which complies with Euro 4 emission standards mandated by the Malaysian government. Available in four- and six-wheel configurations, it features updated powertrains to meet Euro 4 and B20 biodiesel compatibility for improved operational efficiency.

Completing the lineup is the 2024 Euro 4 JMC Vigus Pro White Series 4×2, the latest variant in the JMC Vigus Pro product range. Powered by a 2.0-litre Puma four-cylinder turbodiesel engine and paired with an eight-speed ZF automatic transmission, it offers modern amenities and high utility as an urban workhorse.

The Foton eAumark is priced at an introductory RM238,000 and comes with a comprehensive warranty, while the Foton Aumark S Euro 4 starts from RM98,400 and is backed by an industry-leading six-year/300,000km warranty. The JMC Vigus Pro White Series 4×2 is priced from RM89,999 and comes with a three-year/100,000km warranty.

All three models will be on display at Booth M14 at the Malaysia Commercial Vehicle Expo 2024 until May 11, 2024. Interested parties can visit a showroom or contact the respective hotlines for more information.

Malaysia to Become Volkswagen Export Hub for Electric and Conventional Vehicles

Volkswagen Group Malaysia (VGM) has unveiled plans to establish Malaysia as an export hub for the Volkswagen brand, according to Tengku Zafrul Aziz, the Minister of Investment, Trade, and Industry. Following discussions between the ministry and VGM officials, the carmaker has indicated its intention to manufacture both electric vehicles and conventional models within the country.

Previously, Volkswagen models were imported into Malaysia, but now certain models are being assembled locally. Notably, the Touareg model is being assembled in Malaysia for the first time outside of Europe. The locally assembled flagship SUV comes with the recommended retail price of RM469,990.

Tengku Zafrul Aziz expressed confidence that this collaboration would bolster Malaysia’s position in the regional automotive sector, signalling a significant step forward for the country’s automotive industry and positioning Malaysia as a key player in the manufacturing and export of Volkswagen vehicles.

Proton S70 Flagship X and smart #1 Brabus win Awards at VOTY 2024

Proton received two awards for its latest models at the Allianz DSF.my Vehicle Of The Year (VOTY) 2024 awards ceremony. The Proton S70 Flagship X, the company’s market-leading C-segment sedan, won the Sedan of The Year category, despite being on sale for less than six months. Additionally, the smart #1 Brabus, distributed by Proton subsidiary PRO-NET, won the Electric Crossover of The Year award.

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Johor to Test QR Code Immigration Clearance System

A project for testing a QR code immigration clearance system in Johor is scheduled to commence in June, as announced by Baharuddin Tahir, the state Immigration director. According to The Star, the pilot project will be conducted at both the Bangunan Sultan Iskandar (BSI) and Sultan Abu Bakar Complex (KSAB) Customs, Immigration and Quarantine (CIQs).

Initially, the plan is to launch the pilot project in June, although there is a possibility of it being delayed depending on the readiness of the infrastructure and system developed for the QR code clearance.

The QR code immigration clearance will initially be implemented for factory buses travelling through BSI and KSAB. If the pilot project proceeds smoothly, it will be expanded to include other modes of transportation. Johor will be the first state in Malaysia to implement such a QR code immigration clearance system.

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Tan Chong Motor Unveils NRC-NEXT Concept at Cyberjaya Showroom

Edaran Tan Chong Motor Sdn. Bhd. (ETCM) has unveiled the NRC (Nissan Retail Concept) -NEXT concept for its latest Nissan showroom in Cyberjaya, Selangor. This showroom transformation initiative follows similar upgrades to three other showrooms, including the 3S Flagship Store in Petaling Jaya, over the past two years. The introduction of this new showroom concept underscores the company’s dedication to providing exceptional customer experiences and enhancing satisfaction as customers engage with the Nissan brand.

The NRC-NEXT concept aims to revolutionise Nissan dealerships and uphold world-class service standards for Nissan customers worldwide. It focuses on showcasing Nissan’s brand values throughout the entire customer journey at the dealership touchpoint, whether it involves test driving the latest models or scheduling regular service appointments. Every aspect of a NRC- or NRC-NEXT-compliant retail facility is reimagined and refined to deliver excitement and satisfaction to customers.

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PRO-NET Expands Charging Network Due to the Increasing Demand for NEVs

PRO-NET has announced the expansion of its charging infrastructure network in response to the increasing demand for New Energy Vehicles (NEVs) in Malaysia. With a commitment to accelerating adoption and facilitating convenient travel for EV owners, our organisation is dedicated to providing seamless access to fast and efficient charging solutions across the country.

Since the introduction of the Proton DC Charger at its headquarters last October, PRO-NET has been proactively expanding the charging infrastructure at its Proton Edar Dealerships. In collaboration with partner Gentari, we have successfully deployed six (6) DC Chargers, totalling twelve (12) charging bays, each equipped with two nozzles. This rollout includes a variety of charger types, including 50 kW, 60 kW, 100 kW, and 120 kW DC chargers.

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Mercedes-Benz C 350e PHEV Officially Priced at RM338,888 – 313hp, 117km Electric Range

Mercedes-Benz Malaysia has unveiled the latest variant of the popular C-Class: the Mercedes-Benz C 350e Plug-in Hybrid. Assembled at the production plant in Pekan, this model seamlessly combines electric power with traditional fuel for enhanced efficiency.

Under the hood, the C 350e Plug-in Hybrid features a 2.0-litre engine delivering 204hp at 6,100 rpm, coupled with a torque of 320Nm from 2,000 to 4,000 rpm. In addition, an electric motor with a rated output of 127hp and a torque of 440Nm supplements the combustion engine, resulting in a maximum rated power system output of 313hp and a peak torque of 550Nm. With an electric range of up to 117km (WLTP), the C 350 e prioritises sustainable mobility.

The car’s high-voltage (HV) battery, with an energy content of 25.4 kWh, supports various journeys and features an internal cooling system for optimal performance. Accelerating from 0 to 100 km/h in just 6.1 seconds and reaching a top speed of 245km/h, the C 350e offers agility and versatility.

Externally, the C-Class boasts AMG Line styling with a distinctive Mercedes-Benz pattern grille and 18-inch AMG 5-spoke light-alloy wheels. The Night Package adds sporty design elements in high-gloss black, enhancing the overall aesthetic appeal.

Inside, the AMG Line interior features metal structure trim elements, a multifunction sports steering wheel in nappa leather, and Artico man-made leather upholstery. The cabin is equipped with a high-resolution 12.3-inch LCD screen, an 11.9-inch touchscreen central display, and the latest generation of MBUX multimedia system for a digital and intelligent driving experience.

Safety features include a 360° camera, Blind Spot Assist, Active Brake Assist, and Guard 360° Vehicle protection. The driving experience is enhanced with an energy recovery function, route-based operating strategy, and selectable driving modes.

Mercedes-Benz Financial offers the Agility+ Plan tailored to the C 350e, providing benefits such as lower monthly instalments, flexible end-of-agreement options, and a guaranteed future value. Additionally, customers enjoy an additional 6 times service packages and up to RM3,800 Star Protect (Motor Insurance) support.

The Mercedes-Benz C 350e is priced at RM338,888 (including 10% ST) for Peninsular Malaysia, inclusive of a 6-year / 100,000 km high-voltage battery warranty.