Thursday, November 6, 2008

Mergers will strengthen Malaysia as logistics hub

KUALA LUMPUR: The merger or formation of alliances among service providers will further strengthen Malaysia’s position as a logistics hub, Datuk Seri Najib Tun Razak said.

The Deputy Prime Minister said the moves would allow the build-up of integrated services that could take advantage of outsourcing activities by multinationals and local com­panies.

Najib said Malaysia was ready and willing to listen and accommodate all parties having interests in playing a role towards further nurturing the country’s aspirations of becoming a regional logistics hub.

“Towards this end, other measures will be taken (to enhance Malaysia’s position) including capacity en­­hancement to handle more transhipment cargo, provide bulk-breaking and introducing other value-added services to the logistics chain,” he said in his address at the Air Cargo Forum 2008 dinner here yesterday.

Najib said Malaysia had logistics service providers capable of engaging in supply chain management directly with their clients locally and globally.

On the forum, he said it was a timely opportunity for the aviation and logistics fraternity to examine problems faced by the industry.

He said the latest figures released by the International Air Transport As­­sociation were not encouraging.

“Air freight has declined for the last three months,” he said.

Source: Star Online

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