Business, markets and economy news from Malaysia.
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Malaysia's federal government has transferred regulatory authority of Bintulu Port to Sarawak state under the MA63 framework, marking a significant devolution of powers intended to strengthen state autonomy and economic development.
Prime Minister Anwar Ibrahim has expressed confidence in Sarawak's capability to operate Bintulu Port following its transfer from federal to state control, citing the state's experienced personnel and strategic importance to Malaysia's LNG sector.
The transfer of Bintulu Port's regulatory control to Sarawak represents a major milestone in Malaysia Agreement 1963 implementation, positioning the state as a regional green energy and industrial hub.