Cable-laying ships exempted from cabotage policy from June 1, says Transport Minister

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Transport Ministsry News

Exemption,Cabotage,Cable

HONG KONG: Asian markets fell Thursday (May 30), with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts.

KUALA LUMPUR: Starting June 1, all cable-laying ships engaged in the installation, maintenance and repair of submarine telecommunication cables landed at any submarine cable landing centre in Malaysian waters are exempt from the cabotage policy.

It said that Transport Minister Anthony Loke signed a gazette on Wednesday aimed at boosting investments in Internet technology infrastructure in Malaysia.

 

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