Independent journal on economy and transport policy
19:45 GMT+2
Shipowners still awaiting RM1b fund to buy vessels
(Business Times - Malaysia)
April 5, 2001
By Hanisah Mohd Gani
MALAYSIAN shipowners are waiting for the RM1 billion allocated by the Government in this year's budget for the National Shipping Fund to be disbursed, industry sources claimed.
The fund, allocated by the Government under the 2001 Budget, is for local shipowners to find an easy source of funds to acquire new ships.
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