Masa: Cabotage exemption removal doesn't block business for tech giants

The decision to revoke the cabotage exemption for foreign-flagged ships repairing undersea cables does not prevent the employment of foreign vessels.

It mainly means helping and enabling Malaysian companies to bring the cable ships and technology back home to assist and boost the local industry, as well as to stop the unnecessary outflow of foreign exchange, explained Malaysia Shipowners Association (Masa) chairperson Abdul Hak Md Amin...