logo
Labuan-KK ferry resumes operations, first trip at full capacity

Labuan-KK ferry resumes operations, first trip at full capacity

Borneo Post2 days ago

Passengers boarding the ferry express to Kota Kinabalu from Labuan International Ferry Terminal jetty on Wednesday. The resumption of the Labuan-Kota Kinabalu-Labuan express ferry service has sparked renewed excitement among travellers, marking the return of a vital transportation link between Labuan and the Sabah mainland.-Bernama photo
LABUAN (May 28): The Labuan-Kota Kinabalu-Labuan express ferry service officially resumed operations Wednesday, restoring a crucial transport link between Labuan and the Sabah mainland after a suspension of more than three years due to the Covid-19 pandemic.
The Labuan-based Kinabalu Express, at full capacity, departed the Labuan International Ferry Terminal (LIFT), which is managed by LDA Holdings, at 10 am, with the return trip from Kota Kinabalu scheduled for May 29 at 8 am. The vessel, operated by Double Power, can accommodate 212 passengers, offering 146 economy and 66 business class seats.
Daily trips will continue from May 28 to June 3 to coincide with the Harvest Festival and school holidays.
From June 4 onwards, the ferry will operate every Friday, Saturday, and Sunday, with possible adjustments based on demand.
A promotional fare campaign is being introduced from today until Aug 3 in conjunction with the Borneo Flora Festival (BFF), aimed at encouraging ridership. During this period, Malaysian adults can purchase economy tickets at RM35 and children at RM22.50, while first-class fares are RM45 and RM27.50, respectively.
Foreign passengers will be charged RM80 (adults) and RM45 (children) for economy, and RM90 and RM50 for first class. Standard fares will apply starting June 4, with slight increases across categories.
Tickets are available online at labuanpay.my and can also be purchased at the Labuan International Ferry Terminal and Jesselton Point ticketing counters in Kota Kinabalu.
Prior to the pandemic, the route served up to 120,000 passengers annually. LIFT chief executive officer Noor Halim Zaini, when met here Wednesday, expressed hope that the ferry's return will spur regional tourism and help revitalise Labuan's local economy. – Bernama

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ECRL Project On Track To Reach 90 Pct Completion By December
ECRL Project On Track To Reach 90 Pct Completion By December

Barnama

timean hour ago

  • Barnama

ECRL Project On Track To Reach 90 Pct Completion By December

KUANTAN, May 30 (Bernama) -- The East Coast Rail Link (ECRL) project is progressing on schedule and is expected to be 90 per cent completed by December this year. Malaysia Rail Link Sdn Bhd chief executive officer Datuk Seri Darwis Abdul Razak said that as of April, overall construction stood at 82.45 per cent, with segmental breakdowns showing 84.96 per cent in Pahang, 91 per cent in Terengganu, 86 per cent in Kelantan and 67 per cent in Selangor. 'These figures reflect strong progress toward full project completion by December 2026, with operations slated to begin in 2027 from Kota Bharu to Gombak,' he told reporters at the ECRL Communication, Information and Signalling (CIS) System First Article Assessment event here today. Also present was China Communications Construction (ECRL) Sdn Bhd managing director, Deng Bo. Darwis added that the CIS system at 15 stations along the first stretch from Kota Bharu to Gombak is targeted for completion by year-end or by the first quarter of 2026 at the latest, while the Gombak to Port Klang segment is scheduled for completion by December 2027. 'We have been able to complete the CIS system at a single station within 40 days. The ongoing work at the 15 stations is to ensure we are ready for testing and commissioning by June 2026,' he said, adding that two Electric Multiple Unit (EMU) trains are expected to arrive in Malaysia by the end of this year. When asked about ticket pricing, he said it would be determined by the Ministry of Transport in consultation with the Land Public Transport Agency and other relevant authorities. 'As a guiding principle, the Transport Minister (Anthony Loke) has emphasised that fares must be affordable for the public,' he added. Meanwhile, he reported that excavation work on the 16.39-kilometre Genting Twin Tunnel is nearing completion, with only 200 metres remaining.

Reach Ten logs RM7.1mil net profit on RM23.1mil revenue in Q1
Reach Ten logs RM7.1mil net profit on RM23.1mil revenue in Q1

New Straits Times

timean hour ago

  • New Straits Times

Reach Ten logs RM7.1mil net profit on RM23.1mil revenue in Q1

KUALA LUMPUR: Sarawak-based telecommunications service provider Reach Ten Holdings Bhd (Reach Ten) posted a net profit of RM7.1 million on revenue of RM23.1 million for the first quarter (Q1) ended March 31, 2025. Revenue for the quarter was mainly driven by Reach Ten's satellite-based communication networks and services segment, which contributed 63.2 per cent of total revenue. "Fibre optic communication networks and services accounted for 21.4 per cent, while telecommunications infrastructure and managed services contributed 15.4 per cent," it said in a statement. There are no comparative figures for the corresponding preceding quarter's results as this is the second interim financial report by the company in compliance with the listing requirements. Reach Ten declared a first interim single-tier dividend of 1.0 sen per share for its financial year ending December 31, 2025 (FY25). The payout, totalling RM10.0 million, will be paid on July 21 to shareholders whose names appear on the record of depositors on June 30. Managing director Leo Chin said the maiden post-listing dividend is in line with the company's dividend policy to distribute up to 30 per cent of its net profit, reflecting its commitment to enhancing shareholder value and delivering sustainable returns. "With healthy cash and bank balances, as well as fixed deposits of RM63.0 million, Reach Ten aims to maintain a balanced approach between rewarding shareholders through dividend distributions and retaining sufficient capital to support future growth and strategic initiatives," Lee said. Reach Ten remains optimistic about its business outlook, supported by positive structural trends in Malaysia's telecommunications sector. "Our strategic focus on underserved markets, particularly in Sarawak, positions us well to capture emerging opportunities and deliver long-term value to our shareholders," Chin added.

CIMB Records RM1.97 Bln Net Profit In 1Q FY2025
CIMB Records RM1.97 Bln Net Profit In 1Q FY2025

Barnama

timean hour ago

  • Barnama

CIMB Records RM1.97 Bln Net Profit In 1Q FY2025

BUSINESS KUALA LUMPUR, May 30 (Bernama) -- CIMB Group Holdings Bhd's net profit rose 9.6 per cent to RM1.97 billion in the first quarter of financial year ending Dec 31, 2025 (1Q FY2025) from RM1.94 billion in the same period a year ago. Revenue for the quarter decreased to RM5.50 billion from RM5.63 billion a year ago, a Bursa Malaysia filing said today. In a separate statement, the banking group said net interest income rose marginally year-on-year (y-o-y) to RM3.82 billion. 'On a y-o-y basis, non-interest income (NOII) contracted 8.5 per cent to RM1.68 billion, affected by lower sales of non-performing loans and proprietary trading,' the bank said in the statement. 'Prudent asset-liability management also helped maintain a stable net interest margin (NIM) of 2.16 per cent in the quarter under review – unchanged from 4Q 2024, despite rate cuts in Thailand, Indonesia and Singapore,' the statement said. Group chief executive officer Novan Amirudin said its 1Q performance underscores the continued strength of CIMB's diversified ASEAN portfolio, with strong contributions across multiple income segments, particularly from its client franchise income, which has shown consistent growth since 2022. 'The emergence of a 'new world order' is shaping a more multipolar global landscape, with ASEAN poised to play a pivotal role as a regional connector in trade and capital flows,' he said. Novan added that with the execution of the group's Forward30 strategic plan, CIMB is confident in its ability to deliver both short- and long-term targets, underpinned by the strength of its franchise. 'We will remain disciplined and proactive with capital optimisation, including returning excess capital to our shareholders as we have demonstrated over the last two years.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store