Latest news with #RuslanAbdulGhani
Malay Mail
07-05-2025
- Business
- Malay Mail
Bintulu Port inks MoU with Abu Dhabi Ports Group to boost maritime infrastructure
KUCHING, May 7 — Bintulu Port Holdings Berhad (BPHB) has entered a strategic partnership with Abu Dhabi Ports Group after the signing of a Memorandum of Understanding (MoU). The signing ceremony was witnessed by Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Openg at Khalifa Port in Abu Dhabi today. In a Sarawak Public Communications Unit (Ukas) report, the collaboration is to establish long-term cooperation in the development and enhancement of port infrastructure, maritime logistics and port-related services at Bintulu Port. 'The agreement is expected to strengthen economic connectivity between Sarawak and the Middle East, particularly in the maritime sector. 'It also opens the door to further collaboration in areas of mutual interest, reinforcing Bintulu's role as a key maritime hub in the region,' it said. The MoU was formalised through an official exchange of documents between BPHB Group Chief Executive Officer Ruslan Abdul Ghani and Abu Dhabi Ports Group Regional Chief Executive Officer Ahmed Al Mutawa. Also present were Deputy Premier Datuk Amar Douglas Uggah Embas; Sarawak Transport Minister Datuk Seri Lee Kim Shin; State Secretary Datuk Amar Mohamad Abu Bakar Marzuki; State Attorney-General Datuk Seri Saferi Ali; State Financial Secretary Datuk Seri Wan Lizozman Wan Omar; Deputy State Secretary for Economic Planning and Development Datuk Seri Muhammad Abdullah Zaidel; and Kuching Port Authority chairman Azizul Annuar Adenan. — The Borneo Post
Borneo Post
21-04-2025
- Business
- Borneo Post
Tariffs to have minimal impact to Bintulu Port, says group CEO
Ruslan fields questions from reporters. KUCHING (April 21): The sweeping tariffs imposed by the United States are expected to have minimal impact on Bintulu Port Holdings Berhad (BPHB), says group chief executive officer Ruslan Abdul Ghani. He said while it is still too early to draw a firm conclusion, the group does not expect to be significantly affected. He explained this is because most of BPHB's exports do not go directly to the United States. 'We normally export to India, especially for our crude palm oil (CPO); to China, even to Africa. 'We don't deal directly with America, so hopefully that will have quite a minimum impact to us,' he told reporters after the group's 29th Annual General Meeting at Hilton Hotel here today. Ruslan however acknowledged that there could still be some indirect effects. 'It's a bit too early to say, because there's the direct impact, and there's also the indirect impact. So we are currently evaluating all of this,' he added. The group had earlier posted a record-breaking total revenue for its financial year ended December 31, 2024 at RM888.47 million, representing an 8.13 per cent growth driven by disciplined operational management and strong support from the state government. The group also achieved a total cargo throughput of 51.94 million tonnes, making BPHB the third largest port in Malaysia in terms of volume handled. The port's vessel traffic also reached a record 8,026 calls that positions BPHB as a critical maritime logistics hub in the region Despite the uncertainties ahead, Ruslan remains hopeful about the group's outlook in 2025. He said growth will be supported by new throughput, including volumes from green energy, as well as the continued strong performance of Sarawak PetChem and liquefied natural gas (LNG). On 5 April, a blanket 10 per cent tariff was imposed on almost all imports into the United States. Four days later, the US announced even higher 'reciprocal' tariffs on goods from around 60 countries based on trade deficits. Malaysia faces a 24 per cent reciprocal tariff. However, on the same day, Trump walked back parts of the policy by suspending the country-specific tariffs and while maintaining the 10 per cent blanket duty on almost all US imports. Bintulu Port Holdings Berhad lead ruslan abdul ghani tariffs
Borneo Post
21-04-2025
- Business
- Borneo Post
BPHB hits cargo, revenue milestones for FY24
Ruslan (fourth left) during the group's 29th Annual General Meeting in Kuching today. KUCHING (April 21): Bintulu Port Holdings Berhad (BPHB) has achieved a record-breaking operational milestone for its financial year ended Dec 31, 2024. The group has posted total revenue of RM888.47 million, representing an 8.13 per cent growth driven by disciplined operational management. Group chief executive officer Ruslan Abdul Ghani said BPHB also achieved total cargo throughput of 51.94 million tonnes, which set a new performance benchmark. 'We are basically the third largest port in Malaysia in terms of throughput. 'We did quite well, and all of this is because of the support from our board, employees, and stakeholders. 'We received strong backing from everyone, especially Bintulu Port Authority and the Ministry of Infrastructure, Port and Development Sarawak (MIPD),' he said to the media after the group's 29th Annual General Meeting at Hilton Hotel here today. Additionally, the port's vessel traffic also reached a record 8,026 calls that positions BPHB as a critical maritime logistics hub in the region. 'We also did quite well with regard to vessel performance, recording over 8,000 vessel calls last year,' added Ruslan. The group declared a dividend of RM69 million at 15 sen per share. For 2025, Ruslan expects revenue to match or exceed 2024 levels. 'With the introduction of new services and throughput, we expect a similar, if not higher revenue. 'We are hopeful that new volumes coming from green energy and the strong performance of Sarawak Petchem, along with continued support from LNG, will help us deliver another productive year,' he said. According to the group, BPHB remains committed to advancing key infrastructure and growth initiatives such as the Borneo Oil and Gas Supply Base (BOGSB) project. The project remains remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics, in line with its vision to support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. The group is also moving forward with initiatives to operationalise Free Zone areas at both Bintulu Port and Samalaju Industrial Port, aimed at unlocking new investment opportunities and enhancing trade facilitation. Upgrades to the Bintulu International Container Terminal (BICT) are underway to meet international standards in efficiency, agility, and sustainability. As part of its long-term sustainability strategy, BPHB is advancing the establishment of Carbon Capture and Storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port. 'CCS-enabled hubs will play a vital role in Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler of regional carbon management and sustainable energy logistics,' it said.
