Penang Port And BKH ICD Collaborate To Boost Cross-border Trade In Northern Malaysia

GEORGE TOWN, May 21 (Bernama) -- Bukit Kayu Hitam ICD Sdn Bhd (BKH ICD) and Penang Port Sdn Bhd have signed a Memorandum of Understanding (MoU) to form a strategic partnership aimed at enhancing the efficiency and connectivity of Northern Malaysia's trade ecosystem.

In a statement today, Penang Port said the MoU signed on May 14, signals a firm commitment by two key players in the region's logistics network to drive progress and unlock new opportunities.

"The MoU outlines the commitment between BKH ICD, a respected facilitator of cross-border trade at the Malaysian-Thailand border, and Penang Port, the gateway port in the northern region, to collaborate effectively.

"Their goal is to leverage their respective strengths and expertise, honed through years of successful operations, to improve the flow of goods, streamline processes and ultimately deliver greater value to businesses operating in and passing through Northern Malaysia," the statement said.

Penang Port said BKH ICD has built a reputation as key enabler of international trade, offering customs-controlled storage, efficient container handling, and comprehensive warehousing solutions at the Bukit Kayu Hitam gateway.

According to the statement, the two parties aim to create a more integrated and responsive logistics value chain by fostering closer collaboration.

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"The anticipated benefits include shorter transit times, improved operational efficiency, and the development of innovative solutions to meet the evolving needs of the trade community," it said.

Penang Port said the MoU also lays the groundwork for future collaboration and mutual development, reflecting a commitment to open dialogue and the exchange of best practices, while both parties retain their independence and ability to pursue separate partnerships.

“It further underscores a shared vision for a more streamlined and interconnected logistics framework in Northern Malaysia, ultimately contributing to regional economic growth,” it added.

-- BERNAMA