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MRT CORP IS FIRST IN ASIA TO ACHIEVE BIM LEVEL 2 ACCREDITATION Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has become the “first infrastructure developer in Asia” to achieve Level 2 accreditation in the use of Building Information Modelling (BIM) for the MRT Sungai Buloh-Serdang-Putrajaya (SSP) line, in accordance with British standards. BIM is…

ALIBABA OPENS FIRST STORE IN MALAYSIA Alibaba Group’s unit, Lumahgo Sdn Bhd is collaborating with Tmall World (a spinoff of Chinese online shopping website, Taobao) and Lorenzo (a lifestyle furniture retailer) to set up its first retail store in Malaysia. Occupying 500 sq. ft. of retail space, the Lumahgo X Taobao Selection Store is located…

GAMUDA CLAIMS PREVIOUS GOVERNMENT DID NOT ACCEPT NEW DESIGN PROPOSAL The previous government’s decision not to consider an alternative design proposal for the 51km Sungai Buloh-Serdang-Putrajaya (SSP) Mass Rapid Transit (MRT) project has led to heightened costs. As the project development partner (PDP), Gamuda was obligated to complete the project as per the agreements made….

FOREIGN DIRECT INVESTMENTS HITS RM49 BILLION IN FIRST NINE MONTHS Malaysia’s foreign direct investments increased to RM49 billion in the first nine months of 2018 compared with the corresponding period in 2017 at RM14 billion. This was attributable to the fact that certain countries internationally, have renewed their confidence towards the standing of Malaysia and…

OCTOBER 2018 CPI UP 0.6% Y-O-Y According to the Department of Statistics Malaysia, the consumer price index (CPI) increased 0.6% in October 2018 to 120.7, compared with 120 in October 2017. The increase in the overall index was due to higher prices for housing, water, electricity, gas and other fuels (2.1%), food and non-alcoholic beverages…

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