Thursday, 27 May 2021 05:15 PM MYT
KUALA LUMPUR, May 27 Switzerland-based innovative technology company, Comet Group has been impressed with the ease and speed in implementing its Malaysian project in Penang.
The setting up of a new manufacturing site at the Batu Kawan Industrial Park was approved by the Malaysian Investment Development Authority (Mida) last year for the production of integrated radio frequency (RF) power modules for front-end semiconductor machinery.
Comet vice-president global operations Stephan Runge said despite the challenges of Covid-19, restricted economic activities and movement, the manufacturing site is expected to strengthen the group’s presence in Asia.
“I have been part of similar projects before, but I have never seen a team working so energetically and with such motivation to set up a new manufacturing site in record time,” Runge said.
Interview | Mike Wright of Network Rail on setting a new tone for project delivery
Amounts of time and cost required to move projects from concept to reality are often criticised in the UK construction industry, but Network Rail is tackling the issue head on with a fresh look at its project delivery framework.
From the start of this year the Governance for Rail Investment Projects (Grip) process, which has been in place for more than a decade, is being replaced with Project Acceleration in a Controlled Environment (Pace).
There is a lot more to the change than a new name and Network Rail programme director (capital investment) Mike Wright believes the impact will be seen in less than 12 months.
17 Mar 2021 / 09:31 H.
PETALING JAYA: The Malaysian Investment Development Authority (Mida) and UMW Corp Sdn Bhd have entered into a memorandum of understanding (MoU) to further drive high-value quality investments into the country, by capitalising on each other’s capabilities and strengths to explore potential key areas of collaboration to attract investments that would create value to the nation’s economy.
In a joint statement, the parties said the investments include mobility, aerospace, machinery and equipment, manufacturing and engineering, talent training, research and development as well as industrial land development.
“The MoU will be a stepping stone to accelerate innovative and high-value industry stakeholders, including the UMW Group, to seize opportunities arising from the technology revolution in the new norm,” it said.
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Prime Minister Tan Sri Muhyiddin Yassin said foreign investors, including Fortune 500 companies, have continued to show interest in investing in Malaysia due to various incentives offered by the government.