Malaysian Investment Development Authority (MIDA) has already RM 1.8 billion worth of investments in Oil and Gas (O&G) related projects in the pipeline for just the first three months of 2018. 

Its chief executive officer, Datuk Azman Mahmud, said this shows that Malaysia continues to be a strategic location for the O&G industry players. 

McDermott plans to bid for USD 5 billion worth of contracts in the next six months, covering bids in Malaysia, India, Australia, Vietnam and Indonesia as it sees a very strong potential in business expansion in Malaysia and the region.

The bid pipeline has increased compared to last year as it was USD 4 billion six months ago, showing that this is a positive sign that the oil and gas industry is on track for recovery.

Commerce.Asia Ventures, Malaysian commerce technology venture builder, launched its flagship offering Commerce.Asia Enterprise, that is developed with the specific purpose of enabling Small and Medium Enterprises (SMEs), to quickly move their business online.

“It is essential that businesses embark on an Omni channel strategy that combines physical and online presence as they are losing out on a vast market of online buyers by not having an online presence.