Petronas Creates Predictive Maintenance Solution for Industrial Facilities
Malaysian state-owned oil and gas company, Petroliam Nasional Bhd (Petronas) announced the development of a digital solution called the Advance Diagnostic and Prognostic Technology (ADaPT) that predicts mechanical damage at various facilities and helps prevent...
Indonesia and Hungary to Establish USD 500 Million Investment Fund
Indonesia and Hungary are going to establish a USD 500 million joint investment fund to finance Indonesian Infrastructure investments in transport and water management. Both countries are expected to put in equal contribution, with Hungary managing the fund. Hungarian...
Malaysia’s Yong Tai to Build An International Cruise Terminal in Melaka State
Yong Tai Bhd, one of Malaysia’s largest tourism-related property developers has received approval from the Melaka state government to develop an international cruise terminal by 2022. The MYR 8 billion (USD 1.9 billion) deep-sea port is to be built facing Straits of...