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Being the principal investment promotion agency for the country for over 50 years, the Malaysian Investment Development Authority (MIDA) understands the importance of being agile and reactive in supporting the evolving needs of the business community and acting as a bridge between the Government and the private sector. Hence, we recognise that fast access to the right information is essential for any business regardless of size or industry, particularly in today’s digital age.
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The COVID-19 global pandemic has accelerated digital transformation and fast tracked adoption of cloud platform, artificial intelligence and automation. The pandemic indeed has been seen as an impetus for change and act as a push factor for companies to revisit business strategies and operations to improve flexibility, streamline processes and make real-time decisions to meet consistently movable and hard to predict market fluctuations.
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As countries globally face the urgency to revive their economies, the construction industry is facing the challenge to adapt new safety control measures and re-strategise project delivery structures. While traditional delivery models will continue to prevail, the new norms will challenge the expertise of consultants and project management contract (PMC) firms to manoeuvre towards a new paradigm brought upon by the COVID-19 pandemic.
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Green technology presents a solution in balancing the needs for economic development and responsibility towards the environment. As there is a growing global need in dealing with climate change; sustainable development and green technology need to go hand in hand in driving the economy, creating jobs and attracting investments.
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