TAPiO Newsletter – February 2020 Issue

DIPLOMATIC SPHERE

BUSINESS

His Excellency Olexander Nechytaylo visits MITEC

The Ambassador of Ukraine to Malaysia, His Excellency Olexander Nechytaylo made a visit to Malaysian International Trade and Exhibition Centre (MITEC). This visit was arranged by the Chairman of TAPiO Management Advisory Mr. Bernhard Schutte. The CEO of MITEC, Mr. Günther Beissel introduced MITEC the largest trade exhibition centre in Malaysia. The visit was to familiarise His Excellency to the third-largest MICE venue in Southeast Asia and also Malaysia’s first ISO 22000:2018 certified venue. Meanwhile, MITEC had discussed some potential collaborations with His Excellency for future plans.

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Signing Ceremony between KXP and ADPI

KXP AirportCity Holdings Sdn. Bhd. and Aéroports de Paris Ingénierie (ADPI) has signed for a memorandum to officially appoint ADPI as the masterplan consultant. ADPI will provide a masterplan for the Kulim International Airport (KXP) Aerotropolis. This Signing Ceremony between the CEO of KXP AirportCity Holdings, Dato’ Dr. Ir. Annuar Mohd Saffar and Deputy CEO of Aéroports de Paris Ingénierie (ADPI), Mr. Olivier Guichard was witnessed by the Chief Minister of Kedah, YB Dato’ Seri Utama Hj. Mukhriz Tun Mahathir which was held in Wisma Darul Aman, Alor Setar. Mr. Olivier Guichard expressed that its very proud for them to contribute in this mega economic development project.

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MOBILITY

Malaysia’s Automotive Industry Embraces Sustainable Development

Malaysian national car Proton initially was announced as a catalyst to diversify the economy from commodity-based to industrialisation. As the fossil fuels are limited factors, the awareness of renewable and sustainable energy consumption are raising among the region around Malaysia. National Automotive Policy 2014 (NAP 2014) required the production of electric vehicles (EV) but due to low demand, the focus shifted to technology of energy efficient vehicle (EEV). Given incentives for car maker investors, the growth of EEV has increased to 62% of total industry volume in 2018. However, the EV couldn’t dominate the automotive market due to low cost of fossil fuels. Malaysia Automotive, Robotics and IoT Institute (MARii) collaborated with many parties to initiate awareness among the public regarding the EV. The public charging facilities have been improved to more than 195 locations as of 2019. NAP is expected to be revised and focus on the Next Generation Vehicle (NxGV), Mobility as a Service (MaaS), Industry 4.0 Technologies and enhancing EEVs.

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Penang Transport Master Plan: Construction work on LRT, PIL, PSR to begin by 4Q 2020

Penang state government together with the project delivery partner, SRS Consortium are expected to sign an agreement on the Penang Transport Master Plan (PTMP). PTMP is a project of LRT, Pan Island Link (PIL) and Penang South Reclamation (PSR) and expected to begin by the 4th quarter 2020. Chief Minister Chow Kon Yeow mentioned that the project would be one after another or all at same time depending on the financial structure. It will be 29.9km of LRT which covers stations from Komtar to Penang International Airport. This project is estimated to cost RM46 billion and includes an undersea tunnel, highways, LRT, monorail and a bus network.

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PETROCHEMICAL

Petronas signs long-term time charter with Japan shipbuilder K Line

Petronas LNG Ltd and Kawasaki Kisen Kaisha Ltd (K Line) has signed for 12-year time charter party (TCP) for liquefied natural gas vessels which will be built in Shanghai. The agreement was witnessed by President and Group CEO of Petronas, Tan Sri Wan Zulkiflee Wan Ariffin at Petronas twin Towers. TCP project is in line with shipbuilding between K Line and Hudong – Zhonghua Shipbuilding Co Ltd. This project accommodates Petronas serving its new LNG supply agreement with Shenergy Group Company Ltd. The vessels are named after Wuhaogou-Max (W-Max) and specified to deliver LNG cargoes to Shenergy’s LNG terminal.

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