BMW Group Malaysia introduced the first-ever BMW X2, the newest member to the premium automaker’s portfolio of Sports Activity Coupes. Created to transform the Compact Premium segment, the all-new model from BMW features unmistakable sporty, dynamic and urban design cues which leaves a confident impression both in its class and within the BMW X model family.

Managing Director and CEO of BMW Group Malaysia, Harald Hoelzl, said, “The BMW X models have long made its mark in Malaysia. Last year alone, we delivered over 4,200 BMW X Series vehicles, equating to 39.6% of BMW’s deliveries of 10,618 vehicles. Today, we’re proud to expand our BMW X portfolio here in Malaysia with the first-ever BMW X2.”

The existence of illicit trade has been an enduring issue that has escalated in scope and magnitude. 

Since the complexity of the shadow economy makes it hard to combat this growing issue in isolation, public- and private-sector support is vital.

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.