Prime Commercial Site in Kuala Lumpur’s Golden Triangle Up for Sale, Ideal for Hotel Redevelopment A strategically located freehold commercial site at 290 Jalan Raja Chulan in Kuala Lumpur has hit the market for RM65 million (approximately SG$20 million). With a land area of 20,309 sq ft, the asking price translates to about RM3,201 psf (SG$985 psf). The site, currently utilized as a car park, is being...

The Mutiara Line Light Rail Transit (LRT) project in Penang is set to commence by the end of the year, following final contract negotiations between Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and SRS Konsortium. The project, a major component of Penang's infrastructure development plan, is expected to connect critical areas of the island, including Silicon Island and Komtar. Penang Infrastructure,...

The Langham to Open in Kuala Lumpur’s Oxley Towers KLCC Complex by 2027 Kuala Lumpur’s central business district is set to welcome an exciting addition in 2027: The Langham, a luxury hotel that will join the prestigious Oxley Towers KLCC complex. This venture is the result of a collaboration between Langham Hospitality Group (LHG) and Artisan Hospitality, a subsidiary of Singapore’s Oxley...

EPF’s Investment Income Surges 20% in First Nine Months of 2024, Driven by Equity Gains and Economic Growth Malaysia’s Employees Provident Fund (EPF) reported a robust investment income increase in Q3 2024, reaching RM19.67 billion, up from RM14.67 billion in Q3 2023. This brought EPF’s total investment income for January-September 2024 to RM57.57 billion, marking a 20% increase compared to RM47.86...

Sunsuria Bhd (KL) has officially launched the Concord College International School Malaysia (CCIS), located in Sunsuria City, Sepang, Selangor. The school is the first of its kind in ASEAN, designed after Concord College in Shropshire, England, an acclaimed day and boarding school. The establishment of CCIS marks a significant collaboration between Sunsuria Education Sdn Bhd (SESB) and Concord College...

Micron Technology Strengthens Malaysia’s Semiconductor Ecosystem with Investment in Talent Development and STEM Education In alignment with Malaysia’s National Semiconductor Strategy, US-based Micron Technology Inc is ramping up its contributions as a leading semiconductor assembly and testing provider in Malaysia. With a focus on advanced packaging and high-tech semiconductor processes, Micron is not...

Malaysia’s Budget 2025 Boosts Smart City Development with RM15.1 Million Allocation In a landmark move, Malaysia’s Budget 2025 has allocated RM15.1 million to the Housing and Local Government Ministry to propel the development of smart cities across the nation. Described as the largest allocation for such initiatives to date, Housing and Local Government Minister Nga Kor Ming emphasized that these...

Penang’s Mutiara Line LRT Project Expected to Begin in 2024, Confirms Transport Minister The highly anticipated Mutiara Line Light Rail Transit (LRT) project in Penang is on track to begin next year, according to Transport Minister Anthony Loke. Speaking at a press conference after the signing of a Memorandum of Agreement (MOA) between the Railway Assets Corporation and the Lembaga Perumahan Negeri...

Protasco Bhd (KL) announced a revision of its affordable housing projects in Putrajaya, initially awarded in 2022 by Perbadanan Putrajaya. In a filing with Bursa Malaysia, Protasco disclosed that its subsidiary Protasco Development Sdn Bhd has received updated letters of award replacing the previous agreements, revising the project names and slightly reducing the units. The project previously known as...

Sarawak to Begin Licensing S-MM2H Agents in 2025 with New Requirements for Applicants and Agencies Starting January 1, 2025, Sarawak will independently license its own Sarawak-Malaysia My Second Home (S-MM2H) agents, a milestone initiative announced by Datuk Seri Abdul Karim Rahman Hamzah, the state’s Minister for Tourism, Creative Industry, and Performing Arts. This decision follows the delegation of...