Bank Negara Malaysia (BNM) announced that its international reserves increased by 1.05% to US$115.9 billion (RM507.35 billion) as of August 15, 2024, compared to US$114.7 billion (RM502.08 billion) as of July 31, 2024. In a statement, the central bank emphasized that this reserves position is sufficient to finance 5.4 months of imports of goods and services and is equivalent to one time the total...

Prime Minister Anwar Ibrahim has announced plans to transform the area from Dataran Merdeka and the Sultan Abdul Samad Building to the National Mosque in Kuala Lumpur into a designated heritage zone. This initiative aims to emphasize Malay heritage and culture in one of the nation’s most historic and culturally significant areas. A Focus on Malay Heritage Speaking at the launch of the Bumiputera...

The upcoming Rapid Transit System (RTS) link, set to commence operations in 2026, is expected to significantly alter the retail landscape in Singapore. Connecting Singapore with Johor Bahru, Malaysia, the RTS Link will offer a convenient travel option, making it easier for Singaporeans to shop across the border. As a result, Singaporean retailers are being advised to adapt their strategies to remain...

Capitaland Malaysia Trust Eyes Industrial and Logistic Assets in Johor Amid Positive Economic Sentiments Capitaland Malaysia Trust (KL) is setting its sights on expanding its portfolio with more industrial and logistic assets in Johor, driven by the region's robust demand and positive economic sentiments. This strategic move comes after CLMT's acquisition of three prime freehold ready-built factories in...

Korean investment firm GG56 Korea Ltd has committed a significant investment of US$1 billion (RM4.37 billion) in Forest City, Johor Bahru, to establish Malaysia's first Korean Culture (K-Culture) Town. The announcement was made by the master developer of Forest City, Country Garden Pacificview Sdn Bhd (CGPV), following the signing of a memorandum of agreement (MoA) between the two companies. A Landmark...

The construction of the Rapid Transit System (RTS) Link, which will connect Johor Bahru and Singapore, has reached 83% completion as of July this year, according to Transport Minister Anthony Loke. The project remains on schedule, with operations expected to commence on January 1, 2027. Progress and Upcoming Milestones Transport Minister Anthony Loke confirmed that the construction of the RTS Link is...

The East Coast Rail Link (ECRL) project, a critical infrastructure development in Malaysia, has reached a significant milestone with an overall completion rate of 70.13% as of July 2024. Scheduled for full completion in December 2026, the ECRL promises to revolutionize Malaysia's cargo and passenger transport capabilities, particularly in the east coast regions. Progress and Timeline Transport Minister...

AME Elite Consortium Bhd Sells Four Industrial Properties to AME REIT for RM119.5 Million AME Elite Consortium Bhd (KL) is strategically realigning its property investments by selling four industrial properties in Johor to its 49.62%-owned unit AME Real Estate Investment Trust (KL) for a total of RM119.5 million. This marks AME REIT’s second acquisition from AME Elite within a span of 10 months....

Pavilion Square Bukit Bintang: Urban Living at Its Finest Pavilion Square Bukit Bintang epitomizes urban living at its finest, strategically nestled within the vibrant heart of Kuala Lumpur's Golden Triangle. This dynamic district pulsates with cosmopolitan energy, offering an unparalleled fusion of convenience and excitement. Set amidst soaring skyscrapers and bustling streets, Pavilion Square enjoys a...

Swedish investment firm EQT AB has announced its acquisition of PropertyGuru, Singapore’s leading online real estate platform, in an all-cash deal valued at $1.1 billion. This landmark transaction is set to significantly reshape the real estate tech landscape in Southeast Asia. A Strategic Acquisition at a Premium Price As part of the acquisition, PropertyGuru’s shareholders will receive $6.70...