The reinstatement of five stations on the LRT3 line in Shah Alam, Selangor, will now cost RM5.3 billion, exceeding the earlier estimate of RM4.7 billion, according to Deputy Transport Minister Hasbi Habibollah. This increase was disclosed during a Dewan Rakyat session, though specific cost breakdowns were not provided. The revived stations — Tropicana, Temasya, Raja Muda, Bukit Raja, and Bandar Botanik...

Should There Be a Limit on Investment Properties to Address Affordable Housing Shortage? A proposal to cap the number of properties individuals can purchase for investment has sparked debate in Malaysia. The National House Buyers Association (HBA) believes that while it makes sense to limit the number of affordable homes an individual can buy, extending this cap to all property categories could unfairly...

TRX Mall’s Impact on Malaysian REITs: Minimal Disruption to Luxury Retail Landscape Kenanga Research has assessed the influence of The Exchange TRX Mall on Malaysia’s established luxury mall market, finding a limited impact on Real Estate Investment Trusts (REITs) that hold stakes in Kuala Lumpur’s prominent luxury malls. While TRX Mall has positioned itself as a new destination for luxury shopping...

Sarawak Energy to Power State’s First Energy-Efficient Tier Four Data Centre Park Sarawak Energy Bhd (SEB) will provide power for Sarawak’s innovative Sarawak Data Centre Park (SDCP), an advanced tier four data centre hub aimed at supporting the state’s ambitious digital economy goals. This cutting-edge project, managed by Netrunner Sdn Bhd in collaboration with SEB’s subsidiary, Syarikat Sesco...

Langkawi’s Tourism Boom: 3 Million Tourist Target Within Reach by Year-End Langkawi is experiencing a strong resurgence in tourism, recording 2.1 million tourist arrivals from January to September 2023. This achievement represents about 75% of the island's 3 million visitor goal for the year, signaling robust growth for Malaysia’s premier island destination. Langkawi Development Authority (LADA) CEO,...

IOI Rio City: Transforming Puchong into a Modern, Integrated 15-Minute City IOI Properties Group Bhd recently revealed its latest venture, IOI Rio City, a massive 100-acre integrated development within the Bandar Puteri Puchong township. With a projected gross development value (GDV) of RM12 billion, this ambitious project will span residential, office, and retail spaces, including a brand-new shopping...

Melaka to Lead Malaysia's Electric Vehicle (EV) Production: Aligning with Climate Goals The Melaka state government is taking proactive steps to position the state as a leading hub for electric vehicle (EV) production in Malaysia, aligning with Sustainable Development Goal 13 (SDG13), which focuses on combating climate change. Chief Minister Datuk Seri Ab Rauf Yusoh emphasized that expanding EV usage is...

Toll-Free Travel Across Malaysia for Deepavali: Key Details for Highway Users In celebration of Deepavali on Oct 31, Malaysia’s Works Ministry has announced toll-free travel nationwide on Oct 29 and 30. This exemption, effective from 12:01 am on Tuesday until 11:59 pm on Wednesday, will benefit Class 1 private vehicles at all toll plazas, except for the Bangunan Sultan Iskandar (BSI) and Tanjung Kupang...

Sunway Group: 50 Years of Growth and Success Sunway Group has evolved from humble beginnings into one of Malaysia’s top conglomerates, with a combined market capitalization of over RM35 billion. Founded by Tan Sri Dr. Jeffrey Cheah in 1974, what started as a small tin mining company has now diversified into multiple sectors, including property development, construction, education, healthcare, retail,...

Malaysia: The Rising Hub for Data Centres in Southeast Asia Malaysia is quickly gaining traction as a premier destination for data centres, with tech giants like Google, Nvidia, Amazon Web Services (AWS), and Microsoft committing billions to establish cutting-edge digital infrastructure in the country. With the world increasingly relying on cloud services, streaming, and e-commerce, Malaysia’s strategic...