Understanding the Need for the Real Property Development Act (RPDA) The proposed Real Property Development Act (RPDA) has sparked considerable discussion among consumers and industry stakeholders. Many believe that the act is long overdue, given the challenges buyers face when investing in mixed-use and commercial properties. The key concern is that the current legal framework, specifically the Housing...

Tropicana Corporation Navigates Soft Quarter with RM5.3 Million Profit, Focuses on Sustainable Growth and Debt Reduction Tropicana Corporation Bhd (KL:TROP) announced its unaudited financial results for the first quarter ended March 31, 2025 (1Q2025), revealing a profit before tax (PBT) of RM5.3 million and revenue of RM260.4 million, representing a year-on-year decline of 76.2% in PBT and 10.6% in...

Malaysia’s Top Hospitals Recognized in Newsweek’s Global Ranking Malaysia's healthcare sector has once again proven its excellence, with several public and private hospitals earning prestigious spots on Newsweek's World's Best Hospitals 2025 list. The achievement underscores the country's commitment to high-quality, patient-centered healthcare. Recognizing Healthcare Excellence The World's...

Chin Hin Group Doubles Q1 Profit to RM18.4 Million on Signature International Gains and Property Turnaround Chin Hin Group Bhd (KL:CHINHIN) delivered a strong financial performance in the first quarter ended March 31, 2025 (1QFY2025), as its net profit more than doubled to RM18.39 million from RM9.07 million in the same period last year. The results underscore the diversified group’s growing resilience...

BNM’s SSR Cut: A Prelude to an OPR Reduction? Bank Negara Malaysia (BNM) has recently lowered the statutory reserve requirement (SSR) to 1%, the lowest in 14 years, injecting RM19 billion into the banking system. This move, according to Moody’s Analytics, could pave the way for a potential overnight policy rate (OPR) cut later this year, but two critical conditions must first be...

OSK Property Unveils BAYU @ Mori Park - A Transit-Oriented Development (TOD) OSK Property has recently launched BAYU @ Mori Park, a new transit-oriented development (TOD) situated in Section 13, Shah Alam. Unveiled during an exclusive preview at the Mori Park Sales Gallery on May 10, this mixed-use development spans 3.41 acres and boasts a gross development value (GDV) of RM400 million. Scheduled for...

Kerjaya Prospek Secures RM75.46 Million in Adjudication Against Yong Tai Kerjaya Prospek Group Bhd (KL:KERJAYA) has successfully secured a RM75.46 million adjudication award against Yong Tai Bhd (KL:YONGTAI) over an unpaid construction contract related to the 'The Apple' mixed development project in Melaka. This marks a significant win for Kerjaya Prospek as the construction giant continues to enforce its...

Kuala Lumpur Real Estate Market: Resilience and Growth in 2025 Kuala Lumpur’s real estate market is showcasing notable resilience and growth in the first quarter of 2025 (1Q2025), according to the latest market dynamics report by JLL Malaysia. The report highlights a positive trend across various segments, including industrial, office, residential, and retail, driven by institutional investment,...

Sarawak's RM1.2 Billion Administrative Building Projects: A Boost to Public Service Efficiency The Sarawak government has embarked on a significant initiative to modernize public service infrastructure with the approval of 46 new administrative building projects under the 12th Malaysia Plan (MP12). These projects are part of a long-term strategy to enhance the efficiency and quality of government service...

Mercato Opens at Tropicana Metropark, Anchoring SouthPlace Shoppes as a Lifestyle Hub in Subang Jaya Tropicana Metropark continues to evolve into one of Subang Jaya’s most vibrant integrated townships with the official opening of Mercato as the anchor tenant at SouthPlace Shoppes. Covering 21,069 sq ft on Level LG, this marks the 12th Mercato outlet in Malaysia and signifies a major step forward in...