The Inland Revenue Board (LHDN) of Malaysia has intensified efforts to curb tax revenue leakage by identifying individuals and companies engaged in high-frequency cryptocurrency trading. This move aims to enhance national tax administration and ensure compliance with tax regulations. LHDN chief executive officer Datuk Dr. Abu Tariq Jamaluddin highlighted the need for greater scrutiny of cryptocurrency...

Malaysia Rises to Seventh on the Edelman Trust Index 2024 Malaysia has achieved an impressive seventh place on the Trust Index, according to the 2024 Edelman Trust Barometer, which surveyed 32,000 people across 28 countries. This marks a significant increase in public trust, rising from 62% in 2023 to 68% in 2024. Trust Index Rankings and Regional Comparison Malaysia’s score places it between its...

Malaysia's AI ambitions are set to revitalize its economy, building on its historical success in electronics and semiconductors. With a pledge of RM25 billion to support the semiconductor industry, Malaysia aims to become a key player in AI and semiconductor technology, positioning itself as a neutral and attractive destination for global investment. Prime Minister Datuk Seri Anwar Ibrahim's vision for the...

Malton Bhd Acquires Prime Land in Genting Highlands for RM65 Million Malton Bhd (KL) is set to expand its footprint in Genting Highlands with the acquisition of four parcels of land from Sering Manis Sdn Bhd, a 51%-owned subsidiary of Global Oriental Bhd (KL), for RM65 million. This strategic purchase aims to develop serviced apartments and luxury villas, enhancing the group's portfolio in a prime...

Kuala Lumpur's Skyline: A Global Architectural Marvel Kuala Lumpur's iconic skyline, dominated by the Warisan Merdeka Tower, the Exchange 106 @ TRX, and the Petronas Twin Towers, is a familiar and comforting sight to many. This skyline has also drawn the attention of the prestigious architecture and design magazine, Architectural Digest (AD), which has listed Kuala Lumpur among the top 17 city skylines in...

The East Coast Rail Link (ECRL) project, a transformative infrastructure development in Malaysia, aims to significantly enhance connectivity and stimulate economic growth. Spanning 665km and traversing Kelantan, Terengganu, Pahang, and Selangor, the ECRL project has reached 67% completion despite various challenges. Expected to be completed by the end of 2026, the ECRL is poised to be an economic...

In its ongoing commitment to promote responsible short-term rental activities (STRA) in Malaysia, Airbnb has unveiled its Guide to Responsible Hosting in Buildings. This initiative aims to provide comprehensive resources for strata hosts, property managers, joint management bodies (JMB), management corporations (MC), and developers to manage short-term rentals responsibly in apartment buildings and...

Road B66 Reopens: Restoring Connectivity to Genting Highlands and the East Coast Travellers once again have access to Genting Highlands and the East Coast with the reopening of Road B66, which connects Batang Kali to Genting Highlands. The road officially reopened on Monday at 3pm, one-and-a-half years after the tragic landslide at the Father's Organic Farm campsite. The Tragic Landslide and Road...

Luckin Coffee Inc, the US-listed Chinese coffeehouse chain, is preparing to make its debut in Malaysia. This move comes at a time when the Malaysian coffee market is experiencing fierce competition, with numerous brands vying to fill the gap left by Starbucks amidst ongoing consumer boycotts due to Middle East tensions. According to sources, Luckin Coffee will partner with a Bursa Malaysia-listed firm,...

Travellers from 63 countries can now benefit from Malaysia’s expanded autogate immigration clearance system when entering via Kuala Lumpur or Johor. This system, which was previously available to travellers from 36 low-risk countries, has been enhanced to include an additional 27 countries, making the entry process more efficient and streamlined. Expansion of the Autogate System The expansion of the...