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...

Tropicana Indah Sells Tropicana Gardens Mall and Other Assets to IOI Properties for RM1.1 Billion Tropicana Indah Sdn Bhd, an indirect 70%-owned subsidiary of Tropicana Corporation Bhd, has signed a sale and purchase agreement with IOI Mall Damansara Sdn Bhd, a wholly-owned subsidiary of IOI Properties Group Bhd, for the sale of Tropicana Gardens Mall for a total consideration of RM680...

Proton Launches its First Electric Vehicle, the eMas 7, in Collaboration with Geely Proton, Malaysia's premier automotive manufacturer, has unveiled its highly anticipated first electric vehicle (EV), the eMas 7. Managed under Proton New Energy Technology (Pro-Net), the eMas 7 will be sold under the new eMas brand. This launch marks a significant milestone for Proton as it ventures into the electric...

The Madani Economic Framework, launched with the ambition of revitalizing Malaysia’s economy, has shown promising improvements in several areas. However, experts and consumer groups argue that significant systemic issues must be addressed to achieve long-term, tangible results. As Prime Minister Datuk Seri Anwar Ibrahim prepares to present the Madani Economy report, stakeholders are keenly watching to...

Home Minister Responds to Forbes Advisor Ranking Kuala Lumpur as Fifth Most Dangerous City in Southeast Asia Home Minister Datuk Seri Saifuddin Nasution Ismail has announced that his ministry will review the Forbes Advisor report that recently listed Kuala Lumpur as the fifth most dangerous city to visit in Southeast Asia. This announcement comes in light of the report's stark contradiction with the...

The highly anticipated Johor-Singapore Special Economic Zone (SEZ) agreement is expected to be finalized by the end of this year, despite facing significant challenges in the negotiation process. This SEZ, which promises to attract new investments, boost trade, and create jobs, is a key project for both Malaysia and Singapore. However, sources familiar with the matter have revealed that ironing out the...

Introducing Marriott Executive Apartments Penang: A New Standard in Luxury Living Marriott Executive Apartments, a distinguished part of Marriott Bonvoy’s global portfolio, proudly announces its debut in Penang with the launch of the Marriott Executive Apartments Penang. Nestled in the prestigious Gurney Drive area, this new establishment offers a blend of luxury, comfort, and convenience, catering to...

Allgreen Properties Secures Prime Residential Site Near Orchard Road with Top Bid Billionaire Robert Kuok-controlled developer Allgreen Properties Ltd has made a significant move in Singapore’s real estate market by submitting the top bid for a prime residential site near the renowned Orchard Road shopping precinct. This development highlights Allgreen's strategic expansion in the city-state despite the...

Malaysia’s economy experienced significant growth in the second quarter of 2024, advancing by 5.9%, according to Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour. This impressive growth was attributed to several key factors, including strong domestic demand, a surge in exports, and increased household spending. Strong Domestic Demand Powers Economic Growth One of the primary drivers of...

Kuala Lumpur, the bustling capital of Malaysia, has secured its place as the fifth most popular international destination in the first half of 2024, following Tokyo, Bangkok, Osaka, and Seoul. According to digital travel platform Agoda’s booking data, Kuala Lumpur’s ranking highlights its vibrant cultural appeal and modern urban attractions. Kuala Lumpur's Rising Popularity Kuala Lumpur’s appeal...