As Malaysia confronts a moderating trend in potential output growth, strategic reforms become imperative to sustain and enhance the nation's economic prospects. Lee Heng Guie, Executive Director of the Socio-Economic Research Centre, outlines a comprehensive approach to revitalize Malaysia's economic foundations and address the challenges of transitioning to a high-income economy. Understanding the...

Malaysia has marked a significant leap forward in the academic sphere, with the latest Quacquarelli Symonds (QS) World University Rankings by Subject 2024 showcasing the nation's remarkable ascent to the third highest in Asia and sixth in the world. A surge of 22% in the rankings represents a milestone for Malaysia's 240 academic programs across 25 universities, reflecting the country's vibrant educational...

Welcome to the heart of Kuala Lumpur where technology meets urban hustle at the newly minted TRX Samsung Galaxy Station. A unique collaboration between Samsung and MRT Corp has transformed this bustling interchange hub into a vibrant testament to innovation and connectivity. This is not just any station—it's a portal into the future of tech, with the Samsung Galaxy S24 series leading the...

The Kuala Lumpur and Selangor office markets are currently experiencing a significant evolution, highlighted by the completion of major projects like the Merdeka 118 tower. According to Teh Young Khean, Knight Frank Malaysia’s executive director for office strategy and solution, these developments are setting the stage for future supply pressures and opportunities. Recent Developments and Supply...

In a significant overhaul aimed at bolstering financial security for its members, the Employees Provident Fund (EPF) of Malaysia has announced a restructuring of its account system. Starting May 11, all EPF members under the age of 55 will transition from having two accounts to three, each designed to serve distinct financial needs more effectively. New Account Structures for Enhanced Financial...

The KL20 Summit 2024 has just concluded, leaving a significant mark on Kuala Lumpur's journey to becoming a top global startup hub by 2030. Hosted by the Economy Ministry, this summit has set the stage for substantial tech-driven economic growth in Malaysia. Here are three key takeaways from this groundbreaking event: 1. Emphasizing the Semiconductor and IC Industries The summit placed a heavy emphasis...

Balancing Act: IOI Group’s Mastery of Palm Oil and Property Ventures Founded by the late Lee Shin Cheng, the IOI Group in Malaysia has become a significant force in both the palm oil and property sectors. The group is uniquely structured around two main divisions—IOI Corporation and IOI Properties Group, led by Lee’s sons, Yeow Chor and Yeow Seng, respectively. A Tale of Two Industries IOI...

Malaysia: The New Business Epicenter in ASEAN Malaysia is increasingly recognized as the prime destination for businesses seeking growth opportunities within ASEAN, according to the latest findings from the UOB Business Outlook Study 2024. This comprehensive study surveyed 4,000 businesses across key markets in ASEAN and Greater China, unveiling a strong preference for Malaysia over regional counterparts...

Chin Hin Group Bhd has strategically increased its ownership in its property and construction arm, Chin Hin Group Property Bhd (CHGP), by acquiring an additional 3.39% stake for RM29.26 million. This move boosts its shareholding to 57.13% from the previous 53.74%, marking a significant enhancement of its influence over CHGP. Acquisition Details and Market Response Between March 19 and April 4, 2024,...

Unlocking Opportunities: Navigating KL20 Visa Options for Malaysia’s Thriving Startup Ecosystem Kuala Lumpur's KL20 initiative is not just transforming Malaysia into a startup hub but also revolutionizing how foreign talent can participate in this dynamic market. With a suite of specialized visa options, KL20 caters to entrepreneurs, investors, and highly skilled professionals, offering a streamlined...