Construction activity is set to ramp up at Kuala Lumpur's RM5 billion Merdeka 118 complex on Jalan Hang Jebat in the upcoming year. PNB Merdeka Ventures Sdn Bhd, a subsidiary of Permodalan Nasional Bhd (PNB), is preparing to commence work on three new residential towers, with the tallest soaring to 65 storeys, according to Tengku Datuk Ab Aziz Tengku Mahmud, the company's CEO. However, concerns have...
A recent article highlighted Khazanah Research Institute's (KRI) call for the Malaysian government to consider a vacancy tax on unoccupied and unsold residential and commercial units. While similar taxes are practiced in cities like Vancouver and Melbourne, the proposal's suitability for Malaysia's property market is questioned by the National House Buyers Association (HBA). Unlike countries where vacancy...
Construction of the East Coast Rail Link (ECRL) project has reached a progress milestone of 48.77%, according to Malaysia Rail Link Sdn Bhd (MRL) Chairman Tan Sri Mohd Zuki Ali. The project is in line with its development from Kota Bharu in Kelantan to the Gombak Integrated Terminal in Selangor, aiming for completion in December 2026 and an operational launch in January 2027. Mohd Zuki Ali emphasized that...
ECA International's recent cost of living analysis places Kuala Lumpur as the 35th most expensive city in Asia and 175th on a global scale for expatriates. Other Malaysian cities, including George Town, Kota Kinabalu, and Johor Bahru, saw a slight drop in their rankings, securing 189th, 195th, and 198th positions, respectively. Lee Quane, ECA International's Asia Regional Director, attributes the drop in...
Eco World International Bhd (EWI) has experienced a significant surge in trading activity, with 34.15 million shares changing hands, more than 23 times its average volume. This surge comes after the company's announcement of its first interim dividend of 33 sen per share. The stock rose by 7.8%, or five sen, reaching 69 sen in the early session, leading to a market valuation of RM1.66 billion. EWI's...
The Malaysian government has taken a significant step by designating the Forest City project as a special financial zone, aimed at stimulating economic growth in Iskandar Malaysia. Prime Minister Anwar Ibrahim highlighted various incentives, including multiple entry visas and a flat income tax rate of 15%, intended to attract knowledge workers and foster growth in sectors like healthcare, education, and...
Retirement dreams are taking people beyond their borders, with an increasing number of Americans looking for safe and cost-effective destinations to spend their golden years. GOBankingRates has conducted a thorough analysis to bring you a list of the 10 safest Asian countries for retirees, where living a comfortable lifestyle can be achieved on a budget of under $2,000 per month. The methodology for this...
Hilton has unveiled a strategic partnership with Tradewinds Corporation Berhad to bring its iconic Hilton brand to new heights in Malaysia with the upcoming Hilton Burau Bay Resort Langkawi (Pantai Cenang). This collaboration marks the fourth venture between Hilton and Tradewinds Corporation Berhad, following the successes of Hilton Petaling Jaya, Hilton Kuching, and the recently revealed Waldorf Astoria...
Penang, a popular tourist destination in Southeast Asia, has taken a bold step by becoming the first state in Malaysia to impose a ban on short-term holiday rentals, including Airbnb and similar platforms. This move, aimed at tackling issues related to the behavior of tourists, is part of a wider trend seen in various global cities. Initially announced on May 30, the ban was introduced to address concerns...
Introducing Solarvest Suites @ Bangsar South – a haven of affordable luxury and convenience in the heart of Kuala Lumpur. Situated on a sprawling 0.48-acre land, this 32-storey gem offers a modern urban lifestyle that seamlessly blends comfort, connectivity, and elegance. With unit layouts ranging from a spacious 353 sqft to a comfortable 549 sqft, the 345 units of Bangsar South Residences are...
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