News

Melaka to Lead Malaysia's Electric Vehicle (EV) Production: Aligning with Climate Goals The Melaka state government is taking proactive steps to position the state as a leading hub for electric vehicle (EV) production in Malaysia, aligning with Sustainable Development Goal 13 (SDG13), which focuses on combating climate change. Chief Minister Datuk Seri Ab Rauf Yusoh emphasized that expanding EV usage is...

Toll-Free Travel Across Malaysia for Deepavali: Key Details for Highway Users In celebration of Deepavali on Oct 31, Malaysia’s Works Ministry has announced toll-free travel nationwide on Oct 29 and 30. This exemption, effective from 12:01 am on Tuesday until 11:59 pm on Wednesday, will benefit Class 1 private vehicles at all toll plazas, except for the Bangunan Sultan Iskandar (BSI) and Tanjung Kupang...

Sunway Group: 50 Years of Growth and Success Sunway Group has evolved from humble beginnings into one of Malaysia’s top conglomerates, with a combined market capitalization of over RM35 billion. Founded by Tan Sri Dr. Jeffrey Cheah in 1974, what started as a small tin mining company has now diversified into multiple sectors, including property development, construction, education, healthcare, retail,...

Malaysia: The Rising Hub for Data Centres in Southeast Asia Malaysia is quickly gaining traction as a premier destination for data centres, with tech giants like Google, Nvidia, Amazon Web Services (AWS), and Microsoft committing billions to establish cutting-edge digital infrastructure in the country. With the world increasingly relying on cloud services, streaming, and e-commerce, Malaysia’s strategic...

MM2H Agents Face Strict Action for Spreading False Information, Warns Ministry Agents handling the Malaysia My Second Home (MM2H) programme may face serious consequences for circulating false rumours and misleading updates, according to the tourism, arts and culture ministry. In a Facebook post today, Tourism Minister Tiong King Sing said the ministry has launched an investigation following multiple...

Financial Awareness Vital as Malaysians Face Retirement Challenges With life expectancy in Malaysia now averaging 76.6 years, coupled with inflation and rising living costs, it is more important than ever for Malaysians to be financially prepared early on. According to Yew Yee Tee, Executive Director and General Counsel of the Securities Commission Malaysia (SC), one of the most significant challenges...

Bamboo Hills Residences: A Prime Transit-Oriented Development for Sustainable Living and High Investment Potential A Gateway to City Convenience Located at the heart of Kuala Lumpur, Bamboo Hills Residences by UOA Development Bhd offers an unparalleled blend of modernity and nature. Strategically positioned at the intersection of Jalan Ipoh and Jalan Kuching, this transit-oriented development (TOD)...

Malaysia's Budget 2025, themed MADANI Economy: Prosperous Nation, Well-being of the People, was presented by Prime Minister Anwar Ibrahim with a record allocation of RM421 billion. The budget focuses on revitalizing the economy, implementing reforms, and improving quality of life for Malaysians. Here's a comprehensive breakdown of the key announcements: Affordable Housing and First-Time Homebuyer...

Penang Chief Minister Chow Kon Yeow expressed optimism that construction on the island’s Light Rail Transit (LRT) line could start by the end of 2024. This comes as final negotiations between MRT Corp and SRS Consortium Sdn Bhd are nearing completion. Chow noted that both parties are in the final stages of discussing technical details and contract values. Once these issues are resolved, the agreement...

Malaysia's Budget 2025 has sparked discussions about its long-term impacts on foreign investment, economic growth, and the equity market. While immediate effects on equities appear muted, analysts remain optimistic about the government’s fiscal reforms and broader economic policies. The budget aims to rebuild fiscal health and position Malaysia as an attractive hub for foreign direct investment (FDI),...