News

The dream of owning a home is a shared ambition for many Malaysians, serving as a symbol of stability and achievement. However, the path to homeownership is becoming increasingly challenging due to the rapid rise in property prices outpacing salary growth. This disparity raises critical questions about the feasibility of achieving this milestone in today's economic landscape and what measures can be taken...

The Graduates' Choice Award (GCA) maintains its prestigious reputation by illuminating the preferences of Malaysia's workforce, particularly highlighting the employers who have successfully captured the hearts and ambitions of the nation's graduates in 2024. Talentbank's recent statement reveals the award's record-breaking participation, with 464,220 votes from university students, marking a significant...

Batang Kali Road to Reopen in June After Extensive Landslide Repairs In the early hours of December 16, 2022, a tragic landslide occurred at a camping site in Batang Kali, resulting in the loss of 31 lives, including 18 adults and 13 children, while 61 others were rescued. Following this devastating event, the Batang Kali-Genting road was closed for safety assessments and necessary repair works. After 18...

Malaysia Capitalizes on US-China Tech Tensions to Boost Semiconductor Industry Malaysia is strategically positioning itself as a pivotal hub in the global semiconductor landscape, leveraging its established expertise in the industry amid growing US-China tensions. With approximately five decades of experience in semiconductor manufacturing, particularly in assembly, testing, and packaging, Malaysia is...

Malaysia is on the cusp of an economic resurgence, with Bank Negara Malaysia (BNM) projecting an expansion of between 4% and 5% in 2024. This anticipated growth is buoyed by a resilient domestic demand and a revival in export activities, according to BNM's Governor, Datuk Abdul Rasheed Ghaffour. The announcement came during the release of BNM’s 2023 annual report, shedding light on the nation's economic...

Microsoft Acquires Land in Johor for Data Center Expansion In a strategic move to expand its digital infrastructure in Southeast Asia, Microsoft has secured a 102,560 sqm plot in the Pulai area of Johor, Malaysia. This acquisition, made through Microsoft Payments (Malaysia) Sdn. Bhd., involves a transaction with Crescendo Corporation Berhad’s subsidiary, Panoramic Industrial Development Sdn. Bhd., for...

In the wake of narrowly missing its growth targets last year, the Malaysian government and central bank are doubling down on efforts to stimulate the economy, which has shown resilience despite facing significant headwinds. The ringgit's recent depreciation to a 26-year low signals the challenges ahead, yet the nation is optimistic about a turnaround, driven by a series of strategic initiatives aimed at...

Nestled within the vibrant city of Kuala Lumpur, Bukit Jalil has transformed from a mere residential outskirts to a bustling hub of activity, offering a lifestyle that's both dynamic and serene. This locality is not only famed for its sprawling sports complex built for the 1998 Commonwealth Games but has since evolved into a coveted residential area for those seeking a blend of convenience and quality...

As Malaysia positions itself for a brighter economic future, with a World Bank report predicting a GDP growth of up to 4.3% in 2024, the resilience and prosperity of its wealthiest individuals and families offer a glimpse into the country's economic vitality. Despite a modest GDP growth rate of 2.9% in the last quarter of 2023, these economic titans have not only preserved their wealth but continue to...

In a notable affirmation of Malaysia's dynamic and welcoming business environment, the nation has emerged as the premier destination for investors among Asia's emerging and developing (E&D) countries, according to the Global Opportunity Index (GOI) 2024 by the US-based Milken Institute. With a commendable global standing of 27th, Malaysia outpaces regional counterparts Thailand and China, positioned at...