News

Affin Bank Bhd (KL) has introduced its private banking service, Affin Diventium, aimed at serving ultra-high net worth individuals with investable assets of RM2 million or more. This move underscores the bank’s commitment to offering tailored, premium services to its wealthiest clientele, providing them with a wide range of personalised financial solutions. With Affin Diventium, clients will have access...

In the heart of Kuala Lumpur, The Exchange 106 rises majestically as Malaysia's second-tallest building, symbolizing the nation's relentless pursuit of architectural excellence and innovation. Standing at a towering 454 meters, this skyscraper is not just a testament to modern design but also a marvel of engineering. Developed by Mulia Group Architects and led by Chief Development Officer Ali Moghaddasi,...

Binastra Corp Bhd (KL), formerly known as Comintel Corp Bhd, has successfully secured a substantial RM235.5 million contract from Mightyprop Sdn Bhd. This contract involves the construction of a 39-story serviced apartment building in Petaling Jaya, Selangor, further solidifying Binastra's reputation in the construction industry. The contract, awarded to Binastra's subsidiary, Binastra Builders Sdn Bhd,...

Malaysia's property market is on a strong upward trajectory, with the first half of 2024 (1H2024) marking a significant milestone. The National Property Information Centre (Napic) reported that the property transaction value reached RM105.65 billion, a 23.8% year-on-year (y-o-y) increase, the highest growth in five years. This substantial growth underscores the resilience and recovery of the sector, fueled...

Malaysia is poised to attract more than RM50 billion in foreign direct investments (FDI) annually by 2030, barring any unforeseen economic disruptions. This projection, detailed by UOB Global Economics and Markets Research, highlights the nation's continued appeal to international investors and its resilient economic landscape amidst global uncertainties. Steady Growth in FDI According to UOB Global...

Datuk Seri Chiau Beng Teik, the founder of Chin Hin Group Bhd (KL), has reduced his stake in NCT Alliance Bhd (KL) after selling 59 million shares via an off-market transaction. The sale, which occurred on Monday, decreased his holding in NCT Alliance from 8.06% to 4.48%, effectively removing him as a substantial shareholder. Sale Details and Impact The disposal of the 3.58% stake or 59 million shares...

Since gaining independence in 1957, Malaysia has undergone a remarkable economic transformation, evolving from a primarily agriculture-based economy to a diversified and resilient one. This journey of growth and development is a testament to strategic planning, adaptability, and visionary leadership, laying the foundation for sustained prosperity. Malaysia's economic trajectory has not only ensured...

In recent years, Malaysia has become an increasingly attractive destination for real estate investors, both locally and internationally. With a combination of affordable property prices, high rental yields, and investment-friendly policies, the country is positioning itself as a top choice for those looking to maximize returns on property investments. This article outlines the top six reasons why real...

Malaysia's data centre market is experiencing rapid growth, underlining the country’s appeal as an attractive destination for digital infrastructure investments. The latest example of this trend is Amazon Web Services (AWS), which in August 2024 announced a RM29.2 billion (USD 6.2 billion) investment in Malaysia by 2038, adding a new region to its cloud computing infrastructure, powered entirely by...

Malaysia has experienced five decades of rapid and inclusive economic growth, positioning the country on the brink of achieving high-income status, according to Dr. Luiz de Mello, Director of the Economics Department at the Organisation for Economic Cooperation and Development (OECD). Speaking at the launch of the 2024 OECD Economic Survey of Malaysia, Dr. Luiz highlighted the impressive economic...