News

Iskandar Investment Bhd Drives Success of Johor-Singapore Special Economic Zone Iskandar Investment Bhd (IIB) has reiterated its commitment to the Johor-Singapore Special Economic Zone (JS-SEZ), aiming to make Johor a premier investment destination in Southeast Asia. Collaborating with government agencies and international stakeholders, IIB is prioritizing strategic investments, infrastructure...

Malaysia's evolving economy has sparked a heated debate on what it truly means to be "rich." The introduction of the T15 (top 15%) classification in the 2025 Budget has challenged the long-standing B40 (Bottom 40%), M40 (Middle 40%), and T20 (Top 20%) income groupings, sparking discussions about their relevance and accuracy. Khazanah Research Institute (KRI) researchers Gregory Ho and Dr. Suraya Ismail...

CMSB Halts Kuching Isthmus Hotel and Serviced Apartment Project Cahya Mata Sarawak Bhd (CMSB) has announced the termination of its joint venture (JV) to develop a four-star hotel and serviced apartments in Kuching Isthmus, Sarawak. The decision was reached mutually by all shareholders of Isthmus Developments Sdn Bhd, the JV company overseeing the project. The JV agreement will cease to be valid from...

TRX: A Vision for the Future of Kuala Lumpur The Tun Razak Exchange (TRX) is rapidly emerging as Kuala Lumpur’s most iconic central business district (CBD), thanks to the recent openings of The Exchange TRX retail hub and the TRX City Park. This meticulously planned development integrates world-class retail, public spaces, and residential living, setting a new benchmark for urban design in...

Malaysia Announces Expanded Rooftop Solar Quotas and Incentives In a push towards renewable energy, the Malaysian government has introduced additional quotas under the Net Energy Metering (NEM) scheme, alongside extended rebates for rooftop solar installations. Key Highlights of the NEM Expansion Quota Increases NEM Rakyat: Increased by 150 megawatts (MW) to a total of 600MW. NEM Nova:...

Malaysian Shopping Malls Push Back Against Proposed 2025 Electricity Tariff Hike Shopping mall operators in Malaysia are voicing concerns over the proposed 15% electricity tariff hike, which is set to take effect in July 2025. The increase, announced by Tenaga Nasional Bhd (TNB), threatens to exacerbate financial pressures on an already fragile post-pandemic retail sector, potentially triggering inflation...

Over 6,600 Local Government Projects Completed Across Malaysia in 2024 The Ministry of Housing and Local Government (KPKT) has announced the successful completion of 6,611 projects nationwide this year, with a combined allocation of RM993.73 million, according to Minister Nga Kor Ming. These projects include: 20 large-scale initiatives 3,697 small-scale projects 357 stall and kiosk...

Tropicana Partners with Banyan Group for Skypark Kepler in Johor Tropicana Corp Bhd has partnered with global hospitality leader Banyan Group Ltd to introduce Skypark Kepler, a luxurious branded residence project in Johor. Officially announced on Dec 10, this RM2.1 billion development marks Banyan Group’s first venture into Malaysia’s residential property market. A Luxury Residence with a...

The Penang Turf Club: A Historical Icon in Malaysia The Penang Turf Club, established in 1864, is one of Malaysia's oldest and most renowned institutions. Located near George Town, this 202-acre expanse was historically synonymous with the grandeur and excitement of horse racing, earning its place as a cornerstone of Malaysian culture and recreation. Over the years, the "sport of kings" at the Penang...

Additional Compensation Issued for Kampung Sungai Baru Land Acquisition The federal government has disbursed RM200,000 in additional compensation payments to 11 flat unit owners in Kampung Sungai Baru, Kampung Bharu, following an out-of-court settlement. This is part of the ongoing land acquisition process managed by the Kuala Lumpur Federal Territory Department of Lands and Mines (JKPTG WPKL) under the...