News

The long-anticipated Kuala Lumpur-Singapore High-Speed Rail (HSR) project is nearing a crucial decision point, with an official announcement expected by the end of the fourth quarter of 2024. The HSR project has been a topic of significant interest both domestically and internationally, given its potential to transform connectivity and stimulate economic growth across the region. Speaking at the HSR Asia...

Fairfield by Marriott has officially announced the opening of its third hotel in Malaysia, marking another milestone in the brand's expansion within Southeast Asia. The new property, Fairfield by Marriott Kuala Besut, is strategically located in Kuala Besut, Terengganu, and caters to both business and leisure travelers exploring the East Coast region of Peninsular Malaysia. Ramesh Jackson, Marriott...

Trinity Group, a leading property developer, has announced the launch of its Gold Assurance Programme, making it the first developer in Malaysia to offer such comprehensive long-term assurances in the real estate sector. This landmark programme is designed to provide unprecedented peace of mind to homeowners and investors, delivering significant benefits that go beyond industry norms. The Gold Assurance...

WORQ, a leading co-working and flexible office space provider in Malaysia, has announced a significant expansion of its Menara UOA Bangsar outlet, in partnership with UOA Asset Management Sdn Bhd. This expansion marks a milestone for WORQ, as it adds 17,500 sq ft of space to the existing 15,000 sq ft, bringing the total size of the co-working facility to an impressive 32,500 sq ft. UOA Asset Management, a...

Twenty-five years after the iconic Petronas Twin Towers became the tallest buildings in the world, Kuala Lumpur continues to add new skyscrapers to its skyline. The latest addition is the 678.9-meter Merdeka 118, which, once fully open to the public later this year, will claim the title of the second-tallest building in the world, behind Dubai's Burj Khalifa. The rapid construction of supertall buildings...

Malaysia is on the brink of a significant milestone in its semiconductor industry, with plans to begin designing its own semiconductors. This development is largely attributed to the country's strong bilateral relationship with China, a key player in the global semiconductor market. Richard Chang, often referred to as China’s "godfather of semiconductors," highlighted this potential during a recent...

In line with market expectations, Bank Negara Malaysia (BNM) has opted to maintain its benchmark Overnight Policy Rate (OPR) at 3% during its fourth Monetary Policy Committee (MPC) meeting for 2024. The decision comes as the country enjoys sustained economic growth and benign inflation, providing a stable backdrop for future expansion. According to a Bloomberg survey, all economists predicted that the...

Lendlease, Australia's largest property developer, builder, and real estate investor, reported a significant widening of its annual loss, attributing the downturn to the impacts of a strategic overhaul and delays in reviewing the sale of key community projects. The company reported a full-year loss after tax attributable of A$1.50 billion (US$1.00 billion), a sharp increase from the A$232 million loss...

Eastern & Oriental Bhd (KL&O) has officially launched its latest luxury apartment development, The Lume, located on the 760-acre Andaman Island master plan in Penang. This development marks a significant addition to the first phase of the Andaman Island project, which spans 253 acres and is segmented into three districts: Shoreline, Gurney Green, and Canalside. The Lume is strategically situated in...

Sunway Medical Centre (SMC), located in the heart of Sunway City, has recently added another feather to its cap by achieving the globally recognised Joint Commission International (JCI) Accreditation. This prestigious recognition, The Gold Seal of Approval under JCI's Hospital Program, distinguishes SMC as the first hospital in Malaysia to hold three major hospital-wide accreditations, including...