News

MRT Corp Opens Tender for RM10 Billion Penang LRT Mutiara Line Project Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has announced an open tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which is a significant component of Malaysia's public transportation infrastructure. With an allocated budget of RM10 billion, the project is expected to enhance connectivity across Penang Island and the...

Exceptional Demand for Sime Darby Property’s JUMPA and Kanopi Developments Sime Darby Property's recent launches at Elmina City Centre have met with overwhelming success, reflecting the area's growing appeal as a vibrant commercial and residential hub. JUMPA @ Elmina Valley: A Commercial Triumph JUMPA @ Elmina Valley, a multi-storey commercial development located just 500 meters from Elmina City...

Penang Studies the Feasibility of a Special Financial Zone Penang is exploring the establishment of a Special Financial Zone (SFZ) to serve as a growth engine for the state’s economy. According to Chief Minister Chow Kon Yeow, the Penang Institute (PI) is currently conducting a comprehensive study on the feasibility and framework of the SFZ. The study aims to assess how an SFZ could bolster Penang’s...

Glomac Bhd has officially launched Serai @ SBCR, a highly anticipated residential precinct within the 1,200-acre Bandar Saujana Utama master plan in Sungai Buloh, Selangor. With a gross development value (GDV) of RM353 million, this 64-acre leasehold development is set to enhance the township’s appeal by offering thoughtfully designed homes and amenities. Serai @ SBCR will be developed in four phases,...

KLCC (Holdings) Sdn Bhd Acquires Bandar Malaysia Land KLCC (Holdings) Sdn Bhd (KLCCH), a subsidiary of Petroliam Nasional Bhd (Petronas), has announced the acquisition of 486 acres of prime land in Bandar Malaysia, Jalan Sungai Besi, Kuala Lumpur. The transaction, which had been under wraps, was finalized on October 4, 2024, with the sale-and-purchase agreement signed between KLCCH, Bandar Malaysia Sdn...

Federal Agencies Approve Revised PJD Link Highway Alignment: Selangor's Decision Awaits The proposed Petaling Jaya Dispersal Link (PJD Link) highway has taken a significant step forward, with federal agencies giving their nod to the revised alignment proposed by PJD Link (M) Sdn Bhd, the project developer. However, the Selangor state government now holds the final say on whether the project will...

Tropicana Corporation Berhad has announced its unaudited financial results for the third quarter ending September 30, 2024. While the group reported a revenue of RM877.8 million, a 21.9% decrease compared to the same period last year, the results underscore Tropicana’s strategic focus on debt reduction and long-term sustainability. Revenue Performance Overview The RM877.8 million revenue was...

Toll Exemptions Announced for Christmas 2024 In celebration of Christmas, the Malaysian government has announced toll exemptions for Class 1 vehicles (personal cars) on Dec 23 and 24, 2024. The toll-free initiative will cover all highways, excluding tolls at border crossings, such as the Sultan Iskandar Building and Tanjung Kupang toll plazas. Works Minister Alexander Nanta Linggi confirmed the...

Radium Development and GreenRE: Pioneering Sustainable Urban Living Radium Development Bhd (KL) has made a significant stride towards sustainability by signing a memorandum of understanding (MOU) with GreenRE Sdn Bhd. This partnership underscores Radium’s commitment to integrating green building practices into its projects, aligning with Malaysia’s green agenda and global environmental standards. A...

Malaysia My Second Home (MM2H): Enhancing Transparency and Flexibility The Malaysia My Second Home (MM2H) programme, a flagship initiative to attract long-term foreign residents, is undergoing significant enhancements by the Tourism, Arts and Culture Ministry (MOTAC). These updates aim to ensure smoother operations, greater transparency, and increased flexibility for participants. Strengthening...