News

The Vehicle Entry Permit (VEP) for Singaporean vehicles entering Malaysia through Johor will officially come into force on October 1. Despite the requirement, many Singaporean drivers have yet to install and activate their VEP's radio frequency identification (RFID) tags. While Malaysian authorities will allow entry without the VEP tag during the initial phase, the Road Transport Department (JPJ) has...

Malaysia’s Overnight Policy Rate (OPR) is projected to remain steady at 3% throughout 2024, as the nation experiences a moderation in Producer Price Index (PPI) inflation. In August 2024, the PPI inflation rate slowed to 0.3% year-on-year (y-o-y), down from 1.3% y-o-y in the previous month, signaling a shift in local production costs. The Producer Price Index (PPI) measures price changes at the producer...

Oracle has unveiled plans to invest US$6.5 billion (RM27 billion) in setting up its first public cloud region in Malaysia, making it one of the most significant tech investments in the country. This marks the latest major digital infrastructure investment in Southeast Asia, following a trend of global technology giants increasing their presence in the region. This investment follows similar moves by...

Planning for retirement can be challenging for everyone, even for experts like Christine Benz, the director of personal finance and retirement planning at Morningstar. As someone who has dedicated her career to helping others navigate retirement, Benz found herself grappling with retirement-related issues when she took on financial responsibilities for her parents, a role that exposed her to challenges she...

Sunway Bhd (KL) has announced its plan to acquire a 17.58-acre plot of prime land in Taman Taynton, Kuala Lumpur, for RM320 million. The company aims to develop a mixed-use project with an estimated gross development value (GDV) of RM3.2 billion, further expanding its footprint in Kuala Lumpur. The land is strategically located next to Sunway Alishan, one of the group's residential developments, and will...

TSR Capital Bhd (KL) has secured a RM75 million contract to undertake construction works at Elmina Business Park 2 in Gombak, Selangor, according to a bourse filing made on Wednesday. The contract was awarded to TSR Capital's wholly-owned subsidiary, TSR Bina Sdn Bhd, by Sime Darby Property Bhd (KL). The scope of the project involves extensive site clearance and earthworks, including erosion and sediment...

Google has launched the Future Skills for All (FS4A) initiative, a digital training program aimed at empowering teachers and students in Malaysia. As part of this initiative, 260 teachers in Selangor will be trained to provide digital education to 61,000 students across the state. This program was unveiled at the Mantap Malaysia Bersama AI event in Kuala Lumpur, marking another milestone in Google’s...

NCT Alliance Bhd (KL), a construction and property development group, is set to expand its presence in Sabah through the acquisition of a 51% equity interest in Setara Juara Sdn Bhd, a company holding the development rights to 101.037 hectares of land in Dumpil Bay, along Jalan Kota Kinabalu-Lok Kawi. This prime land is earmarked for a mixed-development project with an estimated gross development value...

The Securities Commission Malaysia (SC) has released detailed conditions for Single Family Office Vehicles (SFOVs) to qualify for the 0% concessionary tax rate, a key incentive announced to boost investment in the Forest City special financial zone. Among the essential requirements is that SFOVs must manage at least RM30 million in assets under management (AUM), with a minimum local investment of 10% of...

Chin Hin Group Property Bhd (KL) has announced a significant partnership with Atlan Holdings Bhd (KL) to jointly develop a high-rise project in Johor Bahru, with an impressive gross development value (GDV) of RM478.42 million. The project marks a notable expansion for both companies in Johor Bahru, an area with increasing demand for residential and retail spaces. This joint venture is expected to deliver...