Kuala Lumpur has emerged as one of the top 100 global science and technology (S&T) clusters, according to the latest findings from the 2024 edition of the Global Innovation Index (GII), released by the World Intellectual Property Organization (WIPO). The report highlights Kuala Lumpurโs growing importance as a hub of innovation and technological development, placing it 93rd on the global list. The...
The ongoing trade tensions between the United States and China have led to a significant shift in the relocation of data centres to emerging markets like Malaysia. This trend is expected to have a ripple effect, positively impacting various sectors across the value chain, according to Moody's Ratings vice-president and senior credit officer, Nidhi Dhruv. Beneficial Impact Across Multiple...
Maybank Investment Bank Bhd (Maybank IB) has recently upgraded its outlook on Malaysia's property sector from "neutral" to "positive," highlighting the sector's strong fundamentals and the attractive valuations revealed by a recent sell-down. This upgrade signals a favorable investment environment, driven by resilient property sales and burgeoning interest in industrial properties. Resilient Property...
In a significant move to strengthen tax compliance across Klang Valley, the Inland Revenue Board (LHDN) and the Royal Malaysian Customs Department have launched Ops Metro 2024, a large-scale operation aimed at ensuring businesses adhere to tax regulations. The operation, announced by LHDN chief executive officer Datuk Dr. Abu Tariq Jamaluddin, will see over 1,000 officers from both agencies inspecting...
Tropicana Corporation Berhad, a prominent Malaysian property developer, has announced the disposal of a substantial 68.457-acre freehold land parcel in Johor Baru, Johor, to the Japanese multinational information technology service and consulting firm, NTT Data Group. The transaction, valued at RM383.13 million, is a strategic move by Tropicana to unlock the value of its land assets, providing the company...
The Johor government has endorsed the need for improved connectivity between Forest City and Singapore, proposing a direct link to attract more investors to the Special Financial Zone (SFZ) and the Johor-Singapore Special Economic Zone (JS-SEZ). State Trade Investment and Consumer Affairs Committee chairman Lee Ting Han emphasized the importance of seamless transportation to Singapore as a critical factor...
Even if the United States Federal Reserve (US Fed) proceeds with the anticipated interest rate cuts, Bank Negara Malaysia (BNM) is likely to maintain the Overnight Policy Rate (OPR) at 3% through the end of 2025, according to Maybank Investment Bank Bhd (Maybank IB). This forecast comes amid a strengthening ringgit and persistent domestic inflationary pressures. Fed Rate Cuts and BNM's OPR...
Malaysiaโs total population has now reached 34.1 million, according to the Department of Statistics Malaysia (DOSM) in its Current Population Estimates 2024 released today. This represents a growth of 0.7 million people compared to the 33.4 million recorded for the same period last year. Population Growth and Composition Shifts While Malaysia's population has grown overall, the composition of...
In an impressive display of market demand, the commercial units on Pulau Satu, Forest City, achieved an 80% take-up rate in less than an hour following their launch at the Forest City sales gallery. This milestone underscores the strong appeal of Forest City, a massive development project situated on four artificial islands near the Malaysia-Singapore border. Developed by Country Garden Pacificview Sdn....
Astoria Ampang, a luxurious leasehold serviced residence, is a modern urban sanctuary located on the prestigious Jalan Ampang in Kuala Lumpur. This iconic development seamlessly integrates the tranquility of nature with the vibrancy of city life, offering residents a unique living experience amidst one of the city's most sought-after locales. With its 46 floors and a total of 1,012 units, Astoria Ampang...
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