News

Boustead Properties Bhd recently partnered with Universiti Malaya (UM) to present the "Re-emerging Mutiara Damansara Central Business District Exhibition," held from July 25 to 27 at The Curve shopping mall in Mutiara Damansara, Petaling Jaya. This exhibition highlighted forward-thinking urban design concepts developed by UM’s Master of Architecture Year 1 students, showcasing their research and design...

Cyberview Signs MOUs to Propel Cyberjaya as a Global Technology Hub Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with key partners to advance Cyberjaya's status as a global technology hub. The agreements were signed with Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology & Digital Economy Corporation (SIDEC), and digital infrastructure company Equinix...

To accommodate the thousands of football fans attending the 2024 FA Cup final between Johor Darul Ta'zim (JDT) and Selangor, the Bukit Jalil LRT station will extend its operating hours until 1am on Sunday, August 25. The highly anticipated match is set to kick off at 9pm on Saturday at the Bukit Jalil National Stadium. Extended Operating Hours and Additional Trains Rapid Rail Sdn Bhd (Rapid Rail) has...

Mark your calendars for an extraordinary event from 30 August to 1 September 2024 as the iconic KLCC PETRONAS Twin Towers celebrate their 25th anniversary! This milestone celebration is packed with engaging activities, making it an unmissable outing for families, tourists, and culture enthusiasts alike. Exciting Activities Await The three-day celebration offers a wide range of activities that showcase...

Amazon Web Services (AWS), a subsidiary of Amazon.com Inc, has announced a significant investment of US$6.2 billion (RM29.2 billion) in Malaysia through 2038. This long-term commitment includes the launch of the AWS Asia Pacific (Malaysia) Region, which will provide Malaysian developers, start-ups, entrepreneurs, and enterprises with enhanced capabilities for running applications and serving end users from...

Mah Sing Group Bhd has proposed that the government revive the Home Ownership Campaign (HOC) in the upcoming 2025 Budget to support first-time homebuyers and accelerate the recovery of the property sector. The campaign, which was last held in 2021, played a crucial role in helping Malaysians purchase homes and in reducing the property overhang. Importance of the HOC for Economic Recovery Mah Sing's...

Yong Tai Bhd, a tourism-related property developer, announced on Wednesday the sale of its five-star Courtyard by Marriott Melaka hotel for RM160 million. This sale follows a report by The Edge Malaysia in late July, confirming speculation about the sale of the 248-room hotel. The hotel, which began operations in April 2022, had a net book value of RM113.84 million according to Yong Tai’s 2023 annual...

Kuala Lumpur City Hall Receives Global Recognition with SAG Award for Innovative GIS Project For the first time, Kuala Lumpur City Hall (DBKL) has gained worldwide recognition by receiving the Special Achievement in GIS (SAG) Award 2024 from ESRI Inc. at the ESRI Conference held in San Diego, California, on July 17. This prestigious award was granted in acknowledgment of the Kuala Lumpur Underground...

Lofthill Residence by Armani represents a new pinnacle of luxury living in Kuala Lumpur. Strategically located on Jalan Raja Uda, just minutes away from the iconic KLCC, this high-rise development offers an unmatched combination of modern design, strategic location, and world-class amenities. As a landmark project by Armani, Lofthill Residence is designed to cater to the needs of discerning urban dwellers...

Bank Negara Malaysia (BNM) announced that its international reserves increased by 1.05% to US$115.9 billion (RM507.35 billion) as of August 15, 2024, compared to US$114.7 billion (RM502.08 billion) as of July 31, 2024. In a statement, the central bank emphasized that this reserves position is sufficient to finance 5.4 months of imports of goods and services and is equivalent to one time the total...