News

Southeast Asia’s Internet Economy Faces Slowest Growth, Shifts Focus to Profitability Amid Rising Competition Southeast Asia (SEA) is experiencing its slowest internet economy growth on record this year, as rising inflation, high interest rates, and a shift in focus from revenue expansion to profitability dampen consumer demand. Research from Google, Temasek Holdings, and Bain & Co. reveals that...

KL Wellness City Phase One: Redefining Healthcare and Wellness in Bukit Jalil KL Wellness City, a 26.5-acre mixed-use development in Bukit Jalil, is on track to redefine healthcare and wellness in Malaysia. With 40% of phase one completed, the project marks a significant milestone in creating a fully integrated health and wellness community. At a recent press conference, Datuk Seri Vincent Tiew,...

Electric Vehicles: China Leads the Charge as Malaysia Prepares for an EV Boom Electric vehicles (EVs) are rapidly transforming the global automotive landscape, with China setting the pace in the shift toward eco-friendly transportation. Geely Holdings Group’s global communications lead, Ashley Sutcliffe, emphasized the lasting impact of EV adoption, stating, “Once drivers switch to EVs, they won’t...

Dedicated Logistics Hub Proposed in Nilai: A Game-Changer for Malaysia’s Logistics Industry The Ministry of Transport Malaysia has unveiled plans for a dedicated logistics hub in Nilai or Enstek, Negeri Sembilan, aiming to elevate the nation's logistics and supply chain infrastructure. Spearheaded by Transport Minister Anthony Loke, this initiative seeks to leverage the region's strategic location and...

Malaysia Proposes Mandatory EPF Contributions for Foreign Workers to Boost Wage Equity The Malaysian government has proposed mandatory contributions to the Employees Provident Fund (EPF) for foreign workers in an effort to address wage equity and ensure local workers are not disadvantaged. Finance Minister II, Amir Hamzah Azizan, announced this initiative at the ESG and Sustainability Conference 2024,...

Le Meridien Penang Airport and Avion Serviced Apartments: A Landmark Development in Bayan Lepas Rackson Group is redefining urban luxury and convenience with its groundbreaking RM1.5 billion gross development value (GDV) project in Bayan Lepas, Penang. Featuring the prestigious Le Meridien Penang Airport Hotel and Avion Serviced Apartments, this visionary development is set to become an iconic landmark...

Malaysia’s Smart City Framework Drives Transformation and Global Recognition Malaysia’s commitment to digital innovation and urban transformation is yielding impactful results, as evidenced by Kuala Lumpur’s impressive climb of 16 spots in the latest Institute for Management Development (IMD) Smart City Index. Now ranking as the 73rd smartest city globally, Kuala Lumpur’s advancement reflects...

Discover Cameron Centrum: A Modern Community Hub in the Heart of the Highlands Nestled amidst the cool, lush greenery of Cameron Highlands, Cameron Centrum is an emerging destination that promises to redefine modern living in one of Malaysia's most beloved hill stations. Combining the charm of nature with the conveniences of contemporary infrastructure, Cameron Centrum is set to become the new focal point...

Classita Holdings Ventures Into Property Investment to Revitalise Business Prospects Loss-making lingerie manufacturer Classita Holdings Bhd (KL) is taking bold steps to diversify into the property investment business, aiming to capitalise on the growing demand in Malaysia's real estate market. The company’s diversification strategy follows its recent acquisition of 18 retail shop lots in Kajang for...

Malaysian Housing Ministry Assures Neutrality in Housing Laws, Proposes New Residential Tenancy Act The Ministry of Housing and Local Government has reaffirmed its commitment to neutrality in all housing-related initiatives, ensuring that laws and regulations protect the rights and interests of all citizens without discrimination based on race or religion. This commitment aligns with the principles of...