News

Welcome to the heart of Kuala Lumpur where technology meets urban hustle at the newly minted TRX Samsung Galaxy Station. A unique collaboration between Samsung and MRT Corp has transformed this bustling interchange hub into a vibrant testament to innovation and connectivity. This is not just any station—it's a portal into the future of tech, with the Samsung Galaxy S24 series leading the...

The Kuala Lumpur and Selangor office markets are currently experiencing a significant evolution, highlighted by the completion of major projects like the Merdeka 118 tower. According to Teh Young Khean, Knight Frank Malaysia’s executive director for office strategy and solution, these developments are setting the stage for future supply pressures and opportunities. Recent Developments and Supply...

In a significant overhaul aimed at bolstering financial security for its members, the Employees Provident Fund (EPF) of Malaysia has announced a restructuring of its account system. Starting May 11, all EPF members under the age of 55 will transition from having two accounts to three, each designed to serve distinct financial needs more effectively. New Account Structures for Enhanced Financial...

The KL20 Summit 2024 has just concluded, leaving a significant mark on Kuala Lumpur's journey to becoming a top global startup hub by 2030. Hosted by the Economy Ministry, this summit has set the stage for substantial tech-driven economic growth in Malaysia. Here are three key takeaways from this groundbreaking event: 1. Emphasizing the Semiconductor and IC Industries The summit placed a heavy emphasis...

Balancing Act: IOI Group’s Mastery of Palm Oil and Property Ventures Founded by the late Lee Shin Cheng, the IOI Group in Malaysia has become a significant force in both the palm oil and property sectors. The group is uniquely structured around two main divisions—IOI Corporation and IOI Properties Group, led by Lee’s sons, Yeow Chor and Yeow Seng, respectively. A Tale of Two Industries IOI...

Malaysia: The New Business Epicenter in ASEAN Malaysia is increasingly recognized as the prime destination for businesses seeking growth opportunities within ASEAN, according to the latest findings from the UOB Business Outlook Study 2024. This comprehensive study surveyed 4,000 businesses across key markets in ASEAN and Greater China, unveiling a strong preference for Malaysia over regional counterparts...

Chin Hin Group Bhd has strategically increased its ownership in its property and construction arm, Chin Hin Group Property Bhd (CHGP), by acquiring an additional 3.39% stake for RM29.26 million. This move boosts its shareholding to 57.13% from the previous 53.74%, marking a significant enhancement of its influence over CHGP. Acquisition Details and Market Response Between March 19 and April 4, 2024,...

Unlocking Opportunities: Navigating KL20 Visa Options for Malaysia’s Thriving Startup Ecosystem Kuala Lumpur's KL20 initiative is not just transforming Malaysia into a startup hub but also revolutionizing how foreign talent can participate in this dynamic market. With a suite of specialized visa options, KL20 caters to entrepreneurs, investors, and highly skilled professionals, offering a streamlined...

Malaysia's Strategic Push into Advanced Semiconductor Manufacturing As global semiconductor demand continues to rise, Malaysia is positioning itself confidently in the high-end sector of this industry, undeterred by the competitive pressures from major players like China and the U.S. This optimism was expressed by Malaysia's Second Finance Minister, Amir Hamzah Azizan, during an interview at the IMF...

Malaysia's industrial sector is showcasing signs of robust recovery and dynamic growth with the emergence of new manufacturing plants, despite facing challenges like the post-pandemic closure of some factories. Samuel Tan, executive director at KGV International Property Consultants, highlights this growth as a key marker of Malaysia's economic resilience, emphasizing the critical roles of job creation and...