In Malaysia, cryptocurrencies are not recognized as legal tender, with the ringgit being the sole official currency as per the Central Bank of Malaysia Act. This effectively excludes cryptocurrencies from legal tender status, although the Act does not prohibit their use. Cryptocurrencies, however, are classified as securities under the Capital Markets and Services Order, placing them within a regulated...
Old Klang Road, a legendary hub at the intersection of Petaling Jaya and Kuala Lumpur, has long been recognized for its vibrant blend of rich history and modern energy. As one of the oldest and most iconic roadways in the city, this dynamic boulevard offers a unique fusion of tradition and contemporary life. It’s this prime location that sets the stage for Majestic Gen Starz Residences, an exclusive...
The Johor state government has introduced several strategies to manage the anticipated increase in property values in Johor Bahru as a result of the Johor-Singapore Special Economic Zone (JS-SEZ). Johor Menteri Besar Datuk Onn Hafiz Ghazi highlighted that ensuring equitable benefits for all residents is a key challenge in the implementation of the JS-SEZ, particularly with the expected rise in real estate...
Johor is witnessing a surge in data centres, with over 50 centres currently in the application, construction, or operational stages, and even more expected in the near future. According to Samuel Tan, CEO of Olive Tree Property Consultants Sdn Bhd, this growth is set to continue, particularly with the launch of the Forest City Special Financial Zone (SFZ) and the Johor-Singapore Special Economic Zone...
Tropicana Gardens' Edelweiss Celebrates 100% Take-Up and Topping-Off Event Tropicana Gardens, a transit-oriented development (TOD) in Tropicana Indah, has reached a milestone with the 100% take-up of Edelweiss Serviced Residences and a topping-off ceremony for Edelweiss SOFO and Shoppes. This marks the success of the seventh phase of the project, developed by Tropicana Corp Bhd in collaboration with The...
In a significant move to enhance the accessibility of stock market investing, Bursa Malaysia Bhd, TNG Digital Sdn Bhd (TNG Digital), and Affin Hwang Investment Bank Bhd have jointly launched e-Trade, the first equities market trading feature integrated within the TNG eWallet platform. This innovation, part of the GOfinance investment hub in TNG eWallet, aims to democratize stock market participation,...
Singaporean Visitors Return to Johor After Initial Vehicle Entry Permit (VEP) Concerns After a brief slowdown due to uncertainty around the enforcement of Malaysia's Vehicle Entry Permit (VEP), Singaporean visitors have begun to return to Johor in increasing numbers. Live camera feeds and apps like Beat The Jam showed significant traffic queues at the Causeway and Second Link in Tuas, with waiting times...
The US dollar-ringgit exchange rate is expected to fall below the 4.00 level in 2025, according to a revised projection by MIDF Research. The research house also predicts that the ringgit could reach RM4.03 against the greenback by the end of 2024, driven by positive economic conditions and continued interest rate cuts in the United States. Ringgit Set to Strengthen in 4Q24 MIDF Research anticipates...
Kuala Lumpur’s skyline is set to welcome a remarkable new addition in CloutHaus Residences. Developed by TA Global Bhd, this iconic mixed-use project is scheduled to open in the fourth quarter of 2024. Nestled in the prestigious Jalan P Ramlee, CloutHaus Residences will redefine luxury living at the heart of Kuala Lumpur City Centre (KLCC), setting new standards for sophistication and urban living...
Langkawi Island has achieved a significant milestone in public health, remaining dengue-free for the past year. According to Dr. Mansor Ismail, the Langkawi District Health Officer, there have been no dengue outbreaks reported for 365 days up to the 40th Epidemiology Week (ME40), which ended yesterday. "From Oct 6, 2023, until Oct 6, 2024, not a single dengue outbreak was reported. This marks a...
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