Malaysia: The Rising Hub for Data Centres in Southeast Asia Malaysia is quickly gaining traction as a premier destination for data centres, with tech giants like Google, Nvidia, Amazon Web Services (AWS), and Microsoft committing billions to establish cutting-edge digital infrastructure in the country. With the world increasingly relying on cloud services, streaming, and e-commerce, Malaysiaโs strategic...
MM2H Agents Face Strict Action for Spreading False Information, Warns Ministry Agents handling the Malaysia My Second Home (MM2H) programme may face serious consequences for circulating false rumours and misleading updates, according to the tourism, arts and culture ministry. In a Facebook post today, Tourism Minister Tiong King Sing said the ministry has launched an investigation following multiple...
Financial Awareness Vital as Malaysians Face Retirement Challenges With life expectancy in Malaysia now averaging 76.6 years, coupled with inflation and rising living costs, it is more important than ever for Malaysians to be financially prepared early on. According to Yew Yee Tee, Executive Director and General Counsel of the Securities Commission Malaysia (SC), one of the most significant challenges...
Bamboo Hills Residences: A Prime Transit-Oriented Development for Sustainable Living and High Investment Potential A Gateway to City Convenience Located at the heart of Kuala Lumpur, Bamboo Hills Residences by UOA Development Bhd offers an unparalleled blend of modernity and nature. Strategically positioned at the intersection of Jalan Ipoh and Jalan Kuching, this transit-oriented development (TOD)...
Malaysia's Budget 2025, themed MADANI Economy: Prosperous Nation, Well-being of the People, was presented by Prime Minister Anwar Ibrahim with a record allocation of RM421 billion. The budget focuses on revitalizing the economy, implementing reforms, and improving quality of life for Malaysians. Here's a comprehensive breakdown of the key announcements: Affordable Housing and First-Time Homebuyer...
Penang Chief Minister Chow Kon Yeow expressed optimism that construction on the islandโs Light Rail Transit (LRT) line could start by the end of 2024. This comes as final negotiations between MRT Corp and SRS Consortium Sdn Bhd are nearing completion. Chow noted that both parties are in the final stages of discussing technical details and contract values. Once these issues are resolved, the agreement...
Malaysia's Budget 2025 has sparked discussions about its long-term impacts on foreign investment, economic growth, and the equity market. While immediate effects on equities appear muted, analysts remain optimistic about the governmentโs fiscal reforms and broader economic policies. The budget aims to rebuild fiscal health and position Malaysia as an attractive hub for foreign direct investment (FDI),...
Nestled in the serene embrace of the Genting Highlands, Rimbawan by LBS Bina Group stands as a shining example of eco-conscious development. Spanning 315 acres, this township aims to seamlessly integrate modern living with nature, setting new standards for sustainability and community living in Malaysia. As part of LBS Bina's forward-thinking strategy, Rimbawan is a testament to the groupโs commitment to...
Property developer LBS Bina Group Bhd (KL) has partnered with Solarvest Holdings Bhd (KL) to build a 43-megawatt peak (MWp) solar farm in Senawang, Negeri Sembilan, under a RM104 million contract. This collaboration is part of LBS Binaโs initiative to incorporate renewable energy into its business strategy. The solar farm will be developed by Suria Hijauan Sdn Bhd, a consortium comprising Setara Armada...
IKEA Malaysia, owned by Ikano Retail, recorded a turnover of RM1.46 billion for its financial year ended August 2024 (FY2024), marking a 4.2% decline year-on-year (YoY). This drop highlights the broader challenges facing the retail sector globally, with rising living costs and inflation impacting consumer spending. Ikano Retailโs Performance Across Key Markets Despite the drop in IKEA Malaysiaโs...
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