Sunsuria Bhd has marked a significant step in international cooperation by signing a co-construction agreement with the Fuzhou Municipal Peopleโs Government (Gulou district). This agreement, centered around the construction of the Asean Digital Trade Industrial Park in Fuzhou, China, was formalized on December 21 during the inaugural Overseas Chinese Talent Conference for Development in...
Tuju Setia Bhd announces a major stride forward with a RM209 million contract awarded by Avaland Bhd (formerly known as MCT Bhd) for the construction of two service apartment blocks in USJ 25, Subang Jaya. This new project, Alora Residences, marks the first phase of the ambitious 2Fifth Avenue, a 13-acre integrated development in USJ, boasting a gross development value of RM3 billion. The project is...
SkyWorld Development Bhd reaches a new pinnacle of success with its SkyBlox @ SkySanctuary project in Setapak, securing an unprecedented QLASSIC rating of 86%. This achievement not only sets a record for the company but also highlights its commitment to superior workmanship and adherence to the Construction Industry Standard (CIS 7:2006) as outlined by the Construction Industry Development Board. SkyBlox...
Knight Frank Malaysia's "Real Estate Highlights 2nd Half of 2023" report unveils an encouraging trend in Malaysia's residential property market for the first nine months of 2023. The market experienced a growth in transaction volume and value by 1.3% and 3.5% respectively year-on-year. This upswing is attributed in part to strategic promotional efforts by developers, including innovative collaborations...
Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, in a stirring speech, asserted that Menara Merdeka 118 should be seen as a testament to Malaysia's successful journey since independence, embodying the nation's diverse and multicultural essence rooted in a spirit of nationalism. During the opening ceremony of Menara Merdeka 118, His Majesty highlighted that this new...
Prime Minister Datuk Seri Anwar Ibrahim and his Singaporean counterpart Lee Hsien Loong gathered on Thursday to witness a momentous milestone in the development of the Rapid Transit System Link (RTS Link) project. This landmark event marks a symbolic "connection" between Malaysia and Singapore, showcasing a major advancement in this ambitious infrastructure venture. The ceremony highlighted the...
Sabah's tourism industry made a significant contribution to the state's economy in 2022, with a gross value-added of tourism industries (GVATI) reaching RM13 billion. This accounted for 10.7% of Sabah's gross domestic product (GDP), according to the Regional Tourism Satellite Account (RTSA) of Sabah published by the statistics department. In addition, Sabah's GVATI contributed 5.2% to Malaysia's GVATI and...
Malaysia's national inflation rate declined to 1.5% in November 2023, down from 1.8% in October, according to the statistics department. The consumer price index (CPI) edged lower from 1.9% in September to 1.8% in October. Chief statistician Uzir Mahidin reported that monthly headline inflation remained unchanged at 0.1% in November compared to October. Lower increases were...
Bank Negara Malaysia (BNM) has announced that its international reserves have risen to US$112.8 billion as of December 15, 2023, up from US$112.3 billion at the end of November 2023. The central bank confirmed that this reserves position is adequate to finance 5.5 months of imports of goods and services and is equivalent to the total short-term external debt. The primary components of BNM's international...
Malaysia has retained its fifth-place ranking in the Corporate Governance (CG) Watch 2023 report for the Asia-Pacific region, with a score of 61.5%, representing a 2% improvement from 2020. The report, a joint effort between the Asian Corporate Governance Association (ACGA) and brokerage and investment group CLSA, evaluated the corporate governance and environmental, social, and governance (ESG)...
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