Malaysia’s economy continues to show resilience and growth, with a stronger-than-expected performance in the second quarter of 2024 (2Q2024) prompting economists to revise their forecasts upward for the country's gross domestic product (GDP) growth this year. The economic expansion is largely attributed to robust domestic spending, investment activity, and a notable recovery in the tourism...
Kuala Lumpur's public transportation system is on the cusp of a significant transformation with the development of the MRT3 Circle Line, an ambitious infrastructure project aimed at enhancing connectivity across the Klang Valley. Set to close the loop on the city’s rail network, the MRT3 Circle Line will provide a crucial link between various existing rail lines, significantly improving the efficiency...
The Malaysia My Second Home (MM2H) programme, which has long been a cornerstone for attracting expatriates and retirees to Malaysia, has recently introduced a new requirement: property ownership. This move is anticipated to reignite international interest in Malaysia’s real estate market, according to the Real Estate and Housing Developers' Association (Rehda). The integration of this condition could be...
Malaysia is on track to achieve its ambitious goal of generating RM3.6 billion in revenue from the data centre industry by 2025, according to Deputy Communications Minister Teo Nie Ching. This target, set against a backdrop of RM2.09 billion in revenue in 2022, is bolstered by a series of substantial investments and expansions by both new and existing players in the country’s data centre...
As of May 2024, Malaysia has established itself as a rising star in the global digital economy with at least 30 colocation data centers set up across the country. The majority of these centers are located in Kuala Lumpur and Johor, regions that have quickly become the fastest-growing markets for data centers in the country. This rapid expansion signals Malaysia's readiness to position itself as one of the...
I-Bhd (KLI-Bhd) has officially broken ground on its latest project, SkyCity, located in I-City, Shah Alam. The development, which includes a 60-meter tower adorned with LED lights and a striking 600-meter glass slide, is set to become a major tourist attraction and a significant addition to the region's tourism landscape. A New Attraction in Shah Alam In a press statement issued on Tuesday, I-Bhd...
Thailand’s tourism industry is abuzz with excitement following the launch of a new direct flight route between Kuala Lumpur and Chiang Mai, which is expected to draw more than five million Malaysian visitors to Thailand this year. The inaugural flight, operated by Malaysia Airlines, took off on August 15, marking a significant milestone in Southeast Asian travel. Enhancing Travel Convenience Between...
As we mark the 31st of August, a day etched in the history of Malaysia as our nation's Merdeka (Independence) Day, it's a time for reflection, celebration, and forward-thinking. This year, as we come together to honor 67 years of independence, we are reminded of the remarkable journey our nation has embarked upon—from a nascent independent state to a thriving, multicultural nation. The Spirit of...
The Ministry of Tourism, Arts, and Culture (Motac) announced a significant milestone in Malaysia-India relations with the signing of two Memoranda of Understanding (MOUs) to enhance cooperation in tourism, as well as culture, arts, and heritage. The agreements were formalized during Prime Minister Datuk Seri Anwar Ibrahim's official visit to India from August 19 to 21, 2024. The MOUs were exchanged...
Chin Hin Group Bhd (KL) is expanding its footprint in Malaysia's engineering and construction sector by acquiring a 65% stake in two key companies: CSS Engineering & Construction Sdn Bhd (CEC) and Critical System Specialist Sdn Bhd (CSS). The acquisition, valued at RM51.51 million, will be executed through a combination of cash and shares, further positioning Chin Hin to capitalize on the booming data...
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