Even if the United States Federal Reserve (US Fed) proceeds with the anticipated interest rate cuts, Bank Negara Malaysia (BNM) is likely to maintain the Overnight Policy Rate (OPR) at 3% through the end of 2025, according to Maybank Investment Bank Bhd (Maybank IB). This forecast comes amid a strengthening ringgit and persistent domestic inflationary pressures. Fed Rate Cuts and BNM's OPR...
Malaysia’s total population has now reached 34.1 million, according to the Department of Statistics Malaysia (DOSM) in its Current Population Estimates 2024 released today. This represents a growth of 0.7 million people compared to the 33.4 million recorded for the same period last year. Population Growth and Composition Shifts While Malaysia's population has grown overall, the composition of...
In an impressive display of market demand, the commercial units on Pulau Satu, Forest City, achieved an 80% take-up rate in less than an hour following their launch at the Forest City sales gallery. This milestone underscores the strong appeal of Forest City, a massive development project situated on four artificial islands near the Malaysia-Singapore border. Developed by Country Garden Pacificview Sdn....
Astoria Ampang, a luxurious leasehold serviced residence, is a modern urban sanctuary located on the prestigious Jalan Ampang in Kuala Lumpur. This iconic development seamlessly integrates the tranquility of nature with the vibrancy of city life, offering residents a unique living experience amidst one of the city's most sought-after locales. With its 46 floors and a total of 1,012 units, Astoria Ampang...
Following the government's proposal to degazette Taman Tasik Intan Baiduri in Kepong, Kuala Lumpur, concerned residents are raising questions about the long-promised Batu City Park, which was announced over two years ago by former Federal Territories minister Tan Sri Annuar Musa. Annuar had unveiled plans for a vast 231.48-hectare city park featuring seven lakes and ponds, aimed at transforming the area...
Mitrajaya Holdings Bhd (KL: MITRA) has successfully secured a significant contract valued at RM37.91 million for the construction of a four-storey building with one level of sub-basement car park in Kuala Lumpur. The contract was awarded to Mitrajaya's wholly-owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, following a letter of award (LOA) from a local company on Tuesday. Project Details and...
Malaysia is on the cusp of a significant demographic shift, with the country expected to become an ageing nation by 2030. This transition is marked by an increasing number of residents aged 60 years and above, reflecting broader global trends of ageing populations. The Department of Statistics Malaysia (DOSM) has released its Current Population Estimates for 2024, shedding light on these evolving...
Johor Corporation's (JCorp) wholly owned subsidiary, JLand Group Sdn Bhd (JLG), has announced an ambitious partnership with the globally acclaimed Zaha Hadid Architects (ZHA) to design and develop the Discovery City precinct within the expansive Ibrahim Technopolis (IBTEC) township. This collaboration marks a significant step in the evolution of IBTEC, a 7,290-acre township that is poised to become a major...
Eco World Development Group Bhd (EcoWorld Malaysia) has officially launched a new industrial revenue pillar named QUANTUM, marking a significant expansion of the company's business strategy. This initiative represents EcoWorld Malaysia's fifth overall pillar of revenue and is designed to align with Malaysia’s goals of becoming a leader in the digital industry. QUANTUM: Pioneering Digital and High-Tech...
LRT3 Nears Completion with 95.6% Progress, Operational by 3Q Next Year Construction on the Light Rail Transit 3 (LRT3) project, which spans from Bandar Utama to Johan Setia in Selangor, has reached 95.6% completion and is slated to be operational by the third quarter of next year, according to Transport Minister Anthony Loke Siew Fook. Construction and Integration Anthony Loke announced that the...
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