Sarawak is on the brink of a significant transformation in its public transportation landscape, with the upcoming Kuching International Airport (KIA) ART station poised to play a central role. Coded SR06, this station is part of the ambitious Kuching Urban Transformation System (KUTS), a project that promises to revolutionize how people move within the region. The most recent video released by Sarawak...
Concorde Hotel Kuala Lumpur, a well-known four-star establishment in the city’s bustling Jalan Sultan Ismail, is now on the market for nearly RM700 million. The sale includes the hotel as well as an adjacent piece of prime freehold land, spanning a total of 4.5 acres. Sources reveal that the potential buyer will likely demolish the hotel to pave the way for a multibillion-ringgit integrated...
The Malaysian industrial market is experiencing a significant boost as international players continue to enter the market, driven by the global supply chain diversification strategy known as China Plus One. This strategic shift, aimed at reducing dependency on China by diversifying sourcing and production locations, has been a key factor in attracting global companies to Malaysia. Growth in KL’s...
In July 2024, Malaysia Airports Group recorded a significant milestone with 12.4 million passenger movements, marking a 7.3% increase from the previous month. This achievement not only represents a new monthly high in the post-pandemic era but also underscores the ongoing recovery and growth in air travel. Strong Performance at Local Airports The robust growth in passenger movements was primarily...
The Johor Zoo, one of Malaysia's most historic and beloved attractions, celebrated a momentous reopening on National Day, drawing nearly 20,000 visitors in a single day. After being closed for three years, the zoo welcomed back the public with open arms, marking a significant milestone in its long history. A Historical Day for Johor Zoo The reopening of Johor Zoo on National Day was nothing short of...
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...
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