News

The recent discussion at the RAM Forum 2023 centered on whether raising the Overnight Policy Rate (OPR) is an effective tool for bolstering the Malaysian ringgit. Panellists at the forum expressed skepticism about the efficacy of this approach, particularly in light of the continued tightening of monetary policy in the United States. Maybank Investment Bank's Head of Fixed Income Research, Winson Phoon,...

Prime Minister Datuk Seri Anwar Ibrahim has underscored the importance of accelerating development and infrastructure projects while streamlining processes between the federal government and states, particularly concerning land transfers. This emphasis on expediency and efficiency was voiced after a meeting with representatives from the Northern Corridor Implementation Authority, the Iskandar Regional...

As we commemorate World Cities Day, it's essential to spotlight the role of purposeful urban design in creating sustainable cities. One shining example of this commitment to sustainability and inclusivity is Kuala Lumpur's Tun Razak Exchange (TRX). TRX represents a paradigm shift in urban planning, emphasizing the well-being of its residents and visitors. It's a place where thoughtful design prioritizes...

In the realm of economic development, collaboration and innovation often pave the path to progress. Singapore and Malaysia, two neighboring nations with a history of economic synergy, are now embarking on a journey to enhance their Special Economic Zone (SEZ) ecosystem. This collaborative endeavor aims to determine the future focus of the SEZ, bringing with it a promise of economic growth and prosperity...

As cranes increasingly dot Malaysia’s skylines and construction sites buzz with non-stop activity, a curious imbalance has taken shape. Amid the rising apartment complexes, suburban enclaves, and gated communities, a significant number of residential properties stand vacant, their doors open and awaiting the footsteps of prospective occupants. The phenomenon of overhang and unsold residential...

Seri Kembangan's Mines Resort City, renowned as The Mines, is undergoing a significant expansion of its leisure and tourism offerings to entice urban residents. This transformation is driven by factors such as population growth, environmental changes, urbanization, and shifting demographics, as highlighted by Tan Sri Lee Kim Yew, the founder and adviser of Country Heights Holdings Bhd. The Mines has a...

In the vibrant neighborhood of Bandar Kinrara, Puchong, lies a tapestry of contemporary living woven into the fabric of serene landscapes and urban convenience. This bustling community is adorned with modern amenities, robust infrastructure, and seamless connectivity, making it an attractive choice for residents seeking a harmonious blend of modernity and tradition. Amidst this lively enclave, two...

In a significant development, Airbnb, a prominent player in the vacation rentals and tourism sector, has joined hands with the Town and Country Planning Department (PLANMalaysia) to establish a unified set of guidelines for short-term rental accommodation (STRA) across Malaysia. This strategic collaboration marks a crucial step toward ensuring the structured growth of the short-term rental industry in the...

The Malaysian property sector is poised for a potential resurgence in 2024, thanks to a growing influx of foreign investors and the government's ongoing review of the Malaysia My Second Home (MM2H) program criteria. According to Teh Heng Chong, CEO of Avaland Bhd, this development could particularly benefit properties priced over RM1 million. Optimism in the Property Market: The property market is showing...

he Renaissance Kuala Lumpur Hotel & Convention Centre, located in the heart of the city center, has officially reopened its doors to the public after an extensive renovation period that began in June 2020. This reopening marks an exciting development, as the hotel will now be part of Marriott International's first dual-branded property under the Marriott Bonvoy travel program in Malaysia. The...