In a significant move to strengthen tax compliance across Klang Valley, the Inland Revenue Board (LHDN) and the Royal Malaysian Customs Department have launched Ops Metro 2024, a large-scale operation aimed at ensuring businesses adhere to tax regulations. The operation, announced by LHDN chief executive officer Datuk Dr. Abu Tariq Jamaluddin, will see over 1,000 officers from both agencies inspecting...
Tropicana Corporation Berhad, a prominent Malaysian property developer, has announced the disposal of a substantial 68.457-acre freehold land parcel in Johor Baru, Johor, to the Japanese multinational information technology service and consulting firm, NTT Data Group. The transaction, valued at RM383.13 million, is a strategic move by Tropicana to unlock the value of its land assets, providing the company...
The Johor government has endorsed the need for improved connectivity between Forest City and Singapore, proposing a direct link to attract more investors to the Special Financial Zone (SFZ) and the Johor-Singapore Special Economic Zone (JS-SEZ). State Trade Investment and Consumer Affairs Committee chairman Lee Ting Han emphasized the importance of seamless transportation to Singapore as a critical factor...
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...
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