The Johor-Singapore Special Economic Zone (JS-SEZ) is poised to play a pivotal role in strengthening the economic partnership between Malaysia and Singapore. Key to its success, according to the Socio-Economic Research Centre (SERC), is ensuring the zone operates free from political interference and is guided by clear, professional management. SERC's executive director Lee Heng Guie, speaking at a...
A recent fire incident at an electric vehicle charging system (EVCS) bay in Johor has brought to light a significant compliance issue. The company operating the EVCS, where a Mercedes Benz EQB model caught fire on December 31 last year, was found to be functioning without a license from the Energy Commission. This revelation follows the Energy Commission's statement, which emphasized that under the...
Following the latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) has announced the retention of the overnight policy rate (OPR) at 3%. This decision marks the fourth consecutive time since July 2023 that the MPC has maintained the rate, following a 25 basis point increase in May of the previous year. BNM stated, “With the OPR currently at 3%, our monetary policy stance continues...
Sunsuria Bhd has marked a significant step in international cooperation by signing a co-construction agreement with the Fuzhou Municipal People’s Government (Gulou district). This agreement, centered around the construction of the Asean Digital Trade Industrial Park in Fuzhou, China, was formalized on December 21 during the inaugural Overseas Chinese Talent Conference for Development in...
Tuju Setia Bhd announces a major stride forward with a RM209 million contract awarded by Avaland Bhd (formerly known as MCT Bhd) for the construction of two service apartment blocks in USJ 25, Subang Jaya. This new project, Alora Residences, marks the first phase of the ambitious 2Fifth Avenue, a 13-acre integrated development in USJ, boasting a gross development value of RM3 billion. The project is...
SkyWorld Development Bhd reaches a new pinnacle of success with its SkyBlox @ SkySanctuary project in Setapak, securing an unprecedented QLASSIC rating of 86%. This achievement not only sets a record for the company but also highlights its commitment to superior workmanship and adherence to the Construction Industry Standard (CIS 7:2006) as outlined by the Construction Industry Development Board. SkyBlox...
Knight Frank Malaysia's "Real Estate Highlights 2nd Half of 2023" report unveils an encouraging trend in Malaysia's residential property market for the first nine months of 2023. The market experienced a growth in transaction volume and value by 1.3% and 3.5% respectively year-on-year. This upswing is attributed in part to strategic promotional efforts by developers, including innovative collaborations...
Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, in a stirring speech, asserted that Menara Merdeka 118 should be seen as a testament to Malaysia's successful journey since independence, embodying the nation's diverse and multicultural essence rooted in a spirit of nationalism. During the opening ceremony of Menara Merdeka 118, His Majesty highlighted that this new...
Prime Minister Datuk Seri Anwar Ibrahim and his Singaporean counterpart Lee Hsien Loong gathered on Thursday to witness a momentous milestone in the development of the Rapid Transit System Link (RTS Link) project. This landmark event marks a symbolic "connection" between Malaysia and Singapore, showcasing a major advancement in this ambitious infrastructure venture. The ceremony highlighted the...
Sabah's tourism industry made a significant contribution to the state's economy in 2022, with a gross value-added of tourism industries (GVATI) reaching RM13 billion. This accounted for 10.7% of Sabah's gross domestic product (GDP), according to the Regional Tourism Satellite Account (RTSA) of Sabah published by the statistics department. In addition, Sabah's GVATI contributed 5.2% to Malaysia's GVATI and...
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