News

Zhengzhou's Innovative Home Swap Strategy to Revitalize the Property Market In an ambitious move to rejuvenate its property sector, Zhengzhou, a central city in China, has introduced a novel initiative encouraging residents to trade their second-hand homes for new ones. This strategy, facilitated by the Zhengzhou Urban Development Group Co., a local state-owned enterprise, is aimed at reducing the...

In a strategic real estate move that could reshape the property landscape of Kuala Lumpur, Ho Hup Construction Co Bhd has decided to put its RM1 billion Flex project on hold and sell the 3.09-acre land at Pavilion Bukit Jalil. This significant transaction, involving a sale to Exsim Development Sdn Bhd's subsidiary, Exsim Persiaran Jalil Sdn Bhd for RM110 million, underscores a pivotal shift in the city’s...

Unlocking Business Opportunities with the ECRL-Economic Accelerator Projects in Malaysia The East Coast Rail Link-Economic Accelerator Projects (ECRL-EAPs), a monumental initiative by the Malaysian Investment Development Authority (MIDA) in partnership with China Communications Construction Co., is set to transform the socio-economic landscape of Malaysia's East Coast. Launched in April 2019, this project...

In a move that underlines confidence in Malaysia's economic rebound, the country's central bank, Bank Negara Malaysia (BNM), decided to maintain the overnight policy rate (OPR) at 3%. This decision, announced following a two-day meeting of the Monetary Policy Committee, aligns with the predictions of financial experts and reflects an economic environment marked by balanced growth and moderate...

Johor: The New Frontier for Property Investors Eyeing the Singapore Economic Sphere The burgeoning economic relations between Malaysia and Singapore are setting the stage for a real estate boom in Johor. Positioned as the next commercial nexus, this southern state is not just a geographical extension of Singapore but is rapidly becoming an economic extension as well, courtesy of the new special economic...

Sarawak, traditionally known for its abundant natural resources, is now making headlines for its ambitious moves in the semiconductor industry. This Malaysian state on the exotic island of Borneo is not just rich in oil and timber, but is also carving out a niche as a critical hub for semiconductor design, thanks to its strategic initiatives and international partnerships. The recent announcement from...

The Sarawak government is currently undertaking a significant linguistic and legal review concerning the official designation of its legislative assembly, known locally as the 'Dewan Undangan Negeri' (DUN), or State Legislative Assembly. This initiative reflects a broader effort to redefine Sarawak's position within the Malaysian federation. Rethinking "Negeri" in Sarawak's Context Premier Datuk...

In a significant development in Malaysian infrastructure, Transparency International Malaysia (TI-M) has called for stringent independent oversight of the Penang Light Rail Transit (LRT) project. This call comes in light of concerns over the direct tender process awarded to SRS Consortium Sdn Bhd, a subsidiary of Gamuda Bhd. Muhammad Mohan, the president of TI-M, emphasized the necessity of third-party...

The recent announcement of a salary increase for civil servants could potentially breathe new life into Malaysia's property market, according to the Real Estate and Housing Developers' Association Malaysia (Rehda). This development comes at a crucial time as both consumers and developers grapple with the rising cost of living and escalating prices of building materials. Potential Impact of Salary...

At the inaugural Malaysia Travel Escapade 2024, held at Suntec City Mall from April 12 to 14, the rich and enticing aromas of traditional Malaysian breakfast dishes like nasi lemak, roti canai, and chicken bak kut teh captivated visitors, highlighting Malaysia’s vibrant culinary heritage. The event, a celebration of Malaysian culture, strategically placed Malaysian breakfast culture at its heart,...