News

Eco World International Bhd (EWI) has experienced a significant surge in trading activity, with 34.15 million shares changing hands, more than 23 times its average volume. This surge comes after the company's announcement of its first interim dividend of 33 sen per share. The stock rose by 7.8%, or five sen, reaching 69 sen in the early session, leading to a market valuation of RM1.66 billion. EWI's...

The Malaysian government has taken a significant step by designating the Forest City project as a special financial zone, aimed at stimulating economic growth in Iskandar Malaysia. Prime Minister Anwar Ibrahim highlighted various incentives, including multiple entry visas and a flat income tax rate of 15%, intended to attract knowledge workers and foster growth in sectors like healthcare, education, and...

Retirement dreams are taking people beyond their borders, with an increasing number of Americans looking for safe and cost-effective destinations to spend their golden years. GOBankingRates has conducted a thorough analysis to bring you a list of the 10 safest Asian countries for retirees, where living a comfortable lifestyle can be achieved on a budget of under $2,000 per month. The methodology for this...

Hilton has unveiled a strategic partnership with Tradewinds Corporation Berhad to bring its iconic Hilton brand to new heights in Malaysia with the upcoming Hilton Burau Bay Resort Langkawi (Pantai Cenang). This collaboration marks the fourth venture between Hilton and Tradewinds Corporation Berhad, following the successes of Hilton Petaling Jaya, Hilton Kuching, and the recently revealed Waldorf Astoria...

Penang, a popular tourist destination in Southeast Asia, has taken a bold step by becoming the first state in Malaysia to impose a ban on short-term holiday rentals, including Airbnb and similar platforms. This move, aimed at tackling issues related to the behavior of tourists, is part of a wider trend seen in various global cities. Initially announced on May 30, the ban was introduced to address concerns...

Introducing Solarvest Suites @ Bangsar South – a haven of affordable luxury and convenience in the heart of Kuala Lumpur. Situated on a sprawling 0.48-acre land, this 32-storey gem offers a modern urban lifestyle that seamlessly blends comfort, connectivity, and elegance. With unit layouts ranging from a spacious 353 sqft to a comfortable 549 sqft, the 345 units of Bangsar South Residences are...

Tropicana Corp Bhd is making strides in "Redefining the Art of Highland Living" with the "grand masterplan" for Tropicana WindCity, a sprawling 596-acre integrated development in Genting Highlands. The masterplan includes Tropicana Grandhill and Tropicana Paradise, promising a gateway to safe and thriving neighborhoods with placemaking and sustainability at the core. At the heart of Tropicana Grandhill is...

Sentral Real Estate Investment Trust (Sentral REIT) has announced its intention to acquire the 27-story Menara CelcomDigi, previously known as Menara Celcom, from the Malaysian Resources Corp Bhd (MRCB). Sentral REIT's management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent from MRCB, kick-starting the negotiations for the proposed acquisition. Although the exact acquisition...

Resorts World Sentosa (RWS), under the Genting Group, is anticipated to reap the rewards of the resurgence in Chinese travelers, a positive trend for Singapore's integrated resorts. Industry publication Inside Asian Gaming (IAG) reported that the upswing in Chinese tourist numbers presents a promising outlook for both RWS and Marina Bay Sands, which reported robust financial performance in the second...

Prime Minister Datuk Seri Anwar Ibrahim has called on the Kuala Lumpur City Hall (DBKL) to take immediate action in improving the Draft Kuala Lumpur Structure Plan 2040 (KLSP 2040) and to have the document gazetted before the end of this year. Anwar, who chaired a briefing on Monday (July 17) to examine the report of the engagement sessions on the amendment of the Draft KLSP 2040, expressed his...