News

Ascott Opens lyf Georgetown Penang, A New Social Hub in the Heart of George Town Ascott Ltd has officially opened its latest hotel, lyf Georgetown Penang, on Farquhar Street in George Town, Penang, on November 11. The new property, designed as a dynamic social hub, offers a range of accommodations from studio to three-bedroom layouts, with built-up sizes ranging from 151 to 603 sq ft. “We are thrilled...

Government Drives Sustainable Growth in Malaysia's Construction Sector with Major Projects and Green Initiatives In a bid to strengthen Malaysia’s construction industry amid rising costs, Prime Minister Datuk Seri Anwar Ibrahim announced new initiatives to bolster the sector, with a focus on sustainability and digital integration. By prioritizing major projects and public-private partnerships, the...

Mah Sing Group Unveils Sales Gallery for RM850 Million M Aspira in Taman Desa, Kuala Lumpur Mah Sing Group Bhd (KL) has officially launched the sales gallery for M Aspira, its latest serviced apartment project in Taman Desa, Kuala Lumpur, with a gross development value (GDV) of RM850 million. The project, unveiled on November 20, promises a vibrant and community-focused lifestyle in one of the city’s...

Langkawi Ranks Among Asia's Top 10 Islands in 2024 Conde Nast Traveler Awards Langkawi, the Jewel of Kedah, has been recognized as one of Asia's Top 10 Best Islands by the Conde Nast Traveler Reader’s Choice Awards 2024, landing the prestigious fourth spot. This accolade highlights Langkawi's rare beauty, featuring pristine beaches, lush rainforests, and enchanting geological formations under its UNESCO...

Prime Commercial Site in Kuala Lumpur’s Golden Triangle Up for Sale, Ideal for Hotel Redevelopment A strategically located freehold commercial site at 290 Jalan Raja Chulan in Kuala Lumpur has hit the market for RM65 million (approximately SG$20 million). With a land area of 20,309 sq ft, the asking price translates to about RM3,201 psf (SG$985 psf). The site, currently utilized as a car park, is being...

The Mutiara Line Light Rail Transit (LRT) project in Penang is set to commence by the end of the year, following final contract negotiations between Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and SRS Konsortium. The project, a major component of Penang's infrastructure development plan, is expected to connect critical areas of the island, including Silicon Island and Komtar. Penang Infrastructure,...

The Langham to Open in Kuala Lumpur’s Oxley Towers KLCC Complex by 2027 Kuala Lumpur’s central business district is set to welcome an exciting addition in 2027: The Langham, a luxury hotel that will join the prestigious Oxley Towers KLCC complex. This venture is the result of a collaboration between Langham Hospitality Group (LHG) and Artisan Hospitality, a subsidiary of Singapore’s Oxley...

EPF’s Investment Income Surges 20% in First Nine Months of 2024, Driven by Equity Gains and Economic Growth Malaysia’s Employees Provident Fund (EPF) reported a robust investment income increase in Q3 2024, reaching RM19.67 billion, up from RM14.67 billion in Q3 2023. This brought EPF’s total investment income for January-September 2024 to RM57.57 billion, marking a 20% increase compared to RM47.86...

Sunsuria Bhd (KL) has officially launched the Concord College International School Malaysia (CCIS), located in Sunsuria City, Sepang, Selangor. The school is the first of its kind in ASEAN, designed after Concord College in Shropshire, England, an acclaimed day and boarding school. The establishment of CCIS marks a significant collaboration between Sunsuria Education Sdn Bhd (SESB) and Concord College...

Micron Technology Strengthens Malaysia’s Semiconductor Ecosystem with Investment in Talent Development and STEM Education In alignment with Malaysia’s National Semiconductor Strategy, US-based Micron Technology Inc is ramping up its contributions as a leading semiconductor assembly and testing provider in Malaysia. With a focus on advanced packaging and high-tech semiconductor processes, Micron is not...