News

Tropicana Corp Bhd is set to enhance its property portfolio with the acquisition of a leasehold land in Kota Damansara, Selangor, for RM224 million. Positioned for residential development, the 7.79-acre site is planned to host four to five towers of serviced apartments, eyeing an estimated gross development value (GDV) of approximately RM2.8 billion. This strategic move aims to capitalize on the success of...

Hyatt Regency Kuala Lumpur, located within the ambitious KL Midtown development, is slated for a grand opening in 2025, as announced by KL Midtown Sdn Bhd director David Khor during the topping-out ceremony of the hotel. This project is a collaboration between Hap Seng Land Sdn Bhd, a subsidiary of Hap Seng Consolidated Bhd, and TTDI KL Metropolis Sdn Bhd, under Naza TTDI Sdn Bhd. Initiated in December...

Crockfords, the premier hotel at Resorts World Genting (RWG), has been honored with the Forbes Travel Guide (FTG) 5-star rating for the sixth year in a row, solidifying its status as the sole hotel in Malaysia to achieve this prestigious recognition. This accolade places Crockfords among an elite cadre of 340 luxury hotels and properties globally that have been distinguished with this prestigious rating,...

In a notable revelation by Datuk Seri Tiong King Sing, the Minister of Tourism, Arts, and Culture, China nationals currently hold the lion's share of the Malaysia My Second Home (MM2H) pass holders, numbering 24,765 as of January 31 this year. This figure significantly outpaces other countries, making them the largest group among the total 56,066 active MM2H pass holders, a fact underscored in a detailed...

Home-grown building materials specialist, Chin Hin Group Bhd, has reported an impressive sixfold increase in its net profit for the fourth quarter ended December 31, 2024 (4QFY2023), largely attributed to enhanced earnings from its joint ventures (JVs) and associates, coupled with a notable disposal gain of RM9.12 million from one of its subsidiaries. The group’s net profit soared to RM96.6 million or...

In a strategic move to bolster Johor Bahru's burgeoning hospitality and residential sectors, Bangsar Heights Pavilion Sdn Bhd has officially partnered with Hyatt Hotels Corp for the management of the Hyatt Place Johor Bahru City Centre. This collaboration marks a significant milestone for the Quayside JBCC development, a RM600 million mixed-use project poised to redefine the urban landscape of Bandar Johor...

The Penang state government is steadfast in its commitment to the Silicon Island reclamation project, spanning 930 hectares, despite facing a lawsuit from local fishermen and environmental groups. Chief Minister Chow Kon Yeow confirmed that the project's development would proceed as planned, pending the outcome of the court's decision regarding the legal challenge initiated by seven fishermen and two...

In a pivotal move towards sustainable transportation, PLUS Malaysia Bhd (PLUS) and the Malaysian Highway Authority (Lembaga Lebuhraya Malaysia or LLM) have joined forces under the guidance of the Ministry of Investment, Trade and Industry (Miti) to streamline the expansion of electric vehicle (EV) charging stations along the PLUS highway. This initiative marks a significant stride in Malaysia's commitment...

The Ipoh City Council (MBI) is set to engage in pivotal discussions with the Perak chapter of the Malaysian Budget Hotel Association (MyBHA) as part of a strategic move to address the integration of Airbnb and homestay services within the city. This decision comes amidst efforts to bolster Ipoh’s tourism sector and accommodate the rising demand for diverse lodging options among both local and...

The groundbreaking ceremony of Batu Kawan Industrial Park 3 (BKIP3) in Penang marked a significant milestone in the state's industrial achievements, as highlighted by Prime Minister Datuk Seri Anwar Ibrahim. The event underscored Penang's historical success in spearheading industrial development through the Penang Development Corporation (PDC), which has notably influenced the nation's economic...