News

Sunway Property is set to unveil its RM1.8 billion project, Sunway Velocity 3, by the end of this month, marking the latest expansion in the Sunway Velocity Kuala Lumpur integrated development. This new phase introduces serviced residences designed with co-living-ready features, catering to the dynamic lifestyles of Kuala Lumpur’s working adults, young professionals, and small families. Innovative...

Penang stands out as a beacon of investment success in Malaysia, achieving an impressive realization rate of 85% to 90% for projects announced by the Malaysian Investment Development Authority (Mida). This high rate of investment fruition underscores the state’s robust economic environment and its appeal to both local and international investors. A Thriving Manufacturing Hub Penang's Chief Minister,...

A Visionary Rail Extension to Enhance Malaysia-Thailand Trade The proposal by Malaysia’s Transport Minister, Loke Siew Fook, to extend the East Coast Rail Link (ECRL) from Kota Bharu into Thailand is a visionary stride towards strengthening economic ties between the two nations. Given Thailand's position as Malaysia's sixth-largest trading partner, with bilateral trade exceeding US$27.5 billion in 2022,...

The Malaysian real estate market is experiencing a revival of foreign interest, signaling a cautious yet undeniable rebound from the pandemic's impacts. Industry experts, including the Malaysian Institute of Estate Agents (MIEA) and the MM2H Consultants Association, point to the country’s affordability, lifestyle appeal, and strategic policies like the Malaysia My Second Home (MM2H) program as key...

In a recent announcement, Malaysia's Minister of Tourism, Culture and Arts, Tiong King Sing, highlighted significant issues and forthcoming changes within the Malaysia My Second Home (MM2H) programme. This programme, designed to attract long-term foreign residents to Malaysia, has faced challenges with some agents exploiting applicants by charging exorbitant application fees without guaranteeing...

Discover the promising signs of economic recovery and growth in Kuala Lumpur as Malaysia’s economy records a commendable 3.9% expansion in the first quarter of 2024. This upward trend, as reported by the Statistics Department, reflects a significant improvement from the 3% growth in the final quarter of 2023, hinting at a resilient economic landscape ready for new investment opportunities. Broad-Based...

The Controversial Path of Petaling Jaya's PJD Link Highway The future of the Petaling Jaya Dispersal Link (PJD Link) hangs in balance as developer PJD Link (M) Sdn Bhd faces governmental pushback on the project's progression. Despite the government's recent decision to halt the RM4.4 billion highway project, the company remains optimistic about its viability and the substantial economic benefits it could...

Johor Sets a Green Standard with New Cross-Border Electric Bus Service to Singapore Johor has marked a significant milestone in its environmental initiatives by becoming the first state in Malaysia to introduce a cross-border electric bus service, connecting with Singapore. This development underscores Johor's commitment to sustainable transport solutions and sets a new standard for regional collaboration...

Penang's real estate sector is poised for significant growth, buoyed by the state's latest infrastructural developments and strategic initiatives aimed at enhancing connectivity and reducing traffic congestion. RHB Research has recently highlighted the optimistic outlook for Penang's property market, particularly in light of the Cabinet's approval of the Penang Light Rail Transit (LRT) Mutiara Line...

Ant International's Strategic Expansion in TRX, Kuala Lumpur: A Beacon for Tech Innovation and Economic Growth In a move set to significantly bolster the digital landscape in Malaysia, Ant International has announced its new Digital Business Centre in Kuala Lumpur's Tun Razak Exchange (TRX). Scheduled for launch in 2025, this center will create more than 500 tech-focused job opportunities in its first...