In a strategic move to attract more foreign residents and revitalize its real estate market, Sabah has announced significant changes to its Sabah-Malaysia My Second Home (SBH-MM2H) programme. The most notable amendment is the reduction of the minimum age for applicants from 50 to 30 years, positioning Sabah as a more accessible destination for younger expatriates compared to the federal MM2H...
The imminent leadership transition in Singapore from Prime Minister Lee Hsien Loong to his deputy Lawrence Wong is set to mark a new chapter in Singapore-Malaysia relations, particularly in trade and investment dynamics. This shift comes at a time when regional economic frameworks are increasingly under scrutiny due to global economic challenges. Prime Minister Lee Hsien Loong, who has been at the helm...
Kuching, the vibrant capital of Sarawak, Malaysia, is emerging as one of Asia's most cost-effective travel destinations this April and May, according to the latest data from Agoda. The digital travel platform reveals that Kuching boasts the lowest average hotel room rates during these months, positioning it as an appealing option for budget-conscious travelers. Kuching's Competitive Pricing With an...
In a significant move towards bolstering regional connectivity and economic collaboration, Malaysia has expressed openness to exploring proposals that would extend the East Coast Rail Line (ECRL) all the way to the Thai border. This initiative aims to create a seamless integration with Thailand’s railway network or any forthcoming infrastructure projects. Transport Minister Anthony Loke conveyed this...
Explore the Best Expat Cities in Asia for 2024: A Comprehensive Guide Asia remains a beacon of opportunity for expatriates from around the globe, offering a mix of vibrant cultures, dynamic economies, and diverse lifestyles. Whether you're contemplating a move to experience new cultures or seeking career growth, understanding where to start can be pivotal. Recent rankings from Preply highlight the top...
As the one-year visa waiver program between Malaysia and China nears its halfway point, there's a strong push from key stakeholders to extend the initiative past its December expiration. The Malaysian Inbound Tourism Association (MITA) and other industry leaders have observed significant benefits from the policy, sparking a discussion on making the visa exemption permanent to sustain tourism...
Penang's New LRT Line: A Leap Toward Enhanced Urban Mobility and Tourism The eagerly anticipated Penang Mutiara Route Light Rail Transit (LRT) project is set to redefine transportation in the region, offering a much-needed solution to the perennial traffic congestion by connecting vital urban and suburban areas. This strategic development is not just a transit project; it is a transformative urban...
In a significant development within Malaysia’s building materials sector, Signature International Bhd, a renowned kitchen cabinet manufacturer, has been presented with a conditional takeover bid from Chin Hin Group Bhd. This offer, disclosed on a recent Friday, seeks to consolidate Chin Hin’s position in the market by acquiring all remaining shares of Signature International that it does not already...
In a significant development that could reshape financial planning for countless Malaysians, the Employees' Provident Fund (EPF) is undergoing a major restructuring. This includes a rebranding of EPF Account 1 to Account Persaraan (Retirement Account), Account 2 to Account Sejahtera, and most intriguingly, the creation of the new Account 3, also known as the Flexible Account. Here's what you need to know...
Kuala Lumpur Soars in Smart City Rankings: A Beacon for Investors Kuala Lumpur's recent leap in the 2024 Smart City Index (SCI), climbing a remarkable 16 places to rank 73rd among 142 evaluated global cities, marks a significant stride in its development as a smart city. This achievement reflects the city's ongoing improvements in digital infrastructure and public services, signaling a burgeoning hotspot...
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