News

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...

In a decisive move to address the disruption of Light Rail Transit (LRT) operations between the Masjid Jamek and Bandaraya stations in Kuala Lumpur, Prasarana Malaysia Bhd is set to take legal action against the developer and site owner of a hotel project deemed responsible for the issue. Transport Minister Anthony Loke Siew Fook revealed that the lawsuit aims to seek compensation totaling RM38 million,...

In a significant development for Penang International Airport's expansion project, the Penang government has successfully addressed the relocation concerns of over 50 Malaysia Airports Holdings Bhd (MAHB) employees. The affected staff, who resided in quarters within the expansion project's vicinity, have been offered affordable housing solutions in Teluk Kumbar, as announced by Chief Minister Chow Kon...

In a refreshing change of pace, commercial real estate investment in the Asia Pacific region witnessed a 3% year-on-year growth in the fourth quarter of 2023, reaching a total of US$31.6 billion (RM151.1 billion). This growth, as reported by JLL, marks the end of a persistent downtrend that spanned seven consecutive quarters, shedding a ray of optimism on the region's investment landscape. The year 2023...