Malaysia

Malaysia’s Urban Renewal Bill: A Step Towards Modernisation or a Path to Displacement? After more than a decade of planning, Malaysia’s long-awaited Urban Renewal Bill (URA) is expected to be tabled in Parliament in July 2025. The Bill aims to rejuvenate aging urban areas by restoring vibrancy, providing affordable housing, enhancing public facilities, and modernising architectural...

Malaysia Rises to 4th Most Popular Luxury Property Destination Among Chinese Millionaires Malaysia has secured the 4th spot globally among destinations most searched by Chinese high-net-worth individuals (HNWIs) seeking homes priced at US$5 million (RM22.3 million) and above, according to 2024 data released by Juwai IQI. This puts Malaysia just behind Thailand, Australia, and Canada, reflecting a growing...

Malaysia-China Forge Deeper Ties with 31 MoUs: Boosting AI, Trade, and Malaysia's Property Outlook Malaysia and China have marked a new chapter in their bilateral relations with the signing of 31 Memoranda of Understanding (MoUs), covering a diverse range of sectors including artificial intelligence (AI), the digital economy, tourism, infrastructure, agriculture, and cultural exchange. The agreements were...

Malaysian Billionaires 2025: Leading Wealth Builders and Their Economic Impact Malaysia continues to prove itself as a hub for entrepreneurial success and diversified wealth. With 19 Malaysians featured on the Forbes 2025 Billionaires List, the country’s elite now hold a combined net worth of US$57.3 billion, underlining the strength of key industries such as real estate, finance, manufacturing, and...

Earthquake-Resistant Buildings in Malaysia: A Growing Priority for Urban Safety Malaysia’s evolving landscape of urban development brings with it the increasing need for earthquake-resistant buildings, especially in cities like Kuala Lumpur that are witnessing rapid growth. While the country is not directly located on the Pacific Ring of Fire, its proximity to seismic zones such as Sumatra and the...

1. Malaysia’s Investment Surge: A Boon for the Real Estate Sector Malaysia has set a historic milestone with RM378.5 billion in approved investments in 2024—a 14.9% year-on-year increase, reflecting the country’s strong economic growth and investor confidence. ✔ Top Investment Sectors:🏦 Services – RM252.7 billion (66.8% of total investments)🏭 Manufacturing – RM120.5 billion (31.8%)⛏...

Malaysia’s Industrial Sector Poised for Growth with AI-Powered Industrial Parks & Government Initiatives Malaysia’s industrial sector is set to sustain its strong growth in 2025, driven by government incentives, infrastructure advancements, and the integration of AI-powered industrial parks, according to Knight Frank Malaysia. With geopolitical tensions and trade uncertainties reshaping global...

Meta to Join Licensed Social Media Platforms in Malaysia Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, is set to receive its Application Service Provider Class Licence (ASP (C)) in Malaysia, following in the footsteps of Tencent’s WeChat, ByteDance’s TikTok, and Telegram. Smooth Progress Expected for Meta Communications Minister Fahmi Fadzil confirmed that Meta is...

Malaysia's evolving economy has sparked a heated debate on what it truly means to be "rich." The introduction of the T15 (top 15%) classification in the 2025 Budget has challenged the long-standing B40 (Bottom 40%), M40 (Middle 40%), and T20 (Top 20%) income groupings, sparking discussions about their relevance and accuracy. Khazanah Research Institute (KRI) researchers Gregory Ho and Dr. Suraya Ismail...

Toll-Free Travel Across Malaysia for Deepavali: Key Details for Highway Users In celebration of Deepavali on Oct 31, Malaysia’s Works Ministry has announced toll-free travel nationwide on Oct 29 and 30. This exemption, effective from 12:01 am on Tuesday until 11:59 pm on Wednesday, will benefit Class 1 private vehicles at all toll plazas, except for the Bangunan Sultan Iskandar (BSI) and Tanjung Kupang...