News

JS-SEZ Attracts RM29.5 Billion in Potential Investments, Says Anwar

"The Johor-Singapore Special Economic Zone (JS-SEZ) has attracted RM29.5 billion in potential investments from 104 investors, says PM Anwar Ibrahim, highlighting Johor’s strong growth momentum in 2025." Kuala Lumpur, 16th Octorber 2025, 01.00pm - The Invest Malaysia Facilitation Centre Johor (IMFC-J) has drawn interest from 104 potential investors, representing an estimated RM29.51 billion in...

S P Setia’s STEM Stars Programme Benefits 1,200 B40 Students

"Setia Foundation completes Phase 1 of its STEM Stars Programme, empowering 1,255 B40 students in Penang, Selangor, and Johor with hands-on STEM learning experiences." Kuala Lumpur, 15th Octorber 2025, 10.38am - Setia Foundation, the charitable arm of S P Setia Bhd, has successfully completed the first phase of its STEM Stars Programme under the Sekolah Angkat Madani initiative, benefiting 1,255...

Malaysia Gears Up for National Planning Congress 2025, Strengthening Smart City Vision

"Malaysia launches NPC 2025 in Putrajaya, advancing Smart City goals under the 2040 plan with MIP and PLANMalaysia leading sustainable urban growth." Kuala Lumpur, 14th Octorber 2025, 10.38am - The soft launch of the National Planning Congress (NPC) 2025 took place in Putrajaya today, setting the stage for Malaysia’s leading urban planning and sustainable development event, which will be held from...

Valiram Family Buys Impiana KLCC Hotel for RM315 Million from Magma Group and KLCC Holdings

"Magma Group and KLCC Holdings sell Impiana KLCC Hotel to Valiram-linked firm Harum Aspirasi for RM315 million, exceeding its RM300 million market value." Kuala Lumpur, 13th Octorber 2025, 10.36am - Magma Group Bhd and KLCC Holdings Sdn Bhd have agreed to sell the 519-room Impiana KLCC Hotel in Kuala Lumpur for RM315 million to Harum Aspirasi Sdn Bhd, a company majority-owned by the Valiram family,...

Malaysia Still Reviewing Kuala Lumpur–Singapore HSR Project, Says Transport Minister

"Malaysia is still evaluating the Kuala Lumpur–Singapore HSR project as Transport Minister Anthony Loke confirms plans for a private sector–led model." Kuala Lumpur, 08th Octorber 2025, 01.10pm - Malaysia has yet to make a final decision on the Kuala Lumpur–Singapore High Speed Rail (HSR) project, despite receiving concept proposals from private firms more than two years ago. Transport...

Malaysia’s Ageing Buildings Face Silent Crisis: 90% Suffer from Leaks and Seepage, Study Finds

"A 2025 study finds 90% of Malaysia’s buildings suffer from leaks and poor maintenance, raising alarm over long-term property safety and asset value." Kuala Lumpur, 07th Octorber 2025, 10.55am - A new nationwide survey has uncovered a growing maintenance crisis across Malaysia’s property market, revealing that nine out of ten buildings suffer from leaks and seepage due to ageing structures, limited...

KPKT Orders Further Review of Urban Renewal Bill Based on UMNO Convention Resolutions

"KPKT directs PLANMalaysia to review UMNO’s Urban Renewal Convention proposals to enhance the Urban Renewal Bill for better urban redevelopment." Kuala Lumpur, 06th Octorber 2025, 01.49pm - The Housing and Local Government Ministry (KPKT) has directed the Town and Country Planning Department (PLANMalaysia) to carry out a detailed review of resolutions proposed during the recent Urban Renewal...

Matrix Concepts Founder Transfers 10 Million Shares to Son, Strengthening Leadership Transition

"Matrix Concepts’ founder transfers 10 million shares to son Kelvin Lee, marking a new phase in leadership and growth for the property developer." Kuala Lumpur, 03rd Octorber 2025, 01.49pm - Matrix Concepts Holdings Bhd founder and group executive deputy chairman Datuk Seri Lee Tian Hock has transferred 10 million shares in the property developer to his son, group executive director Kelvin Lee Chin...

Majestic Yu in Seremban Records 80% Take-Up Since June Launch

"Majestic Yu in Seremban achieves 80% take-up since June launch, offering terraced and semi-detached homes priced from RM250,000." Kuala Lumpur, 02nd Octorber 2025, 12.49pm - Majestic Gen Sdn Bhd’s latest landed residential project, Majestic Yu, has achieved an 80% take-up rate just three months after its launch in June, the developer announced on Wednesday. Built on a 9.3-acre site with a gross...

OSK Buys Subang Jaya Land from Tropicana for RM44m, Plans RM427m Serviced Apartment Project

"OSK acquires 3.3-acre land in Subang Jaya from Tropicana for RM44m to develop RM427m serviced apartments under Tropicana Metropark." Kuala Lumpur, 01st Octorber 2025, 11.58am - OSK Holdings Bhd has announced the acquisition of a 3.3-acre parcel of land in Subang Jaya from Tropicana Corp Bhd for RM44.34 million, with plans to develop serviced apartments valued at RM427 million. The purchase was made...