News

SkyWorld Diversifies Into Prefab Manufacturing, Targets ASEAN Market

"SkyWorld Development ventures into prefabricated manufacturing through a joint venture with Teambuild Holding, aiming to revolutionize Malaysia's construction industry and expand across ASEAN markets." London, 21th Jan 2025, 10.05am - SkyWorld Development Bhd is set to expand its business by venturing into the manufacturing of prefabricated and prefinished modular systems, marking a strategic...

PM Anwar Unveils Second Chip Design Park in Madani Economy Push

"Prime Minister Anwar Ibrahim highlights the Madani Economy Framework's success and announces Malaysia's second chip design park during his LSE lecture, focusing on semiconductors, AI, sustainability, and global trade strategies." London, 20th Jan 2025, 11.50am - Prime Minister Datuk Seri Anwar Ibrahim highlighted the achievements of the Madani Economy Framework and Malaysia’s strategic advancements...

Pahang to Develop AI Data Centre and Affordable Housing Projects

"Pahang to develop Malaysia's first east coast AI Data Centre in 2026, boosting agricultural product marketing globally. Affordable housing projects near ECRL stations aim to enhance residents’ quality of life and drive economic growth." Pahang, 17th Jan 2025, 11.15am - The Pahang government is set to establish an Artificial Intelligence Data Centre (AIDC) to revolutionize the marketing of local...

Exsim Ipoh City and Liew Yin Yin Land Collaborate on RM230 Million Ipoh Project

"Exsim Ipoh City partners with Liew Yin Yin Land to develop a RM230 million project in Ipoh, featuring 420 serviced apartments and retail units. Exsim Hospitality to manage the development." Kuala Lumpur, 16th Jan 2025, 11.50am - Exsim Ipoh City Sdn Bhd, part of Exsim Group, has signed a joint-venture agreement with Liew Yin Yin Land Sdn Bhd to develop a 1.291-acre site in Ipoh, valued at RM230...

Terengganu Requires RM2.4 Billion for Breakwaters to Combat Coastal Erosion

"Terengganu requires over RM2.4 billion to build breakwaters across 34 locations to combat severe coastal erosion, with urgent funding sought for immediate repairs in Kuala Nerus." Kuala Lumpur, 15th Jan 2025, 02.30pm - Terengganu's Infrastructure, Utilities, and Rural Development Committee Chairman, Hanafiah Mat, announced that the state needs over RM2.4 billion to construct breakwaters to address...

Gamuda Consortium Secures RM8 Billion Contract for Penang LRT Project

"Gamuda's SRS Consortium secures RM8.31 billion Penang LRT contract for a 24km stretch with 19 stations, aiming to ease Penang traffic congestion in six years." Kuala Lumpur, 14th Jan 2025, 10.00am - Gamuda Bhd announced that its consortium, SRS Consortium Sdn Bhd, has been appointed as the main contractor for the first civil works package of the Penang Light Rail Transit (LRT) Mutiara Line. The...

Malaysia’s Property Market Set for Strong Growth in 2025: Experts Highlight Key Drivers

"Malaysia's property market is set for robust growth in 2025, driven by infrastructure projects like the RTS Link and Johor-Singapore SEZ, creating hotspots and boosting investments." Kuala Lumpur, 13th Jan 2025, 01.30pm - The Malaysian property market is poised for significant growth in 2025, driven by positive buyer sentiment, robust economic fundamentals, and the catalytic effects of upcoming...

Sime Darby Property Acquires RM232 Million Logistics Warehouses in Bandar Bukit Raja

"Sime Darby Property fully acquires two logistics warehouses in Bandar Bukit Raja, Selangor, for RM232 million, strengthening its industrial portfolio with assets totaling 700,000 sq ft of net lettable space." Kuala Lumpur, 09th Jan 2025, 12.23pm - Sime Darby Property Bhd has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor, for RM232 million, consolidating...

Annum Bhd Appoints New Auditor Amid PN17 Regularisation Efforts

"Annum Bhd appoints LTTH PLT as its new auditor amid ongoing PN17 regularisation efforts. The move follows challenges with previous auditors and delays in financial reporting." Kuala Lumpur, 09th Jan 2025, 12.23pm - Practice Note 17 (PN17) company Annum Bhd has appointed Messrs LTTH PLT as its new auditor, effective Wednesday. The firm will serve until the conclusion of Annum's next annual general...

Johor-Singapore Special Economic Zone to Drive Jobs and Growth, Say Economists

"Economists highlight the Johor-Singapore Special Economic Zone's (JS-SEZ) potential to boost jobs and growth, stressing the need for tax incentives, infrastructure upgrades, and investor-friendly policies to attract investments." Kuala Lumpur, 08th Jan 2025, 01.25pm - The Johor-Singapore Special Economic Zone (JS-SEZ) is set to boost employment and economic activity in Johor, but economists emphasize...

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