"Sarawak seeks federal clarification on the delegation of authority for the MM2H program, with a meeting scheduled to discuss details soon." Kuching, 27th June 2024, 13.00pm - Sarawak is requesting clarification from the federal government regarding the delegation of authority for the Malaysia My Second Home (MM2H) program. State Tourism, Creative Industry, and Performing Arts Minister Datuk Seri...
"Yeow Seng proposes IOIPG acquire equity in Shenton 101 based on actual investment costs to resolve potential conflicts. IOIPG shares drop to RM2.25." Kuala Lumpur, 26th June 2024, 13.39pm - IOI Properties Group Bhd has received a proposal from its CEO and major shareholder, Lee Yeow Seng, to participate in the development of Shenton House, a commercial property in Singapore that his private company...
"Kelantan's ECRL project is 79.81% complete, with unique cultural designs for the Kota Bharu station. Expected operational start in January 2027." Kelantan, 25th June 2024, 13.08pm -The construction of the East Coast Railway Link (ECRL) in Kelantan, spanning 43 kilometers, has achieved a 79.81% progress as of last month, according to Malaysia Rail Link Sdn Bhd (MRL) CEO Datuk Seri Darwis Abdul...
"Unisem buys 38 plots (1.88 million sq ft) behind its Gopeng facility for RM30.14 million to expand semiconductor operations, adding parking and employee hostels." Kuala Lumpur, 24th June 2024, 12.15pm - Unisem (M) Bhd is acquiring 38 parcels of land in Gopeng, Perak for RM30.14 million in cash to expand its semiconductor packaging and testing facilities. The plots, totaling 1.88 million sq ft, are...
"Embassy Gardens led sales with RM166 million, followed by Wardian at RM153 million and Millbrook Park at RM41 million." Kuala Lumpur, 21th June 2024, 15.15pm - Maybank Investment Bank has reaffirmed its “buy” rating on Gamuda Bhd (KL) at RM6.44, adjusting the company's FY2024E earnings by -5%, FY2025E earnings by +2%, and FY2026E earnings by +3%. The bank also increased Gamuda's realised net asset...
"Embassy Gardens led sales with RM166 million, followed by Wardian at RM153 million and Millbrook Park at RM41 million." Kuala Lumpur, 20th June 2024, 12.35pm - EcoWorld International has recorded RM433 million in sales and an additional RM85 million in reserves, totaling RM518 million over the first seven months of FY2024. The largest contributor was Embassy Gardens with RM166 million in sales,...
"The report highlights Malaysia's rising buying power and growing interest in international property investments." Melaka, 19th June 2024, 14.35pm - According to the Asia-Pacific Cross-Border Residential Property Buying Trends Report for Q1 2024, released by Juwai IQI Holdings on Tuesday, Malaysia has ranked as the third highest country in Asia for outbound cross-border property investment, following...
"Fan chose Melaka as her travel destination due to the long historical ties between Melaka and China, fostering cultural connection and familiarity." Melaka, 18th June 2024, 12.05pm - Melaka Friendship Tourism Ambassador 2024, Fan Bingbing, expressed that her new role comes with significant responsibility and good fortune. Fan highlighted Melaka's distinctiveness as a tourist destination, setting it...
""Platinum" MM2H participants must hold RM5 million in a fixed deposit account under new MOTAC conditions, with specific withdrawal options for property, healthcare, and travel." Kuala Lumpur, 17th June 2024, 12.00pm - The Tourism, Arts and Culture Ministry (MOTAC) officially announced new conditions for the Malaysia My Second Home (MM2H) programme yesterday. Notably, the ministry will discontinue...
"MRT Corp announced that the Wadi Hana maintenance depot in Johor Bahru is 82.14% complete, with progress in track, architectural, mechanical, electrical, and external works." Johor, 13th June 2024 - As of May 31, the Rapid Transit System (RTS) Link project between Johor Bahru and Singapore is 77.61% complete, reports Mass Rapid Transit Corp Sdn Bhd (MRT Corp). If progress continues as expected, RTS...
