News

ECRL’s First Electric Trains to Arrive by End-2025, Says MRL CEO

"Malaysia’s ECRL project to receive first electric trains by end-2025, with testing to begin in mid-2026 and 109 students sent to China for skills training." Kuala Terengganu, 16th July 2025, 01.26pm - The East Coast Rail Link (ECRL) project will receive its first batch of electric trains by the end of this year, according to Malaysia Rail Link Sdn Bhd (MRL). The delivery will include two sets of...

REHDA Selangor Welcomes SPEED Selangor Initiative to Fast-Track Development Approvals

"REHDA Selangor backs SPEED Selangor, a new state initiative to fast-track development approvals and boost efficiency in the property sector." Kuala Lumpur, 15th July 2025, 10.40am - The Real Estate and Housing Developers’ Association (REHDA) Selangor has voiced strong support for the Selangor government’s upcoming Streamlining Programme for Expedited Approvals and Decisions (SPEED Selangor), an...

Ho Hup Subsidiary Faces Winding-Up Petition by IRB Over RM23.72 Mil Tax Debt

"Ho Hup’s unit Bukit Jalil Development faces a winding-up petition from IRB over RM23.72 mil in tax arrears; no expected impact on group operations as unit is under liquidation." Kuala Lumpur, 11th July 2025, 01.05pm - Ho Hup Construction Company Bhd announced that its wholly owned subsidiary, Bukit Jalil Development Sdn Bhd (BJD), has been served with a winding-up petition by the Inland Revenue...

Ecobuilt Unit Faces Winding-Up Petition Over RM447,886 Debt Claim

"Ecobuilt’s key unit Rexallent Construction faces winding-up petition over RM447,886 debt. Legal proceedings set for Sept 2025 with minimal financial impact expected." Kuala Lumpur, 10th July 2025, 01.30pm - Ecobuilt Holdings Bhd’s major subsidiary, Rexallent Construction Sdn Bhd (RCSB), has been served with a winding-up petition over an alleged unpaid debt of RM447,886.46, according to the...

Selangor Advances Carey Island Development with New Edu-Tech Park and Food Security Hub

"Selangor signs MOUs with SD Guthrie, IJM, and Yayasan Selangor to develop an edu-tech park and food hub on Carey Island to support the third port plan." Kuala Lumpur, 09th July 2025, 12.30pm - Permodalan Negeri Selangor Bhd (PNSB) has signed memoranda of understanding (MOUs) with three strategic partners — SD Guthrie Bhd, IJM Corporation Bhd, and Yayasan Selangor — to jointly develop an...

Park Hyatt Kuala Lumpur to Open in August Atop Southeast Asia’s Tallest Tower

"Park Hyatt Kuala Lumpur is set to open in August 2025 atop Merdeka 118, the tallest tower in Asia Pacific. The luxury hotel offers panoramic views, premium dining, and marks Hyatt’s continued expansion in Malaysia’s high-end hospitality market." Kuala Lumpur, 08th July 2025, 11.30am - The highly anticipated Park Hyatt Kuala Lumpur is slated to open in August 2025, taking residence on the uppermost...

Eco World International Rebrands to EWI Capital as It Shifts Focus Back to Malaysia

"Eco World International Bhd has rebranded to EWI Capital Bhd as it shifts focus to Malaysia’s property market. Shares will trade under the new name “EWICAP” starting July 7." Kuala Lumpur, 04th July 2025, 12.52pm - Eco World International Bhd has officially rebranded to EWI Capital Bhd, marking a strategic pivot from its overseas focus to domestic real estate development in Malaysia. The...

Tropicana Launches Skypark Kepler, Its First Branded Residences at LIDO Waterfront Johor

"Tropicana launches Skypark Kepler at LIDO Waterfront in Johor, its first branded residence with Banyan Group. Premium units from RM580,000, featuring 5G, EV charging, and green tech." Kuala Lumpur, 03rd July 2025, 02.20pm - Tropicana Corporation Bhd officially unveiled Skypark Kepler, its first-ever branded residential development, at a launch ceremony held Wednesday at LIDO Waterfront Boulevard...

KLIA’s Upgraded Aerotrain Now Fully Operational After RM456 Million Overhaul

"KLIA’s upgraded aerotrain resumes full operations after a RM456 million revamp, boosting speed, comfort, and readiness for Visit Malaysia Year 2026, says Prime Minister Anwar Ibrahim." Kuala Lumpur, 02nd July 2025, 02.37pm - Prime Minister Datuk Seri Anwar Ibrahim praised the newly upgraded KLIA Aerotrain as "good… faster than before" following a test ride during a site visit at Terminal 1 of...

Vacancy Tax, Custom Mortgages Urged to Solve Malaysia’s Affordable Housing Crisis

"Malaysia should introduce a vacancy tax, flexible mortgages, and better housing data to curb property overhang and improve home affordability for B40 and M40 groups, says Dr Najib Razali." Kuala Lumpur, 01st July 2025, 10.20am - Malaysia must implement bold structural reforms such as a vacancy tax and targeted home financing solutions to resolve its persistent property overhang and improve housing...

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