Cyberview’s New Master Plan Poised To Revitalise Cyberjaya
KUALA LUMPUR (June 16): The new Cyberjaya Master Plan will focus on forming a holistic technology ecosystem comprising commercial and digital activities. According to Cyberview Sdn Bhd managing director Mohd Najib Ibrahim, the master plan envisions Cyberjaya as being...
Property Market Is Stable Despite Virus Pandemic
MELAKA: The property market here is stable despite the adverse impact of Covid-19, according to the Real Estate and Housing Developers Association (Redha). Its Melaka chapter chairman Datuk Seri Ngoh King Hua said properties in the state were still considered...
Selangor Govt Deferring Land Premium Payments
THE Selangor government is deferring land premium payments for notices which expired between Jan 1 and June 9. In a statement, Selangor Mentri Besar Datuk Seri Amirudin Shari said the deadline has been extended to Sept 30. “For those with 5A and 7G notices that have...
7 Popular States In Malaysia To Invest In Property
As a greater number of foreigners choose to settle down in Malaysia, whether for work or to retire, the question of where money is best spent on property looms large. It is easy to see why foreigners are increasingly choosing to settle down in Malaysia. As gloomy...
Penang Relaxes Rules For Foreigners To Buy Property
GEORGE TOWN: Penang has lowered the threshold for foreigners to buy property by reducing the ceiling prices for foreign purchases by up to 40%. The decision is part of efforts to arrest the overhang in the market due to the Covid-19 pandemic. State executive...
Shot In The Arm For Property Sector
PETALING JAYA: The Real Estate and Housing Developers’ Association (Rehda) has praised the government over its incentives to mitigate the Covid-19 economic fallout. Rehda president Datuk Soam Heng Choon welcomed the announcement, particularly the reintroduction of the...
Malaysia’s FDI rises 3.1% to RM31.7b in 2019, on higher investment from Japan
KUALA LUMPUR (June 11): Foreign direct investment (FDI) into Malaysia has increased 3.1% to RM31.7 billion in 2019, compared with RM30.7 billion in 2018, according to the Department of Statistics Malaysia. The higher FDI was mainly due to injection of equity from...
World Bank: Malaysia’s economic recovery to begin end of 2020
KUALA LUMPUR (Bernama): Malaysia's economy can be expected to be on the recovery path starting from the end of this year and return to growth into 2021, says the World Bank. Its country manager for Malaysia, Dr Firas Raad, said the country needed to continue with its...
‘Penjana initiatives will help boost investors’ confidence’
KUALA LUMPUR: The National Economic Recovery Plan (Penjana), which lays a foundation for financial support and initiatives for the business community, will help improve business sentiment among foreign investors. Asean Chambers of Commerce president Datuk Moehamad...
Malaysia’s First Virtual Mall To Be Launched In 3Q
PETALING JAYA (June 2): Ideal United Bintang International Bhd (IUBIB) aims to launch the 1st Avenue virtual mall in 3Q2020 following the completion of its acquisition of the mall located on Jalan Magazine in Penang. “We target to launch the first virtual mall in...
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