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...

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...

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...

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...

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...

According to Napic, a total of 127,604 units were launched in the first quarter of this year, compared with 120,309 units in the previous corresponding period. However, the level of unsold units was lower at 29,698 in the first quarter of 2020, compared with 32,936...

KUALA LUMPUR: While business has been impacted by the ongoing pandemic, IOI PROPERTIES GROUP BHD expects property sales to pick up post-conditional movement control order (CMCO). The property developer said in a filing with Bursa Malaysia that its third quarter...

KUALA LUMPUR (May 30): In line with the reopening of the economy which saw nearly 70% of the workforce returning to work in various sectors, Malaysia has the capacity that is set to spur an economic recovery in 2021, Finance Minister Tengku Datuk Seri Zafrul Tengku...

Sunway Onsen Suites is located within Sunway City Ipoh, Perak’s largest integrated township that spans 1,346 acres. The development offers spectacular views of The Lost World of Tambun theme park, lush green limestone hills and the city. It is the first serviced...

In the Raya spirit: Elyani Sobri, 35, video calling her daughter to show a baju kurung at a shopping centre in Petaling Jaya. — Sia Hong Kiau/The Star PETALING JAYA: Several malls in the country are seeing a return in shoppers in the lead up to the Hari Raya...