News about Forest City

SC said that it is currently working with the relevant stakeholders to operationalise the scheme by the first quarter of 2025.

It said these incentives, which aim to establish Forest City as a hub for family offices, are projected to attract local and international investments, fuelling demand for property and creating job opportunities over the long term.

To attract international capital to Forest City, the government is offering a concessionary corporate tax rate of between 0% and 5%, and a personal income tax rate of 15% for knowledge workers and Malaysians who choose to work there, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

“Major developers remain confident on the long term outlook with Johor continuing to be an important market.

"Genting Malaysia wishes to state that neither the company nor Lim was involved in any such discussions or meetings, and the claims made were untrue," it said in a statement.

In a statement on Sunday, BCorp said it trusts the police will take necessary action in conducting their probe into this matter.

“We would like to make it clear that Tan Sri Vincent Tan Chee Yioun has not participated in any such discussions, and refute the inaccurate claims presented in the article.

Last Friday, Prime Minister Datuk Seri Anwar Ibrahim reportedly said the government's bid to create a special financial zone in Forest City is meant to boost investment, growth and economic activities in Johor.

KUALA LUMPUR (Sept 2): Country Garden Pacificview Sdn Bhd (CGPV) has announced that there has not been any large-scale layoffs in Country Garden’s Malaysia-Singapore Region.

KUALA LUMPUR (Sept 2): Mega China developer Country Garden Holdings has reduced “its workforce and sales team” in Malaysia “by two-thirds over the past two years,” according to a report by the South China Morning Post (SCMP).