News about Malaysia

With a slew of mega projects scheduled to transform the Kuala Lumpur skyline, the capital city will soon be in a construction boom.

KUALA LUMPUR (Nov 19): Ikea Malaysia has opened its second store – also its biggest store in the country – at Jalan Cochrane in Cheras today.

WHEN Gabriel Escarrer opened his first hotel in Palma de Mallorca, Spain, in 1956, it was the starting point of Meliá Hotels International’s growth.

THE extraordinary boom in the property market in Malaysia is ending but high house prices and the middle-class obsession with home ownership are likely to persist for a long time to come.

IPOH (Nov 17): The state government must explain why the Perak Umno building is able to sit on prime land by paying only a nominal premium charge of RM100 per lot, says Canning assemblyman Wong Kah Woh.

KUALA LUMPUR (Nov 17): The government will sign the concession agreement for the East Coast Expressway Phase 2 (LPT2) by the end of this year, said Deputy Works Minister Datuk Rosnah Abdul Rashid Shirlin (pictured).

IS Education@Iskandar, otherwise known as EduCity, living up to its promise? It started with a bang in 2012 when the first buildings were completed and a few of the educational institutions opened their doors to students.

KUALA LUMPUR (Nov 16): The Ministry of Finance said in the Economic Report 2015/16 that household debt rose to 88.

KUALA LUMPUR (Nov 13): A third party not linked to or authorised by 1Malaysia Development Bhd (1MDB) and the government, is purporting to be the project manager for Bandar Malaysia and Tun Razak Exchange (TRX) developments.

KUALA LUMPUR (Nov 13): The race to pick up a 60% stake in 1Malaysia Development Bhd’s (1MDB) prized project Bandar Malaysia is down to two bidders, one of which is said to be a consortium led by a China-based company in a tie-up with tycoon Tan Sri Lim Kang Hoo and several other local developers.