News about Malaysia

KUALA LUMPUR (July 27): Malaysia and Indonesia will explore tourism synergies together as the latter moots the restoration of international collaborations within the ASEAN region to revive the sector.

  PETALING JAYA (July 27): The number of unemployed graduates in Malaysia rose 22.

KUALA LUMPUR (July 26): IGB Real Estate Investment Trust (IGB REIT) saw its net property income (NPI) rose by 69% to RM63.

KUALA LUMPUR (July 23): CapitaLand Malaysia Mall Trust's (CMMT) net property income (NPI) in the second quarter ended June 30, 2021 (2QFY21) rose 36.

KUALA LUMPUR (July 19): More dates have been fixed next year for the proceedings of the 1Malaysia Development Bhd (1MDB) audit report tampering trial involving former premier Datuk Seri Najib Razak and former 1Malaysia Development Bhd (1MDB) CEO Arul Kanda Kandasamy.

PETALING JAYA (July 19): Kuala Lumpur high-end condominium market price correction continues due to weaker demand and rental growth remains under pressure due to rising inventory in existing and newly built segments, said Knight Frank Malaysia’s report.

KUALA LUMPUR (July 17): Retail sales have gone from bad to worse, said an industry expert.

KUALA LUMPUR (July 15): Ekovest Bhd said today it will not proceed with its heads of agreement (HOA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy into the Bandar Malaysia project, following the lapse of Putrajaya's RM7.

KUALA LUMPUR (July 15): Share prices of Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, both of which are linked to businessman Tan Sri Lim Kang Hoo (pictured), fell in Bursa Malaysia morning trade today after IWCity’s major shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH) said yesterday the share sale agreement for the planned acquisition of a 60% stake in Bandar Malaysia Sdn Bhd by IWH’s joint venture (JV) had lapsed on May 6, 2021.

KUALA LUMPUR (JULY 14): The plan to revive Bandar Malaysia (pictured) has been discontinued as the Restated and Amended Share Sale Agreement (RASSA) for the acquisition of 60% shares in Bandar Malaysia Sdn Bhd (BMSB) has lapsed on May 6, 2021.