News about Malaysia

The transaction, announced by Genting Malaysia on Friday via a bourse filing, will result in Empire Resorts becoming an indirect wholly owned subsidiary of Genting Malaysia, via Genting ER Ltd.

At present, the company is focusing on asset rejuvenation — including upgrading and refurbishing its properties — in an effort to attract more tenants.

“Continued observations of preferences for more flexible tenancy contracts and hybrid work arrangements suggest adjustments in supply still have some way to go.

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“Approvals under the previous policy stand at 57,686, comprising 28,209 principals and 29,477 dependents.

Sim Leisure announced on Dec 19 that it had received a notice of termination over the project.

When the three properties are fully leased, CLMT is expected to generate an annual gross rent of RM5.

“This isn't just about celebrating, but it is about inspiring the next generation to pursue careers in our field, and highlighting the vital role we play in shaping a future that blends art, technology and sustainability.

Batu district, well known for affluent neighbourhoods such as Mont’Kiara and Desa Park City, emerged as a top performer, particularly within the serviced apartment segment.