News about Southeast Asia

KUALA LUMPUR (Nov 26): Airbnb has recorded a 99% increase in guest arrivals in Malaysia to two million as at July 2018, making the country the fastest growing in Southeast Asia for the platform.

KUALA LUMPUR (Nov 22): The joint venture (JV) between Aspen Group and IKEA Southeast Asia has signed a memorandum of understanding (MoU) with Marriott International, appointing Aloft Hotel as the hotel operator in the planned development of Aspen Vision City in Batu Kawan, Penang.

KUALA LUMPUR (Oct 16): The government has freezed issuance of licenses to establish plastic waste recycling factories in Malaysia and banned the import of these materials to ensure existing illegal factories do not continue their operations.

PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.

KUALA LUMPUR (Feb 26): Parkson Holdings Bhd remained in the red for its fourth consecutive quarter, reporting a net loss of RM13.

KUALA LUMPUR (Dec 5): Ireka Corp Bhd rose 3.

KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.

KUALA LUMPUR (Nov 8): RHB Bank Bhd has launched the RHB MyHome App, the first of its kind in Southeast Asia to provide convenience in mortgage applications and documents submission via mobile devices.

KUALA LUMPUR (March 22): Panasonic Malaysia Sdn Bhd has launched the first Home·2·Com Solution Centre in Southeast Asia today.

PETALING JAYA (Jan 25): Vietnam will stand out as a rising star in the Southeast Asia property market with strong demand growth in the office, residential and retail sectors as well as increasing foreign direct investment (FDI) to the country, according to international real estate services firm JLL.