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These lands are strategically located within the proximity of multiple industrial parks and the region’s economic hub of Johor Bahru, being just 18 kilometres (km) away from Senai International Airport with its associated logistics and industrial hubs, and 39km away from Johor Bahru city centre.

The contract is scheduled to commence on Feb 13 and is expected to be completed within 14 months from the commencement date.

Looking ahead, Fitch Solutions expects the fading of base effects and pent-up demand, tighter credit conditions, and a weakening global growth outlook to pose significant growth headwinds.

"The group's plans to expand its New York gaming operations under Genting Malaysia Bhd may affect its credit quality, but such developments, including the timing and funding structure of the investment, ultimately hinge on the awarding of the casino licence, which remains uncertain at this point.

Despite the adoption of MM2H more than two decades ago, it is unfortunate that we have not been able to capitalise sufficiently on our first-mover advantage.

Tan was appointed to the post in June 2021 upon his resignation as group managing director.

“For clarity, neither Datuk Seri Chin, any directors of Ageson, Ageson nor any entities within Ageson are related to the company mentioned in the news, i.

Matang inked an agreement with Star Media’s wholly-owned unit SMG Land Sdn Bhd on Friday (Feb 10), to acquire two units of double-storey semi-detached factory and warehouse annexed with a one-and-a-half-storey office building and other ancillary buildings - which is located within the Star Business Hub, an industrial development project in Bukit Jelutong, Shah Alam.

MM2H consultant, Gary Crestejo: For participants from developed countries, West Malaysia is still a closer match over East Malaysia as the lifestyles of cities like Kuala Lumpur and Penang are more similar to their hometowns, which will be easier to adapt Sunway University economist Dr Yeah Kim Leng said the initiative is laudable as it gives Sabah an edge to attract more MM2H applicants, where a greater number of investors and rich retirees will help to boost the economy.

The project, which is aimed at strengthening and improving rice production in the states, is expected to contribute positively to the Kedah-based developer’s revenue in the financial years ending 2023 and 2024, the group said.