By Joseph Wong Malaysia’s latest Sales and Service Tax (SST) update brings welcome news for renters, first-time buyers and home owners. While the standard SST rate has been raised from 6% to 8% on most services, residential sales and leases remain entirely exempt, a move that industry players say will help keep housing costs stable…
Read MoreKUALA LUMPUR (July 2): Data centres in Malaysia may see their electricity bills rise by up to 15% under the new power tariff structure, analysts said. The power-hungry facilities will be placed under a new “ultra-high voltage” category with average tariffs of about 60 sen per kilowatt-hour, according to the analysts who attended an investor…
Read MoreKUALA LUMPUR (July 1): Stable gas supply have been restored through temporary piping to the Putra Heights houses affected by the April 1 gas pipeline fire, since Tuesday. According to the Department of Occupational Safety and Health (DOSH), a temporary gas pipeline measuring approximately 210 metres in length has been installed to replace the pipe…
Read MoreKUALA LUMPUR (July 1): Petronas Gas Bhd (KL:PETGAS) said the April 1 pipeline explosion incident in Putra Heights, Selangor, is unprecedented in the history of its gas transmission system. As such, it fully recognised the public concerns surrounding the safety of the pipeline system, especially with the continuity of gas flow through the network. In…
Read More“This is not a new Putrajaya or a mega mall project, but one focused on delivering basic facilities to meet the increasing needs of residents.” KUALA LUMPUR (July 1): The Kota Madani development project, designed to be environmentally friendly and equipped with advanced safety features, deserves full support as it seeks to provide essential facilities…
Read MoreLeading loan indicators were also mixed—loan approvals rose, applications moderated and disbursements declined. KUALA LUMPUR (July 1): Bank Negara Malaysia (BNM) is expected to maintain a cautious stance and cut the overnight policy rate (OPR) by 25 basis points in the second half of 2025 (2H2025), Hong Leong Investment Bank Bhd (HLIB) said, citing mixed…
Read MoreThe bid was submitted on June 27 in response to the New York State Gaming Commission’s request for applications for up to three commercial casinos in downstate New York, where its Resorts World New York City (RWNYC) is located, Genting Malaysia said in an exchange filing. KUALA LUMPUR (June 30): Genting Malaysia Bhd (KL:GENM) announced…
Read MorePutra Heights blaze: Weak soil beneath gas pipeline the root cause, no criminal element found While the pipeline met technical specifications, a segment of it was not fully supported by the ground beneath, which was found to be soft and moist. KUALA LUMPUR (June 30): Authorities have identified unstable soil conditions beneath a Petronas gas…
Read MoreKUALA LUMPUR (June 26): I-Bhd (KL:IBHD) has committed RM10 million for intelligent infrastructure pilots across i-City, signalling a deeper push into smart city development as the group continues its strategic shift towards a tech-enabled urban platform. The move, announced at the group’s 2025 annual general meeting, includes the expansion of the i-City SuperApp, which aims…
Read MoreKUALA LUMPUR — Tun Razak Exchange (TRX) will add its 10th commercial building by the second quarter (2Q) of 2029, marking a key milestone in the growth of Kuala Lumpur’s international financial hub. TRX City Sdn Bhd chief executive officer Datuk Azmar Talib said the 39-storey tower is being developed in response to rising demand…
Read More
