IN THE NEWS

RM153.2 MILLION ALLOCATED FOR SOUTHERN KELANTAN DEVELOPMENT The Edge, 16/3/2024 The Madani government has allocated RM153.2 million for development in the southern region of Kelantan under the 12th Malaysia Plan. The government through the Southern Kelantan Development Authority (Kesedar) had approved an allocation of RM43.67 million in 2024 for various development projects, including public facilities…

  SECTION 11 OF WEST COAST EXPRESSWAY NOW OPEN, TOLL-FREE FOR TWO MONTHS The Edge, The Star, & The Sun, 12/03/2024 Motorists using the West Coast Expressway (WCE) between Taiping Selatan and Beruas elevated interchanges will enjoy free toll when they pass through the Section 11 toll plaza from 14th March 2024 until 11th May 2024….

  PROPERTY SALES HIT FRESH RECORD RM196.8 BIL IN 2023; JOHOR SEES HIGHEST PRICE RISE The Edge & NST, 06/03/2024 In 2023, Malaysia’s property transaction value reached a record high of RM196.83 billion, marking a 9.91% year-on-year increase. Although the number of transactions saw a modest 2.54% rise, with the majority coming from the residential…

  OVER 85% OF APPROVED MANUFACTURING PROJECTS IMPLEMENTED NST, 24/2/2024 More than 85% of the manufacturing projects approved in 2021-2023 have been implemented to date. A total of 2,386 manufacturing projects were approved during that period, and generally these projects would require 18 to 24 months to be completed, depending on their complexity. The total…

  MALAYSIA’S TOTAL TRADE IN JANUARY 2024 REBOUNDS BY 13.3% Y-O-Y TO RM234.73 BIL – MITI The Edge, 20/02/2024  In January 2024, Malaysia experienced a significant rebound in total trade, marking a double-digit expansion of 13.3% year-on-year to RM234.73 billion, following ten consecutive months of contraction. The Ministry of Investment, Trade and Industry reported that…

  DOSM: UNEMPLOYED PERSONS DROPPED TO 567,800 INDIVIDUALS IN DECEMBER 2023 The Edge, 10/102/2024 The number of unemployed persons in December 2023 reduced to 567,800 individuals (November 2023: 569,000 unemployed), with an unemployment rate of 3.3%, according to the latest Labour Force statistics from the Department of Statistics Malaysia (DOSM).  The labour force in December…

  HOUSING DEVELOPERS IN MELAKA REQUIRED TO BUILD LOW, MEDIUM-LOW COST HOUSES IN PROJECTS The Edge, 06/02/2024 All housing developers in Melaka, especially those involved in the construction of new projects, are required to have low- and medium-low-cost houses in their projects. This new requirement is made to ensure those in the B40 group are not…

  YNH PROPERTY PLANS TO SELL 163 RETAIL PARK TO SUNWAY REIT FOR RM215 MILLION CASH The Edge, 29/01/2024 & The Star, 30/01/2024 YNH Property Bhd plans to sell its Mont Kiara shopping mall, 163 Retail Park, to Sunway Real Estate Investment Trust (Sunway REIT) for RM215 million in cash. The sale is part of…

  DOSM: INFLATION STAYED AT 1.5% IN DECEMBER 2023 The Star, The Edge, The Sun & NST, 23/01/2024 Malaysia’s headline inflation rate remained at 1.5% in December 2023, with the consumer price index recorded at 131.2 points versus 129.2 in 2022, according to the Department of Statistics Malaysia (DOSM). There were lower increases in the restaurants and hotels group…

  RM27 BILLION FROM RUBBER EXPORTS IN 2023 The Edge, 18/1/2024 & The Sun, 19/1/2024  Malaysia earned RM27.16 billion from rubber exports in 2023, with 70%, or RM19.04 billion coming from rubber gloves. Malaysian rubber goods are exported to over 190 countries, with the United States (29%) and the European Union (19%) as the top…

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