IN THE NEWS

The first Chinese primary school has opened in Cyberjaya after the Malaysian Ministry of Education relocated low-enrolment school, SJK(C) Union, from Taiping, Perak. The new school sprawls over 5.9 acres of land, with 32 classrooms. Facilities within the school include a multipurpose hall, basketball and sepak takraw courts, computer and science labs, a library and…

S P Setia Bhd has unveiled its new “Setia EcoHill Welcome Centre” sales gallery, at the new clubhouse within the Setia EcoHill Township in Semenyih. In early 2018, the 360,000 sq. ft. clubhouse referred to as “Club 360”, was completed with a multipurpose hall and F&B components to be used by township residents. (The Edge…

Harvard Business School (HBS) has selected Malaysia (after China and India) as the base for its third overseas campus outside the United States. The Malaysian government and Harvard University’s graduate business school have recently reached a consensus for setting up a campus in Kuala Lumpur. HBS is expected to open a “Harvard Centre” in Malaysia,…

M101 Holdings Sdn Bhd (M101) is collaborating with Hasbro Inc for the world’s first Monopoly-themed hotel located at M101 Bukit Bintang (currently structurally completed) in Kuala Lumpur. Scheduled for opening in 2019, the five-star, 225-room hotel is referred to as the “Monopoly Mansion by Sirocco”. Upon completion, the Monopoly Mansion will be managed and operated…

The Malaysian Government has allocated a sum of RM1 million to develop and boost tourism within new villages in Yong Peng and Ayer Hitam. The government optimistically forecasts a 20% increase in the numbers of tourist arrivals in Yong Peng to 250,000. The government additionally allocated approximately RM9 million to develop Paloh and Bekok in…

Permodalan Nasional Bhd (PNB) is collaborating with Hyatt Hotels & Resorts to bring in the Park Hyatt hotel, to occupy the top 17 floors of the 118-storey tower in 2021. Park Hyatt Kuala Lumpur will feature 232 rooms comprising 28 suites, 30 serviced apartments and approximately 20,000 sq. ft. of meeting space for conferences and…

French carmaker, Peugeot Société Anonyme (PSA), and Malaysian company, Naza Corp, have signed a deal to jointly produce PSA-branded cars for Malaysia and other Asian markets, as Peugeot intends on boosting its presence in the region. Peugeot is taking up a 56% stake in the Naza Automotive Manufacturing plant in Gurun, Kedah, which is expected…

Commencing 2018, Guocoland Malaysia Bhd plans to roll-out approximately RM3.8 billion in new launches over several phases. In 2018 alone, three projects to be introduced include: “Emerald Hills” and “Emerald 9”, both located in Cheras, and a residential project in Rawang. The gross development value for “Emerald Hills” is RM963 million, “Emerald 9” is RM1.5…

Infrastructural works within the Malaysian Vision Valley (MVV) have commenced, after 10 months since the initial signing process of the projects’ memorandum of understanding. Sime Darby Property Bhd (Sime Prop) currently has approximately 3,196 acres of land for the MVV development, with an option to acquire approximately 8,793 acres of additional land from Sime Darby…

Permodalan Nasional Bhd (PNB) optimistically expects its PNB 118 tower to reach 40% completion by the end of 2018. As entire substructure works have concluded, PNB has commenced works on the superstructure. To date, eight of the 118 floors of the tower have been built, with one level expected to be completed every week. (The…

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