BusinessToday's Trending Stories
Malaysia Anticipates Surge In Hotel Prices Following SST Increment
Hotel prices in Malaysia are expected to witness a surge ranging from 10 per cent to 30 per cent, following the recent increment in the Sales and Services Tax (SST) to 8 per cent, effective from March. Malaysian Hotel Association (MAH) president Datin Christina Toh revealed this information, emphasising that despite the increase, Malaysia continues to offer some of the most competitive hotel room rates in the Southeast Asian region.
Read the full article here.
New King Could Boost Johor’s GDP By 3% By 2029
Property research group, Juwai IQI has marked the recent ascension of His Majesty the 17th Yang di- Pertuan Agong of Malaysia, His Majesty Sultan Ibrahim as a new chapter for the Johor real estate market and could make the state’s GDP 3% bigger by 2029.
Read the full article here.
Dr. Irmohizam Ibrahim, First Malaysian Member To Be Elected To Global WTCA Board
Dato’ Sri Dr. Irmohizam Ibrahim has been elected as the first Malaysian member to the prestigious global World Trade Centers Association (WTCA) Board. The announcement was made on February 5, 2024, by Jan Ethu and John E. Drew, Chair of the Board of Directors of WTCA, marking a significant achievement for Malaysia on the international stage.
Read the full article here.
Ekovest Gets Approval From EPF For Exit Plan In DUKE Highway Deal
Konsortium Lebuhraya Utara-Timur KL Sdn Bhd (Kesturi) a subsidiary of Ekovest has obtained shareholders approval to extend the exit period under the agreement with EPF to 1 year with an automatic extension for another year to 12 February 2026.
Read the full article here.
What’s Next For Gamuda? Data Centre Projects
RHB said it recently visited Gamuda’s industrial building system (IBS) plant located in Banting and came away feeling upbeat on the prospects the group has for its IBS products. The house views its IBS capabilities may position the group to capture data centre opportunities within the Klang Valley with Tenaga Nasional’s Green Lane Pathway, facilitating a smoother and faster setup of data centres in the country.
Read the full article here.
Awantec Secures RM294 Million Deal From RedTone For The MyGovUC 3.0
AwanBiru Technology Berhad has officially entered into a service agreement with Redtone Engineering & Network Services Sdn Bhd (Redtone) as the sole Managed Service Provider (MSP) for Google Cloud in Malaysia under the government’s Cloud Framework Agreement (CFA).
Read the full article here.
Relooking at online threats and abuses
By: Prof. Ts. Dr. Manjit Singh Sidhu, Professor at the College of Computing and Informatics, Universiti Tenaga Nasional (UNITEN), Fellow of the British Computer Society, Chartered IT Professional, Fellow of the Malaysian Scientific Association, Senior IEEE member and Professional Technologist MBOT Malaysia.
Read the full article here.
Malaysian Bonds Shrink To RM265.3b In January On Foreign Funds Decline
Foreign holdings of Malaysian bonds saw a decline in January 2024, shrinking to RM265.3 billion from RM270.4 billion in December 2023, underscoring shifting sentiments in the bond market.
Read the full article here.
SK Nexilis Malaysia Unit Secures RM2.3 Billion Green Syndicated Loan To Finance Copper Plant In Sabah
SK Nexilis Co. Ltd., the world’s largest copper foil producer, today announced the establishment of its Malaysian subsidiary’s (SK Nexilis Malaysia Sdn Bhd) first green syndicated term loan facility (Green Loan) in Malaysia to finance the construction cost of the company’s first overseas copper foil manufacturing facility in Kota Kinabalu Industrial Park (KKIP), Sabah.
Read the full article here.
Startup Aims To Teach Kids About Financials
Raiz, a licensed Malaysian saving and investing app, has introduced a groundbreaking solution: Raiz Kids. With a mission to foster financial responsibility from a young age, Raiz Kids is designed to equip children with essential money management skills through hands-on learning.
Read the full article here.