News by M

Several electric vehicle (EV) companies from China such as Zeekr, XPeng and MG Motor have planned to start local assembly activities in 2026 following the expiration of the tax relaxation and incentives for imported completely built-up (CBU) EVs.

IGB Bhd (KL:IGBB) said its proposed RM214.97 million acquisition of two leasehold land parcels in Johor Bahru, undertaken via a joint venture with a Johor state-owned company, has received approval from the Ministry of Economy.

"The methodology adopted raises serious concerns over administrative efficiency, fairness, and long-term fiscal sustainability.” 

The contract was awarded to the company’s unit, Kitacon Sdn Bhd, by Rawang Lakes Sdn Bhd, according to a filing to the stock exchange.

As of September 2025, the Northern Corridor Economic Region (NCER) has realised RM58.39 billion in investments across the region, creating nearly 16,000 job opportunities. Kedah accounts for RM14.94 billion of these realised investments, generating 2,566 jobs to date.

Chief Minister Datuk Seri Ab Rauf Yusoh said the achievement was based on data released by the Ministry of Investment, Trade and Industry (Miti) and the Malaysian Investment Development Authority (Mida), reflecting investors’ confidence in the stability of the state administration and its economic development direction.

According to Malaysian Investment Development Authority (Mida), in 2024, Penang’s E&E sector accounted for 45% (RM7.8 billion) of total approved manufacturing investments, and in 1H2025, it rose to 53% (RM6.6 billion).

Penang is currently focusing on the issue of land acquisition and resettlement of affected residents following the implementation of the Mutiara Line Light Rail Transit (LRT) project.

Johor’s role as Malaysia’s fastest-growing investment corridor is beginning to reshape how property developers deploy capital.

Overall, the semiconductor industry is establishing itself as a vital part of Malaysia’s economy, accounting for about 40% of the country’s E&E exports. Its stability and growth support the overall national economic momentum, which in turn underpins a more resilient property market, particularly the industrial segment.