Prime Minister Datuk Seri Anwar Ibrahim has underscored the significance of the Johor-Singapore Special Economic Zone (JS-SEZ), describing it as an extraordinary model of cross-border cooperation that sets a new benchmark for bilateral economic collaboration.
Noteworthy:
When: January 2025
The tension between the great powers, China and the US, has caused some jitters in the global market, but it has also inadvertently benefitted some countries in Southeast Asia, as multinational companies flee from the two contending countries to seek more stable land sets as their new business centres in the region.
In total, 12,498 residential units were launched in 1Q2025 across the nation, with 1,351 (10.8%) of units sold.
The expanded SST may raise tenants’ operating costs and limit REITs' rental reversion, said CIMB Securities.
The investment bank said property sales are generally stronger, which should underpin earnings growth going forward.
They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".
Residential properties sold under the Housing Development Act (HDA) will be exempted from the update sales and services tax (SST), following concerns from the construction industry over rising costs.
The National Institute of Occupational Safety and Health (Niosh) has urged for improved safety measures at construction sites following the discovery of a British traveller’s body at a site in Bangsar recently.
The Malaysia Shopping Malls Association (PPK Malaysia), which represents shopping mall operators across the country, is calling for a deferment of the government's decision to expand the sales and service tax (SST) to include rental and leasing services, construction and beauty services, until after Visit Malaysia Year 2026, and to take a staggered approach to it thereafter.
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