Latest news with #TunRazakExchange
The Sun
24-05-2025
- Business
- The Sun
M'sian stunned by RM26 broccoli at TRX, netizens not surprised
A Malaysian diner was left questioning the value of his meal after being charged RM26 for a small plate of broccoli at a restaurant in the Tun Razak Exchange (TRX) mall. In a post on Xiaohongshu, the man shared that he had ordered a plate of broccoli, three lamb skewers, and a bowl of ramen. When the broccoli arrived, he was surprised by the modest portion—about 10 to 15 stalks served on a single plate. ALSO READ: Popiah seller calls out those complaining about pricing, citing rising costs He revealed the cost for the broccoli was RM26, excluding taxes, prompting him to wonder if this was a common price for such a dish at a ramen shop. 'Is this really the standard portion and price for a ramen shop? I was left deep in thought. At that moment, I seriously reflected on myself and came to the conclusion that maybe I'm just too poor,' he wrote. Adding to his frustration, the lamb skewers took nearly 30 minutes to arrive despite the restaurant not being busy at the time. By the end of his meal, the total bill came up to RM85.85 after taxes were included. The post attracted various reactions online, with some netizens equally stunned by the broccoli's price and portion, while others seemed less surprised. One user pointed out: 'You are eating 'imported Chinese broccoli' in a 'Chinese Ramen restaurant' in a 'high-end shopping mall' in a 'first-tier city' in Malaysia.' Another wrote, 'You are at the high-end TRX. I don't think it's surprising, but it's too plain. At least add some carrots or something.'
The Sun
24-05-2025
- Business
- The Sun
'Maybe I'm too poor': M'sian stunned by RM26 broccoli at TRX, netizens not surprised
A Malaysian diner was left questioning the value of his meal after being charged RM26 for a small plate of broccoli at a restaurant in the Tun Razak Exchange (TRX) mall. In a post on Xiaohongshu, the man shared that he had ordered a plate of broccoli, three lamb skewers, and a bowl of ramen. When the broccoli arrived, he was surprised by the modest portion—about 10 to 15 stalks served on a single plate. ALSO READ: Popiah seller calls out those complaining about pricing, citing rising costs He revealed the cost for the broccoli was RM26, excluding taxes, prompting him to wonder if this was a common price for such a dish at a ramen shop. 'Is this really the standard portion and price for a ramen shop? I was left deep in thought. At that moment, I seriously reflected on myself and came to the conclusion that maybe I'm just too poor,' he wrote. Adding to his frustration, the lamb skewers took nearly 30 minutes to arrive despite the restaurant not being busy at the time. By the end of his meal, the total bill came up to RM85.85 after taxes were included. The post attracted various reactions online, with some netizens equally stunned by the broccoli's price and portion, while others seemed less surprised. One user pointed out: 'You are eating 'imported Chinese broccoli' in a 'Chinese Ramen restaurant' in a 'high-end shopping mall' in a 'first-tier city' in Malaysia.' Another wrote, 'You are at the high-end TRX. I don't think it's surprising, but it's too plain. At least add some carrots or something.'
The Sun
03-05-2025
- Business
- The Sun
Malaysia hotspot for rich property investors from China
PETALING JAYA: Malaysia's luxury property market is attracting interest from Chinese high-net-worth individuals, with momentum expected to accelerate into 2025 and beyond. The country now ranks fourth, behind Thailand, Australia and Canada, as a major destination for affluent Chinese buyers seeking upscale homes priced from RM22 million and above. Universiti Teknologi Malaysia Property Economics and Finance associate professor Dr Muhammad Najib Razali said Malaysia's solid economic fundamentals, including steady GDP growth, robust domestic consumption and a dynamic services sector, make it an increasingly appealing investment haven. 'Infrastructure development is another major driver supporting the optimistic outlook. Projects like the Tun Razak Exchange, set to be Southeast Asia's next financial hub, and ongoing upgrades to transport networks and urban amenities are transforming Kuala Lumpur into a more competitive global city.' He said the proposed high-speed rail link to Singapore, once finalised, would significantly enhance regional integration and boost demand in Kuala Lumpur and southern Johor. Muhammad Najib said Malaysia's luxury real estate offers some of the best value in Asia. 'In Kuala Lumpur, luxury condos average between RM1,900 and RM3,800 per sq ft, with the most premium developments reaching RM5,700, still considerably lower than in cities like Singapore or Hong Kong.' For example, RM4.75 million can secure a 1,500 to 2,000sq ft property in Kuala Lumpur as opposed to a 400 to 500sq ft one in Hong Kong. He said the country's strong education sector is another major pull factor. 'With over 44,000 Chinese students currently enrolled in Malaysian institutions, families often invest in property near education hubs such as Mont Kiara and Subang Jaya. 'These buyers see real estate not only as housing but also as a long-term asset tied to accessible, globally-recognised education.' He said demand is particularly high in prime locations such as Kuala Lumpur City Centre, Bangsar, Bukit Damansara and Kenny Hills where luxury condos, villas and gated communities match the expectations of international buyers. Muhammad Najib said property agents specialising in the luxury segment have reported not only rising enquiry volumes but also higher conversion rates, with more enquiries turning into purchases. 'In fact, we're seeing group viewings, multiple families or investor circles travelling together, making swift decisions when properties tick all the boxes.' High-rise condominiums and serviced residences have emerged as firm favourites among wealthy Chinese. He said while Kuala Lumpur remains the primary focus, interest is also growing in Johor Bahru, especially in large-scale projects like Forest City. 'They view Malaysia's luxury property market as a 'buy low now, appreciate later' opportunity. The country's global profile is rising with megaprojects, and the value proposition here is hard to beat compared with other Asian cities.' He said government incentives have also helped fuel interest, particularly the Malaysia My Second Home (MM2H) programme, which despite tighter conditions, continues to offer long-term residency. 'Malaysia's property ownership laws are relatively foreigner-friendly. Freehold titles are available in many projects, unlike in Thailand or Indonesia, where rules are more restrictive. 'Although the revised MM2H requirements, such as a RM40,000 monthly income and RM1 million fixed deposit, initially deterred some, they've since positioned Malaysia as a premium option for serious investors seeking a stable second home.'
South China Morning Post
18-03-2025
- Business
- South China Morning Post
Why is Malaysia's 1MDB scandal still casting a long shadow over its economy?
Seventy per cent of the US$10 billion stolen from Malaysia in the 1MDB corruption scandal has been recovered by Malaysia, the country's anti-corruption agency announced on Monday, following the return of US$3.2 million in assets from associates of Jho Low, the scheme's larger-than-life alleged mastermind. Advertisement Nearly seven years after the scandal unravelled with Low's co-conspirator and former Prime Minister Najib Razak losing in the 2018 election, Malaysia is still seeking to recover its stolen assets linked to the sovereign wealth fund. Authorities say the nation faces formidable legal and financial hurdles as it hunts down the balance of pilfered funds to settle 1MDB-linked repayments, which the country is burdened with until 2039. The 1MDB logo on a billboard at the funds flagship Tun Razak Exchange under-development site in Kuala Lumpur in 2015. Photo: AFP Background What began as a government initiative to drive economic development through global partnerships became one of the largest financial frauds in history. Instead of boosting investment in Malaysia, 1MDB turned into a conduit for massive corruption and money laundering, with over 42 billion ringgit (US$9.45 billion) siphoned off. Among the most extravagant purchases was a US$250 million 300-foot yacht Equanimity for Malaysian businessman Jho Low's personal use. Seized in Indonesian waters and later sold to recoup losses, it became a symbol of the scandal's excesses. Even more audacious was the use of stolen 1MDB funds to finance The Wolf of Wall Street, American director Martin Scorsese's film about financial fraud and corporate greed. Low's lavish spending extended to giving diamond jewellery to Australian model Miranda Kerr and organising extravagant parties attended by celebrities, including American socialite Paris Hilton. Advertisement In June 2024, he and his family returned US$100 million worth of artwork – including pieces by famous artists Andy Warhol and Claude Monet – along with a luxury apartment in Paris as part of a settlement with US authorities. The assets were liquidated and repatriated to Malaysia.
South China Morning Post
18-03-2025
- Business
- South China Morning Post
Why is Malaysia's 1MDB scandal still casting long shadow over its economy?
Seventy per cent of the US$10 billion stolen from Malaysia in the 1MDB corruption scandal has been recovered by Malaysia, the country's anti-corruption agency announced on Monday, following the return of US$3.2 million in assets from associates of Jho Low, the scheme's larger-than-life alleged mastermind. Advertisement Nearly seven years after the scandal unravelled with Low's co-conspirator and former Prime Minister Najib Razak losing in the 2018 election, Malaysia is still seeking to recover its stolen assets linked to the sovereign wealth fund. Authorities say the nation faces formidable legal and financial hurdles as it hunts down the balance of pilfered funds to settle 1MDB-linked repayments, which the country is burdened with until 2039. The 1MDB logo on a billboard at the funds flagship Tun Razak Exchange under-development site in Kuala Lumpur in 2015. Photo: AFP Background What began as a government initiative to drive economic development through global partnerships became one of the largest financial frauds in history. Instead of boosting investment in Malaysia, 1MDB became a conduit for massive corruption and money laundering, with over 42 billion ringgit (US$9.45 billion) siphoned off. Among the most extravagant purchases was a US$250 million 300-foot yacht Equanimity for Jho Low's personal use. Seized in Indonesian waters and later sold to recoup losses, it became a symbol of the scandal's excesses. Even more audacious was the use of stolen 1MDB funds to finance The Wolf of Wall Street, Martin Scorsese's film about financial fraud and corporate greed. Low's lavish spending extended to giving diamond jewellery to Australian model Miranda Kerr and organising extravagant parties attended by celebrities, including American socialite Paris Hilton. Advertisement In June 2024, he and his family returned US$100 million worth of artwork – including pieces by famous artists Andy Warhol and Claude Monet – along with a luxury apartment in Paris as part of a settlement with US authorities. The assets were liquidated and repatriated to Malaysia.
