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The Merdeka Award is back to honour and celebrate Malaysia's most innovative and extraordinary minds for the advancement of the country and society, with the focus this year being the Merdeka Award Grant for International Attachment. First introduced in 2012 as a complementary extension to the Merdeka Award, this grant aims to encourage deserving young Malaysians to become leaders of the next generation in their respective fields, the Merdeka Award Trust (MAT) said in a statement.

Shophouses have always had a cool factor about them. But these icons of Southeast Asian architecture are now sought-after by local and foreign investors alike for reasons beyond that

When you think of Singapore, the things that come to mind immediately are its multi-cultural cuisine, swanky malls and high-rise residences. Amidst these, and in complete contrast, are its bold, bright and ornate shophouses. As the name suggests, these often two- to three-level buildings, have shops on the lower levels and residences above—they used to house the merchants and owners of these shops in the 19th century. They are an integral part of Singapore’s heritage, and for years now locals and foreign investors have been vying for a piece of that pie.  The facade of the Shang House, a...

According to Knight Frank’s Wealth Report 2021, the number of Ultra High Net Worth Individuals—with a net worth of US$30 million inclusive of their primary residence—in 2020 went up by 10.2 per cent from 2019 despite the pandemic-led recession. “Besides other luxury properties in Singapore, shophouses also provide a draw for such investors looking into niche commercial space with cultural character,” says Sai.    The number is steadily rising, notes Clive Chng, associate director of Red Brick Mortgage Advisory. In 2020 amidst the pandemic, 135 shophouses were sold, which ...

KUALA LUMPUR (Bernama) -- Malaysian banks' asset quality recovery is expected to be protracted beyond this year and is looking at returning to pre-COVID levels by 2023, said S&P Global Ratings. South and Southeast Asia (SSEA) Financial Services Ratings director, Ivan Tan said this was because of the delayed economic recovery due to the third wave of COVID-19 which had negatively impacted the banks. "Another factor is that the proportion of loans under moratorium or restructured loans remain high, about 20 per cent in Malaysia and also Indonesia. "This also means there will be a delayed recogn...