Carcosa Seri Negara: The Cost of Memory
When the government announced in Budget 2026 that RM600 million would be spent to restore Carcosa Seri Negara , reactions were swift — admiration from some, disbelief from others. It’s easy to see why. The figure sounds hefty when many Malaysians are struggling with high living costs and public institutions are pleading for funds. Yet dismissing the plan outright risks overlooking what Carcosa represents — a piece of Malaysia’s history slowly fading from memory. So, is the project worth it? That depends on how we define value — and whether Khazanah Nasional , tasked with leading the project, can make the restoration of more than a vanity exercise. Done right, it could deliver more than nostalgia. Restored heritage sites elsewhere have become powerful economic and cultural engines. Singapore’s Raffles Hotel and Bangkok’s Mandarin Oriental attract visitors not just for luxury, but for legacy. Malaysia could do the same — blending heritage, commerce, and storytelling to create a dest...