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BNM maintains OPR at 3%

At its meeting today, Bank Negara Malaysia's Monetary Policy Committee (MPC) announced its decision to maintain the Overnight Policy Rate (OPR) at 3.00 percent. This decision comes amidst a backdrop of a moderately expanding global economy supported by domestic demand and improving trade activity. Globally, economic expansion persists, driven by ... Read More
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Penang International Airport Expansion: Tender process set to begin soon

The tender process for the Penang International Airport (PIA) expansion and upgrading works will commence soon following the Federal Government’s approval of the plan recently. Chief Minister Chow Kon Yeow said with the approval from the Cabinet, Malaysia Airports Holdings Bhd (MAHB) could start the tender process for the appointment of ... Read More
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The PropertyGuru Asia Awards Malaysia in partnership with iProperty launch 11th edition with exciting new honours for ESG

Organisers of the PropertyGuru Asia Awards Malaysia in partnership with iProperty today unveiled new dates and details for the programme’s 2024 edition during an exclusive gathering attended by business leaders. Malaysia’s finest development companies and real estate projects are set be honoured at the celebration of the 11th Annual PropertyGuru ... Read More
south-moat-opening-july2024

Fort Cornwallis south moat to open on July 7

The south moat of Fort Cornwallis, currently undergoing renovation, is set to be completed soon and will be open to the public on July 7 this year, Chief Minister Chow Kon Yeow said. He said once the restoration works come to an end, the public will be able to enjoy the ... Read More
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Iconic Harmony

Iconic Harmony, an affordable housing development at Alma in Bukit Mertajam. Undertaken by Iconic Maison Sdn. Bhd, the development will be located near the junction of Jalan Rozhan and Jalan Alma. It is only about 1km away from AEON Mall, with easy access to an abundance of essential amenities within ... Read More
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5.7km bypass on island now 42% complete

The construction of the Package Two bypass connecting Air Itam to the Tun Dr Lim Chong Eu Expressway reached a 42% completion stage in January this year. Penang infrastructure, transport and digital committee chairman Zairil Khir Johari said the RM851.04mil project would reduce the current 40-minute drive between Bandar Baru ... Read More
queens-residences-3-site-progress-mar2024-7

SITE PROGRESS: Queens Residences 3 (Mar 2024)

About Queens Residences 3 The third phase of the Queens Waterfront development by Ideal Property Group (also known as Q3), situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2. The new phase of development will introduce another ... Read More
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Chief Minister foresees bright future for BKIP 3

The Penang Development Corporation will ensure that the development of Batu Kawan Industrial Park 3 (BKIP 3) continues to enhance the state’s reputation as the ‘Silicon Valley of the East,’ says Chief Minister Chow Kon Yeow. During the PDC Chinese New Year 2024 celebration at the PDC Atrium yesterday, Chow, who ... Read More
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Paramount to launch 7 projects in Penang, Kedah and Klang Valley in 2024

Paramount Corp Bhd will launch seven projects (including new phases of existing projects) in 2024 with a projected gross domestic product (GDV) of RM2.4bil at its existing project locations in Penang, Kedah and the Klang Valley. The three largest launches (in GDV) for the financial year ending Dec 31, 2024 ... Read More
penang-international-airport

Green light for Penang International Airport expansion project

The Cabinet has approved the expansion of the Penang International Airport (PIA) which is estimated to cost RM1bil, says Anthony Loke. The Transport Minister said the green light was received during a Cabinet meeting last week. He added that Malaysia Airports Holdings Bhd (MAHB) would be in charge of the ... Read More