Bank Negara Malaysia (BNM) has reduced the Overnight Policy Rate (OPR) by 25 basis points to 2.75%, marking its first rate cut in over a year. The central bank said the move is a proactive measure to support the country’s economic growth amid external uncertainties and moderate inflation. Following the ... Read More

SkyWorld Development Bhd is set to expand its footprint in Penang with the acquisition of a 25.9-acre land parcel in Batu Kawan for RM48.51 million. The land, known as Parcel 1, is part of a 161.5-acre site in Bandar Cassia, Seberang Perai Selatan, earmarked for the development of Rumah Bakat ... Read More

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More

The proposed reclamation and landfill rehabilitation project in Jelutong, near Karpal Singh Drive, is still pending approval from the Environmental Impact Assessment (EIA), Chief Minister Chow Kon Yeow confirmed yesterday. Speaking at the groundbreaking ceremony of the Batu Kawan Public Market, Chow stated that the public feedback period for the ... Read More

The upcoming construction of the Bandar Cassia Public Market and Hawker Complex is set to bring a wave of socioeconomic benefits and new business opportunities for the local community in Batu Kawan. Chief Minister Chow Kon Yeow announced that the project, which spans 7.69 acres of land owned by the ... Read More

Get your own Jellycat-inspired Dou Dou Plushie at PICC! Only for 2 days only this July — blink and you'll miss it! Jellycat-inspired Plushie Pop-up Party Date: 5 July 2025 (Sat) & 6 July 2025 (Sun) Time: 11am - 5pm Venue: PICC Sales Gallery, Penang What to expect at this ... Read More

The second phase of the road widening and upgrading project along Jalan Tok Kangar is now underway, with completion targeted for 14 October 2026. According to Penang State Executive Councillor for Infrastructure, Transport and Digital, Zairil Khir Johari, the new completion contractor, Igneus Setia Sdn. Bhd., has been given 18 ... Read More

Housing experts in Malaysia are urging the government to implement a vacancy tax to curb the rising number of vacant and unsold homes, and to stabilise property prices by deterring speculation. According to a report by FMT, many so-called “affordable” housing units are being held vacant by owners or investors, ... Read More

More than 70,000 property owners here have defaulted on their parcel rent payments, with arrears totalling some RM12.5mil since 2019. The Penang Land and Mines Office (PTG) recently revealed that these homeowners risk losing their strata parcels due to unpaid arrears as of June 1. PTG director Dr Faizal Kamarudin ... Read More

Penang welcomed a significant milestone in its industrial growth yesterday as battery manufacturer INV New Material Technology (M) Sdn Bhd officially launched its first manufacturing facility at the Penang Technology Park@Bertam, Kepala Batas. The Malaysian subsidiary of Shenzhen-based Senior Technology Material Co Ltd—renowned for its expertise in lithium-ion battery separator ... Read More