The over-a-century-old moat of Fort Cornwallis, under the premier historic structure restoration project, is set to be reinstated before it is open to the public in 2025. The moat, on the south and the east, will be restored to its former glory. Chief Minister Chow Kon Yeow said the Fort ... Read More

After more than a decade, the proposed Penang Undersea Tunnel, part of the RM46bil Penang Transport Master Plan, looks to be stalled due to delays in the release of the feasibility study report. According to a news article published by TheStar, State infrastructure and transport committee chairman Zairil Khir Johari ... Read More

Will Bank Negara Malaysia (BNM) keep its overnight policy rate (OPR) at its current level for a longer period? The recent pause in rate hikes by the central bank bodes well for overall housing demand, particularly for affordable to mid-range properties where purchasers are more interest-rate sensitive. According to a ... Read More

Eastern & Oriental Berhad (E&O), the premier lifestyle property developer, has announced that all units at The Meg, its maiden project on Andaman island launched in 2021, has been taken up. On the heels of this overwhelming success, E&O is set to launch Arica, a 380-unit freehold development nestled in ... Read More

About The Meg @ Andaman The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit ... Read More

The Monetary Policy Committee of Bank Negara Malaysia kept the Overnight Policy Rate (OPR) at 2.75 percent. Despite positive developments such as the reopening of China's economy and better-than-expected growth in major economies, the global economy continues to be affected by elevated cost pressures and higher interest rates. Some central ... Read More

Almost five years after construction began, the Penang International Airport multi-storey car park is expected to begin operations next month. The car park was supposed to be ready by the end of 2019. According to Transport Minister Anthony Loke, works are progressing at 99.79 per cent and entering the final ... Read More

The Penang South Islands (PSI) project is set to generate economic growth following the signing of the Project Development Agreement (PDA) between the state government and Silicon Island Development Sdn Bhd for Island A. Chief Minister Chow Kon Yeow said Island A, measuring 2,300 acres, would be developed for the betterment ... Read More

RHB Research expects the central bank to hike the Overnight Policy Rate (OPR) by 25 basis points (bps) at the monetary policy committee (MPC) meeting on March 9. Its view was predicated on three main catalysts, namely that core consumer price index (CPI) inflation is likely to remain elevated into ... Read More

Developers have been warned not to demolish old buildings without local council approval. "Whether buildings are in heritage zones or not, no developers should demolish buildings without prior approval," said Penang Chief Minister Chow Kon Yeow. Speaking at the refurbished Town Hall building at Esplanade on Saturday (March 4), he ... Read More