Penang CM Chow Kon Yeow hopes that the Butterworth Arena, which is expected to receive a Certificate of Completion and Compliance (CCC) in August or September, will attract the interest of national and international event organizers.

He said this after visiting the Penang Development Corporation (PDC) project site worth RM59 million which is almost completed near Ampang Jajar here.

“We will also look forward to organizing national and international events here,” he told reporters yesterday.

Also present, Deputy Chief Minister I, Dato’ Ir. Ahmad Zakiyuddin Abdul Rahman who is also Pinang Tunggal ADUN; Bagan Jermal assemblyman, Soon Lip Chee who is also the Youth and Sports Exco; Exco for Social Development and Non-Muslim Affairs, Chong Eng; Mayor of Seberang Perai City Council (MBSP), Dato’ Azhar Arshad and Deputy General Manager of the Chief Minister’s Corporation (CMI), S. Bharathi.

Commenting further, Kon Yeow said that the application process for proposal (RFP) to oversee all Butterworth Arena facilities was opened on February 15 to any interested firm, and will end on March 21.

Out of the total 38 acres of land, it is understood the development project site implemented by PDC so far is only 16.76 acres including 8.3 acres of banquet hall space as well as parking for various types of vehicles.

The three customizable sub halls can be transformed into a large banquet hall capable of accommodating a capacity of 300 banquet tables or 3,000 people at a time.

Project location:

Source: Buletin Mutiara

About Anggun Residences

A high-rise residential development by PE Development (Penang) Sdn. Bhd at Batu Kawan. Strategically located next to Design Village, less than 2 minutes drive to the IKEA and Central Island Park at Aspen Vision City. It’s only about 20km away from the key employment center of Bayan Lepas Free Industrial Zone via 2nd Penang Bridge. It comprises a 35-storey tower, featuring 496 residential units with various facilities.

Find out more about Anggun Residences

After a delay of nearly eight years, the feasibility study on the Penang undersea tunnel has given the controversial project a go-ahead, but it requires written reviews from the Penang Port Commission (PPC) and Penang Port Sdn Bhd (PPSB).

Chief Minister Chow Kon Yeow said the project’s feasibility report was presented to the state executive council last month by concessionaire Consortium Zenith Construction Sdn Bhd.

“The state government has taken note of this report, and the results have shown that the project should go ahead but subject to compliance regulations,” he said at a press conference in Komtar today.

However, he said, the state government will need to get written reviews from PPC and PPSB as the project will involve shipping and ferry routes along the straits.

“We will make a final decision after receiving feedback from these two agencies. The state government hopes that the written reviews can be obtained soon.”

Last year, Chow said the feasibility report had been completed and would be tabled to the state government meeting after collating all comments from technical agencies, including federal ones.

He also did not rule out the possibility of building a bridge as a third link, but it will only be considered after the feasibility report is presented to the state government.

The undersea tunnel project was awarded to Zenith Consortium company BUCG in 2013, and the draft feasibility study report has been underway since 2014.

The 7.2km-long tunnel, which connects Persiaran Gurney to Bagan Ajam in Seberang Prai, is under the Penang Transport Master Plan (PTMP).

PTMP is a state government initiative with an estimated cost of RM46 billion, comprising a seabed tunnel connecting the island to the mainland, highways, LRT, monorail, and a comprehensive network of bus routes on the island and mainland.

Source: TheVibes.com

Chinatown @ Raja Uda, a landed commercial development by Woolley Development Sdn. Bhd. in Butterworth. Strategically located near Jalan Raja Uda, between the intersection of Jalan Permatang Pauh, Jalan Telaga Air and Jalan Siram. It is approximately 5km away from Penang Sentral, about 10 minutes drive to Penang Bridge. This part of a 60-acre development that will consist of residential and commercial properties upon completion.

This development offers several units of freehold 2-storey shop offices, featuring a build-up of at least 2,217sq.ft. Indicative selling price starts from RM1,650,000. It is scheduled for completion by the middle of 2022.

Project Name: Chinatown @ Raja Uda
Location : Raja Uda, Butterworth
Property Type : 2-storey shop offices
Built-up Size: 2,217sq.ft. – 3,433sq.ft.
Total Units: (to be confirmed)
Indicative Price: RM1,650,000 onwards
Developer : Woolley Development Sdn. Bhd.

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

Malaysia attracted a record amount of approved investments worth RM306.5 billion in the manufacturing, services and primary sectors in 2021, driven by higher foreign direct investment (FDI) and increased projects in the manufacturing and the electrical and electronics (E&E) sectors, according to the Malaysian Investment Development Authority (MIDA) at its annual media conference on Tuesday (March 8).

In a statement, MIDA said that Malaysia’s FDI of RM208.6 billion accounted for 68.1% of total approved investments, with the remaining 31.9% coming from domestic direct investment (DDI) at RM97.9 billion.

Year-on-year, Malaysia’s FDI was significantly higher by 224.9% from RM64.2 billion in 2020, however, DDI declined marginally by 5.13% from RM103.2 billion the year before.

“The Netherlands (RM78 billion), Singapore (RM47.3 billion), the People’s Republic of China (RM31.3 billion), Austria (RM18.9 billion) and Japan (RM9.9 billion) accounted for 88.9% of total FDI approved in the manufacturing, services and primary sectors.

“Pulau Pinang (RM83.5 billion) recorded the highest investments approved last year, followed by Kedah (RM68.3 billion), Kuala Lumpur (RM37.7 billion), Selangor (RM28.8 billion) and Sarawak (RM25.7 billion).

“These five states contributed 79.6% of total approved investments in 2021,” the statement read.

Officiating the event was Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali, who said the record-breaking approved investments for the manufacturing, services and primary sectors were a 83.1% jump from 2020’s figure.

Azmin added that Malaysia’s RM97.9 billion DDI in 2021 is a signal that local industry players had grown in terms of capabilities and business capacity to be competitive on the global stage.

“Moving forward, I am delighted to share that MIDA has already secured 352 projects in the pipeline with proposed investments of RM39.2 billion for the manufacturing and services sectors.

“These projects will create more than 19,000 new job opportunities for the rakyat,” Azmin said.

Manufacturing sector continues to be mainstay with E&E topping approved investments

Meanwhile, the manufacturing sector led total investments approved in 2021 by recording RM195.1 billion, followed by the services sector and the primary sector at RM94.1 billion and RM17.3 billion respectively.

The manufacturing sector reported a leap in approved investments by 113.7% from RM91.3 billion in 2020, while the services and primary sectors saw improvements of 34.4% and 183.6% from RM70 billion and RM6.1 billion respectively.

Notably, the E&E industry contributed the bulk of the FDI as well as total approved investments within the manufacturing sector by recording RM148 billion for 94 approved projects.

Chief among the E&E industry’s RM148 billion in total approved investments included RM42.2 billion from Risen Solar for the design development and manufacturing of solar modules and solar cells, followed by Intel Electronics’ RM30 billion to produce wafer fabrication and stacked dies in Pulau Pinang, AT&S’ RM8.5 billion to establish design development and manufacturing of integrated circuit substrates in the Kulim Hi-Tech Park, and Infineon Technologies’ RM3.25 billion in Melaka.

MIDA, the country’s investment promotion and development agency, said that Malaysia secured 75 capital-intensive projects valued at RM100 million and above in 2021, which could spur the growth of new advanced manufacturing technologies and produce a highly-skilled workforce.

Meanwhile, the services sector’s 34.4% improvement in 2021 was driven by sub-sectors such as real estate (RM28.8 billion), global establishments (RM19.7 billion), financial services (RM12 billion), utilities (RM9.6 billion), and information and communications (RM8.2 billion).

The bulk of the primary sector’s approved investments were led by the mining sub-sector’s RM17.1 billion or 98.7% amid higher crude oil and natural gas prices, while the plantation and commodities and agriculture sub-sectors brought in RM211.4 million and RM20.5 million respectively.

Source: TheEdgeMarkets.com