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Dams and park under PBAPP to reopen tomorrow

Property News/ 9 July 2021 1 comment

dam-penang

The Air Itam Dam, Bukit Dumbar Recreation Park in Jelutong, Teluk Bahang Dam and Mengkuang Dam in Bukit Mertajam, which are all under the supervision of the Penang Water Supply Corporation (PBAPP), will be reopened to visitors for recreational activities beginning tomorrow (July 10).

State Youth and Sports Committee chairman Soon Lip Chee said the public could now look forward to carry out their daily exercises at these dams and park.

“The state executive council had yesterday (July 8) unanimously agreed to the reopening of dams and a park under PBAPP starting tomorrow.

“I believe many people will now have more places to conduct their recreational activities after the state has moved to phase two of the National Recovery Plan (NRP).

“The dams and park will open to the public from 7am to 7pm daily under strict standard operating procedures (SOPs), with physical distancing of between three and five metres, within 10km radius from the residence and banning of inter-district travel.

“Besides that, visitors to Air Itam Dam, Teluk Bahang Dam and Bukit Dumbar Recreation Park in Jelutong is limited to 200 people at any one time while Mengkuang Dam is limited to 350 people at any one time.

“Adherence to SOPs and physical distancing when carrying out recreational activities are important for public health and safety,” he told reporters after inspecting the Air Itam Dam today.

PBAPP chief executive officer Datuk Jaseni Maidinsa, who was present, stressed that the dams and park under PBAPP are not only recreational places for visitors, but they are also security areas.

“I hope that the public can understand this as we need to get clearance from the authorities before allowing the people to visit. I know many people are keen on visiting these areas for their recreational activities because they are spacious,” he said.

On top of that, Jaseni said he was glad that the water levels at the three dams have shown improvement compared to previous readings.

“The water supply for this year is sufficient,” he added.

Source: Buletin Mutiara

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MBSP continues to monitor strata housing for SOP compliance

Property News/ 9 July 2021 No comments

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Seberang Perai City Council (MBSP) through the Commissioner Of Buildings (COB) will continue to monitor strata housing as usual even though Penang is currently in Phase 2 of the National Recovery Plan (NRP).

In a written statement on 8 July 2021, the Mayor of MBSP, Dato ’Sr. Rozali Mohamad said that his team will monitor the standard operating procedures (SOP) related to the approval letter issued by the Ministry of International Trade and Industry (MITI) as well as the work procedure at the Joint Management Body (JMB) or Management Corporation (MC) office.

“Besides that, the operation also focused on the compliance aspect of physical distancing in the elevator, closure of all common facilities and no social activities were carried out during this phase,” he explained.

In a related development, Rozali also explained that last June 23, the local authority (PBT) had carried out a surprise inspection operation related to SOPs in six strata housing, followed by a similar operation on July 2, 2021.

“The surprise inspection operation carried out previously involved housing schemes in the three districts in Seberang Perai.

“As a result of the inspection, JMB/MC misunderstood the need to register a list of common area maintenance workers by them, under the COVID-19 Intelligent Management System (CIMS).

“Nevertheless, in general, local authorities are satisfied with the SOP compliance practices in all the localities,” he explained.

It is understood that currently there are 1,113 stratified development areas consisting of 82,223 plots in the Seberang Perai area.

Commenting on the matter, Rozali said that the purpose of the inspection operation was carried out by the MBSP Commissioner Of Buildings (COB), among others, as a guide for all JMB and MC to operate in compliance with the SOP outlined by the National Security Council (MKN).

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MSCity @ Bayan Lepas

Batu Maung/ 8 July 2021 1 comment

mscity-3

MSCity, a light industrial factory development by M Summit Inovazi Sdn. Bhd. at Batu Maung.  Located on 2.9 acres of land near Lintang Beringin 5, accessible via Jalan Batu Maung. This development is located right next to the runway of Penang Internationa Airport, within the vicinity of Diamond Valley Industrial Park. It is about 4km away from Penang Second Bridge, about 10 minutes drive to the airport.

The initial phase of this project will see the construction of 10 units of 2-storey semi-detached light industrial factories and one 2-storey detached light industrial factory. All units will feature a multifunctional layout, offering spacious floors to house a production area, warehouse, showroom and office all under one roof.

Each unit will have a minimum land area of 6,824 sq.ft., built-up size ranging from 6,372 sq.ft up to 17,200 sq.ft.

Project Name : MSCity
Location : Batu Maung
Property Type : Light Industrial Factory
Tenure : (to be confirmed)
Land Area: 6,824 sq.ft. – 17,566 sq.ft.
Built-up Area: 6,372 sq.ft. – 17,200 sq.ft.
Total Units : 11
Indicative Price: (to be confirmed)
Developer : M Summit Inovazi Sdn. Bhd. (M Summit Group)

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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.

Bank Negara Malaysia maintains OPR at 1.75%

Property News/ 8 July 2021 No comments

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At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 1.75 percent.

The global economic recovery has strengthened further, supported by improvements in manufacturing and services activity. The pace of recovery, however, varies across countries. Economies making better progress in their vaccination programmes have been able to ease containment measures, enabling a swift recovery in domestic activity. In several advanced economies, sizeable fiscal and monetary measures are also supporting a stronger recovery momentum, although activities in some economies are disrupted by tighter containment measures to curb COVID-19 resurgences. Financial conditions remain supportive of growth.

Overall, the balance of risks to the growth outlook remains tilted to the downside, due mainly to uncertainty over the path of the pandemic as well as potential risks of heightened financial market volatility.

For the Malaysian economy, better-than-expected economic activity in the first quarter of 2021 continued into April, as reflected by the latest indicators, particularly on exports, retail spending and labour market conditions. The re-imposition of nationwide containment measures to curb the resurgence in COVID-19 cases, however, will dampen the growth momentum. The degree of impact to the economy is highly dependent on the stringency and duration of containment measures. Nevertheless, continued allowances for essential economic sectors to operate, albeit at a reduced capacity, and higher adaptability to remote work, automation and digitalisation will partly mitigate the impact of restrictions. The various policy support packages will alleviate some of the financial burdens of households and businesses. Favourable external demand conditions will continue to provide a lift to growth.

Going forward, the gradual relaxation of containment measures, alongside the rapid progress of the domestic vaccination programme and continued strength in external demand will provide support for the growth recovery into 2022. The growth outlook, however, remains subject to significant downside risks, due mainly to factors that could lead to a delay in the easing of containment measures or imposition of tighter containment measures, and a weaker-than-expected global growth recovery. The materialisation of these risks could undermine the growth recovery.

As expected, headline inflation spiked recently due mainly to the base effect from low fuel prices in the second quarter of last year. This spike is transitory and headline inflation is projected to moderate in the near term as this base effect dissipates. For 2021 as a whole, headline inflation is projected to average closer to the lower bound of the forecast range. Underlying inflation, as measured by core inflation, is expected to remain subdued, averaging between 0.5% and 1.5% for the year, amid continued spare capacity in the economy. The outlook, however, is subject to global commodity price developments.

The MPC considers the stance of monetary policy to be appropriate and accommodative. In addition, fiscal and financial measures will continue to cushion the economic impact on businesses and households and provide support to economic activity. Given the uncertainties surrounding the pandemic, the stance of monetary policy will continue to be determined by new data and information and their implications on the overall outlook for inflation and domestic growth. The Bank remains committed to utilise its policy levers as appropriate to foster enabling conditions for a sustainable economic recovery.

– BNM

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Penang public parks open today for recreational activities under NRP Phase 2

penang-parks

As Penang enters phase two of the National Recovery Plan (NRP) which coincides with the George Town World Heritage Day celebration today, the Penang City Park (formerly Youth Park), Botanic Gardens and some other public parks have been reopened for individual recreational activities.

State Youth and Sports Committee chairman Soon Lip Chee, who visited City Park and Botanic Gardens this morning, said the parks would be opened from 7am to 7pm daily.

He said individual recreational activities would be allowed with strict adherence to the standard operating procedures (SOPs).

“I can see that not many people came today due to the rainy weather and some of them may not realise that the parks have been reopened.

“There are only about 50 people as of this morning. The Penang City Park can accommodate a maximum capacity of 200 people at any one time under strict SOPs.

“Hence, I hope more people will start to get back to their daily exercise routines after knowing that the public parks have been reopened.

“As I came in just now, a few of the park-goers approached me to enquire whether the operating hours of the parks can be extended to 8pm.

“However, we need to look into it and discuss the matter, but we will be lenient by allowing them around 10-15 minutes to change their attire,” he said.

The sports and recreational activities allowed under phase two of NRP are individual exercise, jogging, cycling, tai chi, skateboarding, equestrian, fishing, hiking, archery, golf and tennis (singles).

On the overpopulation of monkeys at City Park, Soon said they would discuss the matter with the Penang Island City Council (MBPP) and Forestry Department.

“After almost five weeks of closure due to the total lockdown, the overcrowding of macaques is expected.

“We will be discussing with the authorities on their next course of plan to avoid the overcrowding of macaques,” he said.

On whether the recreational areas such as the Teluk Bahang Dam, Mengkuang Dam, Air Itam Dam and Bukit Dumbar Recreational Park under the Penang Water Supply Corporation (PBAPP) would be allowed to open, Soon said a further discussion would be held with PBAPP.

“I will discuss it in the state executive council meeting tomorrow and I am pretty confident that the recreational areas under PBAPP will be opened soon,” he added.

He, nevertheless, advised those sports enthusiasts to avoid any strenuous exercises when starting back their routines.

“We need to start back slow and try to juggle with our pace,” he said.

MBPP mayor Datuk Yew Tung Seang, who joined Soon during the visit, was pleased that the state has entered phase two of NRP.

“I hope that more people will make time to exercise since more recreational activities under strict SOPs are now allowed to proceed,” he said.

Also present were Penang State Sports Council (PSSC) director Harry Chai and Penang FC general manager Jeffrey Chew.

Source: Buletin Mutiara

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