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Penang reopened under PGRS (Penang Gradual Recovery Strategy)
Penangites heaved a sigh of relief as the state partially reopened its doors with its own adaptation of the conditional movement control order (MCO) called Gradual Recovery Strategy. Nearly all retail outlets, including department stores and malls, were allowed to reopen under the strategy Friday, but there were differing rules ... Read More
UPCOMING: Simpang Ampat / Tambun Indah Land
Yet another new phase proposed by Tambun Indah Land at their signature Pearl City township in Simpang Ampat. It is located at the southeast of Pearl City township, near Jalan Tasek Mutiara 7. Amenities within 5 km include Pearl City Mall, GEMS International Schools, SMJK Jit Sin II and several ... Read More
Penang announces RM76mil aid package and assessment taxes rebate
The Penang government has launched its second economic stimulus package of RM76 million to assist the people during these challenging times in view of the Covid-19 pandemic. Chief Minister Chow Kon Yeow said the stimulus package is an addition to the RM75 million aid package that was announced previously, making ... Read More
BNM cuts OPR by 50bps to 2%
Bank Negara Malaysia (BNM) today reduced the Overnight Policy Rate (OPR) by 50 basis points (bps) to 2.00%. “The ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.25% and 1.75%, respectively,“ BNM said in a statement today. The OPR has been reduced by a ... Read More
UPCOMING: Sungai Pinang / Uniacres Development Sdn. Bhd.
An upcoming small landed residential development by Uniacres Development Sdn. Bhd. at Balik Pulau. This is also known as the second phase of Symphony Swiss housing scheme which was completed in 2012, surrounded by amenities such as school, wet market, banks and hospital. It is just a stone's throw away ... Read More
Property demand in Penang still strong despite economy
The demand for property in Penang remains robust despite the economic downturn brought on by the Covid-19 pandemic and the movement control order (MCO) enforced to curb its spread. International Read Estate Federation (FIABCI) president Michael Geh Thuan Peng said he is still receiving enquiries about property under the Malaysia ... Read More
Zero active Covid-19 cases in Penang
There are no more active Covid-19 cases recorded in Penang. The last two cases were reportedly discharged as of 12 noon today, according to statistics from State Health Department. This is the first time Penang recorded zero cases while at the same time having zero patients admitted for Covid-19. Today ... Read More
Penang says no to the reopening economy tomorrow
The movement control order (MCO) in Penang will remain intact tomorrow, with the conditional movement control order (CMCO) to be enforced from May 8 onwards, Penang Chief Minister Chow Kon Yeow announced today. The Penang lawmaker said Penang will not enforce CMCO tomorrow as announced by the federal government, but ... Read More
UPCOMING: Perai / Grand Eastern Realty & Development SB
A proposed commercial development by Grand Eastern Realty & Development Sdn. Bhd. within Perai Free Industrial Zone. The project site is located along Jalan Nagasari, neighboring with several industrial factories. Juru Auto City and North-South Expressway are only five minutes' drive away. This development will feature 16 units of road ... Read More
Not all business activities can resume ops starting May 4
Almost all economic sectors and business activities will be allowed to resume business, subject to conditions and standard operating procedure, starting May 4, announces the Prime Minister. Tan Sri Muhyiddin Yassin said the decision is made following advice from the Health Ministry and after lengthy discussions during the Economic Action ... Read More
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