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BNM maintains overnight policy rate at 2.75pc
Bank Negara Malaysia (BNM) has decided to maintain the overnight policy rate (OPR) at 2.75 per cent today, allowing it to assess the impact of the cumulative past OPR adjustments, given the lag effects of monetary policy on the economy. The central bank said at the current OPR level, the ... Read More
AFFORDABLE: Teluk Kumbar / Rackson Gateway Century Sdn. Bhd.
Yet another affordable housing development proposed in Teluk Kumbar. Undertaken by Rackson Gateway Century Sdn. Bhd., the development will be located off Jalan Bukit Belah 2, just a stone's throw away from D' Starlingtton Condominium by GSD Land. It is just a short drive from Penang International Airport, less than 10km ... Read More
Bank Negara likely to hike OPR to 3% tomorrow
Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its monetary policy meeting tomorrow, reversing the Covid-induced rate cuts. “Following a likely January hike, we expect a pause in March, before another 25bps hike in May, assuming the ... Read More
Usher in joy and prosperity at Paramount’s CNY Open House (25 Jan)
Paramount Property wishes you a happy and prosperous Chinese New Year! Drop by Paramount Property's CNY Open House and view the new show unit on 25 January 2023 (Wednesday) from 10am to 5pm ... Read More
Penang will pursue the George Town–Butterworth LRT link
The Penang government is still waiting to meet Prime Minister Datuk Seri Anwar Ibrahim and Transport Minister Anthony Loke to discuss the proposed George Town–Butterworth Light Rail Transit (LRT) project. Chief Minister Chow Kon Yeow said the discussion would also touch on other critical transport projects in Penang, such as the ... Read More
SITE PROGRESS: Celesta Residency (Jan 2023)
About Celesta Residency Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It features a mix of residential and ... Read More
Maldives Residences
Maldives Residences, yet another residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. Other neighboring housing schemes include Tree Sparina, The Amarene, Summerskye Residences, ... Read More
Public market in Batu Kawan to be completed in 2025
Residents in Bandar Cassia, Batu Kawan will have their first-ever public market in the area soon! Chief Minister Chow Kon Yeow, who is also the Batu Kawan MP, said the project which sits on a 7.69-acre land near Taman Crescentia is divided into two phases at an estimated cost of RM69 ... Read More
AFFORDABLE: Paya Terubong / Geo Valley Sdn. Bhd.
A newly proposed affordable housing development by Geo Valley Sdn. Bhd. in Paya Terubong. Located off Jalan Bukit Kukus, just a stone's throw away from Asia Heights apartment and Pine Residence by the same developer. With directly access Thean Teik Highway, it is only about 5 minute's drive to Sunshine Farlim and ... Read More
More initiatives and new environment-based master plan to realise PSI project
The Penang government is committed to realising the Penang South Islands (PSI) project after announcing new initiatives under the Social Impact Management Plan (SIMP) scheme and the introduction of the PSR Ecology Offset Master Plan (PEOM). The additional initiatives under the SIMP scheme include the announcement of 11 fishermen who are ... Read More
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