At its latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 2.75%, signalling continued confidence in Malaysia’s economic trajectory while keeping a close watch on rising global uncertainties. The decision comes amid a resilient global economy in early 2026, ... Read More

Marriott International Inc. announced the signing of The Bertam, Penang, a Tribute Portfolio Hotel, with Maritime Waterfront Suites Sdn. Bhd. Slated to open in Q4 2026, the hotel is expected to feature 282-keys, introducing the brand to Bertam on Penang mainland, complementing Marriott’s established presence on the island. Located in ... Read More

Tasek Gelugor XChange (TGX) is located in Tasek Gelugor at a junction connecting parts of Penang and Kedah, within a developing suburban corridor in North Seberang Perai. The site is accessible via the North–South Expressway and is within walking distance of the Tasek Gelugor KTM station, providing connections to nearby ... Read More

Malaysian Investment Development Authority (MIDA) inked an agreement with AIXTRON SE, a provider of deposition equipment for the semiconductor industry, to build a new greenfield manufacturing facility in Penang at SEMICON Southeast Asia 2026. In a joint statement yesterday, AIXTRON SE chief executive officer Dr Felix Grawert said the decision ... Read More

Chief Minister Chow Kon Yeow recently visited the Penang International Logistics Aeropark (PILA), a joint venture between the Penang Development Corporation (PDC) and Malaysia Airports Holdings Berhad (MAHB), highlighting its role in enhancing the state’s logistics capabilities. Chow, who also chairs PDC, said the project is aimed at developing a ... Read More

The Penang State Housing Board (LPNPP) has issued a Request for Proposal (RFP) for a proposed mixed-use development in Bukit Mertajam, Seberang Perai Tengah. The site involves Parcel A, located adjacent to Lot 10001, covering several land parcels. As usual, the RFP is open to companies registered with the Companies ... Read More

Penang is set to strengthen its agrotourism sector with the development of the Penang Durian Valley @ Relau (PDV), an integrated durian-based hub scheduled for completion in April 2027. According to Chow Kon Yeow, the project is a rebranding of the existing Relau Agriculture Centre into a comprehensive eco-tourism destination ... Read More

An 800-metre stretch of Jalan Persiaran Pantai Sinaran in The Light City has been officially renamed in honour of the late Tan Sri Chin Fung Kee, recognising his significant contributions to the state’s development. The renaming ceremony was officiated on Thursday by Chow Kon Yeow, who said the decision was approved ... Read More

About Jesselton Courtyard A luxury residential project by Berjaya Land in the Penang Turf Club area. It features 32 units of Four-Storey Zero-Lot Bungalows (6,649 – 9,054 sq.ft.) with an indicative priced from RM6.48mil, and 207 units of 1½ - 2 Storey Condominiums (2,734–5,167 sq.ft.) with an indicative priced from ... Read More

Paramount Corp Bhd has achieved property sales exceeding RM1 billion for the fourth year running in its financial year ended December 31, 2025, underpinned by a deliberate landbank replenishment strategy that saw the group secure 363.1 acres across Penang, Kedah, and the Klang Valley with a combined gross development value ... Read More