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42 road blocks throughout Penang during MCO 3.0
Penang police will mount 42 road blocks throughout the Movement Control Order (MCO) 3.0 period in several districts and sub-districts, beginning today until May 23. Prior to this, only 15 road blocks were mounted at the state's borders. State police chief Datuk Sahabudin Abd Manan said the additional road blocks involved ... Read More
Slimhaus Technology to build 3-storey terrace houses from RM250,000 in Penang Island
Would you believe that a three-storey house with a build-up area of 800sq ft or 1,500sq ft can be built within four weeks and come with a selling price of RM250,000 and RM395,000 respectively in Penang Island? Well, that is what a housing developer, Slimhaus Technology Sdn Bhd, plans to do ... Read More
MCO in six Penang areas (10 – 23 May)
Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob today announced that the government will be enforcing the movement control order (MCO) on three district and subdistricts in Penang. Ismail said in Penang the areas affected are the districts of Timur Laut, Seberang Perai Tengah and Seberang Perai Selatan as ... Read More
Sungai Ara condo residents lose appeal to set aside planning permission for housing scheme on hillslope
Residents of a condominium in Sungai Ara today lost in their appeal to set aside the decision of the Penang Island City Council (MBPP) in granting planning permission to a property developer to develop a housing scheme on a hillslope. In dismissing the appeal, Court of Appeal judge Datuk Yaacob ... Read More
Golden Gateway at Batu Kawan is 75% taken up
Golden Land Bhd’s industrial development Golden Gateway in Batu Kawan, Penang, has achieved a take-up rate of 75% since its launch in 2018. According to the developer, the project has seen transactions during the Movement Control Order (MCO) period. “So far, the development has attracted investors and small and medium ... Read More
Bank Negara keeps OPR at 1.75%
Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 1.75%, as widely expected by economists, noting that global economies continued to strengthen, including Malaysia. For Malaysia, BNM said the latest indicators point to continued improvement in economic activity in the first quarter of the year, and ... Read More
Will MCO 3.0 be implemented in Penang?
The state Health Department has submitted a risk analysis to the Health Ministry on the Covid-19 situation in Penang to enable the National Security Council (NSC) to decide on whether the next phase of the restricted movement should be implemented here. Penang logged 305 positive Covid-19 cases today, bringing the ... Read More
Kerjaya Prospek bags RM28m construction contract for new serviced apartment at STP2
Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Bhd (Kerjaya), has bagged a RM28.4 million contract from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd. The group said the contract entails the execution and completion of site works and earthworks; foundation piling system and pile caps construction; basement ... Read More
SITE PROGRESS: M Vista @ Southbay (May 2021)
About M Vista @ Southbay A low density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge. This development features 237 residential units ... Read More
BNM likely to maintain OPR at 1.75%
HSBC Global Research expects Bank Negara Malaysia (BNM) to keep the Overnight Policy Rate at 1.75% at its third Monetary Policy Committee meeting on Thursday. In a research note yesterday, its chief economist for ASEAN, Joseph Incalcaterra, said despite downside risks to BNM’s economic growth forecast, there was a high ... Read More
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