RHB Research expects the central bank to hike the Overnight Policy Rate (OPR) by 25 basis points (bps) at the monetary policy committee (MPC) meeting on March 9. Its view was predicated on three main catalysts, namely that core consumer price index (CPI) inflation is likely to remain elevated into ... Read More

Developers have been warned not to demolish old buildings without local council approval. "Whether buildings are in heritage zones or not, no developers should demolish buildings without prior approval," said Penang Chief Minister Chow Kon Yeow. Speaking at the refurbished Town Hall building at Esplanade on Saturday (March 4), he ... Read More

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

Ideal Property Group is setting up a new industrial park at Bertam, Northern Seberang Perai District, with a gross development value of RM4.2billion. This state-of-the-art industrial park, dubbed Penang Technology Park @ Bertam, will be the first technology park established within North Seberang Perai District. Associated with its name of ... Read More

Penang International Airport (PIA) expansion project will take place this year and will be fully funded by Malaysia Airports Holdings Bhd (MAHB). Transport Minister Anthony Loke Siew Fook said this when he made his first official working trip to Penang yesterday, revealing that the expansion, for now, would cater to ... Read More

Marina Residence, a high-rise residential development by Welcome Properties Sdn. Bhd. in Teluk Air Tawar. Located on 11 acres of sea-facing land next to Quayside @ Clear Water Bay, just a stone's throw away from Robina EcoPark. It is less than 10km to Penang Sentral via Butterworth Outer Ring Road, about 20 minutes ... Read More

Greatech Technology Berhad is realising its 10-year plan that involves venturing into the solar and life science industries, according to co-founder and CEO Datuk Tan Eng Kee. The company’s plan is divided into two parts: Factory Automation and Process Automation. The four pillars of the former will be solar, e-mobility, life ... Read More

A bypass connecting Hijaun Hills to Bander Tasek Mutiara in the south Seberang Perai (SPS) district is set to be constructed, enhancing accessibility to the schools in the neighbourhood. The bypass will be constructed from Jalan Tasek Mutiara 10 to Jalan Hijauan Hills 1. This was announced by State Transport ... Read More

As we step into 2023, the Penang property market is expected to continue its gradual recovery phase from the pandemic-induced slowdown. The year 2021/2022 was a good time to buy property in Penang, thanks to the Home Ownership Campaign (HOC), record-low interest rates, and developers offering freebies, discounts, and rebates ... Read More

Heritage advocates are concerned over plans to build a 38-storey condominium at Gat Lebuh Nordin here, less than 200m away from the George Town Unesco World Heritage Site western boundary. Planning permissions were submitted to the Penang Island City Council last week for approval. It is learnt that the proposed ... Read More