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Acme inks JV to develop 178 acres of land in Balik Pulau

Acme Holdings Bhd is teaming up with Koperasi Kampung Melayu Balik Pulau Bhd (KKMBPB) to jointly develop seven parcels of land measuring about 178.34 acres in Penang into a multi-phased integrated development. In a Bursa Malaysia filing, Acme said its wholly owned subsidiary Ayana Bayu Sdn Bhd (ABSB) had entered ... Read More

terraces-condominium-site-progress-nov2022-1

SITE PROGRESS: Terraces Condominium (Nov 2022)

About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. (Photo taken in Oct 2022) Find out more ... Read More

PM launched RM113mil People’s Housing Programme in Penang

Seven hundred units of affordable housing will be built in the RM113 million Kepala Batas People’s Housing Programme (PPR) in Penang, said Prime Minister Ismail Sabri Yaakob. Speaking at the PPR’s groundbreaking ceremony on Nov 2, Ismail said the project would help meet the housing needs of the low-income population ... Read More

Preliminary work on the urban renewal for Padang Tembak Flat to be carried out next year

The preliminary works for the urban renewal projects (URC) for Padang Tembak Flat are expected to be implemented next year. State Local Government, Housing Development and Town and Country Planning Committee chairman, Jagdeep Singh Deo said the works include the draft feasibility studies, residents census and verfication of land ownership. "The Penang ... Read More

State to check on mandatory installation of water saving devices in all new development projects

The Penang government, through the Penang Water Supply Corporation (PBAPP), and the National Water Services Commission (SPAN) will continue to carry out joint inspections of the mandatory installation of water saving devices in new development projects in Penang. State Transport and Infrastructure Committee chairman Zairil Khir Johari said this was ... Read More

Foreshore Residence

Foreshore Residence, a mixed development by Tanjung Villa Development Sdn. Bhd. (a subsidiary of Tah Wah Group) in the heart of George Town. Strategically located along Tun Dr. Lim Chong Eu Expressway, adjacent to Sandilands Condominium. It is only about 5 minutes drive to Penang Bridge, with an abundance of ... Read More

5G technology sparks changes for Penang

With Penang becoming the first state in North Malaysia to have a 5G network in September this year, the Penang government will focus on developing telecommunications infrastructure in the industrial sector to overcome the current global and domestic challenges. In an interview with Buletin Mutiara, Penang Transport and Infrastructure Committee ... Read More

Bank Negara raises OPR by 25bps to 2.75%, as expected

Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, its fourth consecutive rate hike since May. BNM said the OPR hike, which increases the cost of borrowing, was needed to control inflationary pressures amid the country’s strengthening economy. In May, the ... Read More

More manufacturers expected to relocate to Penang in 2023

Penang expects to welcome more manufacturers to relocate to the state next year, said special investment advisor to Penang chief minister, Datuk Seri Lee Kah Choon. He said the relocations will boost the state's economic growth, thanks to its business-ready infrastructure. "It is safer for the companies to relocate their ... Read More

Economists: BNM set to hike OPR for fourth time in a row tomorrow

Bank Negara Malaysia (BNM) will tighten the overnight policy rate (OPR) by a quarter-point for the fourth time in a row on Thursday (Nov 3) as upside risk to inflation persists and to support a weakening ringgit, a Reuters poll showed. The central bank started raising rates in May, even ... Read More