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Rise and fall of interest rates

INTEREST rates have a wide and varied impact upon the economy. When interest rates are raised, the general effect is to slow down credit demand and contain inflationary pressures. It also makes borrowing money more expensive, which affects how consumers and businesses spend their money. Investors should understand how interest ... Read More

Penang to ride on Shangri-La expansion

THE opening of several new Shangri-La Hotels and Resorts properties around the globe in 2012, will be leveraged on by its sister property in Penang to draw more visitors to the island state. Shangri-La's Rasa Sayang Resort and Spa general manager Elaine Yue said the expansion of the group's properties, ... Read More

Property sector to correct

The steep increases seen in the last two years expected to sputter to a halt on weak global sentimentTHE overall weak global sentiment is expected to cast a pall over the property sector, which is expected to undergo some downward correction next year, agents, property consultants and developers say, with ... Read More

Property market welcomes new group of buyers

BEGINNING tomorrow, new guidelines from Bank Negara Malaysia to curb rising household debt are going to kick in. The guidelines cover all consumer loan products including housing, personal and car loans, credit card receivables as well as loans for the purchase of securities.Instead of loan approvals being based on gross ... Read More

The Wave @ Penang Times Square

The Wave, an upcoming serviced residence development located in Penang Times Square, Georgetown. Extraordinary and surprising facade design, elegant sun protection stripes corrugate around the glazed body, rhythmatically arranged around each floor to give the impression that waves are going over the building. The residential component comprises 312 suites covering 27 ... Read More

RM10mil swanky clubhouse

DNP Land Sdn Bhd will spend RM10mil on a chic and trendy-looking community clubhouse within its upcoming Jesselton Hills mixed development project in Alma, Bukit Mertajam. Its northern region general manager K.C. Tan said property owners in the residential scheme would not be charged any membership fee to use the ... Read More

State to hold gotong-royong at clan jetties in Weld Quay

WITH less than a month away before Penangites usher in the Year of the Dragon, the state government has called on the public, individuals and non-governmental organisations (NGOs) to lend a hand to the upcoming ‘Spring Cleaning @ George Town World Heritage Site 2012’ programme. Unlike the state’s first gotong- royong programme ... Read More

Major roads leading to tourist hotspots in Penang jammed

GEORGE TOWN: Christmas may be over but until the school term commences next week, the narrow roads here are expected to be congested with an influx of vehicles from outside the state. This is because there is an estimated 40% increase in the entry of vehicles, as reported by Penang ... Read More

Panoramic park plan for Pearl Hill

A PIECE of land covering the peak of Pearl Hill in Tanjung Bungah and its surrounding area in Penang will be transformed into a park with a viewing point for tourists. Tanjung Bungah assemblyman Teh Yee Cheu said a 6.07ha piece of land where a Tua Pek Kong Temple is ... Read More

Exclusive Series @ Taman Bagan

Exclusive Series @ Taman Bagan, a residential development by BSG Property located within the established township of Taman Bagan in Butterworth, Penang. This property development comprises 30 units 2-storey terrace houses. It comes with unique dual frontage design. Property Project : Exclusive Series @ Taman Bagan Location : Taman Bagan, Penang Property Type : ... Read More