The monetary policy committee (MPC) of Bank Negara Malaysia announced today that it has raised the overnight policy rate (OPR) by 25 basis points, raising it to 2.25%. This came amid rising food and energy prices. “The ceiling and floor rates of the corridor of the OPR are correspondingly increased ... Read More

The Penang Waterfront Convention Centre (PWCC), which is set to be the largest convention centre in the state, will act as a catalyst for more events to take place in the state after its scheduled completion in the first quarter of 2025. Chief Minister Chow Kon Yeow, who was present to ... Read More

Tenaga Nasional Bhd (TNB) is investing RM500mil to strengthen the electricity supply in Penang. In a statement published two weeks ago, TNB said the project would bring a direct connection of electricity supply from the national grid to Penang through overhead line transmission from the mainland to maintain the island’s electricity ... Read More

Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the US Federal Reserve hikes aggressively, a Reuters poll found. Bank Negara Malaysia (BNM), although dealing with ... Read More

The National Property Information Centre’s (Napic) property market snapshot for the first quarter of this year (Q1 2022) shows residential overhang has dropped marginally to 35,592 units valued at RM22.45 billion. Last year, the volume of residential overhang reached an “all-time high” of 36,863 units valued at RM22.79 billion. As ... Read More

The State Government intends to expand homeownership in Penang through ‘rent-to-own’ (RTO) which currently only involves Type A and Type B Affordable Housing (RMM). State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said, the proposed plan that will be introduced in the near future is to help Penangites to ... Read More

Newly proposed mixed development by Puncakcity Development Sdn. Bhd. at Permatang Tinggi. Strategically located on approximately 46 acres of land near the intersection of Jalan Permatang Tinggi and Jalan Rozhan, adjacent to Usahajaya Light Industrial Park and Taman Perwira Indah. It's just a mere minute drive to AEON Mall, and ... Read More

About Urban Suites A commercial property development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong.  It is easily accessible via Tun Dr Lim Chong Eu Expressway and surrounded by abundance of amenities. Urban Suites comprises two 42- storey towers, featuring 596 units of commercial suites. Find out more about Urban Suites Register your ... Read More

Smith + Nephew, a leading global medical technology company, has officially opened its much-anticipated, high-technology manufacturing facility in Batu Kawan Industrial Park (BKIP) today. The new plant is located at Persiaran Cassia Selatan 8 in BKIP. Smith + Nephew Malaysia site leader and managing director Mark Arthun said the new ... Read More

Perched on a hill and facing the Penang channel, Udini House in Jalan Tunku Kudin, Gelugor, has been unoccupied since the 1960s. It is believed to be one of the oldest abandoned houses in Penang, if not the country. The mansion boasts of a colourful past – its foundation stone ... Read More