Standard Chartered Bank (StanChart) expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps) in the upcoming Monetary Policy Committee (MPC) meeting scheduled on Nov 3. It would be the last MPC meeting for this year. StanChart said in a note yesterday ... Read More

Seven possible spots to build a cable car station in Penang were proposed during the Penang Hill Special Area Plan (SAP) (Substitution) public hearing. The possible locations include Teluk Bahang, Balik Pulau, Penang Rifle Club’s site outside Penang Botanic Gardens, City Park, Penang Turf Club, near Penang Hill Railway’s lower ... Read More

Penang's housing sector is set to undergo a new chapter when the Penang Housing Board Enactment 2010 which was passed in the State Legislative Assembly back then, comes into effect on Jan 1 next year. State Local, Government Housing, Town and Country Planning Commitee chairman Jagdeep Singh Deo expressed his gratitude ... Read More

A resident in Block B of Woodsbury Suites at Butterworthth was diagnosed with COVID-19 yesterday. The apartment management issued a notice today confirming the matter. The apartment also followed the instructions of the Ministry of Health to implement epidemic prevention measures, including using disinfectant to disinfect public areas in the apartment and ... Read More

Kerjaya Prospek Group Bhd has bagged an RM64 million contract to build a sewerage plant for the Seri Tanjung Pinang (Phase 2A) development (STP2) in Penang. This is the group’s fifth contract in STP2, which is developed by Tanjung Pinang Development Sdn Bhd, an indirect subsidiary of Eastern & Oriental ... Read More

Penang will sell state land at market price via open tender in order to raise revenue. Chief Minister Chow Kon Yeow in his winding up speech at the state legislative assembly here today, said the move was to manage the deficit budget tabled for 2021. With the move, he added, ... Read More

The State Government through the Urban Redevelopment Committee (URC)  is advised to implement redevelopment for housing projects owned by the Penang Development Corporation (PDC) around Pintasan Cecil and Weld Quay. Pengkalan Kota State Assemblyman (ADUN), Danial Gooi Zi Sen said, the move is appropriate as the housing projects are developed with a ... Read More

The construction works for the components of the Gurney Wharf project are scheduled to take place early next year. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the construction works for the entire project would take about two years. “We hope that the public ... Read More

The Penang government, through the Penang Hill Corporation, will issue a Request For Proposal (RFP) likely next month for its proposed Penang Hill cable car project. Chief Minister Chow Kon Yeow (PH – Padang Kota) told the State Legislative Assembly in Dewan Sri Pinang today that project would be implemented with ... Read More

The Penang government has reiterated that the projects under the Penang Transport Master Plan (PTMP) would only start after the respective projects obtained the approvals. State Transport and Infrastructure Committee chairman Zairil Khir Johari (PH-Tanjong Bunga) said the Penang government would not start any of the project without first obtaining the ... Read More