Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 3% following the latest Monetary Policy Committee (MPC) meeting. The decision reflects a positive outlook for both the global and Malaysian economies, with continued growth and moderating inflation. Globally, economic expansion is supported by resilient labour ... Read More

About D' Starlingtton A 29-storey condominium development by Wismas Dayamas Sdn. Bhd. (GSD Land) in Teluk Kumbar, covering 4.5 acres along Jalan Teluk Kumbar, about 2km from Penang International Airport. The project features 820 residential units with an 11-storey carpark, and rooftop facilities. Neighboring communities include Platinum III, D’zone Condominium, Saujana ... Read More

The historic 1926 Heritage Hotel Penang, located on Burma Road, is set to reopen in 2026, coinciding with its 100th anniversary. This reopening follows a significant RM20 million refurbishment project, initiated by Jetblue Sdn Bhd in collaboration with The Ascott Limited, and marks the revival of a key heritage landmark ... Read More

The Penang Port Commission (PPC) has issued a request for proposal (RFP) for the development of its warehouses and the Tanjung City Marina land. PPC chairman Datuk Yeoh Soon Hin said the objective of the RFP is to invite financially and technically qualified companies to implement the proposed development of ... Read More

INFINITY8, a leading co-working space provider, has officially launched its first co-working space in Penang, marking the company’s expansion into the northern region of Malaysia. Named INFINITY8 Reserve George Town, this new space is strategically located in a 25,000 sq. ft. heritage building on Beach Street, once home to Standard ... Read More

A new affordable housing scheme called ‘New Talent Housing’ (Rumah Bakat Baru) is scheduled to be launched next year (2025) by PDC Properties Sdn Bhd (PDCP), a subsidiary of Penang Development Corporation (PDC). PDC chief executive officer Datuk Aziz Bakar said the housing scheme is aimed at addressing the growing demand ... Read More

Eastern & Oriental Bhd is bullish on the Penang market, where it is based, and anticipates better property sales in its current financial year ending March 31, 2025 (FY2025). The group is targeting around RM1 billion sales in FY2025, on the back of new launches worth about RM1.3 billion in ... Read More

About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with ... Read More

The Penang Hill Corporation (PHC) is accelerating its efforts to complete the initial phase of hoarding works at the key sites involved in the highly anticipated Penang Hill Cable Car project. The hoarding works, which involve the Garden Station, Hill Station, Turn Station, and the proposed car park building, are ... Read More

Penang is set to see 10 new hotels with 4,000 rooms over the next few years as the state continues to attract more tourists, said Chief Minister Chow Kon Yeow. Chow said he does not think there will be any issue of an oversupply of hotels in the state. "In ... Read More