In Malaysia, a vacancy tax is more likely to hurt homebuyers and homeowners rather than ease a property glut. This is the view expressed by the National House Buyers Association (HBA) and an independent researcher in response to a proposal for the introduction of a levy for properties that remain ... Read More

About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More

Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) and Persada Mentari Sdn Bhd (“PMSB”) yesterday signed a Memorandum of Understanding (“MoU”) to encourage sustainable development and living through the ownership of green-certified properties. PMSB, a special purpose vehicle formed by Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern ... Read More

Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 3.0 per cent for the next six to 12 months, given the persistent downward trajectory of both headline and core inflation. However, looking ahead, the possibility of price shifts in food and commodities due to the ... Read More

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

Penang's new ferries, which arrived recently, officially began operations today. The first ferry started service at 6.30am from the Pangkalan Sultan Abdul Halim (PSAH) ferry terminal in Butterworth to the Pangkalan Raja Tun Uda (PRTU) ferry terminal here. Caretaker Chief Minister Chow Kon Yeow boarded the first trip, which marked ... Read More

Global 5G leader Ericsson has strengthened its socioeconomic contribution to Malaysia by producing its state-of-the-art 5G radio equipment in Penang, marking the company’s first 5G manufacturing facility in Southeast Asia. The company, which has been in Malaysia since 1965, is rolling out the 5G network in Malaysia. It has already been ... Read More

A National Housing Fund that will help B40 families buy their first home could be on the cards, says Local Government Development Minister Nga Kor Ming. This would be a new concept to help these families own houses, and among the proposals was that the government provide the 10% down ... Read More

Bosch, German-based engineering and technology company, plans to invest RM1.62 billion in phases within the next decade in its operations here to strengthen the global supply chain for semiconductors. Member of the Bosch Mobility Sector Board, Klaus Maeder said the long-term investment is a testimony to the company’s commitment towards ... Read More

Enovix Corporation (Enovix) an advanced silicon battery company, and YBS International Berhad (YBS), a Malaysia-based investment holding company will hold an official signing ceremony later today (Aug 1), to commemorate its new manufacturing facility in Penang Science Park. The event will include welcome addresses by the Minister of Investment, Trade ... Read More