Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 1.75 per cent, after concluding its Monetary Policy Committee (MPC) meeting today. In a statement today, the MPC considered the stance of monetary policy to be "appropriate and accommodative". It added that fiscal and financial measures would ... Read More

Titijaya Land Bhd and Penang Development Corp (PDC) have signed a memorandum of understanding (MoU) for the development of a RM9.9 billion Medi-Tech City occupying a 230-acre land in Batu Kawan, Penang. This project is expected to complete in 10 years. Medi-Tech City is earmarked to be an integrated, sustainable ... Read More

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

OSK Property is launching a new development at Harbour Place - Rubica, a serviced suite apartment at Jalan Assumption near the famous Jalan Chain Ferry and Jalan Raja Uda. Soaring at 34-level high, the apartment is just a stone’s throw away from Luminari, Butterworth’s most iconic masterpiece, which is awarded ... Read More

The Bukit Kukus bypass road here that was the site of a fatal landslide in 2018 was finally opened to traffic today. Part of the 3.8km Paya Terubong Paired Road project, it promises to cut down travel time between Air Itam and Relau from the current 20 to 30 minutes ... Read More

Construction works at Cecil Residency, a low medium-cost housing project located in the heart of George Town, is currently ongoing and is expected to be completed by early 2024, state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said. The project, which is fully funded by the ... Read More

Aspen Park Hills (APH), the indirect subsidiary of Aspen (Group) Holdings, has terminated its conditional share and purchase agreement with Geo Valley to purchase land in Paya Terubong. This was due to non-fulfillment of the conditions precedent, Aspen said in a bourse filing on last Wednesday (Dec 29). In 2019, ... Read More

Following the success of Seri Tanjung Pinang (STP), Eastern and Oriental Bhd (E&O) is gearing up to launch its second master-planned development in Penang. Aptly named Andaman after the surrounding sea, this 760-acre island, just across the waterway from STP, is envisioned as the next iconic E&O address. Andaman will ... Read More

The construction works of the Air Itam-Tun Dr Lim Chong Eu Expressway bypass (Package Two) are ahead of scheduled progress and they are expected to be completed by the end of January 2025. Chief Minister Chow Kon Yeow said, as of Nov 30 last year, the project’s actual progress was ... Read More

An international class hotel, known as Le Meridien Penang Airport, will be built in the middle of this year near the Penang International Airport in Bayan Lepas. The 200-room hotel, which is one of the components of a mixed-use development known as Penang Gateway, is slated to be completed in ... Read More