Ring in the Year of Blessings and Renewed Bonds with Paramount Property this Chinese New Year! Join Paramount Property for a festive celebration filled with joy, family-friendly activities, and exciting offers.

Event Details:

• Date: 1 February 2025
• Time: 10 AM – 5 PM
• Venue: Paramount Property Gallery @ Utropolis Batu Kawan

What’s in Store:

• Lion Dance Performance
• Chinese Knot Craft Workshop
• Appearance by the God of Prosperity
• Kids DIY Craft Workshop

✨ Enjoy special Ang Pows worth up to RM18,000* and exclusive festive offers when you RSVP and attend!

Bring your family and friends to experience the festive spirit and create heartwarming moments.

RSVP Now

Reserve your spot today at savanacny2025.property.cc and make this celebration a memorable one.

For more details, visit Paramount Property’s official website.

In its latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) announced its decision to maintain the Overnight Policy Rate (OPR) at 3%. This move aligns with the central bank’s goal of fostering sustainable economic growth while maintaining price stability.

The global economy showed stronger-than-anticipated growth in 2024, driven by robust performance in major economies and increased global trade. For 2025, global economic prospects remain positive, bolstered by stable labor markets, easing inflation, and less restrictive monetary policies. Continued momentum in the technology sector is expected to support global trade. However, uncertainties related to potential trade and investment restrictions and elevated policy risks could introduce volatility in global financial markets.

Domestically, Malaysia’s economic growth in 2024 met expectations, with strong performance across various sectors. Looking ahead to 2025, resilient domestic expenditure will continue to be a key growth driver. Factors such as wage and employment growth, adjustments to the minimum wage, and increased civil servant salaries will bolster household spending.

Investment activity is expected to thrive, supported by ongoing multi-year private and public sector projects, high realization of approved investments, and initiatives under national master plans. These developments, alongside increased capital imports, are set to enhance export performance and expand Malaysia’s productive capacity. Exports will also benefit from the global tech upcycle, rising non-electrical and electronics goods, and higher tourist spending.

Nevertheless, growth faces potential risks, including an economic slowdown among major trading partners, increased trade restrictions, and lower-than-expected commodity production. On the upside, stronger spillovers from the tech sector, more vigorous tourism activity, and expedited investment project implementation could further boost the economy.

Inflation remained manageable in 2024, averaging 1.8%. Heading into 2025, inflation is expected to remain under control, thanks to easing global costs and the absence of excessive domestic demand pressures. Lower global commodity prices are projected to moderate cost conditions, while the impact of domestic policy reforms on inflation is anticipated to be contained. However, inflation risks could arise from domestic policy spillovers, global commodity price fluctuations, and financial market developments.

The ringgit’s performance continues to be shaped by external factors. Narrowing interest rate differentials between Malaysia and advanced economies provide positive momentum for the currency. Despite potential market volatility due to global policy uncertainties, Malaysia’s favorable economic prospects and structural reforms will help sustain the ringgit’s stability.

BNM’s decision to keep the OPR at 3% reflects its commitment to a monetary policy stance that supports economic growth while ensuring price stability. The MPC will remain vigilant in monitoring economic developments and stands ready to adjust its policies to maintain a conducive environment for sustainable growth.

With a stable OPR, Malaysia is well-positioned to navigate global economic uncertainties while capitalizing on domestic strengths to sustain its growth trajectory in 2025.

Wakaf Majlis Agama Islam Negeri Pulau Pinang (Wakaf MAINPP) and Perda Ventures Incorporated Sdn. Bhd. (PVISB) have signed a memorandum of understanding (MoU) to develop wakaf land at Lot 60, Mukim 11, Bayan Lepas.

The project will include the construction of 510 affordable housing units and 12 commercial lots, with an estimated value of RM170.1 million on the one-hectare site.

According to Deputy Chief Minister I, Dato’ Dr. Mohamad Abdul Hamid, the joint venture is expected to generate RM19 million in returns for Wakaf MAINPP. He highlighted that this initiative would maximize the potential of wakaf land as a productive asset, contributing positively to socioeconomic development.

The MoU, signed on January 18, was witnessed by Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi. Wakaf MAINPP was represented by its Secretary, Dato’ Rosidi Hussain, and CEO, Abdul Mohsein Mohd. Shariff, while PVISB was represented by Datuk Mohd. Asri Baharum and its CEO.

The wakaf land, originally donated by Allahyarham Putteh Masseh in 1948, has been registered under MAINPP since 1994. This project marks a significant step in leveraging wakaf assets for community benefit.

PROJECT LOCATION:

Looking for the perfect home? Now’s your chance with an exclusive rebate of RM28,888 for a limited time only! Don’t miss this golden opportunity to secure a brand-new home in one of the most sought-after locations. Whether you’re upgrading or buying your first home, this is your moment to make your dream a reality.

Hurry! This special promotion is only valid until 21 Feb 2025. To learn more, join PDC Properties at the CNY Open House at the PDC Gallery, Batu Kawan, on 29 & 30 January 2025 from 10:00am to 4:00pm. PDC Properties will guide you through this exciting journey and ensure you don’t miss out on this exclusive offer.

Take the first step towards owning your dream home today! 🌟

For further details, please contact PDC Properties at 04-240 1999

Artist impression

In a major boost to Penang’s economic and healthcare landscape, Fajarbaru Builder Group Bhd (FBG) and the Penang Development Corporation (PDC) have signed a Master Purchase and Development Agreement (Master PDA) to create the groundbreaking Penang Medi-City in Batu Kawan. This transformative project aims to establish a medical and commercial hub that will attract global attention and investment.

Transforming Batu Kawan with Medi-City

Spanning 235.81 acres in Bandar Cassia, Penang Medi-City will be developed in phases, with the first phase covering 51.17 acres. This initial stage will prioritize a state-of-the-art urban enclave that seamlessly integrates healthcare, residential, retail, and commercial components. It is expected to contribute RM2 billion to Penang’s gross domestic product (GDP) upon completion.

FBG Group Executive Chairman Tan Sri Chan Kong Choy highlighted the project’s extensive economic and social benefits. “The development is expected to generate tens of thousands of jobs across construction, healthcare, retail, and more,” he stated. “Medi-City will position Penang as a competitive, forward-thinking hub, attracting businesses and residents from across Malaysia and beyond.”

Chief Minister Chow Kon Yeow echoed this sentiment, emphasizing Medi-City’s potential to enhance Penang’s economic resilience and global competitiveness. He also noted the synergy between Batu Kawan’s industrial zone and the Medi-City ecosystem, envisioning significant collaboration opportunities.

Phase 1: Healthcare and beyond

The first phase of Penang Medi-City will feature a 200-bed specialist hospital occupying 30% of the development area. The remaining land will accommodate residential, commercial, and infrastructure projects, creating a balanced and vibrant ecosystem for both local and international communities. This phase underscores the state’s commitment to becoming an international medical hub equipped with comprehensive healthcare solutions and modern facilities.

Strategic partnerships and long-term vision

FBG and PDC have secured the support of key strategic partners, including Pelaburan Hartanah Berhad (PHB), Cellaax Therapy, KJTS Group Berhad, and Solarvest Energy Sdn Bhd. These collaborations reflect the confidence in Medi-City’s potential and its capacity to drive economic and healthcare innovation.

With three development phases planned, Penang Medi-City will eventually house four private hospitals alongside an extensive range of residential and commercial facilities. While details of the remaining 184.64 acres have yet to be unveiled, the project’s overarching vision is clear: fostering unity, building community, and driving innovation.

“Penang Medi-City is not just about healthcare,” Chan emphasized. “It’s about creating an inclusive environment that promotes growth and strengthens Penang’s position as a leading hub for medical excellence.”

The signing ceremony at the Eastern and Oriental Hotel in George Town was witnessed by distinguished guests, including Yang di-Pertua Negeri Tun Ahmad Fuzi Abdul Razak and Chief Minister Chow Kon Yeow, signaling strong governmental support for this ambitious initiative.