Penang

In 2022, Malaysia's medical tourism revenue soared to approximately 1.3 billion Malaysian ringgit, marking a remarkable twofold increase from the previous year. Despite the challenges posed by the global pandemic, the resilience of Malaysia's healthcare sector has positioned the country as a premier medical destination in Southeast Asia, with Penang emerging as a prominent hub for medical...

In a groundbreaking move, the Penang government, in collaboration with Mass Rapid Transit Corp Sdn Bhd (MRT Corp), is spearheading the development of a 'low- to medium-capacity' system for the Penang LRT (Mutiara Line Light Rail Transit) project. This strategic decision marks a significant shift in the landscape of public transportation in Penang, with a strong focus on adaptability and efficiency to cater...

In the heart of Malaysia's vibrant northern state of Penang, a transformative development is underway that promises to reshape the landscape of the country's semiconductor industry. Taiwan-based Siliconware Precision Industries Co Ltd has broken ground on a groundbreaking RM6 billion semiconductor packaging and testing facility at the Bandar Cassia Technology Park, solidifying Penang's reputation as a...

Penang is currently experiencing an economic surge, characterized by dynamic growth in its technology, property, and construction sectors. This upward trajectory is significantly driven by consistent investments, particularly in the electrical and electronics (E&E) industry, and bolstered by substantial infrastructure enhancements across the state. Tech and Construction Sectors Flourishing RHB...

The unveiling of the Penang LRT Mutiara Line marks a transformative step in enhancing the state's transportation network. Spanning 28 kilometers and featuring 22 strategically placed stations, this line is set to significantly boost connectivity across Penang, providing efficient transit solutions from the mainland to the island's core urban areas. A Comprehensive Look at the Mutiara Line Stations The...

In a significant development in Malaysian infrastructure, Transparency International Malaysia (TI-M) has called for stringent independent oversight of the Penang Light Rail Transit (LRT) project. This call comes in light of concerns over the direct tender process awarded to SRS Consortium Sdn Bhd, a subsidiary of Gamuda Bhd. Muhammad Mohan, the president of TI-M, emphasized the necessity of third-party...

Penang is experiencing an unprecedented influx of tourists this Golden Week, as Chinese nationals enjoy a well-deserved break coinciding with International Workers’ Day. The island, known for its rich heritage and exquisite culinary offerings, has become a magnet for those looking to explore new cultures and cuisines. Jerry Chen, a project manager from Suzhou, is among the many who chose Penang as their...

Penang, often dubbed the Pearl of the Orient, enchants retirees with its seamless blend of historic charm and contemporary conveniences, underscored by a robust healthcare infrastructure. The rise of retirement homes in this picturesque locale reflects a society that values both tradition and modernity, providing a sanctuary for those seeking a serene yet stimulating golden age. Dr. Mastura Mohd Sopian, a...

Penang stands out as a beacon of investment success in Malaysia, achieving an impressive realization rate of 85% to 90% for projects announced by the Malaysian Investment Development Authority (Mida). This high rate of investment fruition underscores the state’s robust economic environment and its appeal to both local and international investors. A Thriving Manufacturing Hub Penang's Chief Minister,...

Penang's real estate sector is poised for significant growth, buoyed by the state's latest infrastructural developments and strategic initiatives aimed at enhancing connectivity and reducing traffic congestion. RHB Research has recently highlighted the optimistic outlook for Penang's property market, particularly in light of the Cabinet's approval of the Penang Light Rail Transit (LRT) Mutiara Line...