Penang

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...

Penang's New LRT Line: A Leap Toward Enhanced Urban Mobility and Tourism The eagerly anticipated Penang Mutiara Route Light Rail Transit (LRT) project is set to redefine transportation in the region, offering a much-needed solution to the perennial traffic congestion by connecting vital urban and suburban areas. This strategic development is not just a transit project; it is a transformative urban...

The unveiling of the Penang Light Rail Transit (LRT) Mutiara Line project has sparked a vibrant discussion about the future of transportation and socio-economic development in Penang. Amidst this discourse, Chief Minister Chow Kon Yeow has called on non-governmental organisations (NGOs) and the public to recognize the transformative potential of the project, highlighting its thorough planning process and...

Diving straight into the heart of groundbreaking developments, Fajarbaru Builder Group Bhd has recently clinched a pivotal contract, setting the stage for an ambitious redevelopment project at the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang. This remarkable venture, valued at RM11.04 million, not only marks a significant milestone for Fajarbaru but also highlights the company's robust...

Imagine finding a travel destination that not only enchants with its culture, cuisine, and stunning landscapes but also ranks as an unbeatable value for your holiday budget. Penang, known affectionately as the Pearl of the Orient, has clinched the 11th spot in the 2024 edition of the Holiday Money Report, marking it as a must-visit locale for savvy travelers seeking both adventure and affordability. This...

The Penang state government is steadfast in its commitment to the Silicon Island reclamation project, spanning 930 hectares, despite facing a lawsuit from local fishermen and environmental groups. Chief Minister Chow Kon Yeow confirmed that the project's development would proceed as planned, pending the outcome of the court's decision regarding the legal challenge initiated by seven fishermen and two...

The groundbreaking ceremony of Batu Kawan Industrial Park 3 (BKIP3) in Penang marked a significant milestone in the state's industrial achievements, as highlighted by Prime Minister Datuk Seri Anwar Ibrahim. The event underscored Penang's historical success in spearheading industrial development through the Penang Development Corporation (PDC), which has notably influenced the nation's economic...

In a significant development for Penang International Airport's expansion project, the Penang government has successfully addressed the relocation concerns of over 50 Malaysia Airports Holdings Bhd (MAHB) employees. The affected staff, who resided in quarters within the expansion project's vicinity, have been offered affordable housing solutions in Teluk Kumbar, as announced by Chief Minister Chow Kon...

In a strategic move to fuel the development of its ambitious 760-acre Andaman Island project in Penang, property developer Eastern & Oriental Bhd (E&O) is finalizing discussions with banks to secure financing between RM1 billion and RM1.5 billion. According to Managing Director Kok Tuck Cheong, the second phase of this expansive project necessitates a total investment of RM2 billion, marking a...