May 2023

Phase 1 of Penang LRT will now stretch from airport to Tanjung Bungah

By LO TERN CHERN NATION Tuesday, 30 May 20236:19 PM MYT GEORGE TOWN: Phase 1 of Penang's upcoming Light Rail Transit (LRT) project, initially planned from Penang International Airport (PIA) to Komtar, has now been extended all the way to Tanjung Bungah. Transport Minister Anthony Loke said that after reviewing the project's proposal, MRT Corp felt the route should go all the way...

E&O’s Andaman Island project a great push for Penang Green Agenda, says CM Chow

AdminMay 26, 2023 UNDER the Penang Green Agenda 2030, the state aspires to have at least five green townships by 2030, and Andaman Island Phase One is setting a high benchmark after attaining the GreenRE (Real Estate) Platinum Provisional Certification for the township and residential categories, Chief Minister Chow Kon Yeow said. Andaman Island, the brainchild of premier lifestyle property...

Tech park to breathe ‘new life’ into Penang’s economy, state’s 15-year investment figure announced

AdminMay 20, 2023 LET the figures speak for themselves, Chief Minister Chow Kon Yeow said after unveiling a staggering RM196.67 billion in total approved manufacturing investments recorded by the state from 2008 to 2022. He also said that investment figures are an important yardstick for politicians or the government of the day to prove that they can get the job done for the growth of the...

Penang to study scaling down, postponing part of PSI project after Putrajaya agrees to fund LRT

By BERNARD SEE NATION Sunday, 07 May 202311:49 AM MYT GEORGE TOWN: The Penang government will explore the possibility of scaling down or postponing part of the Penang South Islands (PSI) project after the Federal Government agreed to fully finance the state’s LRT project. Chief Minister Chow Kon Yeow said state officials will soon meet up with SRS Consortium, the project delivery...

Public Bank to raise base rates by 0.25% from May 8

BANKING Wednesday, 03 May 20235:55 PM MYT KUALA LUMPUR: Public Bank Bhd will increase its standardised base rate (SBR), base rate (BR) and base lending rate (BLR)/ base financing rate (BFR) by 0.25% effective May 8. Bank Negara has raised the overnight policy rate (OPR) hike by 25 basis points from 2.75% to 3.00% today. “The bank’s SBR will be 3.00% in tandem with the OPR while...

OCBC Bank extends RM700m financing to Ideal Property Group

Lee Weng Khuen / theedgemarkets.com May 02, 2023 | Updated 1 day ago (From left) OCBC Bank managing director and head of commercial banking Kevin Choo Cham Woon, managing director and head of corporate and commercial banking Jeffrey Teoh, with Ideal Property Group executive chairman Tan Sri Alex Ooi Kee Liang as well as chief operating officers Datuk Goh Teng Whoo and Connie Ang OCBC...

Island Plaza on road to new life as ‘Island 88’

AdminApril 26, 2023 THE once upon a time buzzing Island Plaza in Tanjong Tokong is set to take the limelight once again after a Hong Kong businessman snapped up the iconic landmark and has vowed to make the place great again! It will be renamed ‘Island 88’. Since the emergence of new shopping malls in the state offered stiff competition with one another, Island Plaza was neglected...