Matrade reported that Penang was Malaysia’s main exporter in 2023, contributing 30.5% or RM434.74 billion of the country’s total exports. 22 Jul 2024 PETALING JAYA: Penang remains Malaysia’s top exporter from January to May, with a value of RM177.99 billion, said Malaysia External Trade Development Corporation (Matrade) chairman Reezal Merican Naina Merican. He said Penang was also the...
An artist's impression of the sky deck at Crown Penang. KUALA LUMPUR (July 15): Chin Hin Group Property Bhd (KL:CHGP) unveiled its first development in Penang called Crown Penang on Saturday. According to a media statement issued on Saturday, the residential project is jointly developed by its subsidiary Stellar Platinum Sdn Bhd, Thirupathi Capital Sdn Bhd, and Ivory Meadows Sdn...
The facility is expected to generate monthly revenue of RM150 million at a maximum production of 750,000 copper-clad laminate sheets. Mass production will begin in the second quarter of 2025. June 21, 2024 GEORGE TOWN (June 20): Taiwan-based copper-clad laminate manufacturer Elite Material Co Ltd (EMC) is investing RM900 million to set up Penang Science Park North facility. EMC chairman and...
June 18, 2024 KUALA LUMPUR: The revised Malaysia My Second Home (MM2H) is expected to renew interest in the programme and spur the high-end segment of the property market. Hong Leong Investment Bank Bhd (HLIB) Research in a note today said the new MM2H guidelines, which received cabinet approval, are more relaxed than the 2021 version, with reduced requirements for fixed deposits, offshore income,...
KUALA LUMPUR (June 11): S P Setia Bhd (KL:SPSETIA), which previously failed to sell its 959.72-acre Tebrau land to Scientex Bhd (KL:SCIENTX) due to Bumiputera requirement issues, has finally sold the plot to a company linked to tycoon Tan Sri Syed Mokhtar Albukhary for RM564 million, cash. S P Setia first tried to sell the land to Scientex in 2021 for RM518.1 million, but the deal fell...
June 11, 2024 LOCALS and tourists in Penang can now skip the hassle of endless scrolling to find places of interest or famous food spots nearby. Instead, they can use the Foodie Guide on the MinitAgo App to explore Penang’s culinary delights and attractions effortlessly. MinitAgo is an innovative app that maps ongoing happenings in real time, making it useful and accessible worldwide. Penang...
June 6, 2024 Penang’s tourism outlook is growing tremendously well following the introduction of numerous direct flights to the island lately. Known for its food haven and heritage enclave, Penang has seen a surge in international visitors over the years. Several direct flights to Penang have been introduced recently, including Juneyao Airlines’ inaugural flight from Shanghai Pudong...
Thursday, 06 Jun 2024 PETALING JAYA: Malaysia has beat Singapore and Thailand as the most loved country in Asia in a ranking by American financial website Insider Monkey. It beat Singapore, which was at third place after Taiwan at second, Thailand at 11th and Indonesia at 12th place respectively. The New York-based website said Malaysia is known for its diverse mix of cultures and religions,...
Thursday, 30 May 2024 KUALA LUMPUR: Google will invest RM9.4bil (US$2bil) to house its first Google data centre and Google Cloud region in Malaysia, which is expected to support 26,500 jobs across various sectors and have an economic impact of about RM15.04bil, said the Ministry of Investment, Trade and Industry (Miti). The project, the technology giant's largest planned investment in Malaysia, will...
The group said RM16 million of the purchase price will be satisfied via the issuance of 17.98 million Ewein shares at 89 sen per share, while the remaining RM15.99 million is to be satisfied in cash. May 16, 2024 KUALA LUMPUR (May 15): Penang-based property developer Ewein Bhd (KL:EWEIN) is acquiring a company involved in the manufacturing of racking systems and machinery for about RM32...
KUALA LUMPUR (May 9): Property developer Kerjaya Prospek Property Bhd (KL:KPPROP) will jointly develop a piece of freehold land in Aspen Vision City, Batu Kawan, Penang into a mixed development that will include a hotel and serviced apartments. The land, which measures 221,198 sq feet and has a net book value of RM25.1 million, will be developed by a 70:30 special purpose vehicle (SPV) owned...
04 May 2024 BANGKOK (Bernama): The one-day Penang Street Food Festival 2024 held in Bangkok here on Saturday serves as a platform for Malaysian entrepreneurs in Thailand to expand their business. Malaysian ambassador to Thailand, Datuk Jojie Samuel, said there are many Malaysian entrepreneurs in Thailand, especially in the food and beverage industry, who operate small restaurants. "Besides...
Sunday, 05 May 2024 First phase slated for completion by year-end GEORGE TOWN: Penang can soon boast of an Integrated Circuit (IC) Design and Digital Park by year-end. Chief Minister Chow Kon Yeow said the two-phase project in Bayan Lepas would be fully completed by 2027. It will further solidify Penang’s position as a preferred investment destination for businesses and entrepreneurs, he...
Penang Chief Minister Chow Kon Yeow, who presented the mock cheques to the recipients of the heritage building repair incentives today, said 47 recipients were selected out of 76 applications for Category I buildings. — Bernama pic Monday, 29 Apr 2024 GEORGE TOWN, April 29 — The Penang government is rolling out its federal-funded heritage conservation initiative with an initial allocation...
April 27, 2024 AN investment of more than US$100 million is expected to be made in Penang by three prominent international semiconductor companies. The three companies – China Wafer Level CSP Co Ltd (WLCSP), Ningbo SJ Electronics Co Ltd (SJE) and Wuxi AMTE Inc (AMTE) are set to strengthen the integrated circuit (IC) design and advanced packaging sectors. WLCSP revolutionises the semiconductor...
Updated: Apr 17 In an exciting development for Penang's hospitality landscape, Malaysia Trade and Transport (MTT) Co. Sdn. Bhd., a beloved related company of MTT Shipping Sdn. Bhd., has recently acquired the iconic Evergreen Laurel Hotel located in the heart of Penang's vibrant Gurney Bay. This strategic acquisition aligns seamlessly with the ongoing redevelopment of Gurney Bay's waterfront area,...
April 22, 2024 PENANG has made it to the Malaysia Book of Records (MBOR) after more than one million trees have been successfully planted across the state to mark the Earth Day today. The initiative is known as the ‘Planting One Million Trees Within a Day in conjunction with Earth Day’. The programme has earned the distinction of planting the most trees in a single day. The tree planting...
Tuesday, 16 Apr 2024 PETALING JAYA: More developers are turning optimistic on the local property market amid positive news flow on potential infrastructure projects, active land transactions and influx of investments. RHB Investment Bank noted that major developers – except for UEM Sunrise Bhd, Sime Darby Property Bhd and S P Setia Bhd – are guiding for sales targets that are 10% to 15% higher...
Wednesday, 10 Apr 2024 GEORGE TOWN: The implementation of the Penang Mutiara Route Light Rail Transit (LRT) project is seen as a beneficial alternative transportation option for residents to alleviate traffic congestion and enhance urban mobility by connecting urban and suburban areas. The LRT line, expected to run from Silicon Island to Komtar and crossing to Penang Sentral in Seberang Perai, is also...
The Westin, Penang — Photo by Marriott The signing ceremony was graced by His Royal Highness, Tuanku Raja Muda of Perlis and Chairman of Westfield Global Sdn Bhd (centre) joined by Dato' Yeoh Yih Sean, Director of Westfield Global Sdn Bhd (on his left), Mr. Kevin Chen, Senior Vice President Hotel Development, Asia Pacific Marriott International (on his right) and witnessed by esteemed Directors from...