KUALA LUMPUR (Aug 27): Paramount Corp Bhd (KL:PARAMON) is accelerating its land replenishment drive with plans to secure land with gross development value (GDV) potential of up to RM6 billion by year end, as the property developer seeks to sustain its pipeline while keeping to its core markets in the Klang Valley, Penang and Kedah. Group chief executive officer Jeffrey Chew Sun Teong said the...
Thu, 21 August 2025 GEORGE TOWN, Aug 21 — Penang said today that it has remained as a main medical tourism destination in Malaysia after recording RM888.7 million in revenue last year. Penang Chief Minister Chow Kon Yeow said the state recorded 412,944 foreign patients last year, according to figures collected from 17 members of Penang Centre of Medical Tourism. “As of August 18, Penang has...
August 15, 2025 CHIEF Minister Chow Kon Yeow has proposed a closer integration between the Penang State Structure Plan 2040 (RSNPP 2040) and the 2035 Local Plan (island) Draft (DRTPP2035), to ensure better alignment and more efficient development planning across the state. Speaking during a stakeholder engagement session hosted by the Penang Island City Council (MBPP) at JEN Hotel this morning, Chow...
State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari said the strategic plan aims to raise the digital economy’s contribution to 35 per cent of Penang’s GDP by 2030. Saturday, 09 Aug 2025 GEORGE TOWN, Aug 10 — Increasing Penang’s Gross Domestic Product (GDP) contribution from RM116 billion in 2023 to RM156 billion by 2030 is among the key success metrics under the...
Friday, 08 Aug 2025 PETALING JAYA: Skyworld Development Bhd had inked a sales and purchase agreement to acquire four adjoining parcels of land in Seberang Perai Tengah, Penang for RM82.7mil cash. The agreement was entered via its 70%-indirect subsidiary Prefab Master (Penang) Sdn Bhd, with Tan Tio Che @ Tan Chew Cheng. In a filing with Bursa Malaysia, SkyWorld said the 26.37-acres of land just...
Penang Chief Minister Chow Kon Yeow speaks during the AI Horizon 2025 conference at Spice Arena in George Town on Aug 8, 2025. Friday, 08 Aug 2025 GEORGE TOWN, Aug 8 — Artificial intelligence (AI) will be a key driver of Penang’s competitiveness and long-term economic sustainability, Chief Minister Chow Kon Yeow said today. He said that AI plays a crucial role in empowering digital...
Penang Chief Minister Chow Kon Yeow (centre, standing) witnesses the signing ceremony for the financing facility of the Penang Hill cable car project, in George Town, on Aug 6, 2025. — Picture by Opalyn Mok GEORGE TOWN, Aug 6 — The Penang Hill Cable Car project received a RM367.2 million infusion today after Hartasuma Ropeways Sdn Bhd inked a financing partnership with Bank Pembangunan Malaysia...