Penang’s Fort Cornwallis South Moat restoration nears completion, set to open in July

The historic Fort Cornwallis in George Town is on the brink of unveiling its newly renovated south moat to the public. - File pic credit (Buletin Mutiara) By NST Regional - March 4, 2024 GEORGE TOWN: Chief Minister Chow Kon Yeow has announced that the historic Fort Cornwallis in George Town is on the brink of unveiling its newly renovated south moat to the public on July 7, Buletin...

5.7km bypass on island now 42% complete

The Package Two bypass stretching 5.7km is slated for completion in 2025. — Courtesy of Buletin Mutiara The construction of the Package Two bypass connecting Air Itam to the Tun Dr Lim Chong Eu Expressway reached a 42% completion stage in January this year. Penang infrastructure, transport and digital committee chairman Zairil Khir Johari said the RM851.04mil project would reduce the...

Penang welcomes concurrent arrival of two mega cruises

GEORGE TOWN — Penang welcomed two renowned cruises, Genting Dream and Royal Caribbean Spectrum Of The Seas which concurrently docked at Penang Swettenham Pier Cruise Terminal yesterday. In a proactive effort to bolster cruise tourism and strengthen partnerships within the industry, a courtesy visit by Penang State Tourism and Creative Economy (PETACE) chairman Wong Hon Wai and key stakeholders to...

Affinity Equity Partners to start bidding for Penang’s Island Hospital valued at RM4b — WSJ

KUALA LUMPUR (Feb 28): Buyout firm Affinity Equity Partners will start a bidding process in April for the sale of Penang-based Island Hospital, one of Malaysia’s largest healthcare providers, which is likely to fetch more than US$800 million (RM3.81 billion). Citing people familiar with the process, the Wall Street Journal (WSJ) on Monday reported that one of the people said foreign and...

Easy guide to filing rental income tax in Malaysia

Do you know that the income you receive from leasing out your properties is also taxable? Many mistakenly think that rental income is tax-free, consequently incurring penalties for under-reporting. EdgeProp February 22, 2024  We all know we need to pay taxes on the income we get from our vocations, be it as a hired worker, a gig worker or a self-employed businessman. However, do you know...

Eastern & Oriental’s 3Q earnings rise to RM34m lifted by its property and hospitality segment

Going into 4QFY2024, E&O aims to launch another new product offering on Andaman Island, with 261 units of low-density luxury serviced apartments. The project is slated to launch in 1QFY2025. KUALA LUMPUR (Feb 22): Property developer Eastern & Oriental Bhd (E&O) has reported a 14.47% growth in its third quarter net profit, thanks to higher contributions from its property and hospitality...

George Town’s captivating street murals

The street art in George Town is more than just an attraction; it's a conversation between the city and its inhabitants, past and present. - File pic credit (Penang Global Tourism) By NST Regional - February 18, 2024 GEORGE TOWN, a pulsating core of Penang, stands out not just for its rich history and diverse culture but also for its transformation into an open-air gallery of street...

The housing market will continue to stabilise in the coming year with ‘significant’ supply of new homes: Desmond Lee

Lee was speaking at the United Overseas Bank’s (UOB) Secured Loans’ Chinese New Year gala dinner on Feb 20. Felicia TanTue, Feb 20, 2024  The housing market is expected to continue to stabilise in the coming year with a “significant” supply of new homes coming on stream, says Minister for National Development Desmond Lee. Lee is also the Minister-in-Charge of Social Services...

New Penang hotel offers scenic city, sea views

Penang Marriott Hotel has 223 guest rooms alongside a 24-hour fitness centre, steam room and infinity swimming pool with sun deck. METRO NEWS | Wednesday, 21 Feb 2024 AN international hotel chain has made its entry into Penang. The Penang Marriott Hotel, situated along the seafront location of Gurney Drive, promises breathtaking sea and city views in addition to its central location in...

Penang the breeding ground of successful startups, large local companies – MP

Saturday, February 17th, 2024 at Economy | News GEORGE TOWN – Penang, being the Silicon Valley of the East, is the breeding ground for successful stories of startups and large local companies (LLCs) that are at par with technology giants of the world. One great example is homegrown industrial automation solutions provider Greatech Technology Bhd that was set up by Tan Eng Kee and...

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