Gurney Wharf making good progress : Before-Today-Future

People strolling along Gurney Drive are getting a respite from the muddy water that used to come up the shoreline. A perimeter rock bund of the reclamation work going on off the coast has helped keep the murky water away, providing a jade-green seaview at high tide now. A spokesman for Tanjung Pinang Development, which…

Design Village Penang @ Penang Premium Outlets

Penang Design Village @ Penang Premium Outlets is an upcoming Premium Outlet situated at Batu Kawan.┬áLess than 5 minutes from north south expressway and from Penang Second Bridge. It is now under construction and on track for a Year End 2016 opening. Penang Design Village it is design to become world class shopping experience in…

Overnight Policy Rate (OPR) Reduce to 3.00 percent

At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 3.00 percent. The ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 3.25 percent and 2.75 percent respectively. The global economy continues to record growth at a more moderate pace,…

Penang state govt mulls rent control

Concern over rising rent in the George Town Heritage Zone has prompted the Penang government to consider reimposing rent controls like the repealed Rent Control Act 1966. Chief Minister said this was to ensure the Unesco recognised site was not adversely affected by gentrification. He was quick to add his administration did not want to…