News about Penang

GEORGE TOWN (Aug 20): Penang hopes that its proposal to establish the Penang International Financial Centre (PIFC) will receive the federal government’s approval through Budget 2027, said Chief Minister Chow Kon Yeow.

GEORGE TOWN (Aug 18): The Butterworth-Kulim railway line, Penang Coastal Ring Road and The Penang Gateway are among 14 high-impact projects identified in the draft Penang State Structure Plan 2040 (RSNPP 2040) Review to enhance regional connectivity and stimulate economic growth.

GEORGE TOWN (Aug 18): Penang will implement new guidelines for temporary worker housing within local authority administrative areas effective Sept 1, with such accommodation only permitted in commercial and industrial areas.

PETALING JAYA (Aug 18): YBS International Bhd is buying a Penang industrial property occupied by its wholly-owned subsidiary Oriental Fastech Manufacturing Sdn Bhd (OFM) for RM23.

GEORGE TOWN (Aug 17): The proposed construction of Penang’s third bridge or an undersea tunnel from Gurney Drive to Bagan Ajam remains included indicatively in the draft Penang Structure Plan (RSNPP) 2040 (Review).

D’Tiara Residence is a freehold high-rise residential development by GSD Land located in Teluk Kumbar, Bayan Lepas, Penang.

PETALING JAYA (Aug 14): US medical-technology company Intuitive (listed on Nasdaq: ISRG) expects spending linked to its planned Penang manufacturing operation to approach US$500 million (about RM2.

Montage Residence is a freehold condominium development located in Sungai Nibong, Penang, developed by Prisma Bumiraya Sdn.

PETALING JAYA (Aug 8): Penang should combine enforcement, technical guidance and financial assistance to improve the safety of ageing buildings in George Town, rather than relying on enforcement alone, state Tourism and Creative Economy Committee chairman Wong Hon Wai said.

PETALING JAYA (Aug 6): Penang will conduct a statewide assessment of the structural safety of heritage buildings following Tuesday's (Aug 4) incident on Armenian Street in George Town, where debris fell from a heritage shophouse and injured two Sri Lankan tourists.