The freeport is envisioned to offer tax exemptions on energy and maritime businesses, import-duty exemptions on most raw materials and equipment for manufacturing, unrestricted capital and profit repatriation, and allows 100% foreign ownership subject to conditions.
JKR and the Mineral and Geoscience Department (JMG) are still investigating the Arabella landslide.
Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa: Today, we are opening the project site for residents to see for themselves the improved living conditions they can look forward to.
The move comes as Batu Kawan continues to attract multinational manufacturers, semiconductor players, logistics providers and data centre operators, driven by Penang’s position as Malaysia’s top electrical and electronic (E&E) investment hub.
In August, E&O inked a deal to sell two adjoining freehold land parcels in Hammersmith—held under its indirect subsidiary Hammersmith Properties Ltd—to Varsity Capital 1 Propco Ltd for up to £90.
PLANMalaysia deputy director general (development) Saidin Lateh said the en-bloc approach practised in Singapore, Hong Kong and parts of Australia allows owners to collectively sell their properties and relocate.
However, Minister Nga Kor Ming said the move is subject to the decision of Prime Minister Datuk Seri Anwar Ibrahim in his capacity as leader of the House.
Outside at the Esplanade, Malaysia’s first outdoor skating rink circles the mall’s 80ft Christmas tree, set against the PETRONAS Twin Towers.
When we think of industrial areas, what comes to mind is often hard, cold, stoic places focused only on the function of production.
In an age where industries shift from manual to digital, production lines today run not just on steel and labour, but more and more on intelligence and data too.
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