State government eases group’s application for affordable units
THE Penang government has finalised the application procedure and criteria for employees with talent and skills in Penang to own affordable housing units in the state. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said investPenang proposed that the Selection Process Enhance-ment Committee waive the requirement that employees from other states had […]
Malaysia’s 2Q economic growth slows to 4.9%
KUALA LUMPUR (Aug 13): Malaysia’s second quarter (2Q15) economic growth slowed to 4.9% from a year earlier on lower exports and as domestic consumption expanded at a weaker pace. In a statement today, the Statistics Department said the country’s 2Q15 economic growth as measured by its gross domestic product (GDP), slowed from 5.6% in 1Q15. “(2Q15) Exports […]
Malaysia’s first-quarter GDP up 5.6%
Though it beat forecast Malaysia’s gross domestic product (GDP) growth for the January-March quarter slowed from 5.7 percent in the fourth quarter of 2014, partly due to weak exports at the start of the year. The median forecast from a Reuters’ poll had reckoned on 5.5 percent growth in the first quarter. Growth would have […]
Penang sees RM5bil investments from 4 China MNCs listed in US
GEORGE TOWN: Penang will see some RM5bil worth of investments coming into the state in 2015 from four multinational corporations (MNCs) involved in electronic-based manufacturing activities. investPenang director Datuk Lee Kah Choon said these were only initial investments that would materialise over the next 12 months. Declining to name the companies, Lee said these could […]