Penang extends 5pct discount for overhang property to all buyers
Chief Minister Chow Kon Yeow said the conditions remain unchanged, as previously announced, with the discount offered for one year under the Madani Home Ownership Campaign (MOC).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
21 hours ago
- The Star
Foreign investors still show interest in Penang
Chow says Penang is committed to developing its integrated circuit design ecosystem. PENANG continues to get foreign investment interest despite uncertainties caused by the 19% tariff on Malaysia's exports to the United States, says Chief Minister Chow Kon Yeow. He said investors from countries like the US, China and Singapore have shown interest in Penang. 'InvestPenang has been busy managing enquiries from foreign investors looking to set up plants here. 'I attended a coordination meeting on a big investment and even though this is still at the initial stage, all relevant agencies are working towards securing this investment,' he said in a press conference at his office. Chow said despite the uncertainties, Penang remained committed to developing its integrated circuit (IC) design ecosystem through initiatives such as Silicon Design @5km, the IC Design Park and the Penang Chip Design Academy. 'The 19% tariff on Malaysian exports to the US, matches rates imposed on other Asean countries. 'This places Malaysia back on a level playing field in the region.' When asked about investment and job opportunities in Penang in the past five years, Chow said between 2020 and the first quarter of 2025, the state recorded RM191.4bil in approved manufacturing investments. 'There have been 79,498 jobs created during that period. 'The annual breakdown for the investments are RM14.1bil in 2020, RM76.2bil (2021), RM13.7bil (2022), RM63.4bil (2023), RM17.3bil (2024) and RM6.7bil in the first quarter of 2025,' he said. On reports that the US may impose a 100% tariff on imported semiconductor chips, Chow said no official decision has been made. 'We will have to wait for the official announcement. 'Such speculation prolongs uncertainty and affects decision-making by multinationals.' Prior to Aug 8, he said semiconductor exports from Malaysia to the US were exempt from the 19% tariff. He urged the Investment, Trade and Industry Ministry to continue engaging with the US to maintain the exemption. On Aug 6, US President Donald Trump reportedly said the US would impose a tariff of about 100% on imported semiconductor chips and that the new tariff rate would apply to 'all chips and semiconductors coming into the US'. However, Trump said the tariff would not apply to companies that had already committed to manufacturing in the US or were in the process of doing so.
New Straits Times
3 days ago
- New Straits Times
Penang eyes AI as key driver for economic growth, competitiveness
GEORGE TOWN: Penang is prioritising artificial intelligence (AI) as a core driver to enhance long-term economic competitiveness and sustainability under its innovation-led development strategy. Chief Minister Chow Kon Yeow said AI will be pivotal in advancing digital education, improving smart public services and fostering entrepreneurship under the Penang2030 Vision, themed 'A Family-Focused, Green and Smart State that Inspires the Nation.' "Penang has long been a national technology hub. As we shift to a knowledge- and innovation-based economy, AI is critical for sustained growth and global relevance," he said at the launch of AI Horizon 2025 today. The initiative is backed by the upcoming Penang Digital Economy Master Plan 2025–2030, which focuses on business digitalisation, talent development, as well as strengthening the startup and high-tech ecosystem, including AI hubs, data centres and tech incubators. Also present was Deputy Chief Minister II Jagdeep Singh Deo, chair of the state's Human Capital Development, Science and Technology Committee. Chow noted the initiative aligns with the federal government's goal under the 13th Malaysia Plan (13MP) to establish Malaysia as a regional AI leader by 2030. "The digital future cannot wait. AI must be embraced beyond professionals and introduced early in schools, Technical and Vocational Education and Training (TVET) institutions and universities," he said. Chow also praised the strong turnout at AI Horizon 2025 as a sign of public readiness to embrace AI technology. Organised by Tech Dome Penang in partnership with the Ministry of Science, Technology and Innovation (MOSTI), HRD Corp, Penang Island City Council (MBPP), the State Education Department (JPNPP), and Penang STEM, the one-day event brought together policymakers, industry leaders and educators to accelerate AI adoption at national and global levels. The event featured more than 50 local and international tech firms and over 50 strategic partners, with activities including youth AI competitions, a young engineers' programme, expert panels, public forums, and exhibitions by multinationals, small and medium enterprises, and local startups showcasing AI innovations.
The Sun
3 days ago
- The Sun
Penang embraces AI for economic growth under Penang2030 vision
GEORGE TOWN: Penang is positioning artificial intelligence (AI) as a central pillar of its economic growth strategy. Chief Minister Chow Kon Yeow highlighted AI's role in digital education, smart governance, and entrepreneurship under the Penang2030 vision. He stated that AI is vital for maintaining Penang's status as a technology hub and ensuring global competitiveness. The AI Horizon 2025 initiative supports this vision, backed by the upcoming Penang Digital Economy Master Plan 2025–2030. The plan focuses on digitalising businesses, nurturing talent, and expanding high-tech ecosystems, including AI hubs and data centres. Deputy Chief Minister II Jagdeep Singh Deo, overseeing human capital and tech development, also attended the launch. Chow emphasised alignment with Malaysia's 13th Plan to become a regional AI leader by 2030. He urged early AI integration in schools, TVET institutions, and universities to prepare the workforce. The strong public turnout at AI Horizon 2025 reflects growing interest in AI adoption. The event, organised by Tech Dome Penang and partners like MOSTI and HRD Corp, gathered policymakers and industry leaders. Over 50 tech firms and partners participated, featuring competitions, expert panels, and AI innovation exhibitions. The initiative aims to accelerate AI adoption across industries and education for long-term economic resilience. - Bernama
