Latest news with #PIFC
The Star
27-07-2025
- Business
- The Star
PIFC proposal under discussion with federal authorities
GEORGE TOWN: The proposed establishment of the Penang International Financial Centre (PIFC) is currently at the discussion stage with the Federal Government, Bank Negara and the Securities Commission. Chief Minister Chow Kon Yeow said the think tank, Penang Institute, was given the role to initiate the expression of interest process last March, and the results had already been presented to the state Cabinet. 'As a long-term plan to sustain the state's continuous growth, the proposed PIFC project will be realised, which includes the development of a site measuring almost 100 acres (40.46 hectares) and involves various financial facilities and supporting infrastructure. 'This includes fund management, an international convention centre, high-end banking services, a fintech free trade zone and a logistics hub,' he said in his speech at the investiture of the state awards, medals and honours at Dewan Seri Pinang here yesterday. The ceremony, which was held in conjunction with Penang Governor Tun Ramli Ngah Talib's 84th birthday celebration, saw 280 individuals receiving awards, medals and honours. In the Bernama report, Chow said PIFC aims to attract new capital to strengthen the semiconductor sector in the Northern Corridor, in line with the New Industrial Master Plan 2030 and the National Semiconductor Strategy. Meanwhile, he said the Sedusun Tech Valley project by the Northern Corridor Implementation Authority is currently at project site clearance stage, and is expected to be fully completed in the first quarter of 2027. The Chief Minister said it is an effort to make Penang an 'Agricultural Silicon Valley' that focuses on the smart farming industry towards increasing agricultural yields optimally compared to traditional methods. In addition, Chow said the state government is giving priority to addressing the people's mobility, including an application under the 13th Malaysia Plan (13MP) involving the upgrading of the federal route from Bayan Lepas to Teluk Kumbar to a four-lane dual carriageway. 'It is also seen to solve the missing link issue that has long affected the smooth flow of traffic in the southern part of the island, and the state government is also awaiting the implementation of the Juru-Sungai Dua Elevated Expressway project scheduled to begin in the fourth quarter of this year,' he said. Chow also expressed hope that more projects listed and presented under the 13MP requirements will receive the attention of Prime Minister Datuk Seri Anwar Ibrahim.
Irish Examiner
26-07-2025
- Sport
- Irish Examiner
Goal-hungry Glanmire swift out of traps to beat Bandon
Cork Premier IFC: Glanmire 2-15 (2-0-15) Bandon 0-17 (0-3-11) Two first-half goals were crucial for Glanmire as they overcame Bandon in a titanic and highly entertaining PIFC game played in beautiful sunshine at Ballincollig. Credit to Bandon who pressed hard and got back on level terms after trailing by seven points at one stage of the opening half. But Glanmire had terrific pace in attack with Brian Galvin and Cathal McCarthy which proved too hot to handle. Aided by a slight breeze, Glanmire opened the scoring with an excellent point from the outstanding Brian Galvin after a good team move. Both defences were on top early on as both teams wasted a couple of decent chances. Bandon replied in excellent fashion with their talisman Michael Cahalane landing three points on the bounce, the third a superb effort with his left foot. Daniel Molden scores from the penalty spot for Glanmire against Bandon goalkeeper Ciaran McCarthy in the McCarthy Insurance Group Premier Intermediate Football Championnship clash; Bandon vs Glanmire at Ballincollig. Picture Larry Cummins Glanmire reduced the gap to the minimum with a long-range effort from David Lynch before Brian Galvin landed a sweet equaliser: 0-3 each. Glanmire hit the front when James Crowley flicked over a good point from play. The city side were really dominating now and a superb run from Daniel Hogan resulted in a Glanmire penalty after he was pulled down with the goal at his mercy. Experienced full-forward Daniel Molden made no mistake with a bullet to the corner of the net, 1-4 to 0-3 at the end of the first quarter. A shell-shocked Bandon landed a badly needed two-pointer with an excellent effort from Conor Calnan. Glanmire doubled their goal tally after a brilliant individual effort from Cathal McCarthy to establish a significant lead. Molden converted another chance from Glanmire with a well-taken score which pushed their lead out to seven points. But Bandon rallied significantly in the closing minutes of the opening half with a magnificent two-point score from Michael Cahalane from a very difficult angle. The impressive Conor Calnan reduced the gap to four points by finishing off an excellent team move, 2-7 to 0-9 at halftime. On resumption, Cahalane landed a placed effort before the experienced Molden cancelled it out with a Glanmire free. Bandon continued to press with Jack Cullinane clipping over before Michael Cahalane landed a glorious two-pointer. Bandon landed the equalising score with a fine effort from substitute Darren Crowley, 0-14 to 2-8 after 40 minutes. Both sides failed to score for the following 10 minutes before Glanmire seized control of the contest. Goalkeeper Brendan O'Connell edged them in front with a placed free before excellent points from Darragh Murray and Brian Galvin edged them three points in front. Cahalane replied with a free for Bandon as the tension mounted for the closing minutes. Glanmire were under plenty of pressure at this time but counter-attacked brilliantly with the lively Cathal McCarthy landing a lovely individual score. DMurray, who had an excellent game, added another before McCarthy sealed the victory with another super score. Scorers for Glanmire: D Molden 1-3 (1-0 pen, 0-2 f ), C McCarthy 1-2, D Lynch, B Galvin 0-3 each, D Murray 0-2, B O'Connell (f), C Crowley 0-1 each. Bandon: M Cahalane 0-11 (2 2pt, 0-4 f ), C Calnan 0-3 (1 2pt, 0-1 f), J Cahalane, D Crowley, P Murphy 0-1 each. GLANMIRE: B O'Connell; R McSweeney, C O'Donovan, O Kelleher; B Murphy, D Kenneally, D Murray; C Crowley, T Hourihan; D Hogan, J Crowley, B Glavin; C McCarthy, D Molden, D Lynch. Subs: R Barry for J Crowley (41), H Jones for R Barry ( 48, inj), A Marron for B Murphy (50), K Kenneally for D Lynch (55), R McCarthy for B Galvin (62). BANDON: C McCarthy; E Twomey, B Crowley, E McSweeney; C Lynch, P Murphy, C Calnan; R Long, D O'Donovan; J Calnan, J Mulcahy, P Callinan; M Sugrue, M Cahalane, J Cullinane. Subs: D Crowley for M Sugrue (h-t), C Long for P Calnan (43), J Callinan for D O'Donovan (55). Referee: P O'Leary (Kilmurry).
The Sun
26-07-2025
- Business
- The Sun
Penang International Financial Centre in talks with BNM, Securities Commission
GEORGE TOWN: The proposed Penang International Financial Centre (PIFC) has reached the engagement stage with Bank Negara Malaysia (BNM) and the Securities Commission, marking a key milestone in its development. Chief Minister Chow Kon Yeow confirmed the progress, noting that the Penang Institute had completed the Expression of Interest (EOI) process earlier this year. 'The results have been presented to the state Cabinet, and we are committed to realising this long-term project,' Chow said during an investiture ceremony at Dewan Seri Pinang. The PIFC will span nearly 100 acres, featuring financial facilities such as fund management, fintech zones, and an international convention centre. The initiative aligns with the New Industrial Master Plan 2030 and the National Semiconductor Strategy, aiming to attract capital for the Northern Corridor's semiconductor sector. Chow also highlighted the Sedusun Tech Valley project, which is set to transform Penang into an 'Agricultural Silicon Valley' by promoting smart farming for higher yields. Infrastructure upgrades remain a priority, with plans to expand the Federal Highway from Bayan Lepas to Teluk Kumbar and commence the Juru-Sungai Dua Elevated Expressway by late 2025. Chow urged federal support for these projects under the 13th Malaysia Plan. - Bernama
Barnama
26-07-2025
- Business
- Barnama
PIFC Establishment Now At Engagement Stage With BNM, Securities Commission
GEORGE TOWN, July 26 (Bernama) -- The proposed establishment of the Penang International Financial Centre (PIFC) is currently at the engagement stage with the federal government, Bank Negara Malaysia (BNM) and the Securities Commission. Chief Minister Chow Kon Yeow said the think tank, Penang Institute, was given the role to initiate the Expression of Interest (EOI) process last March, and the results had already been presented to the state's Cabinet. 'As a long-term plan to sustain the state's continuous growth, the proposed PIFC project will be realised, which includes the development of a site measuring almost 100 acres (40.46 hectares) and involves various financial facilities and supporting infrastructure. 'This includes fund management, an international convention centre, high-end banking services, a fintech free trade zone and a logistics hub,' he said in his speech at the investiture of the state awards, medals and honours at Dewan Seri Pinang here today. The ceremony, which was held in conjunction with the Penang Governor Tun Ramli Ngah Talib's 84th birthday celebration, saw 280 individuals being honoured with the state's awards, medals and honours. Chow said PIFC aims to attract new capital flows to strengthen the semiconductor sector in the Northern Corridor, in line with the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS). Meanwhile, he said the Sedusun Tech Valley project through the Northern Corridor Implementation Authority (NCIA) is currently in the stage of clearing the project site and is expected to be fully completed in the first quarter of 2027. The Chief Minister said it is an effort to make Penang an 'Agricultural Silicon Valley' that focuses on the smart farming industry towards increasing agricultural yields optimally compared to traditional methods. In addition, Chow said the state government is also giving priority to addressing the urgent needs of the people's mobility, including through the application under the 13th Malaysia Plan (13MP) involving the upgrading of the Federal Highway from Bayan Lepas to Teluk Kumbar to a four-lane dual carriageway.
Irish Examiner
06-07-2025
- Sport
- Irish Examiner
Aghabullogue, Kilmurry, Canovee and Timoleague secure Cork SFL titles
While the Cork hurlers were the main talking point on Leeside over the weekend, on the club scene it was all about football with six finals of the McCarthy Insurance Group League down for decision. St Finbarr's and Knocknagree took the laurels in Division 1 and 2 respectively on Friday night, while Aghabullogue and Bandon closed off the weekend in the Division 4 final in Ballymah on Sunday night. Aghabullogue played with the aid of a strong wind in the opening half, and they made hay, building a 0-16 to 0-1 lead to bring into the interval. 0-10 of that tally came from two-pointers and despite Bandon landing two goals from Ben Donegan and Jack Calnan in the second half, they had left themselves too much of a mountain to climb as Aghabullogue won by 0-19 to 2-2. Evan O'Sullivan was the winning side's top scorer with 0-5, Luke Casey and Aaron O'Sullivan both kicked 0-4 while Colm Gillispie landed 0-2 from midfield. Aghabullogue will take on Bantry Blues in the opening round of the PIFC on 26 July, while Bandon will play Glanmire. Dunmanway hosted the Division 5 final between Gabriel Rangers and Kilmurry on Sunday with Kilmurry, inspired by Ruadhán Ó Curraoin, recording an impressive 2-23 to 0-13 victory. The Galway man kicked 1-11, with 0-8 coming from two-pointers, Denis O'Mullane bagged the other major while James O'Mullane clipped 0-3. Mark Cronin fired 0-6 for Gabriel Rangers with James O'Regan and Keith O'Driscoll both kicking 0-3. Kilmurry will face St Vincent's in the IAFC in three weeks' time, while Gabriel Rangers will play Mitchelstown. John O'Mahony presents Anthony O'Connor with the cup after Knocknagree's Division 2 Cork football league final success against Carbery Rangers at Ballvourney, Co. Cork. Pic: David Creedon Kilmurry's neighbours, Canovee, annexed the Division 6 final with a 5-9 to 1-6 over St Nick's in Ovens on Thursday. Jack Kelleher led the way for the Muskerry men, kicking 1-5, Aidan Moynihan helped himself to 2-1 with James Moynihan and Conor Dodd raising the other green flags. Gavin Marshall scored the goal for Nick's while Lee Quilligan kicked 0-2. Canovee will play Urhan in their opening championship game while Nick's will face off against Ballydesmond. Argideen Rangers secured the Division 7 title with a 1-12 to 1-8 win over Kilmacabea. Fergal Walsh kicked 1-2 for Argideen with his goal just after half time crucial in turning the tide in his side's favour. Darragh Walsh kicked 0-4 for Argideen and Sean Walsh popped up with 0-2 while Damien Gore was Kilmacabea's main threat with 1-2. The attention of both sides now turns to the Carbery Junior 'A' Football championship. Finally, the Division 3 final between Clyda Rovers and Uibh Laoire will take place on July 18th.
