A project that ended in a whimper


WHEN the Penang Global City Centre (PGCC) was launched in 2007, it was touted as a major game changer to Penang. But it ended in a whimper partly because of its sheer scale which was not feasible.

The RM25bil PGCC project was to have been undertaken by Abad Naluri Sdn Bhd, an associate company of Global Oriental Bhd (formerly known as Equine Capital Bhd).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , PGCC , Penang , Abad Naluri

Next In Business News

Awanbiru appoints Azizah Ali as its group CEO
MN Holdings proposes transfer to the Main Market of Bursa Securities
Vantris Energy divests stake in L&T-Sapura Shipping for 124mil
Sunway launches RM11bil take-over of IJM Corp at RM3.15 a share
FBM KLCI hits six-year high, extends rally on stronger risk appetite
Singapore defends GIC, Temasek returns as reasonable
Gold breaches US$4,600/oz for first time ever as Powell-Trump rift stokes safe-haven demand
S.Korea, Taiwan stocks rally on AI optimism; Trump-Powell feud clouds outlook
Impact Capital eyes ACE Market listing
Rexit to be renamed Openmove AI from Jan 14

Others Also Read