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The Chartered Bank of India, Australia and China (known as Chartered Bank), a British bank established in 1853 was established in Penang in 1875. It is the oldest bank branch in Malaysia, [3] and was the leading bank in colonial Malaya, [4] later, in 1969, merging with Standard Bank to form Standard Chartered Bank.
The George Town Central Business District (CBD) is the financial and political centre of the city of George Town, the capital of the Malaysian state of Penang.The financial district, which was first envisioned by the Penang Island City Council's Local Plan 2030, lies entirely within the city centre, and is home to much of the city's banking and financial services. [1]
The property also consists of a retail podium and offices, including the Penang branch of Al-Rajhi Bank. [1] [2] Gurney Walk. Gurney Walk, a three-story lifestyle commercial area, features various retail shops, cafes, and restaurants alongside a spa and fitness facilities located at the podium of the hotel.
A shophouse is a building type serving both as a residence and a commercial business. [1] It is defined in the dictionary as a building type found in Southeast Asia that is "a shop opening on to the pavement and also used as the owner's residence", [ 2 ] and became a commonly used term since the 1950s. [ 3 ]
The Perai Free Industrial Zone (Perai FIZ) is a free trade zone within Seberang Perai in the Malaysian state of Penang.Located within the suburb of Perai and 4.7 km (2.9 mi) south of Butterworth, the Perai FIZ was established in 1980 with the aim of becoming a major manufacturing hub for bulk items, leveraging its proximity to the Port of Penang and the railway line that links it to the rest ...
Island 88, formerly known as Island Plaza, is a shopping mall within George Town in the Malaysian state of Penang.Located at the suburb of Tanjong Tokong, the 500,000 sq ft (46,000 m 2) retail complex was opened in 1995. [1]
Initially planned as Phase 4 of the Komtar project, 1st Avenue Mall was eventually developed by a private developer and opened to the public in 2010. Upon its completion, it competes directly against the adjacent Prangin Mall and has since attracted a variety of well-known international fashion brands, including H&M, Skechers, Cotton On and Victoria's Secret.
GAMA was originally founded as the Pulau Pinang Supermarket by Mr Chang Cheng Guan, Mr Chia Siak Leng and Mr Tan Peck Yon. Mr Chang Cheng Guan is a Kedah-born entrepreneur who had been impressed by Singapore's booming retail scene at the time [1] [4] Mr Chia Siak Leng and Mr Tan Peck Yong were both Singapore-born entrepreneurs who had the vision for importing goods from China when it wasn't ...
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