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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]
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.
Sunshine Square is a department store within George Town in the Malaysian state of Penang. Located within the township of Bayan Baru, the five-storey shopping centre was opened in 1993 as the flagship store of the local retail firm, Suiwah Corporation. [1] [2]
Komtar houses the Office of the Chief Minister of Penang, as well as agencies of the Penang state government and the Penang Island City Council.. The city centre of George Town encompasses 19 km 2 (7.3 sq mi) of the northeastern plains of Penang Island, forming the basin of the Pinang River, the main river system on the island.
The second phase – known as 'The Light City' – covered around 103 acres (42 ha), and included hotels, office towers, an RM80 million art gallery, a retail complex called 'The Waterfront Shoppes' and the Penang Waterfront Convention Centre (PWCC). [4] [5] [6] The PWCC is expected to be one of the largest convention centres in Penang, with a ...
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.
Wilson & Neubronner [1] The Bank of China Building is a historical building in George Town within the Malaysian state of Penang . Completed in 1905, the office building, situated at Beach Street within the city's Central Business District (CBD), originally served as the offices of the Netherlands Trading Society (NTS).
In 1875, the Chartered Bank of India, Australia and China (now Standard Chartered) became the first international bank to set up a branch at Beach Street, and by extension, George Town. [ 1 ] [ 2 ] It was the bank's second branch in British Malaya , after the Singapore branch that had been established in 1859.
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