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reps baffled over sale of penangs stake in pulau jerejak venture | the edge markets

(May 14): Backbenchers from both sides of the political divide heard for the first time at the Penang legislative assembly yesterday that the Penang Development Corporation (PDC) is selling its stake in Tropical Island Resort (TIR) to federal-link company UDA Holdings Bhd.

TIR is a 51:49 joint venture company by UDA and PDC, the state government's investment arm. It is involved in the development of Pulau Jerejak, an island off the southeastern coast of Penang Island. UDA is the majority stakeholder.

He was responding to Muhamad Farid Saad (BN-Pulau Betong) who had earlier asked the state to explain rumours that a luxury housing project of some 10,000 units and a bridge were in the pipeline for the island.

Local government exco Chow Kon Yeow (DAP-Padang Kota) reiterated that the sale would only involve the 49% stake owned by PDC, which included several lots of land where the Jerejak Rainforest Resort is also located.

Farid and Teh Yee Cheu (DAP-Tanjung Bungah), a known environmentalist among the elected representatives in Penang who has been fighting to save the Middle Bank not far from Pulau Jerejak, both said this was the first time they had heard of PDC selling its stakes in TIR.

penang cuisine | penang wikia | fandom

Penang cuisine refers to the multicultural cuisine of the State of Penang. Penang cuisine mostly comprise of street food popularly sold at roadside hawker stalls, in hawker centres or in coffeeshops across the State of Penang. For centuries, Penang Island has served as a melting pot for various ethnicities and religions; Penang cuisine reflects the hybrid mix of Chinese, Malay, Indian, Peranakan, Thai, Eurasian and European influences.

The capital city of Penang, George Town, has been internationally recognised as one of the best street food cities in the world over the past decade[1][2][3]. Indeed, Penang cuisine has been one of the main selling points of Penang's tourism marketing campaigns and Penang hawker food has even found its way to restaurants around the world.

Although Penang cuisine is generally similar to the street cuisines of Singapore and other parts of Malaysia, each Penang street food can be easily distinguished from similar varieties served in, say, Singapore and Kuala Lumpur.

A great number of dishes, snacks and desserts can be classified under Penang cuisine. For starters, the Penang state government has released a list of protected Penang street food, which includes some of the more popular and authentic Penangite street dishes[4]. The list is as follows.