GEORGE TOWN, Sept. 23 -- The Penang Island City Council (MBPP) is expecting a drop in revenue of almost RM100 million for its 2021 budget.

MBPP Mayor Datuk Yew Tung Seang announced an estimated revenue of RM354.01 million for 2021 compared to the estimated revenue of RM451.7million this year, which is a drop of RM97.69 million in revenue.

"The estimated drop in revenue is largely due to an expected decrease in developments next year," he said after reading out the city council's budget for 2021.

He said the Covid-19 pandemic has left an impact on all industries which will also affect the council's revenue.

"We expect a drop in development charges by almost RM37 million next year," he said.

Yew said the city council will also be suffe...