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Giving credit to Penangites

The Penang government gave credit to all 1.6 million Penangites for a "historic feat" after the state recorded the highest manufacturing investments in the country, for the second year running, last year. "This is a marvellous and incredible achievement for the second smallest state in Malaysia without any natural resources," ... Read More

Market makeover

ONE of the oldest markets in Penang — the Chowrasta Market — will be transformed into an iconic landmark in the state under a proposed major facelift project costing up to RM12mil. Well-known for its stores selling second-hand books, preserved fruits and other titbits, the run-down three-storey building is set ... Read More

IJM Land pre-tax profit dips to RM76m

IJM Land Bhd posted a lower pre-tax profit of RM76.3 million for the third quarter ended Dec 31, 2011, from RM105.6 million in the same period previously.Revenue, however, rose to RM292.9 million against RM255.2 million before.In a filing to Bursa Malaysia, it said the lower pre-tax profit was mainly due ... Read More

Fighting for housing rights

Balik Pulau MP Yusmadi Yusoff has asked Malaysian Anti-Corruption Commission (MACC) to probe possible irregularities in development projects in Balik Pulau, Penang. “I invite them to investigate but if there is none (no irregularities), then it is fine. “So far there are about 80 families which are facing court cases ... Read More

Chief Minister: Bid was done on time

GEORGE TOWN: Penang Chief Minister Lim Guan Eng has refuted claims that Ivory Properties Group Berhad – the winning bidder for the purchase of a 41.5ha plot of land in Bayan Mutiara – had submitted its tender proposal after the close of the bidding period. Lim said the company’s proposal ... Read More

RM16mil road widening project to be completed by June

The long wait for the completion of a 1.3km-long road widening project between Federal Route One in Simpang Ampat and the traffic lights near the North-South Expressway’s (NSE) toll plaza at Batu Kawan, Penang, will be over soon. Chief Minister Lim Guan Eng said the Public Works Department (PWD) was ... Read More

Group says it bought land via open tender

GEORGE TOWN: Ivory Properties Group Berhad (IPGB) has clarified that it won the bidding for the sale of the 41.5ha land in Bayan Mutiara through open tender. Its chairman and group CEO Datuk Low Eng Hock said the company had participated in the tender called by the Penang Government, which closed on Dec 31, ... Read More

Penang BN chief: I have proof land sale was not via open tender

GEORGE TOWN: Penang Barisan Nasional chief Datuk Zainal Abidin Osman has produced a document which he claims proves that the Bayan Mutiara land sale was not done via open tender. He has asked Chief Minister Lim Guan Eng to keep his word and retire from politics. At a press conference ... Read More

Batu Kawan to rival Bayan Lepas

BUTTERWORTH: Batu Kawan, once a rural swampland of oil palm estates, is set to become the next Bayan Lepas, Chief Minister Lim Guan Eng said. He said three major investments from Robert Bosch, Boon Siew Honda and VAT Manufacturing Malaysia totalling about RM10bil in Batu Kawan would have spillover effects ... Read More

Avenue offers new way to invest in properties

AVENUE Properties Bhd has introduced a scheme for retail investors to buy interests in properties. The company launched yesterday Avenue Hotel Property Interest Scheme, offering 10,500 property interests or units where 70 per cent are available for the public to buy at RM4,800 each. Chief executive officer Richard Woo said ... Read More