There are still several questions left unanswered by the Penang government over the sale of the prime property. Several Penang-based analysts and local community leaders have questioned the Penang government for selling a 41.5ha plot of prime state land to a private developer, Ivory Properties Group Berhad, for RM1.07bil. Their ... Read More

PETALING JAYA: Bank Negara has assured that issues arising from the implementation of the Guidelines on Responsible Financing, which came into effect on Jan 1, would be smoothened out.However, the spirit of the guidelines, which promotes prudent, responsible and transparent retail financing practices as well as to ensure that the ... Read More

SHAH ALAM: SP Setia Bhd recorded a 26.6% year-on-year jump in new property sales to RM933mil for its first quarter ended Jan 31, 2012, compared with RM737mil a year earlier.President and chief executive officer Tan Sri Liew Kee Sin said he was confident about achieving the group’s target of RM4bil ... Read More

Tambun Indah Land Bhd plans to launch new projects worth RM570 million this year after generating strong property sales in its financial year ended Dec 31, 2011.In a statement today, Tambun Indah said it sold 912 units valued at RM347.3 million in financal year 2011 compared with 396 units valued ... Read More

SP Setia Bhd is still confident of achieving its sales target of RM4 billion in its financial year ending Oct 31, 2012 despite Bank Negara Malaysia's new guidelines for loan borrowers.President and chief executive officer Tan Sri Liew Kee Sin who welcomed the ruling, said the move would ensure only ... Read More

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

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 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

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

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