KUALA LUMPUR: Banks and related industries backed the move by Bank Negara in pushing for responsible financing to enhance consumer protection and reduce household debt.“Banks will continue to engage closely with their customers by providing advice to ensure debt commitments are within their repayment capacities,” said Association of Banks Malaysia ... Read More

KUALA LUMPUR: A Bill to make it a criminal offence for developers who fail to complete their projects has been tabled in Parliament for first reading. Under Clause 9 of the Housing Development (Control and Licensing) (Amendment) Bill, errant housing developers can be fined up to RM500,000, jailed up to ... Read More

GEORGE TOWN: The state government will not allow any new land reclamation along Gurney Drive as part of its deal with developers to construct infrastructure projects. Chief Minister Lim Guan Eng said any land swap would only involve the existing land reclamation rights granted to Eastern & Oriental Bhd by ... Read More

KUALA LUMPUR: Deputy Prime Minister Tan Sri Muhyiddin Yassin has questioned the logic behind the proposed third link between Penang island and the mainland, warning it may end up being a waste of funds. “It is up to the Penang Government to decide on this project. But I must caution them against ... Read More

KUALA LUMPUR (Nov 15): The Penang government has proposed to undertake four road infrastructure projects worth up to a combined RM8 billion to reduce traffic congestion in the state. The move is deemed crucial to manage transportation needs of an expanding population there amid higher tourist arrivals, Chief Minister Lim ... Read More

KUALA LUMPUR, Nov 14 — The Penang government today announced an ambitious RM8 billion plan to construct four major road and tunnel projects that aim to reduce traffic congestion in the state. Touting it as the state government’s biggest infrastructure exercise to date, Penang Chief Minister Lim Guan Eng said ... Read More

PETALING JAYA: Dijaya Corp Bhd and Ivory Properties Group Bhd shares were up after the companies announced a tie-up for a mixed-property project with a gross development value of RM10bil in Bayan Mutiara, Penang. Dijaya rose 3.6%, or 5 sen, to RM1.44 while its warrants advanced 6.5%, or 3 sen, ... Read More

GEORGE TOWN (Nov 13, 2011): The recently unveiled 'Penang World City' planned on reclaimed land south of the Penang Bridge with an estimated gross development value of RM10 billion is subject to Environmental Impact Assessment (EIA). In asserting this, Chief Minister Lim Guan Eng also clarified that the beach along ... Read More

THE Penang Government is allocating RM500mil, generated from the sale of a 41.5ha prime site along the Tun Dr Lim Chong Eu Expressway on the island, to set up an Affordable Quality Homes Fund. Chief Minister Lim Guan Eng said the allocation was consistent with the state government's commitment towards ... Read More

Dijaya Corp Bhd and Ivory Properties Group Bhd will jointly develop a land in Penang that could generate RM10 billion in gross development value. The project in Bayan Mutiara, Penang, will be undertaken by a joint-venture company called Tropicana Ivory Sdn Bhd (TISB). Dijaya will hold 49 per cent of ... Read More