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

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

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

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

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