KUALA LUMPUR: Lifestyle developer Mah Sing Group Bhd has reported a RM168.6 million net profit on the back of RM1.6 billion revenue for its financial year 2011. This represents 43 per cent and 41 per cent increases respectively against the net profit and revenue achieved in 2010. Property development projects ... Read More

PLB Engineering Berhad is launching, via its subsidiary PLB Land Sdn Berhad, a RM270mil mixed-development project on a 20.2ha site in Balik Pulau, Penang. It is called Prestige III Central Park City and the project will commence in the second quarter of 2012. Group executive chairman Datuk Ong Choo Hoon (pic) told ... Read More

Applications are coming in for the RM40mil Penang SME Centre which is scheduled to open in June this year. It has received enough to cover about 100,000sq ft of the floor area of the 166,874sq ft building. Penang SME Centre management council chairman Datuk Seri Kelvin Kiew said about 10 ... Read More

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