JMR Conglomeration Bhd is focused on turning the group’s property development segment into the group’s core business. Presently, the group’s asphaltic concrete plants in Juru and Langkawi generate 70% of JMR’s revenue, while the property division contributes the remainder. Group managing director Dennis Chung Vui Ming told StarBiz after an AGM ... Read More

Icon City, the brainchild of trendsetting developer Iconic Development Sdn Bhd, sold out all their units in 20 minutes when it was launched 5 years ago in Juru, Penang. If you missed the chance back then, regret not, because a new golden opportunity has arrived in the form of its ... Read More

PKT Logistics Group, a socially responsible company providing logistics services today celebrated its structural “topping-up” ceremony for its upcoming The Ship Campus. The Ship Campus will be one of the nation’s few college campus located in an industrial park. The top-up ceremony was graced by the presence of Chief Minister ... Read More

Decent affordable housing is fundamental to the health and well-being of people, and to the smooth functioning of economies. Yet around the world, in developing and advanced economies alike, cities are struggling to meet that need. In line with the country’s commitment to provide adequate and affordable housing for all ... Read More

The first phase of Penang’s RM6.34bil tunnel and roads projects is set to kickstart construction by end-October 2019, amid criticism on the project’s cost and the delay in completing the feasibility study. Consortium Zenith Construction Sdn Bhd, which is the main contractor for the multi-billion-ringgit project, has clarified that a master ... Read More

Iconic Point Preview Roadshow happening soon this coming Merdeka! Drop by to get first-hand information on the latest commercial hub Iconic Point & Soft Launch Event. Line up of exciting activities for you and family such as Iconic Photogenic Contest and clown appearance! See you soon! For more info please ... Read More

The proposed Penang undersea tunnel project report submitted for review by the technical consultant is over 90% complete and there’s no plan to stop the project, said Chief Minister Chow Kon Yeow (pic). The 7.2km tunnel project costing RM6.3bil connects Gurney Drive to Bagan Ajam in Seberang Prai and is ... Read More

Transport Minister Anthony Loke today gave a commitment that the systems upgrade for the Penang ferry service, will begin next year. The upgrading project to be undertaken by Prasarana Malaysia Bhd (Prasarana), the owner and operator of transportation services in the country, will include the introduction of catamarans apart from ... Read More

Bank Negara Malaysia’s easing of eligibility requirements for its RM1 billion Fund for Affordable Homes should lead to at least a 20% increase in home loan approvals for first-time homebuyers, said Finance Minister Lim Guan Eng. He added that it will help first-time homebuyers see a 20% reduction in their ... Read More

The Penang branch of the Malaysian Institute of Estate Agents (MIEA) has asked that the government extend the incentives under its Home Ownership Campaign (HOC) to encompass the secondary market. MIEA Penang chairman Christina Choong said house buyers were given stamp duty exemption under the HOC but this only applied ... Read More