HGD marks Penang milestone with fully sold Balik Pulau commercial breakout

HGD marks Penang milestone with fully sold Balik Pulau commercial breakout

news

Updated:
  • Heng Guan Development has launched the Balik Pulau Commercial Centre, valued at RM18.3 million.
  • All units were sold to a single buyer for a supermarket before construction began.
  • The developer aims to expand its community-scale projects across northern Malaysia.
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In conversation with: Northern Corridor Economic Region (NCER) chief executive Datuk Mohamad Haris Kader Sultan

In conversation with: Northern Corridor Economic Region (NCER) chief executive Datuk Mohamad Haris Kader Sultan

news

Updated:
  • As of September 2025, NCER has secured RM58.39 billion in investments, creating nearly 16,000 jobs!
  • Kedah has contributed RM14.94 billion, generating 2,566 jobs, mainly in high-tech manufacturing.
  • NCER is focused on ensuring liveability through housing and community infrastructure plus industrial growth.
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Melaka notches RM14.7b investments in 2025, highest in 22 years

Melaka notches RM14.7b investments in 2025, highest in 22 years

news

Updated:
  • Melaka has achieved its highest investment in 22 years, totaling RM14.68 billion across 312 projects.
  • Chief Minister Ab Rauf Yusoh highlighted investor confidence in the state's stable administration and economic direction.
  • The state aims to create 4,000 jobs through these projects while promoting Technical and Vocational Education and Training.
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In conversation with: Invest Penang CEO Datuk Loo Lee Lian

In conversation with: Invest Penang CEO Datuk Loo Lee Lian

news

Updated:
  • Penang's E&E sector led Malaysia's FDI, accounting for 53% of manufacturing investments in 1H2025.
  • The state targets high-value investments in advanced manufacturing, especially IC design.
  • Infrastructure improvements aim to attract high-end manufacturing and support workforce development.
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Mutiara Line LRT: Penang govt focusing on land, resident resettlement issues, says CM

Mutiara Line LRT: Penang govt focusing on land, resident resettlement issues, says CM

news

Updated:
  • Penang is addressing land acquisition and resettlement for the Mutiara Line LRT project.
  • Chief Minister Chow Kon Yeow noted that the relocation process is on schedule, affecting about 12 houses.
  • LRT aims to enhance connectivity and reduce congestion, with operations expected to start in December 2031.
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CIDB launches DCM to accelerate industry digitalisation

CIDB launches DCM to accelerate industry digitalisation

news

Updated:
  • The Malaysian Construction Industry Development Board launched the Digital Construction Management platform.
  • This initiative aims to enhance the construction sector's competitiveness through digital transformation.
  • The web-based platform improves project management efficiency and is already used in over 60 large-scale projects globally.
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The Johor wealth exchange: IOI Prop banks the land as AME Elite builds the future

The Johor wealth exchange: IOI Prop banks the land as AME Elite builds the future

news

Updated:
  • Johor is emerging as Malaysia's fastest-growing investment corridor, attracting RM110 billion in 2025.
  • AME Elite is acquiring land from IOI Properties to expand its industrial footprint.
  • This alignment of strategies reflects the growing demand for industrial space.
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The semicon pivot: Shedding low-cost assembly for high-value innovation

The semicon pivot: Shedding low-cost assembly for high-value innovation

news

Updated:
  • Malaysia is rapidly advancing in the semicon industry, now ranking as the sixth-largest exporter globally.
  • The nation aims to evolve from assembly to integrated chip design and innovation.
  • Malaysia's semiconductor sector is crucial for its economy, contributing 25% of exports and 7% of GDP.
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RM44 billion order book, RM50 billion target: Why EPF and Gamuda insiders are buying at 11-month lows

RM44 billion order book, RM50 billion target: Why EPF and Gamuda insiders are buying at 11-month lows

news

Updated:
  • Gamuda Bhd shares hit an 11-month low after disappointing earnings, dropping 6.3% to RM3.89.
  • Despite this, the EPF and insiders are buying shares, indicating confidence in long-term growth.
  • Analysts remain bullish, with 20 out of 21 firms recommending "Buy,".
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Local councils can act on abandoned vehicles in strata properties — the law already allows it

Local councils can act on abandoned vehicles in strata properties — the law already allows it

news

Updated:
  • Deputy Minister Datuk Aiman Athirah Sabu stated local councils lack authority over abandoned vehicles.
  • However, the Strata Management Act 2013 provides mechanisms for management bodies to address such issues.
  • Residents can notify management bodies or the Commissioner of Buildings for enforcement.
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HGD marks Penang milestone with fully sold Balik Pulau commercial breakout