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Living in Penang: What you need to know

Living in Penang: What you need to know

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Updated:
  • Penang, known as the Pearl of the Orient, offers a unique blend of culture and modern living.
  • It caters to various lifestyles, from heritage sites in George Town to coastal condos in Batu Ferringhi.
  • With ongoing infrastructure improvements and a vibrant economy, Penang remains an attractive destination.
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DRB-HICOM 1Q2026 PBT more than doubles to RM192.4m; property segment revenue falls 70.2%

DRB-HICOM 1Q2026 PBT more than doubles to RM192.4m; property segment revenue falls 70.2%

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Updated:
  • DRB-HICOM's property segment saw a 70.2% revenue drop to RM13.89 mil in 1Q2026 due to reduced activity.
  • Despite this, overall revenue rose 15.7% to RM4.76 bil, driven by mobility, banking, and postal sectors.
  • The group anticipates a moderate outlook for 2026, focusing on cost efficiency and digitalisation.
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CHGP 1QFY26 revenue rises 15.6% to RM241.7m, driven by strong execution and cash generation

CHGP 1QFY26 revenue rises 15.6% to RM241.7m, driven by strong execution and cash generation

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Updated:
  • Chin Hin Group Property Bhd reported strong 1Q results for FY26, with revenue up 15.6% to RM241.7 million.
  • The property development segment drove performance, contributing 96.4% of total revenue.
  • An interim dividend of 1.0 sen per share was declared, reflecting the group's solid cash position.
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Aspen clarifies RM818 mil bid for Batu Kawan Industrial Park 2

Aspen clarifies RM818 mil bid for Batu Kawan Industrial Park 2

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Updated:
  • Aspen Group CEO Datuk M Murly said there were no proposed deductions from the RM818 mil bid.
  • The PDC assessed the bid at RM500 mil, citing costs for infrastructure that Aspen disputes.
  • Aspen calls for an independent review of the proposal process.
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Malaysia’s top 7 global trust ranking shows nation on right track, says Nga

Malaysia’s top 7 global trust ranking shows nation on right track, says Nga

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Updated:
  • Malaysia ranks seventh in the 2026 Edelman Trust Barometer, indicating strong institutional confidence.
  • The Trust Index rose from 66 to 71 points, reflecting public trust in governance and development.
  • Government aims to maintain transparency and inclusivity to foster unity and address social challenges.
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Selangor boosts industrial growth through strategic policy initiatives

Selangor boosts industrial growth through strategic policy initiatives

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Updated:
  • Selangor is enhancing its status as an industrial hub with initiatives for industrial park development.
  • The Managed Industrial Park guidelines and SPEED Selangor Policy aim to attract high-value investments.
  • Emphasising SMEs and mid-tier companies, Selangor focuses on strengthening local capabilities.
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Radium records higher revenue and profit in 1QFY2026, driven by Klang Valley development progress

Radium records higher revenue and profit in 1QFY2026, driven by Klang Valley development progress

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Updated:
  • Radium Development Bhd reported a revenue of RM70.8 mil for 1QFY2026, up from RM40 mil last year.
  • The company is diversifying into healthcare, with plans for Radium Hospital @ Ayer Keroh, a 140-bed facility.
  • Shareholders approved this diversification, supporting ongoing property developments and future projects.
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MOT cites legal, technical continuity for single-source Penang LRT Package 1 procurement

MOT cites legal, technical continuity for single-source Penang LRT Package 1 procurement

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Updated:
  • The Transport Ministry defends using a single-source RFP for the RM7.93 bil Penang Mutiara Line LRT project.
  • This approach aims to ensure legal continuity and leverage SRS Consortium's existing expertise.
  • Future project packages will require open tenders to promote transparency and competition.
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KL Metro launches RM1.6 bil Lexis Hibiscus 2 with 15-year leaseback scheme

KL Metro launches RM1.6 bil Lexis Hibiscus 2 with 15-year leaseback scheme

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Updated:
  • KL Metro Group is launching Lexis Hibiscus 2, a RM1.6 bil project with 910 overwater villas.
  • The development aims to capitalise on growing tourism and investment demand in Port Dickson.
  • Construction has begun and is expected to be completed in four years.
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Kerjaya Prospek sees more job opportunities, unfazed by Mideast war-driven cost hikes

Kerjaya Prospek sees more job opportunities, unfazed by Mideast war-driven cost hikes

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Updated:
  • Kerjaya Prospek Group remains confident in navigating rising construction costs amid the Middle East conflict.
  • Executive chairman Datuk Seri Tee Eng Ho believes cost pressures are manageable due to their experience.
  • The group anticipates securing more jobs this year, potentially exceeding its RM2 bil target.
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