The Seri Tanjung Pinang 1 project on the coast of Tanjung Tokong had caused sedimentation along the Gurney Drive shore and affected fishermen’s daily catch, said Malaysian Nature Society Penang chapter adviser Datuk Dr Leong Yueh Kwong.

Fishermen in the area are unhappy with the proposal by SRS Consortium Sdn Bhd to reclaim two islands off the shore near Kampung Permatang Damar Laut in Batu Maung, and said that once that happens, their livelihoods will never be the same again.

Parkson said the court’s decision will not have a material impact on its earnings for the financial year ending June 30, 2016.

Mah Sing said the vendor had offered to settle the dispute out of court by refunding the entire deposit, and Mah Sing has agreed to the settlement to avoid a protracted litigation.

Ewein Bhd said its 60%-owned subsidiary, Ewein Zenith II Sdn Bhd, has entered into a sale and purchase agreement (SPA) with Consortium Zenith BUCG Sdn Bhd (CZBUCG) to acquire all the freehold land in Section 1, Bandar Tanjong Pinang free from all encumbrances and with vacant possession.

Konsortium Transnasional Bhd (KTB) is disposing of a 0.63ha piece of industrial land in Larkin, Johor Bahru, to MHSB Development Sdn Bhd for RM2.1 million.

Warisan Residence 1 Phase 1C, the third and final sub-phase of double-storey terraced homes located in the township of Suria Warisan, has seen a take-up rate of 30% since its launch on Dec 4.

George Town joined other destinations, including Botswana, Bozeman in Montana, Cartagena in Colombia, Dublin in Ireland, Harlem in New York, San Sebastian in Spain, Stratford-Upon-Avon in England, and various US locations.