News about Penan

Northeast said the move aims to mitigate delays in its factory expansion caused by regulatory requirements.

Construction started in October 2023, and the hotel is scheduled to open in the first quarter of 2026.

The acquisition brings Hektar REIT’s portfolio to eight properties, which currently include shopping malls and an educational facility.

"I want to stress that the RM13 billion figure has not been finalised.

As the first Crowne Plaza in Penang, the 23-storey, five-star waterfront hotel features 343 rooms and suites, catering to increased business travel and foreign investment activity in the northern state.

The proposed disposal is expected to be completed in the second half of 2025.

The industrial land, located in Daerah Seberang Perai Tengah, is situated along Jalan Perindustrian Bukit Minyak 18 and runs parallel to the North-South Expressway.

Gamuda is on track to reach the RM40 billion to RM45 billion target by the end of 2025, the research house noted.

Once the notice to proceed is issued, Gamuda will have six years to complete the contract.

On Tuesday, SkyWorld said it had signed a joint development agreement with the Penang Development Corporation (PDC) and its subsidiary PDC Properties, to undertake a project involving over 38,000 Rumah Mampu Milik Madani (RMM) and Rumah Bakat Baru Madani (RBB) homes priced at between RM225,000 and RM420,000.