News about Penang

PETALING JAYA (May 6): Magni-Tech Industries Bhd has announced that its wholly-owned subsidiary, Magni Land Sdn Bhd (MLSB), entered into a Sale and Purchase Agreement (SPA) yesterday (May 5) with Neoh Choo Ee & Company Sdn Bhd for the acquisition of a freehold parcel of vacant land in Bandar Tanjong Bungah, Daerah Timur Laut, Pulau Pinang for a total cash consideration of RM133.

GEORGE TOWN (May 5): The Penang Development Corporation (PDC) and Malaysia Airports Holdings Bhd (MAHB) have approved the setting up of a joint venture company, Syarikat Usahasama PILA Sdn Bhd, to implement the Penang International Logistics Aeropark (Pila) project.

GEORGE TOWN (April 24): The Penang government is not involved in the selection of the company to be awarded the contract for Package 2 of the Mutiara Line Light Rail Transit (LRT) project, as it falls under the authority of the project owner, Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp).

PETALING JAYA (April 16): ECM Libra Group Bhd has completed the disposal of Tune Hotel George Town Penang to Wealthpro Holdings Sdn Bhd for a total cash consideration of RM51,888,000.

KUALA LUMPUR (April 15): Muhibbah Engineering (M) Bhd (KL:MUHIBAH) said it has secured a subcontract worth RM120 million from Gamuda Industrial Building System Sdn Bhd under the Penang LRT Mutiara Line project.

GEORGE TOWN (April 14): Penang is currently carrying out earthworks and soil treatment for the Penang International Logistics Aeropark (Pila) project, with the first phase of the free commercial zone-class air cargo warehouse expected to be completed and operational in 2029.

GEORGE TOWN (April 13): Only part of the Sungai Nibong Festival Site will be used for the Penang Mutiara Line Light Rail Transit (LRT) project depot, with the remaining area being maintained for community use.

GEORGE TOWN (April 13): The Mutiara Line Light Rail Transit (LRT) project has shown positive progress, with land acquisition for Segments 1 and 2 currently underway in stages, thus reflecting the continued progress of Penang's high-impact public transportation project.

BATU KAWAN (April 11): PE Land Group will anchor Capstone Corporate Suites with a 35,000-sq ft regional office upon completion, marking a key milestone for the 36-storey Grade-A office tower in Bandar Cassia, and reinforcing Batu Kawan’s emergence as Penang mainland’s business hub.

GEORGE TOWN (April 10): Penang on Tuesday launched its Publicity and Public Participation Programme for the Final Report of the Draft of the Penang Silicon Island Local Plan (RTPSI) 2050, which was specifically designed for a greenfield area or fully reclaimed development.