News about Penang

PETALING JAYA (July 2): Oriental Holdings Bhd (OHB) said the second sale and purchase agreement (SPA 2) under its proposed RM411 million acquisition package involving hotel‑related assets in Penang and Langkawi has become unconditional after the remaining conditions precedent were fulfilled or waived.

PETALING JAYA (July 1): Ideal Property Group has completed all infrastructure works for its 880-acre Penang Technology Park @ Bertam, with the development moving into its full delivery phase following the completion of its landmark entrance gateway.

This article appeared in the June 11, 2026 issue of the monthly print edition.

PETALING JAYA (June 27): Penang Port has called a tender for a 2.

KUALA LUMPUR (June 22): S P Setia Bhd broke ground on its 509-acre Setia Fontaines Industrial Park in Bertam, Kepala Batas in Penang on June 20, in a ceremony attended by Prime Minister Datuk Seri Anwar Ibrahim and Penang Chief Minister Chow Kon Yeow.

PETALING JAYA (June 11): YLI Holdings Bhd has clarified that 75% of the RM20.

KUALA LUMPUR (June 12): Kerjaya Prospek Group Bhd (KL:KERJAYA) has teamed up with Aspen Vision Development Sdn Bhd (AVD), a subsidiary of Singapore-listed Aspen (Group) Holdings Ltd, to develop a 34.

PETALING JAYA (June 11): Property developer Eastern & Oriental Bhd (E&O) announced the launch of AVÉA, a RM1 billion serviced apartment development at Gurney Green within Andaman Island, Penang, slated for completion in June 2030.

GEORGE TOWN (June 10): The Penang state government will obtain a comprehensive report and feedback from the Department of Environment (DOE) before deciding on the proposed Jelutong landfill rehabilitation and sea reclamation project at Karpal Singh Drive here.

GEORGE TOWN (June 8): Construction of stations for the Mutiara Line Light Rail Transit (LRT) project is progressing steadily, with station designs currently awaiting approval from the Penang Island City Council, which is expected soon.