News about Penang

DESPITE the current weak market conditions, property developer Eastern & Oriental Bhd (E&O) is planning about RM1 billion worth of launches locally in the next six months (1H2016).

GEORGE TOWN (Jan 8): The final cost of the Penang Transport Master Plan (PTMP) could balloon to more than the estimated RM27 billion once all the plans — including for the elevated rail system alignment — and the relevant detailed studies are completed, with federal approvals obtained.

Eco World Development Group Bhd (Jan 5, RM1.

KUALA LUMPUR (Jan 5): LBS Bina Group Bhd has set a sales target of RM1.

Ewein Bhd  Ewein Bhd is set to see meaningful full-year contributions from its property development project in Penang this financial year ending Dec 31, 2016 (FY16), which is expected to bolster its pre-tax profit significantly.

AUTOMOTIVE sales supervisor Wong Yoon Lim from Langkawi has his wife Sue Khoo to thank for winning the first prize in the Jet Set with Setia campaign’s second draw.

GEORGE TOWN (Dec 30): Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state.

GEORGE TOWN (Dec 29): The federal government should approve the Penang Transport Master Plan so that the state government cannot use it as a "political gimmick" to raise public outcry, says Penang state exco Chow Kon Yeow (pictured).

GEORGE TOWN (Dec 29): Green groups are right to be worried about new land reclamation projects on the southern part of Penang island due to bad experiences with previous ones on the north side, even as the Penang government seeks to assuage residents’ fears.

GEORGE TOWN (Dec 29): There are mixed feelings among Penang folk about land reclamation, especially the latest plan to create man-made islands off the southern coast of the island to finance the RM27 billion Penang Transport Master Plan (PTMP).