News about Penang

Mah Sing Group Bhd (Oct 5, RM1.

The colonial heritage and architecture of Penang has been captured in a virtual smart map to support the preservation and monitoring of George Town’s cultural legacy.

SINCE its inscription in 2008 as one of five UNESCO World Heritage Sites in Malaysia, the city of George Town, Penang, has drawn greater attention from local and foreign travellers.

A mix of British, Indian, Chinese and Islamic influences, heritage sites and pre-war shophouses in Penang were a consequence of the socio-economic changes that followed the establishment of the Straits Settlement by the British.

KUALA LUMPUR (Sept 30): High-end property developer Eastern & Oriental Bhd (E&O) is maintaining its target of achieving RM173 million in net profit for the financial year ending March 31, 2016 (FY16) despite a challenging outlook for the company in view of the soft property market.

The Penang government today launched the ‘Talents and Skill’ category for workers looking to buy affordable homes in the state.

GEORGE TOWN (Sept 23): The Penang Green Council has developed a mobile application that encourages waste segregation and recycling in the hope that it will familiarise people with the practice before Penang adopts it next year.

Eastern & Oriental Bhd (Sept 18, RM1.

GEORGE TOWN (Sept 21) : Despite the dampened property market, developer Ivory Properties Group Bhd is anticipating its earnings for the financial year ending March 31, 2016  (FY16) to be comparable with FY15 — if not better — driven by two projects: the Penang Times Square and Penang WorldCity.

GEORGE TOWN (Sept 14): Eleven pre-war shophouses in Pulau Tikus, Penang, are set to relive their heyday in the 1920s with the restoration of their good looks and identity at the end of the year.