News about Penang

Quarterly net profit edged up 0.

This involves about 1,260 acres of the total 2,300 acres to be reclaimed for the island known as Island A, which the project developer Silicon Island Development Sdn Bhd — the 70:30 joint venture between Gamuda and the Penang state government — had previously estimated would cost RM6 billion in total to reclaim, with the cost of common infrastructure expected to be RM2.

The group’s wholly-owned subsidiary Sunsuria Symphony Sdn Bhd (SSSB) will be acquiring MLSB’s shares through internally-generated funds from Ong Thuan Bok and Kho Weng Kooi — 640,000 shares (64%) from Ong and 160,000 shares (16%) from Kho.

Excluded from the ban are six types of commercial properties: serviced apartments, small office home offices (SoHo), small office flexible offices (SoFo), small office virtual offices (SoVo), office suites and duplex offices.

The four are Choo Kwang Wah and Choo Kwang Bin, who are children of the late Chor Phaik Sim, the other owner of the estate, and Datuk Seri Th’ng Boon Chye and Wong Kim Fong of the Kek Lok Si temple.

“It is important for us to remember those who need a helping hand, especially during thefestive seasons, to provide the assistance we can and give back to the underserved communities,” said S P Setia Foundation management committee and head, group branding & communications Adelene Wong.

“Gamuda claims that over 93% of public comments on the EIA favoured the reclamation project.

Gamuda raises the concern on the possible implications for “approval process of future development projects” given that the PSI project was scaled down half way through it.

"On top of that, we also expect the Bayan Lepas LRT under the Penang Transport Master Plan (PTMP) to kick off sooner than expected.

Crown Penang comprises 588 units within a 41-storey tower, and its units will feature smart-home technology in an urban resort setting.