Tambun Indah 2Q net profit down 23% on fewer on-going projects
KUALA LUMPUR (Aug 22): Tambun Indah Land Bhd saw its net profit fall 23.
E&O on active lookout for STP2 Phase 2A investors to raise cashflow
KUALA LUMPUR (Aug 21): Lifestyle property developer Eastern and Oriental Bhd (E&O) is on the lookout for Tier 1 and Tier 2 investors, either local and foreign parties, to enter into joint ventures (JV) to develop its 253-acre Phase 2A land in Seri Tanjung Pinang 2, Penang (STP2A).
Penang’s High Court building in need of repairs
KUALA LUMPUR (Aug 20): Lawyers are demanding that Penang’s High Court building (pictured) in Light Street here be repaired as they feel that it is already dangerous to people working there.
Penang’s ferries sail into choppy future
KUALA LUMPUR (Aug 17): Ferries have been icons of the Pearl of The Orient for decades.
Developers told ‘don’t come and complain’ if unaffordable homes don’t sell
GEORGE TOWN (August 16): Following a drop in demand for expensive units, State Housing Committee chairman Jagdeep Singh Deo said that building affordable homes is the way forward for developers.
MPSP president term to be extended for another year
BUTTERWORTH (August 14): Seberang Prai Municipal Council (MPSP) president Rozali Mohamud’s term is likely to be extended for another year.
*UPDATE* Penang Sentral first phase to open in December
BUTTERWORTH (August 14): The first phase of integrated transport hub Penang Sentral at Bagan Dalam has been scheduled to open in December.
Penangites urged to move off the island due to pollution and congestion woes
GEORGE TOWN (August 14): State executive councillor in charge of the environment, Phee Boon Poh said Penang is encouraging families to resettle in sparsely populated townships of the mainland, to reduce pollution.
Glory days of Komtar over?
GEORGE TOWN (August 13): Privately-owned lots, 271 of them, lay vacant in Komtar.
Sime Darby Property invites bids for two prime parcels
KUALA LUMPUR (Aug 11): Sime Darby Property is inviting bids for two prime parcels of land in Kuala Lumpur and Penang island, The Edge Malaysia reported in its Aug 13 issue.
