News about Penang

PETALING JAYA (April 17): M Summit Group has introduced the first rent-to-own (RTO) scheme in Penang for limited units of its condominium project in Teluk Kumbar, Penang island.

KAJANG (April 17): The commercial property market has continued to decline in 2017, with 22,162 transactions worth RM25.

  KUALA LUMPUR (April 16): Supptech Holdings Sdn Bhd, the largest shareholder of Penang-based ACME Holdings Bhd, has continued to pare down its stake in the company with another off-market trade.

PETALING JAYA: Kuala Lumpur-based TPPT Sdn Bhd is launching the first block of its latest condominium project, Emerald Residence at Teluk Kumbar Heights, Penang island this weekend.

GEORGE TOWN (April 13): A civil society coalition wants the next government in Penang to stop the practice of approving land reclamation deals in exchange for infrastructure projects.

KUALA LUMPUR (April 11): Home-grown tracking solutions provider Grand-Flo Bhd is buying the remaining 49.

KUALA LUMPUR (April 9): The High Court in George Town, Penang, today granted the application by the defence for the corruption trial of Penang chief minister Lim Guan Eng (pictured) and businesswoman Phang Li Koon to be adjourned to May 21, Bernama reported today.

PETALING JAYA (March 30): After over four hours, firefighters had managed to extinguish a fire that broke out at four warehouses near the air cargo complex of the Penang International Airport at Batu Maung, Penang, last night.

KUALA LUMPUR (March 29): Capitaland Malaysia Mall Trust (CMMT) has budgeted some RM80 million to enhance four of its five shopping malls in Malaysia this year.

JOHOR BAHRU (March 29): Swedish furniture maker IKEA is eyeing a third store in the capital of Malaysia but there is no timeline as to when the development will be announced.