News about Penang

PETALING JAYA (Dec 15): Johor Bahru in Johor and George Town in Penang were identified as some of the cheapest locations for expatriates in Asia, according to research by ECA International.

KUALA LUMPUR (Dec 12): Ivory Properties Group Bhd is once again seeking more time to fulfill the conditions precedent for the proposed sale of a piece of freehold land in Jesselton, Penang, for RM150 million — the third extension it has announced in relation to the disposal.

KUALA LUMPUR (Dec 4): Al-Salam Real Estate Investment Trust (Al-Salam REIT) is acquiring 22 properties located across Malaysia for a combined RM115 million in a related party transaction.

KUALA LUMPUR (Nov 22): Builder-cum-property developer Seal Incorporated Bhd is monetising 28 pieces of land in Penang to raise RM27 million for the group's working capital.

KUALA LUMPUR (Nov 22): Kerjaya Prospek Group Bhd posted a record profit of RM34.

KUALA LUMPUR (Nov 21): Apparel retailer Voir Holdings Bhd, which is turning to construction to diversify its earnings by taking up a stake in Consortium Zenith Construction Sdn Bhd, the special purpose vehicle (SPV) that is executing the RM6.

KUALA LUMPUR (Nov 20): Malton Bhd saw its net profit for the first financial quarter ended Sept 30, 2017 (1QFY18) surge four times year-on-year to RM25.

KUALA LUMPUR (Nov 17): The imbalances in the property market pose significant risks to the overall market in the event of a shock, said Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim as he briefed the media on the country's economic growth for the third quarter.

KUALA LUMPUR (Nov 14): Lifestyle property developer Eastern & Oriental Bhd's (E&O) net profit jumped more than 5 times to RM19.

KUALA LUMPUR (Nov 13): Shares in Mudajaya Group Bhd fell 5.