News about Penang

Gamuda Bhd (Nov 8, RM4.

KUALA LUMPUR (Nov 7): Following the massive floods in Penang, the Federation of Malaysian Manufacturers (FMM) has called on federal and state authorities to have higher investments in flood and disaster mitigation programmes commensurate with the increase in land development.

KUALA LUMPUR: While most Penang-based listed companies are little affected by the state’s worst-ever floods, a significant number of small and medium enterprises (SMEs) appear to have been badly hit, with an industry group estimating losses at about RM200 million.

KUALA LUMPUR (Nov 7): Nexgram Bhd saw the the resignation of two of its board members, namely its chairman Datuk Sri Wira Ayub Haji Yaakob and deputy chairman Tuan Haji Norzain Abdul Wahab, yesterday.

Many property investors have been drawn to Penang because of its robust tourism and industrial activities.

PETALING JAYA (Nov 5): A road leading to a housing area in Tanjung Bungah – where a landslide at a construction site claimed 11 lives – collapsed early this morning as it was buffeted by heavy rains, according to The News Straits Times.

Hua Yang Bhd (Oct 30, 79.

PETALING JAYA (Oct 30): S P Setia Bhd has taken the No 1 spot in The Edge Malaysia Top Property Developers Awards 2017, marking its 10th time in the top spot.

KUALA LUMPUR (Oct 30): Mah Sing Group Bhd saw three of its new projects across Malaysia that were previewed over the weekend record an average booking rates of 95%.

KUALA LUMPUR (Oct 27): Affordable housing developer Hua Yang Bhd saw its net profit plunge 97% to RM584,000 in its second quarter ended Sept 30, 2017 (2QFY18), from RM16.