November 2024

Penang LRT Mutiara Line to feature 21 stations, connecting island and mainland

November 25, 2024 THE Penang Light Rail Transit (LRT) Mutiara Line project will feature 20 stations on Penang Island and one station in Seberang Perai. State Transport and Infrastructure Committee chairman Zairil Khir Johari shared this update at the Penang Legislative Assembly today, based on information provided by MRT Corp, the project developer and asset owner. “The mainland station...

Kerjaya Prospek in JV to undertake 36-acre mixed development in Penang

The development, to span seven years from end-2024, will see the construction of 338 affordable housing units, 1,680 residential units, service apartments, as well as retail shops and offices. KUALA LUMPUR (Nov 11): Kerjaya Prospek Group Bhd (KL:KERJAYA) has entered into a joint venture (JV) with Aspen Vision Development Sdn Bhd to undertake a mixed development on a 36-acre plot of land in Seberang...

IHH Healthcare completes acquisition of Island Hospital in Penang for RM3.9 bil

Island Hospital is currently the largest private hospital in Penang, which offers various medical services across nine Centres of Excellence and is supported by approximately 120 specialists. Photo: IHH Mon, Nov 04, 2024 IHH Healthcare has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion ($1.2 billion)....

Penang sets new benchmarks in GBS and IC Design

October 29, 2024 WITH over 50 years of manufacturing and industrial expertise, particularly in the electrical and electronics (E&E) sector, Penang has firmly established itself as a premier hub for Global Business Services (GBS). This is demonstrated by the presence of more than 70 companies operating GBS facilities in the state, collectively employing over 17,000 professionals....

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