Ewein to acquire rackform company for RM32 mil

The group said RM16 million of the purchase price will be satisfied via the issuance of 17.98 million Ewein shares at 89 sen per share, while the remaining RM15.99 million is to be satisfied in cash. May 16, 2024 KUALA LUMPUR (May 15): Penang-based property developer Ewein Bhd (KL:EWEIN) is acquiring a company involved in the manufacturing of racking systems and machinery for about RM32...

Kerjaya Prospek Property to jointly develop Penang plot with Aspen group

KUALA LUMPUR (May 9): Property developer Kerjaya Prospek Property Bhd (KL:KPPROP) will jointly develop a piece of freehold land in Aspen Vision City, Batu Kawan, Penang into a mixed development that will include a hotel and serviced apartments. The land, which measures 221,198 sq feet and has a net book value of RM25.1 million, will be developed by a 70:30 special purpose vehicle (SPV) owned...

Penang Street Food Fest in Bangkok a huge hit with food lovers

04 May 2024 BANGKOK (Bernama): The one-day Penang Street Food Festival 2024 held in Bangkok here on Saturday serves as a platform for Malaysian entrepreneurs in Thailand to expand their business. Malaysian ambassador to Thailand, Datuk Jojie Samuel, said there are many Malaysian entrepreneurs in Thailand, especially in the food and beverage industry, who operate small restaurants. "Besides...

All eyes on new digital park

Sunday, 05 May 2024 First phase slated for completion by year-end GEORGE TOWN: Penang can soon boast of an Integrated Circuit (IC) Design and Digital Park by year-end. Chief Minister Chow Kon Yeow said the two-phase project in Bayan Lepas would be fully completed by 2027. It will further solidify Penang’s position as a preferred investment destination for businesses and entrepreneurs, he...

Penang hands out RM6.5m incentives to heritage building owners for restoration works

Penang Chief Minister Chow Kon Yeow, who presented the mock cheques to the recipients of the heritage building repair incentives today, said 47 recipients were selected out of 76 applications for Category I buildings. — Bernama pic Monday, 29 Apr 2024 GEORGE TOWN, April 29 — The Penang government is rolling out its federal-funded heritage conservation initiative with an initial allocation...

Penang strengthens its IC design and advanced packaging ecosystem with arrival of new semiconductor players

April 27, 2024 AN investment of more than US$100 million is expected to be made in Penang by three prominent international semiconductor companies. The three companies – China Wafer Level CSP Co Ltd (WLCSP), Ningbo SJ Electronics Co Ltd (SJE) and Wuxi AMTE Inc (AMTE) are set to strengthen the integrated circuit (IC) design and advanced packaging sectors. WLCSP revolutionises the semiconductor...

MTT Co Sets Sail into Hospitality Industry with Evergreen Laurel Hotel Acquisition

Updated: Apr 17 In an exciting development for Penang's hospitality landscape, Malaysia Trade and Transport (MTT) Co. Sdn. Bhd., a beloved related company of MTT Shipping Sdn. Bhd., has recently acquired the iconic Evergreen Laurel Hotel located in the heart of Penang's vibrant Gurney Bay. This strategic acquisition aligns seamlessly with the ongoing redevelopment of Gurney Bay's waterfront area,...

Penang sets MBOR record with more than one million trees planted across the state

April 22, 2024 PENANG has made it to the Malaysia Book of Records (MBOR) after more than one million trees have been successfully planted across the state to mark the Earth Day today. The initiative is known as the ‘Planting One Million Trees Within a Day in conjunction with Earth Day’. The programme has earned the distinction of planting the most trees in a single day. The tree planting...

More developers turn optimistic on property sector

Tuesday, 16 Apr 2024 PETALING JAYA: More developers are turning optimistic on the local property market amid positive news flow on potential infrastructure projects, active land transactions and influx of investments. RHB Investment Bank noted that major developers – except for UEM Sunrise Bhd, Sime Darby Property Bhd and S P Setia Bhd – are guiding for sales targets that are 10% to 15% higher...

Penang LRT on track to ease traffic and enhance tourism

Wednesday, 10 Apr 2024 GEORGE TOWN: The implementation of the Penang Mutiara Route Light Rail Transit (LRT) project is seen as a beneficial alternative transportation option for residents to alleviate traffic congestion and enhance urban mobility by connecting urban and suburban areas. The LRT line, expected to run from Silicon Island to Komtar and crossing to Penang Sentral in Seberang Perai, is also...

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