Sulhi Khalid / theedgemalaysia.com December 13, 2023 | Updated 1 day ago CIMB Group's Group Wholesale Banking head of corporate banking Lee Heng Keng (left) and CapitaLand Malaysia REIT Management CEO Tan Choon Siang at the signing ceremony. CapitaLand Malaysia said the facility marks its largest loan facility to-date and is linked to the sustainability performance targets of Queensbay...
Admin December 11, 2023 PENANG has reaffirmed its status as a magnet for investors, captivating both newcomers and seasoned stakeholders alike from January to September this year. The state has recorded an astounding influx of RM35.8 billion in approved manufacturing foreign direct investments (FDI), marking an extraordinary 634% year-on-year surge. Chief Minister Chow Kon Yeow...
Justin Lim / theedgemalaysia.com December 11, 2023 | Updated 1 day ago As part of the deal, Chin Hin Group will award construction works of the development to a member company of the Ivory group as the turkey builder. KUALA LUMPUR (Dec 7): Chin Hin Group Property Bhd is acquiring a freehold plot in Penang measuring about 1.218 acres for RM40 million from Ivory Properties Group Bhd for RM40...
Nvidia Corp chief executive officer and founder Jensen Huang Jen-hsun highlighted that Malaysia could be an excellent data centre infrastructure hub for Southeast Asia. (Photo by Patrick Goh/The Edge) KUALA LUMPUR (Dec 8): US-based artificial intelligence (AI) chip giant Nvidia Corp, which is mulling a plan to set up a data centre in Malaysia, believes AI data centres could be a new manufacturing...
Property News/23 November 2023Leave a comment The Penang light rail transit (LRT) project is on track to become a reality, the state legislative assembly heard on Tuesday. State Infrastructure Committee chairman Zairil Khir Johari said the project manager, Mass Rapid Transit Corporation Sdn Bhd (MRT Corp), has already called for a tender to appoint a consultant to conduct research for the...
By Bernama - November 29, 2023 @ 4:12pm GEORGE TOWN: There are 2,947 property units categorised as "overhang" or unsold in Penang as of the third quarter of this year (3Q 2023), said state Housing and Environment Committee chairman Datuk Seri S. Sundarajoo. According to the National Property Information Centre, 503 of the unsold units are priced below RM300,000, or 17 per cent out of the 2,947...
Property News/30 November 2023Leave a comment/中文版 Battery manufacturer INV New Material Technology (M) Sdn Bhd is committing a remarkable RM6.4 billion investment to establish its first-ever manufacturing plant in Penang. The Penang Technology Park@Bertam in Kepala Batas witnessed a significant groundbreaking ceremony yesterday, marking the commencement of this state-of-the-art...
Syafiqah Salim / theedgemalaysia.com October 30, 2023 | Updated 1 day ago According to a joint statement, the co-investors have signed a sale and leaseback agreement with Osram Opto Semiconductors Sdn Bhd. Osram Opto is a wholly-owned domestic subsidiary of arms Osram AG, an Austria-based company known for its expertise in intelligent sensors and emitters. KUALA LUMPUR (Oct 30):...
By E Jacqui Chan, Chai Yee Hoong & Rachel Chew / theedgemalaysia.com 13 Oct 2023, 10:13 pm KUALA LUMPUR (Oct 13): Real estate consultants said key property issues, such as home ownership and housing affordability, were not addressed in Budget 2024, which was tabled on Friday evening (Oct 13) by the government. When contacted, Henry Butcher...
AdminSeptember 26, 2023 GLOBAL Foundries (GF), one of the world’s leading semiconductor manufacturers, has chosen Penang to open its first office in the country. It is located at One Precinct building in Bayan Baru. GF chief manufacturing officer Kay Chai Ang said the key feature of the new office is the new state-of-the-art ‘factory control...