Real Estate

Island Plaza on road to new life as ‘Island 88’

AdminApril 26, 2023 THE once upon a time buzzing Island Plaza in Tanjong Tokong is set to take the limelight once again after a Hong Kong businessman snapped up the iconic landmark and has vowed to make the place great again! It will be renamed ‘Island 88’. Since the emergence of new shopping malls in the state offered stiff competition with one another, Island Plaza was neglected...

Malaysian tourism roadshow to be launched in four major China cities to woo tourists

By BENJAMIN LEE NATION Monday, 03 Apr 20237:09 PM MYT KUALA LUMPUR: A Malaysian tourism roadshow, aimed at re-establishing Malaysia as a prime destination for Chinese tourists, will be launched across four major cities in China. The roadshow, jointly organised by the Malaysia Tourism Board (MTB) and Malaysia Inbound Chinese Association (Mica), will feature 150 tourism agencies, hotels,...

Penang launches virtual reality tourism initiative

METRO NEWS Saturday, 08 Apr 2023 Yeoh (centre) trying out the VR technology at the launch. With him are (from left) Shahram, Pengkalan Kota assemblyman Daniel Gooi, Penang Global Tourism chief executive officer Ooi Chok Yan and Tourism Malaysia northern region director Shahrul Aman Sabir Ahmad. PENANG has launched its “Welcome to Penang VR” project to boost tourists’...

Tek Seng buys three parcels of land in Penang for RM34m

Wednesday, April 5th, 2023 at Business | News Tek Seng Holdings Bhd is buying three parcels of freehold vacant land in Seberang Perai, Penang for RM33.96 million. It told the bourse that its unit, Wangsaga Industries Sdn Bhd (WISB) is acquiring a 4.8765 ha plot of land from Bagan Specialist Centre Sdn Bhd for RM26.98 million. WISB is also acquiring a 0.39 ha plot for...

RHB Research stays ‘overweight’ on property and real estate sector, sees value despite market volatility

Anis Hazim / theedgemarkets.com April 05, 2023 | Updated 1 day ago  Many developers under the research house’s coverage have become more upbeat on the property market this year, in view of their more aggressive launching pipelines and sales targets. Such developers include UOA Development Bhd, which will launch three new projects in 2023, while S P Setia Bhd and Mah...

Digital Penang signs MoU with MBAN to enhance growth of tech startups

AdminMarch 24, 2023 TECHNOLOGY startups play a significant role in contributing to the digital economy as well as social economic development and in other areas, says state Transport and Infrastructure Committee chairman Zairil Khir Johari. Zairil said this during the MoU signing ceremony between Digital Penang and the Malaysian Business Angel Network (MBAN) at The Wembley St Giles Hotel...

AMD announces global business services expansion, more engineering presence in Penang

Penang Chief Minister Chow Kon Yeow said AMD Malaysia was established in Penang in 1972 and today employs over 800 people across two GBS facilities in Penang and Cyberjaya. — Picture by Sayuti Zainudin By Opalyn Mok Thursday, 23 Mar 2023 3:45 PM MYT GEORGE TOWN, March 23 — AMD Global Services (M) Sdn Bhd will be expanding its global business services (GBS) and engineering capabilities in...

Henry Butcher Malaysia Mont Kiara celebrates success, lauds achievements of its staff

EdgeProp.my March 22, 2023 | Updated 1 day ago    Managing director of HBMK Low Hon Keong (fifth from left) expressed gratitude for the commitment and dedication shown by employees during the past years of unprecedented challenges brought about by the pandemic (Photos by Henry Butcher) The company hosts its first annual dinner in three years Highlights strong teamwork...

DFI Retail Group offloads Giant, Cold Storage, Mercato to Malaysian retail group

A LOCAL retail group led by local businessman and entrepreneur Datuk Andrew Lim Tatt Keong will be acquiring the food retail business of DFI Group in Malaysia which includes the iconic Giant, Cold Storage and Mercato brands. Lim is currently the SOGO Department Store Sdn Bhd group deputy chairman as well as the executive chairman of the GAMA Group which owns and operates the iconic GAMA Supermarket...

HENRY BUTCHER: The local real estate market is showing more signs of recovery this year

Kuala Lumpur, 07 February : The Henry Butcher Malaysia group is cautiously optimistic that the Malaysian property market will show firmer signs of recovery in 2022 as the Covid-19 pandemic appears to be under control. The achievement of a vaccination rate of more than 79 per cent, as well as the transition to the provision of booster vaccines, will boost overall confidence and economic activity,...

Pemberian diskaun premium 50 hingga 90 peratus manfaatkan pemilik tanah pegangan pajak – Kon Yeow

GEORGE TOWN – Kerajaan Negeri Pulau Pinang berharap pemberian diskaun premium bagi pelanjutan tempoh pajakan dan pemberimilikan setelah tempoh pajakan tamat dapat dimanfaatkan sepenuhnya oleh semua pemilik tanah pegangan pajak (leasehold) di negeri ini. Ketua Menteri, Y.A.B. Tuan Chow Kon Yeow berkata, meskipun pelaksanaan pemberian diskaun premium berkaitan akan mengurangkan hasil dan memberi...

Iconic Rex Cinema building in Penang to be torn down

GEORGE TOWN: The iconic Rex Cinema at the corner of Kinta Lane and Burma Road here is set to be torn down to give way to a 27-storey condominium project. The building is considered a heritage of Penang’s heydays as it was a state-of-the-art cinema when it opened its doors some 85 years ago. According to plans submitted to the Penang Island City Council (MBPP), aside from putting up the...

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