BY ARNOLD LOHGEORGE TOWN: For a few hundred guesthouses and hostels here, the chance to dig into Penang’s multi-million-ringgit tourism industry pie is as good as over.Unable to cope with the state government’s stringent licensing requirements, many have started closing down.“Our dreams are...

Gamuda Land employees giving cupcakes and balloons to a family.GAMUDA Land, the property development arm of Gamuda Berhad, which turned 40 this year, celebrated the milestone by giving away cupcakes and balloons around the Klang Valley.Hundreds of cupcakes and balloons were distributed to delighted...

RAM's Credit Pulse report said the sector’s the construction sector was the sole sector with a positive outlook with its growth prospects moving forward remaining firmly supported by the steady roll-out of infrastructure projects.PETALING JAYA: The construction sector continues to flourish amid...

TWO new Smart Selangor MPSJ Bus routes have been launched in Kinrara and Puchong.The buses plying Route 2 and 3 will begin their journey from the Pusat Bandar Puchong LRT Station.Route 2 links Pusat Bandar Puchong to places such as 3C Complex, Sunway Medical Centre and SS18 LRT station as well as...

BY M. HAFIDZ MAHPARArtist's impression of EkoGateway@KL River City.KUALA LUMPUR: Ekovest Bhd, one of the project delivery partners for rehabilitating and beautifying the Klang and Gombak rivers, has received the development order for its EkoGateway@KL River City project with a gross development...

BY KATHLEEN MICHAELTHE state government has allocated an estimated RM3.45bil for all its plans under Budget 2017.From the sum, RM1.65bil or 47.8% will be for management of the state while the balance will go towards development plans.This was announced by Selangor Mentri Besar Datuk Seri Mohamed...

BY TEE LIN SAYYesterday, a block of 10.2 million Titijaya shares, or 2.5% of the company, changed hands in an off-market trade at RM1.72. This was on the back of another off-market transaction of 15 million Titijaya shares done at RM1.76 on Oct 18. Sources said the buyer of the blocks of shares was...

PETALING JAYA: Encorp Bhd has entered into prelimenary agreements with several companies, including Tiong Nam Logistics Holdings Bhd and Farm’s Best Bhd, to develop its huge land bank in Malacca. The property developer, which is 71% owned by Felda Investment Corp, signed three separate memoranda...

KUALA LUMPUR: Malaysia’s electricity regulator will begin enforcement on buildings that do not adhere to the international lightning protection standard next year.The Energy Commission (ST), which is in the midst of a nationwide study to estimate the number of buildings that are not MS IEC...

BÖN Estates obtained financing facilities to boost the development of The Estate.From left: BÖN Estates, project director Liew Kok Earn and managing director Goh Soo Sing, Maybank Bhd head of community financial services Datuk Hamirullah bin Boorhan and managing director of business banking Datuk...