Penang · 14 stories
DoubleTree Resort by Hilton Penang tendered for Sale (via Tender) at RM250 million — RM791,000 a key
The 316-room Batu Ferringhi resort for sale at RM250 million and the tender closed on 15 August with no outcome announced. The per-key maths looks competitive but it is not a beach…
YBS International hit with winding-up petition over disputed US$6mil from its own RM159mil acquisition
Shares in Penang-based YBS International fell as much as a third after Singapore’s Allied Technologies Holdings filed a winding-up petition over a US$6 million sum tied to the same…
MBPP leases two derelict George Town heritage buildings for close to RM3.88mil over 45 years
Penang Island City Council has awarded a 45-year, tenant-funded restoration lease on a condemned Kampung Kolam shophouse row and a Mount Erskine bungalow — a template worth knowing…
Penang launches ONEMAP+: 1,977 CCTV cameras, 439 AEDs and 494 EV chargers on one public map
The Penang state government has put its CCTV, AED and EV charger locations onto a single public map, accessed through the Penang Smart Parking app. The platform is built by the sta…
YBS International buys the Perai factory it was renting for RM390,600 a month
YBS International’s subsidiary is paying RM23.5 million for the Perai semi-detached factory it already occupies — the second adjoining lot it has bought on the same road, at the sa…
Intuitive’s RM2 billion Batu Kawan plant: 40 acres carry a seven-acre building
The da Vinci robotic-surgery maker will spend more than RM2 billion over five years on its first Malaysian plant at Bandar Cassia Technology Park — about RM817 million of it on lan…
A Century of Tin Smelting Ends in Butterworth — Potential 40 Acres Straits City Re-development
Malaysia Smelting Corporation has moved its smelting operations from Butterworth to Pulau Indah, Klang, retiring a plant that ran for more than a hundred years. The freehold land i…
THMY Upsizes New Batu Kawan Factory to RM172.6mil — Five Times the Original Budget
Automated test solutions firm THMY Holdings has expanded its new Batu Kawan factory plan to RM172.6mil — five times the RM29.35mil budgeted at its IPO — with built-up area more tha…
Eppendorf picks Batu Kawan: RM180mil plant is its first factory in Southeast Asia
German lab-equipment maker Eppendorf has signed with PDC for a greenfield RM180mil plant at Bandar Cassia Technology Park — its first factory in Southeast Asia, exporting to the US…
PDC Takes Full Control of BKIP2 in Byram After Three Failed Tenders
The Penang Development Corporation will develop the 1,300-acre Batu Kawan Industrial Park 2 in Byram itself after three RFP rounds failed, releasing about 200 acres of industrial l…
Eight Fire-Damaged Lebuh Aceh Shophouses to Become RM10mil Cultural Heritage Hub
George Town World Heritage Incorporated has launched a RM10mil restoration of eight Category II heritage shophouses on Lebuh Aceh, damaged in a 2015 fire, into a Cultural Heritage …
Jabil further Expands in Malaysia Roots as It Climbs the Manufacturing Value Chain
Thirty years after opening its first Asian factory in Penang, Jabil now runs six Malaysian facilities employing 14,000 people. Malaysia MD Tan Siew Jin tells The Edge how the group…
Hektar REIT Closes RM30mil Bayan Lepas Factory Buy at a 7.5% Triple-Net Yield
Sixteen months after announcing it, Hektar REIT has completed the RM30mil purchase of a Bayan Lepas Free Industrial Zone factory from MQ Technology unit Microlead Precision — a sal…
PM Anwar Opens MKS Inc’s RM400mil Super Center Factory in Batu Kawan
US semiconductor equipment giant MKS Inc has opened its Super Center Factory at Bandar Cassia Technology Park, Batu Kawan — its largest manufacturing investment since founding in 1…
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