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Thursday, October 17, 2019

Tag: Penang Development Corporation

The Rise owners let down by shoddy work

The Penang chief minister tours project after 500 out of 952 buyers complain of flaws and defects.

PDC chief who served under 4 Penang CMs calls it a...

Rosli Jaafar is thankful for the 'lifelong lessons' from his past bosses during the 29 years with the state agency.

Labelling PDC as ‘land sales agency’ doesn’t hold water, says Penang...

Chief Minister Chow Kon Yeow points out that buying and developing land started during Gerakan leader Lim Chong Eu's time.

Federal auditors find Penang GLC financially unstable

They recommend a shake-up in the management structure of maintenance company PDC Setia Urus Sdn Bhd and improvements to its SOP.

After 3-year delay, Sia Boey set to be ‘reborn’

Penang Chief Minister Lim Guan Eng says first phase of restoration is expected to be completed in August.

LGE: PDC made only RM147 million from land sale

In refuting claims the Penang Development Corporation made RM1.7 billion in earnings, Lim Guan Eng says Penang will play active role in big data analytics and internet of things.

BN: A joint venture could have left Jerejak stake intact

BN lawmaker says state could have opted for active involvement in project with profit estimated at RM1.5 billion.

‘BN’s original poor deal made us lose equity in Jerejak company’

Penang CM Lim Guan Eng says UDA was given a 51% controlling stake and Pulau Jerejak land was sold at a price four times cheaper than the rate then.

Penang not cooking the books, Guan Eng tells Jahara

This follows the Opposition’s claim that the Penang government has manipulated numbers by offering a huge loan to a state agency.

Sale of Jerejak resort reaps RM140m profit, says PDC

Developer, a subsidiary of Ideal Properties Group, paid RM15.6 million deposit and will settle remaining sum over a period of eight years, says PDC general manager.

Penang opens tender for low-cost housing project

Project in Butterworth will provide better homes on site currently filled with squatter houses, says Lim Guan Eng.

Penang to convert old godowns into creative hub

Guan Eng announces development of Penang Creative Animation Triggers, offering traditional craftsmen and animation studios space to create.

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