Vertice falls into the red in FY17 after four losing quarters

KUALA LUMPUR (Feb 28): Vertice Bhd, which has a 13% stake in Penang undersea tunnel developer Consortium Zenith Construction Sdn Bhd (CZC), posted its fourth consecutive losing quarter today on expenses incurred for multiple corporate exercises, higher administrative spending and a loss in its retail division.

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PNB brings Park Hyatt Hotel to PNB 118

KUALA LUMPUR (Feb 28): Permodalan Nasional Bhd (PNB), which is on the lookout for tenants for its iconic PNB 118 tower, believes the building, which is set to be the tallest building in Southeast Asia and the third tallest in the world, has a prestigious address that will attract global corporations to establish their offices there.

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Eversendai upbeat on prospects after FY17 turnaround

KUALA LUMPUR (Feb 28): Steel and construction outfit Eversendai Corp Bhd, which returned to black in its financial year ended Dec 31, 2017 (FY17), is upbeat about its prospects this year as it continues to build steady growth in terms of revenue and profit.

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