Zenith picks up BUCG’s stake in consortium
GEORGE TOWN (Sept 8): Consortium Zenith BUCG Sdn Bhd (CZBUCG) has decided not to look for a new shareholder to replace Beijing Urban Construction Group Co Ltd (BUCG) in the RM6.
China's BUCG removed from RM6.3 bil Penang mega project
GEORGE TOWN (Sept 6): Chinese state-run firm Beijing Urban Construction Group Co Ltd (BUCG) has been removed as partner in a consortium tasked with building the RM6.
Penang opts for costlier elevated LRT system, less social impact
GEORGE TOWN (Aug 11): Penang state government has decided to build a RM4.
Penang mulls cap on pre-war building rental hikes to 20% over 4 to 5 years, says CM
PENANG (Aug 5): Penang is mulling a cap on rental hikes in pre-war buildings to 20% over a period of four to five years, in contrast with more exorbitant hikes of 100% to 200% observed in recent times, said Penang chief minister Lim Guan Eng at the Penang International Property (PIP) Summit conference today.
Penang proposing rent control on pre-war buildings at Unesco heritage site
GEORGE TOWN (Aug 2): The Penang government is proposing a rent control policy for pre-war buildings after numerous complaints from business operators in the George Town Unesco World Heritage Site over excessive rental hikes, Bernama reported today.
Rent control may drive down values of heritage and pre-war properties
KUALA LUMPUR (July 9): Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.
Penang rebuts claim it owes CZBUCG RM100m in feasibility studies fees
GEORGE TOWN (June 30): The Penang government yesterday rebutted Consortium Zenith BUCG Sdn Bhd’s (CZBUCG) claim that the latter has yet to receive RM100 million as payment for the feasibility studies and detailed design work the consortium had completed so far for the RM6.
Penang halts undersea tunnel study, raising doubts about construction
KUALA LUMPUR (June 15): The Penang government has issued a halt order on the 83%-complete feasibility studies and detailed design (FSDD) for the 7.
‘Case on SD by previous owner of bungalow not closed’
KUALA LUMPUR (May 5): Attorney-General (AG) Tan Sri Mohamed Apandi Ali has denied reports that the AG’s Chambers had closed the case of an allegedly false declaration on the purchase of a bungalow by Penang Chief Minister Lim Guan Eng (pictured).
Chief minister to answer public queries on Gurney Wharf
GEORGE TOWN (Feb 24): Penang is currently taking feedback from the people about the landscaping and design of the new-look Gurney Wharf, chief minister Lim Guan Eng (pictured) said today.
