Businessman in remand over Penang undersea tunnel project
PUTRAJAYA (Feb 28): A businessman has been remanded for six days for today over allegations of receiving RM19 million to halt a probe into a RM6.
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.
SunCon appointed project delivery partner for RM274m Penang project
KUALA LUMPUR (Feb 28): Sunway Construction Group Bhd’s (SunCon) unit has been appointed the project delivery partner for the expansion of a nine-storey commercial development to the existing Sunway Carnival Mall in Seberang Jaya, Penang.
Azeez: I have never heard of Zenith Construction
GEORGE TOWN (Feb 28): Pilgrims Fund Board (Tabung Haji) chairman Datuk Seri Abdul Azeez Abdul Rahim, served with a letter of demand by Penang undersea tunnel developer Consortium Zenith Construction Sdn Bhd (CZC), said he does not know the company.
MACC detains businessman on suspicion of RM19m bribe for Penang undersea tunnel project probe
PETALING (Feb 28): The Malaysian Anti-Corruption Commission (MACC) has detained a 37-year-old businessman on suspicion of accepting a bribe of RM19 million to close investigations into the RM6.
MACC engages outside consultants on Penang undersea tunnel feasibility studies
PETALING JAYA (Feb 27): The Malaysian Anti-Corruption Commission (MACC) is engaging outside consultants to review the feasibility studies of the RM6.
Consortium Zenith 'well-capitalised' to undertake Penang's tunnel project's RM305m preliminary works
KUALA LUMPUR (Feb 27): Consortium Zenith Construction Sdn Bhd (CZC), the special purpose vehicle tasked to execute the RM6.
PDC makes RFP for Batu Kawan theme park — again
PETALING JAYA (Feb 24): The Penang Development Corp (PDC) has made a request for proposals (RFP) for its outlay-heavy “International Theme Park and Mixed Development East of Batu Kawan” – this time on more flexible terms, reported The Edge weekly.
Focus on making it right
Before heading to Lunabar, we searched for some photos of the venue to identify it more easily.
Penang’s The Rice Miller project seeks saviours
PETALING JAYA (Feb 19): The receivers and managers of Asian Global Business Sdn Bhd, the developers of The Rice Miller Hotel and Residences project in George Town, Penang, are looking for white knights to rescue the project, reported The Edge weekly.
