News about Penang

KUALA LUMPUR (March 1): Sunway Bhd’s fourth quarter net profit fell 1.

KUALA LUMPUR (March 1):  The Malaysian Anti-Corruption Commission (MACC) yesterday took action to freeze four bank accounts belonging to a businessman with the ‘Datuk Seri’ title, who was held the night before, Bernama reported.

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.

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.

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.

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.

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.

  PETALING JAYA (Feb 27): The Malaysian Anti-Corruption Commission (MACC) is engaging outside consultants to review the feasibility studies of the RM6.

KUALA LUMPUR (Feb 27): Consortium Zenith Construction Sdn Bhd (CZC), the special purpose vehicle tasked to execute the RM6.

  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.