SunCon 3Q net profit down 19%, dragged by MCO, higher steel prices
KUALA LUMPUR (Nov 19): Sunway Construction Group Bhd's (SunCon) third quarter (3Q) net profit fell 19.
Guan Eng’s law firm made ‘big mistake’ when evaluating Penang undersea tunnel preliminary agreement — witness
KUALA LUMPUR (Nov 12): Former Penang chief minister Lim Guan Eng’s appointed private law firm made a “big mistake” when evaluating the preliminary agreement of the Penang undersea tunnel project between the Penang state government and Construction Zenith BUCG Sdn Bhd, the Sessions Court heard on Friday (Nov 12).
Nov 16 fixed for decision on Guan Eng’s bid to move undersea tunnel graft case to High Court
KUALA LUMPUR (Nov 12): The Court of Appeal (CoA) has fixed Nov 16 to deliver its decision on former Penang chief minister and Bagan Member of Parliament (MP) Lim Guan Eng’s appeal to transfer his undersea tunnel graft trial from the Sessions Court to the High Court.
Former Penang state secretary says Guan Eng had not informed exco of his earlier meeting with Zarul
KUALA LUMPUR (Nov 12): A former Penang state secretary testified on on Thursday (Nov 11) that former chief minister Lim Guan Eng had not declared at a state executive council (exco) meeting in January 2011 that he had met Beijing Urban Construction Group (BUCG) managing director Datuk Zarul Ahmad Mohd Zulkifli over the undersea tunnel project.
Hong Kong apartment breaks record as most expensive transaction psf in Asia
HONG KONG (Nov 12): An apartment in Hong Kong Island was recently sold for HK$640 million (RM342 million), effectively making it the most expensive sale psf in Asia, reported Bloomberg on Nov 11.
Guan Eng's corruption trial: Judge rebukes prosecution for not informing decision to not use written witness statement
KUALA LUMPUR (Nov 11): Sessions Court judge Azura Alwi on Thursday (Nov 11) rebuked deputy public prosecutor Wan Shaharuddin Wan Ladin for not informing the court and defence that the prosecution did not intend to use the written witness statement prepared for ex-Penang state secretary Datuk Seri Farizan Darus, who is testifying in former Penang chief minister Lim Guan Eng's corruption trial involving the proposed Penang Undersea Tunnel.
Ex-state executive councillor, two others ordered to enter defence in charge for receiving bribes from property developers
KUALA LUMPUR (Nov 7): The High Court in Johor Bahru on Sunday ordered ex-Johor executive council member Datuk Abd Latif Bandi, his son and a former real estate consultant to enter their defence against 37 corruption and money laundering charges involving more than RM30 million as the prosecution had proven a prima facie case against the accused, who were charged in 2017 for receiving bribes from property developers who requested for the change in bumiputra land status in Malaysia.
Tropicana collaborates with Puncak Alam Housing for affordable housing project
KUALA LUMPUR (Nov 2): Tropicana Corp Bhd has entered into a joint venture agreement with Puncak Alam Housing Sdn Bhd for the development of affordable homes on three parcels of leasehold land in Ijok, Kuala Selangor.
Economic Report 2021/2022: RM18.2b of 1MDB-linked assets seized, recovered
KUALA LUMPUR (Oct 29): A total of RM18.
