Businessman in remand over Penang undersea tunnel project

Feb 28

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.

Vivocom posts 4Q loss following provision of doubtful debts

Feb 28

KUALA LUMPUR (Feb 28): Vivocom International Holdings Bhd posted a net loss of RM2.

Ahmad Zaki reports loss in 4Q on higher tax expenses

Feb 28

KUALA LUMPUR (Feb 28): Ahmad Zaki Resources Bhd has posted a net loss of RM3.

Vertice falls into the red in FY17 after four losing quarters

Feb 28

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

Feb 28

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

Feb 28

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.