MoF will not fund TRX infrastructure needs
KUALA LUMPUR (June 9): It looks like Putrajaya will not “inject” any more monies to the Tun Razak Exchange (TRX) (pictured) financial centre here, according to a very recent report by The Edge weekly.
'Not the first time we have done such a transaction' — ex-governor Muhammad Ibrahim
KUALA LUMPUR (June 6): Former governor of Bank Negara Malaysia (BNM) Tan Sri Muhammad Ibrahim, whose resignation Prime Minister Tun Dr Mahathir Mohamad today confirmed he has accepted, said the purchase of Lot 41 land was not the first time the central bank has done such a transaction.
BNM governor Muhammad Ibrahim expected to resign
KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim is expected to resign and former BNM deputy governor Datuk Nor Shamsiah Mohd Yunus is a likely replacement, according to sources.
Exchange 106 required MoF fund injection, says finance minister
PETALING JAYA (June 2): The development of The Exchange 106 (formerly known as Signature Tower) in the Tun Razak Exchange (TRX) international financial district required financing from the Ministry of Finance (MoF), which was not reflective of the 49:51 shareholding structure of the project between the ministry – via its unit MKD Signature Sdn Bhd - and Indonesia’s Mulia Group.
BNM overpaid in RM2b MoF land deal, said sources
PETALING JAYA (May 30): Bank Negara Malaysia (BNM) is believed to have overpaid for a 67.
Back up your HSR RM209b loss claims, PM tells ex-minister
PETALING JAYA (May 30): Prime Minister Tun Dr Mahathir Mohamad has challenged former Minister Datuk Abdul Rahman Dahlan to back up his claims that the cancellation of the Kuala Lumpur-Singapore high-speed rail (HSR) will result in economic losses of RM209 billion.
How much for former PM’s bungalow in Jalan Langgak Duta?
PETALING JAYA (May 25): Former prime minister Datuk Seri Najib Razak’s house could possibly be worth at least RM12 million, according to estimates made by real estate experts familiar with the area and based on recent transactions of bungalows in the area.
WSJ: Money from Bank Negara land deal used to pay IPIC
KUALA LUMPUR (May 24): Money used to pay off US$500 million (RM1.
TRX City ‘did not see a single cent’ of US$3b raised for project
PETALING JAYA (May 21): TRX City Sdn Bhd “did not see a single cent” of funding worth US$3 billion (RM11.
Funding for TRX Lifestyle Quarter on the line
KUALA LUMPUR (May 17): Although previously close to securing between RM2 billion and RM3 billion worth of financing for its Lifestyle Quarter in the Tun Razak Exchange (TRX) development, TRX City Sdn Bhd and its joint-venture (JV) partner Lendlease Corp Ltd appear to be having difficulties locking down funding.
