1MDB details Bandar Malaysia deal after receiving flak over discrepancy

KUALA LUMPUR (Jan 6): As 1Malaysia Development Bhd (1MDB) received flak over its statement that the sum it quoted under the Bandar Malaysia deal is subject to revision, the state investment fund further clarified today aspects of the deal with the consortium of Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).

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Confusion arises over 1MDB's Bandar Malaysia deal

KUALA LUMPUR: China Railway Group Ltd’s filings with the Hong Kong Stock Exchange has created some confusion over the exact value of 1Malaysia Development Bhd’s (1MDB) sale of a 60% stake in Bandar Malaysia Sdn Bhd, to a 60:40 consortium of Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd (CREC).

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Two HSR services to Singapore

KUALA LUMPUR: Both the Malaysian and Singaporean governments have come to a consensus on the alignment of the 330km high-speed rail (HSR) linking Kuala Lumpur to Singapore, and have decided on two services, one being a direct service linking Kuala Lumpur to the island republic, and another with transit stops in between.

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