News about Bandar Malaysia

PUTRAJAYA (Dec 17): TRX City Sdn Bhd, a wholly owned subsidiary of the Ministry of Finance Inc has signed an agreement with IWH CREC Sdn Bhd (IWH-CREC) to develop the reinstated Bandar Malaysia mega project.

PUTRAJAYA (Dec 17): The construction of Bandar Malaysia is expected to kick start “very soon” after a deal has been inked between Putrajaya and the consortium formed by lskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corporation (M) Sdn Bhd (CREC) today.

PUTRAJAYA (Dec 17): Prime Minister Tun Dr Mahathir Mohamad said the government will go ahead with the Kuala Lumpur-Singapore High Speed Rail (HSR) after making "some adjustments" to reduce the project's costs.

KUALA LUMPUR (Dec 16): Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd are back on the radar as their common shareholder Tan Sri Lim Kang Ho is expected to kickstart the Bandar Malaysia project (pictured) via joint venture IWH-CREC Sdn Bhd.

KUALA LUMPUR (Dec 14): The Bandar Malaysia project, which is to redevelop the former air-force base in Sungai Besi, is expected to kickstart in the New Year — a few weeks from now.

KUALA LUMPUR (Dec 14): Deloitte PLT is seeking a judicial review in relation to the Securities Commission Malaysia's (SC) decision to dismiss the audit firm's application for a review of the RM2.

KUALA LUMPUR (Dec 3): Iskandar Waterfront Holdings Sdn Bhd (IWH) is considering an initial public offering as early as next year, Bloomberg reported today.

KUALA LUMPUR (Nov 22): Iskandar Waterfront Holdings Sdn Bhd (IWH) has secured a RM371 million financing facility from CIMB Bank Bhd to part-finance the investment by a consortium comprising IWH and China Railway Group Ltd (CREC) in the Bandar Malaysia project.

KUALA LUMPUR (Oct 14): AmInvestment Bank Bhd has maintained its "underweight" call on Gamuda Bhd at RM3.

KUALA LUMPUR (Oct 11): The government has proposed to continue developing the currently on-hold Bandar Malaysia project (pictured), after having negotiated for better terms.