Tabung Haji set to sell TRX land bought from 1MDB

KUALA LUMPUR (Dec 12): A controversial piece of land in Tun Razak Exchange (TRX) here that Lembaga Tabung Haji (pictured) purchased from 1Malaysia Development Bhd (1MDB) three years ago is likely to be one of the underperforming assets that will be transferred to a special purpose vehicle (SPV) under the ministry of finance.

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Prasarana chief’s tenure may be cut short — sources

KUALA LUMPUR (July 26): Prasarana Malaysia Bhd president and group chief executive officer (CEO) Masnizam Hisham (pictured) may see her three-year tenure cut short as she is said to be leaving the company amid criticism from lawmakers that it had caused the cost of the light rail transit line 3 (LRT3) project to balloon.

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