Country Garden takes 353rd place in Fortune Global 500

PETALING JAYA (July 20): China property developer Country Garden – the developer of Forest City and Country Garden Danga Bay in Johor – jumped to 353rd place this year from 467th place last year in the Fortune Global 500 rankings, underpinned by its 46% growth in gross revenue to RMB226.

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Nothing to fear from China

KUALA LUMPUR: Malaysia wants to strengthen its “good relations” with Beijing, Prime Minister Tun Dr Mahathir Mohamad told the South China Morning Post (SCMP) in an interview, but that Chinese companies investing in the country should refrain from relying only on material, capital and labour from China and denying Malaysia any real benefits.

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