News about Malaysia

JOHOR BAHRU (May 7): Infrastructure, connectivity, branding, economic activity and educational facilities are essential elements of Iskandar Malaysia’s success, according to stakeholders of the economic zone in Johor who shared their views at the second Marketplace Series of Forums organised by the Asian Strategy & Leadership Institute and the Full Gospel Business Men’s Fellowship on May 2.

KUALA LUMPUR (May 6): IWH CREC Sdn Bhd needs to show evidence it has fulfilled payment obligations for the planned acquisition of a 60% stake in Bandar Malaysia Sdn Bhd to proof IWH CREC's credibility, Petaling Jaya Utara MP Tony Pua said.

KUALA LUMPUR (MAY 5): IWH CREC Sdn Bhd (ICSB) has refuted the claims made by TRX City Sdn Bhd that it had failed to meet the payment conditions precedent under the share sale agreement (SSA) between the two parties regarding the sale of 60% of the issued and paid-up capital of Bandar Malaysia Sdn Bhd.

PETALING JAYA (May 4): 1MDB chairman Tan Sri Irwan Serigar Abdullah said the Bandar Malaysia project will go ahead, Malaysiakini reported last night.

KUALA LUMPUR (May 5): Questions are now being raised over who will refund the RM741 million deposit paid by a consortium led by Iskandar Waterfront Holdings Sdn Bhd (IWH) to acquire a 60% equity interest in Bandar Malaysia Sdn Bhd after the deal was called off on Wednesday.

KUALA LUMPUR (May 5): Financing was already in place for IWH CREC Sdn Bhd’s plan to acquire a 60% interest in the Bandar Malaysia project for RM7.

PETALING JAYA (May 4): Sime Darby Property, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) and Brunsfield Development Sdn Bhd have signed a Memorandum of Understanding (MoU) to lead the development of Malaysia Vision Valley (MVV).

KUALA LUMPUR (May 4): Ekovest Bhd, which saw its share price plunge as much as 29.

KUALA LUMPUR (May 4): The RM55 billion East Coast Rail Link (ECRL) is expected to help create RM50.

KUALA LUMPUR (May 4): Trading in the shares of Iskandar Waterfront City Bhd (IWCity), which succumbed to some selling pressure in the afternoon yesterday, has been suspended this morning until Friday, IWCity told Bursa Malaysia today.