News about MoF

KUALA LUMPUR (July 16): Prasarana Malaysia Bhd, which has been blamed by the finance ministry (MoF) recently for poor management which resulted in a jump in the Light Rail Transit 3 (LRT3) project cost, said it had known the initial projected RM10 billion cost for the project was “inadequate”.

PETALING JAYA (June 22): The Malaysian government will have full ownership of the Exchange 106 office tower in the Tun Razak Exchange (TRX) if the Mulia Group does not repay the Finance Ministry (MoF) on time, reported The Star.

(Video courtesy of TRX City Sdn Bhd) PETALING JAYA (June 21): TRX City Sdn Bhd has welcomed the Ministry of Finance’s RM2.

PUTRAJAYA (June 21): The Pakatan Harapan-led federal government will inject another RM2.

KUALA LUMPUR (March 7): The Ministry of Finance (MoF) has taken back control of The Exchange 106 skyscraper at the Tun Razak Exchange (TRX) here, after buying a 51% stake in Mulia Property Development Sdn Bhd, which is developing the 3.

KUALA LUMPUR (Jan 15): The Mofaz group of companies has set out towards what would be its maiden listing in at least three years’ time via its property and construction business after acquiring a majority stake in a Chinese family-owned contractor.

PETALING JAYA (Jan 6): The Minister of Finance (MoF) is believed to have acquired a 51% stake in Mulia Property Development Sdn Bhd, which is developing The Exchange 106 skyscraper — poised to be the tallest building in Southeast Asia — at the Tun Razak Exchange in Kuala Lumpur .

KUALA LUMPUR (July 11): All eyes are on the price tag that the ministry of finance (MoF) could fetch for the two parcels of land that it has put up for sale near Damansara Heights at the time when the property market is experiencing a slowdown.