MoF will not fund TRX infrastructure needs
KUALA LUMPUR (June 9): It looks like Putrajaya will not “inject” any more monies to the Tun Razak Exchange (TRX) (pictured) financial centre here, according to a very recent report by The Edge weekly.
Mulia to align Exchange 106 development with current govt's mandate
PETALING JAYA (JUNE 4): Indonesia commercial property developer Mulia Group, who owns 49% of the Exchange 106 office building at Tun Razak Exchange (TRX) in Kuala Lumpur, is seeking guidance from the new Malaysian government on the project.
Exchange 106 required MoF fund injection, says finance minister
PETALING JAYA (June 2): The development of The Exchange 106 (formerly known as Signature Tower) in the Tun Razak Exchange (TRX) international financial district required financing from the Ministry of Finance (MoF), which was not reflective of the 49:51 shareholding structure of the project between the ministry – via its unit MKD Signature Sdn Bhd - and Indonesia’s Mulia Group.
Lendlease seeks to continue TRX JV
PETALING JAYA (May 28): Australian developer and infrastructure firm Lendlease seeks to continue its joint venture with TRX City Sdn Bhd to develop The Exchange TRX at the 70-acre Tun Razak Exchange (TRX) international financial district.
Investors seek clarity on TRX
PETALING JAYA (May 28): Investors of the Tun Razak Exchange (TRX) financial district in Kuala Lumpur are seeking clarity on the status of its development as it comes under review by the new Pakatan Harapan (PH) government, reported The Star.
TRX City ‘did not see a single cent’ of US$3b raised for project
PETALING JAYA (May 21): TRX City Sdn Bhd “did not see a single cent” of funding worth US$3 billion (RM11.
Funding for TRX Lifestyle Quarter on the line
KUALA LUMPUR (May 17): Although previously close to securing between RM2 billion and RM3 billion worth of financing for its Lifestyle Quarter in the Tun Razak Exchange (TRX) development, TRX City Sdn Bhd and its joint-venture (JV) partner Lendlease Corp Ltd appear to be having difficulties locking down funding.
Arul Kanda: Measure 1MDB’s success via TRX, Bandar Malaysia
JOHOR BAHRU (March 21): 1Malaysia Development Bhd’s (1MDB) chief executive officer Arul Kanda Kandasamy wants the company's success to be measured through the realisation of constructing its two mega projects — the Tun Razak Exchange (TRX) and Bandar Malaysia.
No discount given to Indonesian firm for sale of TRX land, says MoF Inc
KUALA LUMPUR (March 8): The Minister of Finance Inc (MoF Inc) said today no discount was accorded to Indonesia's Mulia Group when the latter bought a 3.
MoF confirms buyback of TRX skyscraper from Indonesian firm
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.