News about Tun Razak Exchange

KUALA LUMPUR (June 17): The first phase of the Bandar Malaysia project is expected to cost between RM50 billion and RM60 billion, said Iskandar Waterfront Holdings Bhd (IWH) executive vice-chairman Tan Sri Lim Kang Hoo (pictured).

KUALA LUMPUR (May 30): Tun Razak Exchange master developer TRX City Sdn Bhd (TRX City) is inviting contractors to participate in a pre-qualification exercise for a proposed traffic dispersion and improvement to part of Jalan Tun Razak (JTR), and the construction of the TRX ingress and egress.

KUALA LUMPUR (Feb 19): Lembaga Tabung Haji (LTH) has terminated the services of one of its subcontractors for the Tabung Haji Complex due to delay in works completion.

KUALA LUMPUR (Dec 21): There is no foreseeable short-term impact on the construction sector from the depreciation of the ringgit as most construction materials such as cement and steel are manufactured in Malaysia, the national builders group said.

KUALA LUMPUR (Nov 13): A third party not linked to or authorised by 1Malaysia Development Bhd (1MDB) and the government, is purporting to be the project manager for Bandar Malaysia and Tun Razak Exchange (TRX) developments.

KUALA LUMPUR (Nov 13): The race to pick up a 60% stake in 1Malaysia Development Bhd’s (1MDB) prized project Bandar Malaysia is down to two bidders, one of which is said to be a consortium led by a China-based company in a tie-up with tycoon Tan Sri Lim Kang Hoo and several other local developers.

US-based Turner International LLC, with over US$40 million (RM170.

THE slowdown in the real estate market does not seem to have deterred property-related companies from buying more land.

WCT Holdings Bhd (Oct 20, RM1.

KUALA LUMPUR (Oct 21): WCT Holdings Bhd is expected to reap only about RM60 million in pre-tax profit from the RM754.