1MDB takes to local daily to promote Bandar Malaysia

PETALING JAYA (May 8): 1Malaysia Development Bhd (1MDB) today put up a full-page advertisement in a local English daily to promote its prized project, Bandar Malaysia, a day after confirmation that it had sold a parcel of land at its other development project, Tun Razak Exchange (TRX) to pilgrims’ fund, Tabung Haji.

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Deadline delayed for high-speed rail link

PETALING JAYA: Singapore and Malaysia have decided to postpone the 2020 deadline for the completion of a high-speed rail (HSR) link between the city state and Kuala Lumpur, said their prime ministers on May 5, reported The Edge Financial Daily citing a Reuters report.

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Five developers qualify for Kwasa Land’s RFP

PETALING JAYA: Kwasa Land Sdn Bhd, a unit of the Employees Provident Fund and master developer of Kwasa Damansara in Sungei Buloh, has approved five tier-2 developers for its next Request for Proposal (RFP), R2-1, reported Bernama.

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HLIB conservative on UEM Sunrise profits

PETALING JAYA: Research house Hong Leong Investment Bhd (HLIB) maintained its conservative forecast of UEM Sunrise Bhd's profit for the financial year 2015 (FY2015), according to a report in The Edge Financial Daily today.

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