The property project, which was first introduced in 2015, was once shelved by the government back in 2017 after it was abruptly terminated. On Wednesday, the Finance Ministry (MoF) and IWH-CREC Sdn Bhd (ICSB) mutually agreed to terminate the deal for the latter to buy a 60% stake in the Bandar Malaysia project that is located in the former Air Force base in Sungai Besi for RM7.4bil.
PETALING JAYA: It is back to the drawing board for the mammoth multi-billion ringgit Bandar Malaysia project, which experts believe will be resuscitated at a later date.
The property project, which was first introduced in 2015, was once shelved by the government back in 2017 after it was abruptly terminated.
Lim Kang Hoo-linked shares slip as Bandar Malaysia deal lapses
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IWH-CREC s RM7 4 billion deal to buy 60% stake in Bandar Malaysia falls through
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The Sad Stories Behind the Extinction of Lemurs
Speculative demand in rosewood furniture, a heart wrenching humanitarian crisis, the criminal destruction of the natural environment and tourism potential of Madagascar, and the release of gigatons of carbon dioxide.
This post could have been titled “If you buy rosewood furniture today, you are a complete idiot.”
I figured that headline would probably gain at least two to three times more views.