Selasa, 20 Jun 2017

New Malaysian financial district takes shape amid 1MDB tumult

New Malaysian financial district takes shape amid 1MDB tumult

KUALA LUMPUR (June 20): Malaysia’s newest financial district is taking shape and drawing investment after spending years mired in controversy for its links to an embattled state investment fund.

The Tun Razak Exchange has reached critical mass for its initial phase after HSBC Holdings Plc this month said it will invest US$250 million to build its local headquarters in the development, according to TRX City Sdn Bhd Chief Executive Officer Datuk Azmar Talib.

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