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The Malaysian Investment Development Authority (Malay: Lembaga Pembangunan Pelaburan Malaysia), abbreviated MIDA, previously known as Malaysian Industrial Development Authority is the government's principal agency to oversee and drive investment into the manufacturing and services sectors in Malaysia.
In line with the 1MDB Group rationalization plan, on 31 December 2015, 1MDB announced the sale of 60% equity in Bandar Malaysia Sdn. Bhd. to the consortium of Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corporation(CREC) with a 60:40 ratio. The IWH-CREC Consortium has valued 100 percent of Bandar Malaysia's land at RM12.35 ...
As part of its debt rationalisation plan, on 31 December 2015, 1MDB signed an agreement with a consortium comprising Iskandar Waterfront Holdings and China Railway Engineering Corporation to sell 60% of its stake in Bandar Malaysia Sdn Bhd. [38] However, this deal eventually fell through. [39]
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
China's ByteDance, parent of social media app TikTok, plans to invest around 10 billion ringgit ($2.13 billion) to set up an artificial intelligence hub in Malaysia, the country's trade minister ...
Arab City Melaka [a] was a commercial development project in Malacca City, Malacca, Malaysia jointly developed by Golden Corporate Heritage Sdn Bhd (GCH) and Malacca's state-owned enterprise. [1] The project, considered "the first ever in the world", were billed at RM 1 Billion but has since been placed on hold.
Iskandar Investment Berhad (Malay: Syarikat Permodalan Iskandar), or IIB, is a corporate entity providing investment capital to the development corridor of Iskandar Malaysia, in South Johor at the tip of the Malay Peninsula. It was formed on 2 November 2006 as South Johor Investment Corporation Berhad.
Bursa Malaysia was established in 1930, when the Singapore Stockbrokers Association became an official organization of securities in Malaya.In 1937, it was re-registered as the Stockbrokers' Association of Malaya, but it still did not trade public shares.