The gov't is able to mitigate the risk and see the opportunities it could gain from the project, says an economist.
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We are not in discussions to bid for the project, says the property developer.
0State firm Kumpulan Prasana Rakyat Johor Sdn Bhd will suffer massive losses if the deal falls through, they argue.
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MP SPEAKS | All ICSB has to do is to say (i) what they have paid, (ii) when and (iii) what were the terms.
0IWH CREC Sdn Bhd adds it is also capable of meeting future payments.
0M'sian officers could not commit to the proposed terms due to 'national interest and social reasons', says report.
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This was Irwan Serigar’s singular response when asked about the collapse of a RM7.41b deal.
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Gov't can now ensure bumiputera participation, it says.
0UPDATED 12.30PM | It is believed to be related to Finance Ministry's announcement calling off the Bandar Malaysia deal.
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The publication cites an alleged internal document from the Finance Ministry with regard to this claim.
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Will the gov't have to fork out RM741mil to refund the deposit paid by IWH-CREC consortium, asks the DAP MP.
0UPDATED 11.28AM | It says it is concerned with the content of the termination notice, and is now seeking legal advice.
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TRX City Sdn Bhd says the share sale agreement entered into on Dec 31, 2015 with IWH-CREC consortium lapsed.
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The remaining TRX, Bandar M'sia and a plot in Penang will go to two ministry-owned firms.
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Government and the people of Malaysia actually own 76 percent of the total equity in the urban development project.
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