KUALA LUMPUR: Although previously close to securing between RM2 billion and RM3 billion worth of financing for its Lifestyle Quarter in the Tun Razak Exchange (TRX) development, TRX City Sdn Bhd and its joint-venture (JV) partner Lendlease Corp Ltd appear to be having difficulties locking down funding.
According to sources, six banks had initially pledged their support for the 17-acre (6.88ha) mixed development, including local giants Malayan Banking Bhd and CIMB Group Bhd as well as several foreign-owned banks such as HSBC Bank Malaysia Bhd and Standard Chartered Bank Malaysia.
KUALA LUMPUR: Malaysia's growth trajectory is expected to remain stable at 4.5 to 5.5 per cent this year and in 2019 despite fiscal restructuring and consolidation, thanks to sustained private sector and export demand.
Few things in Donald Trump’s foreign policy have been more consistent than his opposition to the Iran nuclear deal the U.S. reached with that country and five other nations in 2015. He campaigned against it while running for president, complained about it regularly during his first year in office and finally pulled the U.S. out of it in May 2018. Now, Trump is gradually reimposing sanctions that were frozen by the agreement, threatening to penalize even close allies if they keep doing business w
SAN FRANCISCO: The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the product, people familiar with the matter said.