News about Malaysia

KUALA LUMPUR (May 16): Frenzy buying interest in Iskandar Waterfront City Bhd (IWCity) in the afternoon trading session pushed up its share price by 29.

KUALA LUMPUR (May 16): Iskandar Waterfront City Bhd (IWCity) shares resumed their uptrend in active trade this morning after a frenzy of buying interest in the stock in afternoon trading session pushed up its share price by 29.

KUALA LUMPUR (May 15): Shares in Iskandar Waterfront City Bhd (IWCity) gained as much as 39 sen or 23.

KUALA LUMPUR: The finance ministry (MoF) has confirmed that 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy has been removed from Bandar Malaysia Sdn Bhd.

KUALA LUMPUR (May 12): IWH CREC Sdn Bhd has received the refund of RM741 million that it had paid as deposit to purchase a 60% equity stake in Bandar Malaysia Sdn Bhd for RM7.

KUALA LUMPUR (May 11): Iskandar Waterfront City Bhd (IWC) shares recovered 4.

KUALA LUMPUR (May 9): The company controlled by China's richest man is now the front runner to lead the development of Bandar Malaysia after Putrajaya last week dropped the consortium that was earmarked to buy a majority stake in the project, the Singapore daily The Straits Times reported today.

Sime Darby Bhd (May 8, RM9.

KUALA LUMPUR (May 9): Iskandar Waterfront City Bhd’s (IWC) share price took a nosedive and hit limit-down shortly after the opening bell as it resumed trading yesterday, wiping out RM759.

KUALA LUMPUR (May 9): 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy has yet to receive any “official notification” of being removed from the board of TRX City Sdn Bhd and Bandar Malaysia Sdn Bhd.