KUALA LUMPUR: The decision by an international arbitral tribunal that there is no need for a development charge on three parcels of former KTM Bhd land in Singapore will mean better profits for the joint-venture firm developing the land.
Prime Minister Datuk Seri Najib Tun Razak (pic) said the development projects being undertaken by M+S Pte Ltd, which is 60% owned by Malaysia’s Khazanah Nasional Bhd and 40% by Singapore’s Temasek Holdings, were viable.
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