STABILITY is the holy grail of investors. So, when Indonesia’s Mulia Group and Australia’s Lendlease, among other local and foreign investors, accepted the previous regime’s invitation to play ball at the Tun Razak Exchange (TRX), they thought the match would go on until the final whistle. They did not expect the match to be cancelled at half time.
This does not mean that TRX will be scrapped. But the rules may be tweaked. The anticipation has become palpable, particularly for investors whose buildings will be completing soon.