IWCity says IWH did not submit new bid for Bandar Malaysia

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

KUALA LUMPUR: Iskandar Waterfront City Bhd (IWCity) says parent company Iskandar Waterfront Holdings Sdn Bhd (IWH) has not made any fresh attempt to bid for the development of Bandar Malaysia.

Speculation that IWH might get a second chance to develop Bandar Malaysia had sent shares in IWCity soaring in the past two days.