Govt may own skyscraper if Indonesian firm can’t live up to bargain


PUTRAJAYA: The Government may gain complete ownership of the Exchange 106 tower in the Tun Razak Exchange (TRX) development if Indonesia’s Mulia Group fails to fulfil its obligations under a compensation agree-ment.

According to Finance Minister Lim Guan Eng, the Mulia Group was to start repaying the amount invested by the Government as capital when the project nears completion.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Government , trx city , exchange 106 tower

   

Next In Nation

Kinabalu Press Awards returns: Submission deadline on May 10
Copter tragedy: 1,000 congregants at KK naval base attend Yasin recitation, tahlil ceremony
Stop whining, engage and help the people instead, says PM
U Mobile launches store in KK shopping mall, first in East Malaysia
Anwar returns Khazanah allowance, reiterates decision to forgo PM salary
Fahmi visits ex-media practitioners, presents Kasih@Hawana aid
Perlis MB's son, four others released on MACC bail
Zahid, Muhyiddin settle defamation suit
Elderly man drowns while fishing in Putatan
Teen with bone cancer gets wish of visiting KLCC granted by PETRONAS

Others Also Read