RM11.3 bil project with Temasek called off due to 'soft market', says PDC

August 8, 2019 8:04 PM

“However, due to soft market conditions, the project has been cancelled by all parties,” the statement read. Temasek is Singapore’s sovereign wealth fund with a reported net portfolio value of S$313 billion as of March 31 this year. The late state Umno chief Zainal Abidin Osman questioned the Singaporean companies’ abrupt withdrawal.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

InvestPenang says ‘soft’ property market killed RM1.3b BPO Prime project | Malay MailGEORGE TOWN, Aug 8 ― The termination of Penang’s RM1.3 billion joint venture BPO Prime was a mutual decision reached with Singapore’s Temasek Holdings due to the softening conditions in the current property market, Datuk Seri Lee Kah Choon said today. The InvestPenang executive director said...
Source: malaymail - 🏆 1. / 86 Read more »