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Jitters over China projects with axing of Bandar Malaysia deal

Malaysia’s decision to scrap the sale of a 60 per cent stake in its signature Bandar Malaysia project to a Malaysia-China consortium came as a rude shock, with the fallout set to spread from the 197ha township earmarked to house a terminus for the Kuala Lumpur-Singapore high-speed rail, to the rest of the economy. Optimism over the perceived impact of massive Chinese deals – RM144 billion (S$47 billion) of which was unveiled in November after Prime Minister Najib Razak’s visit to Beijing – was deflated overnight. The immediate effect wasRead More