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China Railway's $1.7bn investment hits buffer

Bandar Malaysia bailout deal for 1MDB abruptly cancelled

China’s widening investments in Malaysia include a property development in Danga Bay, Johor, overlooking Singapore.

KUALA LUMPUR -- When Prime Minister Najib Razak failed to appear on Wednesday evening for a site inspection of Bandar Malaysia, which includes the terminal site for a high-speed rail link to Singapore, the event was abruptly cancelled.

TRX City, a finance ministry company, said in a statement that a share sale agreement for the terminal with a railway consortium from China had lapsed after payments were not received despite "repeated extensions" being granted.

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