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1MDB seen walking away from hard-fought project

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In yet another sign of spiralling financial distress, 1Malaysia Development Bhd (1MDB) is set to pull out of the multi-billion-ringgit coal-fired power project in Malaysia that it had fought hard to win in June last year.

Singapore

IN yet another sign of spiralling financial distress, 1Malaysia Development Bhd (1MDB) is set to pull out of the multi-billion-ringgit coal-fired power project in Malaysia that it had fought hard to win in June last year.

The Business Times understands that debt-heavy

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