Najib puts new team in place for Bandar Malaysia

Kuala Lumpur

PRIME Minister Najib Razak has put a new team in charge of the development of Bandar Malaysia, following the abrupt termination of a share-sale agreement with a Malaysian-Sino consortium this month.

The secretary-general of the Treasury, Irwan Serigar Abdullah, will lead the team that will oversee the second request for proposal (RFP) and the monetisation of the state-owned 1MDB's remaining real-estate assets, including the Tun Razak Exchange (TRX).