Malaysia announced on Friday tax breaks and incentives for the troubled Forest City development, a $100 billion project backed by Chinese developer Country Garden Holdings, in a bid to lure investments and spur economic growth in the area.

Malaysia is offering 0% tax rate for family offices to set up shop in its struggling mega-project Forest City, as it looks to revive investor interest in the $100 billion development near its border with Singapore.

Malaysia’s king is planning to seek funding from Chinese investors for a multibillion dollar high-speed rail project between the Southeast Asian country and Singapore, according to people familiar with the matter.

Malaysia's Sultan Ibrahim will visit China for a four-day visit, China's foreign ministry said on Wednesday, with the ceremonial ruler from the southern state of Johor likely to seek support to revive projects boosting its connectivity to neighbouring Singapore.

Malaysian authorities on Thursday arrested the chief executive and other senior managers of an Islamic conglomerate accused of running charity homes where children were allegedly sexually abused, amid a widening police dragnet in the case.

Malaysian police on Thursday detained the CEO and other top leaders of an Islamic business group that is under investigation after hundreds of children believed to be sexually abused were rescued this

A man linked to Global Ikhwan Service and Business Holdings (GISB) covers his face as he is escorted by police officers after being charged in a court in Putrajaya, Malaysia September 18, 2024. REUTERS/Hasnoor Hussain PUTRAJAYA,