01.08.2012 - New KL financial hub to draw global firms
Malaysia's Prime Minister Najib Razak (above) launched a new financial district in Kuala Lumpur yesterday which the government has ambitiously projected will attract more than 250 "world leading companies" to locate in the 70-acre site. Renamed the Tun Razak Exchange (TRX) after his father and Malaysia's second premier Abdul Razak, Mr Najib revealed that the RM26 billion (S$10.3 billion) Kuala Lumpur International Financial District had secured over RM3.5 billion for the entire first phase. "We want to have a new business and financial hub that brings the East and West together, one that can grow both Islamic and conventional finance," said Najib...............................................Full Article: Source
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