Malaysia revives 1MDB-linked mega project as it strengthens economic ties with China

The controversial Bandar Malaysia mega-project linked to the 1Malaysia Development Berhad (1MDB) global financial scandal received a new lease on life on Tuesday after the government signed a deal with a China-backed consortium to continue the venture.Malaysian Finance Ministry subsidiary TRX City said it had entered into a deal with IWH-CREC, a consortium between the Beijing-owned China Railway Engineering Corporation (CREC) and local developer Iskandar Waterfront Holdings to develop the 48…