“There are some very high-level discussions [going on]. It has become a negotiation point as the Malaysian government is seeking more concessions from the Singapore government in relation to the [Johor-Singapore] Special Economic Zone,” another source tells The Edge Malaysia.
Singapore’s biggest lender DBS Group Holdings is not giving up its pursuit of a stake in Alliance Bank Malaysia, sources say.
It is now pursuing the matter through government-to-government talks, according to one of the sources.
