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 is offering zero per cent tax to attract wealthy Asians into setting up family offices in the troubled Chinese-led mega project Malaysia on Friday said it will offer a zero per cent tax rate to entice Asia's rich to set up family offices in the Forest City Special Financial Zone (SFZ),

Police said they had arrested 355 people, including religious teachers, and rescued more than 400 children from care homes run by the group.

Malaysian police said they have arrested hundreds of suspects as part of an investigation into child abuse at care homes run by an Islamic conglomerate. In what is believed to be the worst such case to hit the country in decades,

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.