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.

KUALA LUMPUR (Reuters) -- 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.

The government has launched the Forest City special financial zone (SFZ) in Johor, which would see companies being imposed a reduced corporate income tax rate of between zero to 5%. In launching the SFZ today,

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.

BEIJING (Reuters) - Malaysia's king Sultan Ibrahim will visit China from Thursday, the first by a Malaysian monarch in a decade, where he will meet President Xi Jinping and likely seek support for projects boosting connectivity to neighbouring Singapore.