Business Extra podcast: Malaysia develops for foreigners and then takes it away

Plus: The roller-coaster that is Tesla, Emirates expands Saudi service and an interview with founder of Dubai start-up Frank Porter

FILE PHOTO: Prospective buyers look at a model of the development at the Country Gardens' Forest City showroom in Johor Bahru, Malaysia February 21, 2017.   REUTERS/Edgar Su/File Photo
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In this week's episode of the Business Extra podcast, with host Chris Nelson:

  • Malaysian Prime Minister Mahathir Mohamad said on Monday he wanted to prevent foreigners from buying residential units in the $100 billion Forest City project, a setback for the Chinese developer Country Garden as it tries to revive faltering demand for the site. What is the rationale for the change in direction?
  • Tesla Chief Executive Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion take-private deal. Musk's take-private plans for Tesla have evaporated, but the company's looming debt needs remain. How much is Musk's erratic behaviour hurting the company?
  • Emirates is adding a fourth daily flight on its route from Dubai to Riyadh starting from September 1. From Sept 1 there will be 91 weekly flights to the kingdom.
  • And we have a chat with Anna Skigin, who founded the company Frank Porter, which helps people in Dubai rent their apartments on AirBNB.

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