Ahmad Nizam appointed chairman of KLCC Stapled Group

KUALA LUMPUR (Dec 21): Chairman of national oil firm Petroliam Nasional Bhd (Petronas) Datuk Ahmad Nizam Salleh (pictured) has been appointed the non-independent non-executive chairman of KLCC Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) Ahmad Nizam, 62, was appointed to chair Petronas on Aug 2, 2018.

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Monetary Authority of Singapore bans Tim Leissner for life

KUALA LUMPUR (Dec 19): The Monetary Authority of Singapore (MAS) announced today that it has increased the ban against Tim Leissner to a lifetime prohibition order (PO) following Leissner’s admission to 1Malaysia Development Bhd (1MDB)-related criminal charges brought against him by the US Department of Justice (US DOJ).

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Crescendo buys land in Johor for RM13m

KUALA LUMPUR (Dec 19): Property developer Crescendo Corp Bhd is buying a piece of land in Johor Bahru for RM13 million to develop apartments for rent by Crescendo International College students.

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Compliance cost and what it means

The calls to reduce compliance cost and capital contributions in housing developments have been made for some time now and finally, the government or rather the new Pakatan Harapan administration has decided to do something about it.

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