Tabung Haji set to sell TRX land bought from 1MDB

KUALA LUMPUR (Dec 12): A controversial piece of land in Tun Razak Exchange (TRX) here that Lembaga Tabung Haji (pictured) purchased from 1Malaysia Development Bhd (1MDB) three years ago is likely to be one of the underperforming assets that will be transferred to a special purpose vehicle (SPV) under the ministry of finance.

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Prasarana chief’s tenure may be cut short — sources

KUALA LUMPUR (July 26): Prasarana Malaysia Bhd president and group chief executive officer (CEO) Masnizam Hisham (pictured) may see her three-year tenure cut short as she is said to be leaving the company amid criticism from lawmakers that it had caused the cost of the light rail transit line 3 (LRT3) project to balloon.

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Chan Heng Wah assumes CEO post at KIP REIT

KUALA LUMPUR (March 1): KIP Real Estate Investment Trust (KIP REIT) chief financial officer (CFO) Chan Heng Wah has been promoted to chief executive officer (CEO) of the company effective immediately.

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Encorp CEO resigns; posts second straight quarterly loss

KUALA LUMPUR (Feb 24): Encorp Bhd, which posted its second straight quarterly loss in the fourth quarter ended Dec 31, 2017 (4QFY17), announced today the resignation of its group chief executive officer (CEO) Datuk Zakaria Nordin, following the expiry of his contract.

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EcoWorld moves up the rankings

PETALING JAYA (Oct 30): Relative newcomer Eco World Development Group Bhd (EcoWorld) ranked fifth in The Edge Malaysia Top Property Developers Awards 2017, following its sixth place last year.

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