Gagasan Nadi’s long-term contracts expected to offer recurring income

Gagasan Nadi Cergas Bhd Ace Market listing Gagasan Nadi Cergas Bhd (NADIBHD) is principally involved in: i) building construction; ii) provision of facility management services of student hostels and related facilities; iii) operations of a district cooling system for the supply of chilled water; and iv) property development.

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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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