<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 11): Guocoland (Malaysia) Bhd group managing director Datuk Edmund Kong Woon Jun (pictured) is resigning from his post effective Jan 1, 2021, after being at the helm for four years.&nbsp;</div>

<div class=newsTextDataWrapInner>In a bourse filing, the group said Kong is resigning to “pursue other business opportunities”. The group has yet to announce a successor to Kong.</div>

<div class=newsTextDataWrapInner>Kong has more than 29 years of experience in the property development and construction industry, and is also the chairman of GLM REIT Management Sdn Bhd, the manager of Main Market-listed Tower Real Estate Investment Trust.&nbsp;</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Guocoland’s share price rose 0.5 sen or 0.9% to close at 57.5 sen today, giving it a market capitalisation of RM402.76 million.</div>

KUALA LUMPUR (Dec 11): Guocoland (Malaysia) Bhd group managing director Datuk Edmund Kong Woon Jun (pictured) is resigning from his post effective Jan 1, 2021, after being at the helm for four years. 

In a bourse filing, the group said Kong is resigning to “pursue other business opportunities”. The group has yet to announce a successor to Kong.

Guocoland MD Edmund Kong resigns to pursue other opportunities

British Prime Minister Keir Starmer has asked the country's regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy, Sky News reported on Saturday.

UK's Starmer asks regulators to prioritise economic growth — report

The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.

Next ECB rate cut could be longer in coming, Holzmann says

China’s central government urged local authorities to offer handouts to people struggling with the cost of living, Xinhua News Agency reported, citing a notice from the Ministry of Civil Affairs.

China urges local govts to give cash handouts for New Year — report

All applications for pardons related to offences committed in the Federal Territories of Kuala Lumpur, Labuan and Putrajaya must be submitted to the Pardons Board, which is chaired by the King, said the Attorney General's Chambers (AGC).

AGC: All applications for pardons in Federal Territories must be made to Pardons Board

The future of gas transit through Ukraine is at a turning point. If a last-minute deal isn’t struck by Wednesday, billions of cubic meters in gas flows could come to a halt.

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Japan’s financial regulator ordered AEON Bank Ltd to fix its anti-money laundering system, saying it failed to detect and report suspicious activities by clients.

Japan's regulator orders AEON Bank Japan to fix money laundering gaps

Inspector-General of Police Tan Sri Razarudin Husain filed a RM3 million defamation lawsuit against blogger Wan Muhammad Azri Wan Deris, better known as Papagomo.

IGP files defamation suit against Papagomo

Thailand and Malaysia are strengthening bilateral relations with an aspiring plan to achieve US$30 billion (RM134.22 billion) bilateral trade target by 2027, while prioritising greater cross-border trade promotion and facilitation in key sectors.

Thailand, Malaysia set sight on US$30b trade by 2027, greater cross-border ties

Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

Singapore oil mogul declared bankrupt after empire collapsed

The Malaysian Meteorological Department (MetMalaysia) has issued a continuous rain warning at the alert level for several areas in Sabah until Dec 30.

MetMalaysia warns of continuous rain across four states

Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.

Trump asks Supreme Court to pause law threatening TikTok ban

The year 2024 has been a blockbuster one for Malaysia in terms of investment announcements, as global big names Microsoft Corp, Google LLC and more recently Oracle Corp disclosed multi-year billion-ringgit investments into the country.

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The US Treasury Department may need to take "extraordinary measures" by as early as Jan 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.

US may hit new debt limit as early as Jan 14, Yellen says

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.

China to cut import tariffs on some recycled copper and aluminium raw materials

After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.

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Thailand and Malaysia are strengthening bilateral relations with an aspiring plan to achieve US$30 billion (RM134.22 billion) bilateral trade target by 2027, while prioritising greater cross-border trade promotion and facilitation in key sectors.

The Malaysian Meteorological Department (MetMalaysia) has issued a continuous rain warning at the alert level for several areas in Sabah until Dec 30.

Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.

Crypto mogul Do Kwon to be extradited to US, Montenegro says

Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”

Azerbaijan Airlines pauses over half of flights to Russia after crash

Freddie Mac's latest&nbsp;Primary Mortgage Market Survey<a data-rapid_p="7" data-v9y="1" data-ylk="slk:Primary Mortgage Market Survey,;elm:context_link;itc:0;sec:content-canvas" href="https://www.foxbusiness.com/category/home-mortgage" rel="nofollow noopener" target="_blank">,</a>&nbsp;released Thursday, showed that the average rate on the benchmark&nbsp;30-year fixed mortgage&nbsp;jumped to 6.85%, up from last week's reading of 6.72%.

Mortgage rates rise for second straight week, highest since July — report

Rapid KL’s rail services will operate until 3am, while selected bus routes will run until 3.30am on Jan 1 to ease congestion during New Year’s Eve celebrations for 2025.

Rapid KL extends operating hours for New Year's Eve celebrations

All applications for pardons related to offences committed in the Federal Territories of Kuala Lumpur, Labuan and Putrajaya must be submitted to the Pardons Board, which is chaired by the King, said the Attorney General's Chambers (AGC).

Inspector-General of Police Tan Sri Razarudin Husain filed a RM3 million defamation lawsuit against blogger Wan Muhammad Azri Wan Deris, better known as Papagomo.

Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.

Putin says Slovakia could host peace talks with Ukraine

The future of gas transit through Ukraine is at a turning point. If a last-minute deal isn’t struck by Wednesday, billions of cubic meters in gas flows could come to a halt.

Jeff Bezos’ aerospace firm Blue Origin fired up the engines on its massive new rocket, the New Glenn, on Friday — a last critical test needed to pave the way for the vehicle’s debut launch to space.

Blue Origin fires up engines on new rocket ahead of debut launch

China’s central government urged local authorities to offer handouts to people struggling with the cost of living, Xinhua News Agency reported, citing a notice from the Ministry of Civil Affairs.

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