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Jho Low's gutted Hollywood Hills mansion lists at US$15m loss

LOS ANGELES: Way back in November 2012, as the global economy gingerly emerged from a long recession, an enormous Hollywood Hills estate sold for US$39 million. That unprecedented sale price shocked all real estate observers and sparked an avalanche of gold-digging developers to build and market their own "trophy" modern mansions in the hills.

Located in the coveted Bird Streets on a pie-shaped promontory known as the Crown, the 1.2-acre complex was famously owned by Jho Low.

Dr Mahathir looks beyond Malaysia's first century

ONE YEAR after a historic regime change, Malaysia’s politics remain a combustible cocktail of sleaze and power lust. At least the economy is on the right track, even if it’s nowhere close to fulfilling its potential.

Dr Mahathir’s stature as the founder of modern Malaysia will give longevity to the ideas he leaves behind.

Hong Kong regulator bans former Goldman banker Leissner for life

HONG KONG: Hong Kong’s financial regulator has banned former Goldman Sachs banker Tim Leissner from re-entering the industry for life for his crimes linked to the multi-billion-dollar scandal at the Malaysian state investment fund 1MDB.

Short Position

TAN Sri Megat Zaharuddin Megat Mohd Nor lasted only 11 months as chairman of the Federal Land Development Authority (Felda). He was roped in to improve the governance in Felda and resolve its cash-flow problems.