indepth

Third wave of Covid-19 forcing theme parks to consider temporary closure

Malaysian Association of Amusement Theme Parks & Family Attractions (MAATFA) president Tan Sri Richard Koh: The recent spike of Covid-19 is making the turtle retreat back into its shell. Just when people were feeling more confident about going out, this new spike reversed it. Attendance at theme parks and attractions have declined by between 40% and 90%, depending on state and the number of Covid-19 cases there

READ MORE
news

SPB denies GLC offer to acquire assets in Damansara Heights

Located in Damansara Heights, Kuala Lumpur, Menara Millenium and Plaza Batai, which are owned by SPB are believed to have attracted investors’ attention to acquire the properties at current time with the expectation that prices will reduce due to weak economic condition.

READ MORE
news

Hotels hit by 'buka puasa' buffet loss of RM135m

“The Ramadan month has always been a F&B income generator, with most prominent hotels catering to 'buka puasa' buffet for corporate clients as well as families,” said Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng.

READ MORE
news

Hotels in which states are likely to recover first?

A recent survey by the Malaysian Association of Hotels (MAH) revealed that hotels in the states of Perak, Pahang, Terengganu and Kelantan are likely to be the fastest to recover. This is because these states rely heavily on the domestic market.

READ MORE