Tune Group Hotels cut by half, asset sale planned

PETALING JAYA (July 6): Tan Sri Tony Fernandes’ Tune Group has slashed the number of its Tune Hotels worldwide, ended its partnership with Bangkok-based Red Planet Hotels and put several of its assets up for sale, reports The Edge Malaysia in its current issue.

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Regus expands to Johor

KUALA LUMPUR (July 6): Regus Plc, the world’s largest flexible workspace provider expanded into Johor due to robust investment activities in the southern state, according to a report in The Edge Financial Daily today.

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Sime Darby, PDC, sign major development deal

Government-linked corporation Sime Darby and the Penang Development Corporation (PDC) have signed a memorandum of understanding (MoU) to develop Changkat and Byram in Nibong Tebal, southern Seberang Prai, Penang.

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Scientex buys land in JB for RM219 million cash

SHAH ALAM (June 29): Packaging manufacturer Scientex Bhd, which is also involved in property development, intends to buy 326 acres of freehold tract in Pulai, Johor Bahru, for RM219 million cash to expand its land bank.

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