Genting down on luck in wake of pandemic
KUALA LUMPUR (May 21): Genting Malaysia Bhd has been dealt a poor hand this year, the 55th anniversary of the founding of the group, The Edge reported today.
Parkroyal Kuala Lumpur to add more rooms, introduce Pan Pacific Serviced Suites
KUALA LUMPUR (May 21): Singapore-listed property firm UOL Group Ltd, which owns and operates the Parkroyal and Pan Pacific hotel brands, is banking on the future growth of tourism in Malaysia, despite the current uncertainties in the hospitality industry, The Edge reported today.
Hotels with strong financials embark on asset enhancement during low occupancy period
KUALA LUMPUR (May 21): Since the start of the Movement Control Order on March 18, many hotels have had to cut costs and resort to temporary or even permanent closure of their businesses.
Genting Malaysia announces restructuring exercise, including pay cut and 'rightsizing of workforce'
KUALA LUMPUR (May 22): As the Covid-19 pandemic hits it hard, Genting Malaysia Bhd (GENM) has announced that it is undertaking a restructuring exercise at its home operations including voluntary pay cut and "rightsizing its workforce".
RM200 million Sunway properties snapped up during MCO
PETALING JAYA (May 22): Sunway Property has seen property purchasers make some RM200 million worth of bookings since its "Always With You" digital campaign was launched at the end of April.
Consider allowing “wholesome” EPF withdrawals post-MCO
“How can I enjoy my retirement when I can’t even survive now with the Covid-19 pandemic?” The above encapsulates the plight of many Malaysians especially the B40 and lower segment of M40 groups who are struggling to make ends meet during this economic distress caused by the Covid-19 pandemic and Movement Control Order.
Jho Low’s former Soho condo sold at a discount by US govt: Report
KUALA LUMPUR (May 22): A luxury condo that once belonged to fugitive financier Low Taek Jho has been sold by the US government at a sharply discounted rate.
Parkson 3Q net loss swells to RM92m as shoppers stay home amid Covid-19 outbreak
KUALA LUMPUR (May 22): Parkson Holdings Bhd’s net loss widened to RM92.
Be cautious of bad indoor air quality post-MCO, says expert
PETALING JAYA (May 22): The Movement Control Order (MCO) that was implemented from March 18 to May 3 meant non-essential businesses and services could not operate throughout the duration.
Covid-19: Stricter SOPs needed for short term rentals
PETALING JAYA (May 22): More stringent Standard Operating Procedures (SOP)s for short term rental operations in strata buildings are needed to prevent the spread of diseases such as the Covid-19, said Henry Butcher Mont’ Kiara executive director Low Hon Keong.
