Mindef lost RM258m in land swap deal with Syed Mokhtar — sources

KUALA LUMPUR (Feb 22): The Ministry of Defence (Mindef) allegedly lost RM258 million by selling the Royal Malaysian Air Force base in Kinrara, Puchong at a 34% discount to tycoon Tan Sri Syed Mokhtar Albukhary in a politically motivated land swap deal, said sources contacted by The Edge Financial Daily yesterday.

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Malaysia’s first 5-star Forbes Travel Guide rating awarded to Crockfords Hotel

  PETALING JAYA (Feb 22): Forbes Travel Guide Star Ratings, announced on 20th February 2019 in New York, honoured Crockfords Hotel at Resorts World Genting with the Five-Star award – making Crockfords the only hotel in Malaysia to receive such an honour and one of only 210 hotels worldwide bestowed with Forbes Travel Guide’s most prestigious ranking.

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Medical tourism supporting Penang’s hotel sector

KUALA LUMPUR (Feb 21): Medical tourism will continue to support the growth of Penang’s hotel property sector which could also create multiplier effects on the northern region’s economy, said CBRE|WTW Penang branch director Peh Seng Yee.

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Time to pander to millennial shoppers

KUALA LUMPUR (Feb 21): It is time for Malaysian retailers and shopping mall operators to stop asking whether e-commerce or physical stores will win in the fight for shoppers and focus on combining the two to create a shopping experience targeted at millennials, said retail consultancy Savills Malaysia.

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