AmBank to pay RM2.83b over its involvement in 1MDB corruption scandal
KUALA LUMPUR (Feb 26): AMMB Holdings Bhd has agreed to pay RM2.
IGB slips into the red in 4Q as income from hotel and property investment divisions falls
KUALA LUMPUR (Feb 26): IGB Bhd reported a net loss of RM10.
Federal Court rules govt officials can sue for defamation in Guan Eng case against Perkasa's Ibrahim Ali
PUTRAJAYA (Feb 26): The Federal Court today ruled that a government official can sue for defamation in his or her official capacity, in a suit brought by Lim Guan Eng against Perkasa.
.png)
Sime Darby Property to focus on industrial and landed residential segments this year
KUALA LUMPUR (Feb 26): Anticipating improved market sentiment, Sime Darby Property Bhd (SDP) is eyeing to unveil more industrial properties and quality landed homes that suit current market demand.
GDB 4Q net profit up 7% to RM8.54m, declares one sen dividend
KUALA LUMPUR (Feb 26): Construction services firm GDB Holdings Bhd's net profit for the fourth quarter ended Dec 31, 2020 rose 7.
I-Bhd’s 4Q net profit shrinks on CMCO impact
KUALA LUMPUR (Feb 26): Property developer I-Bhd saw its net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) contract 19.
MCO 2.0 to cause delay in property market recovery, says Sime Darby Property
KUALA LUMPUR (Feb 26): Sime Darby Property Bhd, Malaysia’s largest property developer in terms of land bank, today said the movement control order (MCO) 2.
CBRE|WTW: Luxury hotel outlook remains bleak
Until international borders are re-opened and interstate travel restrictions are lifted, many luxury hotels in Malaysia will continue to face a bleak future as they struggle to stay afloat.
Overseas hotels’ survival tactics
Beyond our shores, it goes without saying the hotel industry is similarly in deep water as it is a sector that relies heavily on foreign travellers as its main income source.
Hotels struggling to stay afloat on highly volatile domestic market
Over the weeks since the second Movement Control Order (MCO) was reinstated almost nationwide on Jan 13, 2021, news of hotels doing the “impossible” have been reported by the media.
