Berjaya Land ends FY18 in the red as forex rates, Sports Toto drag

KUALA LUMPUR (June 28): Berjaya Land Bhd, which is controlled by tycoon Tan Sri Vincent Tan, wrapped up its financial year ended April 30, 2018 (FY18) with another quarter of net loss, due mainly to unfavourable foreign exchange rates, and lower profit contribution from its number forecast operator business.

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Vincent Tan’s Tioman airport dreams may hit a snag

KUALA LUMPUR (June 11): Could environmental concerns scupper Berjaya Corp Bhd founder and executive chairperson Vincent Tan’s (pictured) plans for a new airport in Tioman island? According to a report by news portal Malaysiakini, Malaysian Airport Holdings Bhd managing director Badlisham Ghazali said that there were environmental concerns as the new airport may entail lengthening the current, “abandoned airport runway into the ocean through land reclamation”.

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