Hotels can't depend on domestic travel to survive

PETALING JAYA (June 22): Hotel operators are seeing a slight recovery in the industry following the reopening of domestic tourism and after drastic cost-cutting measures by hotel operators, said Malaysian Association of Hotels CEO Yap Lip Seng.

READ MORE

UEM Sunrise warns it may miss 2020 targets due to economic uncertainty

KUALA LUMPUR (June 19): UEM Sunrise Bhd, which swung to a first-quarter net loss largely due to foreign exchange (forex) losses, has warned that its earlier sales and gross development value (GDV) targets of RM2 billion respectively for the current financial year ending Dec 31, 2020 (FY20) are likely to be impacted by the economic uncertainty.

READ MORE