Tune Group Hotels cut by half, asset sale planned

PETALING JAYA (July 6): Tan Sri Tony Fernandes’ Tune Group has slashed the number of its Tune Hotels worldwide, ended its partnership with Bangkok-based Red Planet Hotels and put several of its assets up for sale, reports The Edge Malaysia in its current issue.

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Regus expands to Johor

KUALA LUMPUR (July 6): Regus Plc, the world’s largest flexible workspace provider expanded into Johor due to robust investment activities in the southern state, according to a report in The Edge Financial Daily today.

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Symphony Life takes the high road

PETALING JAYA: Symphony Life Bhd, formerly Bolton Bhd, is looking to redirect its attention to developing high-end niche products, executive chairman Tan Sri Azman Yahya tells City&Country.

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Kenanga Research maintains overweight on construction sector

KUALA LUMPUR (July 2): Kenanga IB Research maintained its overweight call over the construction sector, as it is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.

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