Shangri-La Hotels' 3Q net profit surges 158% on-year on improved leisure demand
Revenue increased by 49.
YTL Hospitality REIT buys Stripes hotel for RM138m cash in related party deal
Hotel Stripes Kuala Lumpur, Autograph Collection is a five-star hotel, located along Jalan Kamunting in Kuala Lumpur.
BCorp posts net loss in 4Q on higher tax expenses
The property segment’s revenue was driven by higher property progress billings coupled with the disposal of several parcels of land.
YTL Hospitality REIT’s 4Q NPI up 5.6%, declares 4.38 sen distribution
On prospects, the REIT expects the hospitality industry to stay relatively buoyant amidst risks of higher inflation, interest rate hikes, and other economic challenges.
Al-‘Aqar Healthcare REIT to renew five lease agreements with KPJ Healthcare’s units
The agreements are for the leasing of KPJ Perdana Specialist Hospital to Perdana Specialist Hospital Sdn Bhd; KPJ Kajang Specialist Hospital to Kajang Specialist Hospital Sdn Bhd; KPJ Sentosa KL Specialist Hospital to Sentosa Medical Centre Sdn Bhd; Kedah Medical Centre to Kedah Medical Centre Sdn Bhd; and Kuantan Care and Wellness Centre (Kuantan CWC) to Kuantan Wellness Center Sdn Bhd.
Master developer KL Wellness City officially launches KLWC in Bukit Jalil
With a gross development value of RM11 billion and spanning over 26.
YTL Corp posts flat 3Q net profit
Its property investment and development saw loss before tax narrowed due to the absence of a rental deferral programme which ended June 30, 2022, and the absence of unrealised foreign exchange loss on borrowings denominated in foreign currencies by YTL Hospitality REIT.
YTL Corp’s 2QFY23 net profit rebounds sharply as hotels, utilities segments improve
YTL Hospitality Real Estate Investment Trust's (YTL REIT) net property income (NPI) rose to RM66 million in 2QFY23 from RM55 million in the preceding quarter, while income available for distribution increased to RM27 million from RM17.
Moody’s revises Genting and subsidiaries’ outlook to ‘stable’ amid continued recovery in leisure and hospitality biz
"The group's plans to expand its New York gaming operations under Genting Malaysia Bhd may affect its credit quality, but such developments, including the timing and funding structure of the investment, ultimately hinge on the awarding of the casino licence, which remains uncertain at this point.
SCIB withdraws from 'long-delayed' JB hospital project
The group had issued a letter of withdrawal to Kencana Healthcare Sdn Bhd, and it was accepted on Thursday (Jan 26), said SCIB in a statement on Friday.
