Sunway REIT 3Q NPI slips 9% as Covid-19 hits malls, hotel
KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (REIT) net property income (NPI) slid by 9% to RM103.
KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (REIT) net property income (NPI) slid by 9% to RM103.
KUALA LUMPUR (May 14): The 228-room The Emperor Hotel Melaka (pictured) will cease operations, impacted by the Covid-19 pandemic and the ensuing movement control order (MCO) that was imposed, the New Straits Times reported yesterday.
KUALA LUMPUR (May 5): KLCCP Stapled Group has reported a 3.
PETALING JAYA (April 30): Hotels that have been set up to open this year have all been postponed in light of the Covid-19 pandemic, said Malaysian Association of Hotels (MAH) CEO Yap Lip Seng.
PETALING JAYA (April 29): Unable to withstand impact from the Covid-19 pandemic, Ramada Plaza by Wyndham Melaka will cease operations in end-June, according to a Sinchew Daily report.
KUALA LUMPUR (April 29): G City Club Hotel Sdn Bhd has ceased operations after a decade of being in the hospitality business, as the Covid-19 pandemic became the last straw for the company, which has been suffering losses over the past few years.
PETALING JAYA (April 29): Perak state government is currently formulating four strategies to revive the state’s tourism industry, which was badly hit by the Covid-19 pandemic, according to a China Press report.
KUALA LUMPUR (April 29): A police inspector charged with trafficking and power abuse to exploit two Mongolian women for sex has claimed trial at the Sessions Court in Klang today, Malaysiakini reported.
KUALA LUMPUR (April 28): Hotels will continue to be disallowed from operating at full capacity under the fourth phase of the Movement Control Order (MCO) starting tomorrow.
PETALING JAYA (April 28): A 500-room 5-star hotel in the Klang Valley is preparing to halt operations until the end of the year, as hotels nationwide feel the brunt of the impact of the Covid-19 pandemic, FMT reported today.