Pan Pacific Hotels sets to launch 13 new properties by 2024
SINGAPORE (Sept 22): The Pan Pacific Hotels Group will launch 13 new properties across 10 key gateway cities by 2024, Business Times reported today.
Hotel Royal Penang to cease operations soon
KUALA LUMPUR (Sept 16): Hotel Royal Penang (pictured) will permanently cease operations “soon”, the New Straits Times (NST) reported yesterday.
Builder Nestcon partners Hatten Land for solar PV venture
KUALA LUMPUR (Sept 15): Construction services provider Nestcon Bhd is partnering with Singapore-listed property developer Hatten Land Ltd to jointly explore and pursue business opportunities in the solar photovoltaic (PV) sector in Malaysia.
Kenanga ups target price for Genting on 'recovery play' despite 1HFY21 results missing expectations
KUALA LUMPUR (Aug 30): Kenanga Research said while Genting Bhd’s first half ended June 30, 2021 (1HFY21) core loss of RM111 million missed expectations, strong UK and US numbers in the second quarter (2QFY21) due to reopening and relaxing operating restrictions led the research house to believe that a swift recovery is in store for Resort World Group and Resort World Singapore once business and borders reopen.
TNB inks power purchase deals with nine firms set up by successful bidders of LSS4
KUALA LUMPUR (Aug 19): Utility giant Tenaga Nasional Bhd (TNB) has inked Large Scale Solar (LSS) photovoltaic power purchase agreements (PPAs) with nine special purpose companies (SPCs) incorporated by the successful bidders in the competitive bidding exercise for the LSS Phase 4 project (LSS4).
Covid-19 impact on hospitality industry
The global pandemic has confronted the hospitality sector with an unprecedented challenge.
Johor Corp to sell 'at least' two hospitality assets
KUALA LUMPUR (Aug 7): State investment arm Johor Corp (JCorp) is looking for buyers for The Puteri Pacific Hotel in Johor Bahru and Hotel Selesa Pasir Gudang, according a report by The Edge Malaysia.
New hotel to open opposite Shangri-La Singapore in 2023
SINGAPORE (Aug 4): The Standard hotel (pictured) is set to open in Singapore in 2023, along Orange Grove Road and opposite Shangri-La Singapore.
Solarvest unit wins RM66m contract for development of LSSPV plant in Perak
KUALA LUMPUR (Aug 4): Solarvest Holdings Bhd today announced its wholly-owned subsidiary Atlantic Blue Sdn Bhd (ABSB) has secured a RM66 million contract from Grooveland Sdn Bhd as the main engineering, procurement, construction and commissioning (EPCC) contractor for the development of large-scale solar photovoltaic plant (LSSPV) in Perak.
Covid-19: More hotels up for sale
KUALA LUMPUR (July 31): Covid-19 and the numerous movement control restrictions imposed since March last year have no doubt badly impacted the hospitality industry and forced many owners to put up their hotels for sale.
