Hap Seng's flagship industrial project to be completed 1Q2021
KUALA LUMPUR (July 29): Hap Seng Consolidated Bhd is developing its first flagship industrial park which will be completed in the first quarter of 2021.
Covid-19: Perak plans to revive shuttered hotels as quarantine centres
IPOH (July 28): Perak plans to revive hotels that closed down due to poor business during the movement control order (MCO) by using them as Covid-19 quarantine facilities, reported The Malay Mail today.
Careplus buys property development firm, converts its hotels and shoplots to workers' hostel
KUALA LUMPUR (July 23): Careplus Group Bhd is buying a 90% stake in a property development firm for RM3.
Singaporeans opt for local 'staycations' as some hotels get OK to reopen
KUALA LUMPUR (July 17): We have gone for our Cuti-cuti Malaysia vacations as cross state boundaries reopened with the Recovery Movement Control Order and it looks like Singaporeans have the same idea for their own version of a domestic holiday as some of their hotels are allowed to reopen.
Ireka signs demerger agreement with Aseana Properties
KUALA LUMPUR (July 16): Ireka Corp Bhd has signed definitive agreements with London Stock Exchange-listed Aseana Properties Ltd to undertake a demerger exercise which involves separating the interests of Ireka Group from Aseana, where the former held a 23% stake in Aseana.
Bina Puri to raise up to RM9m via private placement
KUALA LUMPUR (July 11): Bina Puri Holdings Bhd plans to place out new shares — up to 10% of its enlarged issued share capital — to independent third-party investors to be identified later, to raise up to RM9.
'Clean & safe' label for Malaysia hotels launched
KUALA LUMPUR (July 7): The Malaysian Association of Hotels (MAH) today launched the first ever industry-wide hygiene and safety label in the country amidst the Covid-19 pandemic.
OYO Hotels & Homes banks on domestic tourism
KUALA LUMPUR (July 4): Indian-based OYO Hotels & Homes is experiencing an improvement in its business with the opening up of the local economy post Movement Control Order (MCO), reported The Edge Malaysia.
Asia-Pacific hotel occupancy stagnant as regional travel at a standstill — CBRE
KUALA LUMPUR (July 3): The overall occupancy in Asia-Pacific remained low at less than 30% with room rates close to 50% of what they were in 2019, according to CBRE’s Implications for Asia Pacific Hotels June 2020 report.
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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.
