MUI gets term-loan facilities totalling RM539m
KUALA LUMPUR (March 4): Malayan United Industries Bhd (MUI) has secured two term-loan facilities totalling £100 million (RM539.
Berjaya Corp sells Four Seasons Hotel Kyoto for RM1.87b cash, to realise RM600m gain
KUALA LUMPUR (Feb 28): Berjaya Corp Bhd (BCorp), controlled by tycoon Tan Sri Vincent Tan Chee Yioun, is selling its trust beneficial interest on the hotel component of the Four Seasons Hotel & Hotel Residences Kyoto, Japan for 49 billion yen (RM1.
Hotel association: Economic stimulus package addresses main concerns
KUALA LUMPUR (Feb 27): The Malaysian Association of Hotels (MAH) says the RM20 billion economic stimulus package bodes well for the local hospitality industry as it addresses the association’s two main concerns directly — to ease cash flow and financial burden as well as to drive tourism.
Berjaya Land fulfils all conditions in Icelandair Hotels stake buy deal
KUALA LUMPUR (Feb 26): All conditions of the agreement between Berjaya Land Bhd and Icelandair Group concerning Berjaya Land's proposed acquisition of a 75% stake in Icelandair Hotels and related real estate across Iceland for US$55.
Aide: PM not making any announcements tonight
KUALA LUMPUR (Feb 23): Tun Dr Mahathir Mohamad will not issue an announcement tonight, the Malay Mail reported an aide to the prime minister as saying.
YTL Hospitality REIT 2Q20 NPI up 2.4%, declares 1.92 sen DPU
KUALA LUMPUR (Feb 21): YTL Hospitality Real Estate Investment Trust (YTL REIT) posted a 2.
Urusharta Jamaah denies Tabung Haji hotels shut down
KUALA LUMPUR (Feb 20): The Finance Ministry’s special purpose vehicle Urusharta Jamaah Sdn Bhd (UJ) has firmly denied allegations that the Finance Ministry or Finance Minister Lim Guan Eng has irresponsibly shut down Lembaga Tabung Haji hotels and subsequently dismissed the affected hotel staff.
Property summit postponed
KUALA LUMPUR (Feb 20): The 13th Malaysian Property Summit scheduled to be held on Feb 26, 2020 at Sunway Resort Hotel & Spa, Bandar Sunway has been postponed to Wednesday June 24, 2020 owing to concerns over the COVID-19 outbreak.
Four Tabung Haji hotels said to cease ops
KUALA LUMPUR (Feb 17): An internal notice about four Lembaga Tabung Haji (LTH)-owned hotels ceasing operations, has gone viral.
Coronavirus outbreak: Hoteliers asking government for tax relief, cut in EPF payments
PETALING JAYA (Feb 11): Hoteliers are urging the government to temporarily reduce the tourism tax, cut EPF contributions, and provide discounts on water and power bills in light of the industry being impacted by the current novel coronavirus outbreak.
