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.

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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.

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