Axteria, Far East Hospitality Management sign LOI to manage the former’s hotel, serviced suites

KUALA LUMPUR (Oct 15): Axteria Group Bhd, which was formerly known as Acoustech Bhd, announced on Friday it has signed a non-binding letter of intent with Far East Hospitality Management (S) Pte Ltd (FEH) expressing its intent in managing the hotel and serviced suites located in Kota Laksamana, Melaka which are currently being developed by its wholly-owned subsidiaries Axteria Assets Sdn Bhd and Axteria Eco Sdn Bhd.

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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.

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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.

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