KUALA LUMPUR (May 21): Since the start of the Movement Control Order on March 18, many hotels have had to cut costs and resort to temporary or even permanent closure of their businesses.
KUALA LUMPUR (May 20): After reporting lower earnings in its third quarter, analysts are expecting Sunway Real Estate Investment Trust's (Sunway REIT) fourth quarter to be weaker as it registers a full quarter’s impact from the Covid-19 outbreak as well as extended Movement Control Order (MCO).
KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (REIT) net property income (NPI) slid by 9% to RM103.
KUALA LUMPUR (May 5): KLCCP Stapled Group has reported a 3.
PETALING JAYA (April 30): Hotels that have been set up to open this year have all been postponed in light of the Covid-19 pandemic, said Malaysian Association of Hotels (MAH) CEO Yap Lip Seng.
PETALING JAYA (April 29): Unable to withstand impact from the Covid-19 pandemic, Ramada Plaza by Wyndham Melaka will cease operations in end-June, according to a Sinchew Daily report.
KUALA LUMPUR (April 29): G City Club Hotel Sdn Bhd has ceased operations after a decade of being in the hospitality business, as the Covid-19 pandemic became the last straw for the company, which has been suffering losses over the past few years.
PETALING JAYA (April 29): Perak state government is currently formulating four strategies to revive the state’s tourism industry, which was badly hit by the Covid-19 pandemic, according to a China Press report.
KUALA LUMPUR (April 29): A police inspector charged with trafficking and power abuse to exploit two Mongolian women for sex has claimed trial at the Sessions Court in Klang today, Malaysiakini reported.