Daily Industry News Update (18 January 2021)


Royale Chulan Bukit Bintang sold at RM177 million, 10% lower than original price

Singapore-listed Hotel Royal purchased the Royale Chulan Bukit Bintang Hotel Kuala Lumpur at RM177.3 million, 10% lower than the original price tag of RM197 million, according to Hotel Royal’s filing with the Singapore stock exchange.  Hotel Royal chairman Pang Eng Fong said

Back to status quo for UEM Sunrise, EcoWorld

The failed merger bid between UEM Sunrise Bhd (UEMS) and Eco World Development Group Bhd (EcoWorld) might be seen as an opportunity lost to UEMS to leverage EcoWorld’s expertise in marketing and branding. According to Hong Leong Investment Bank analyst Bazira

Experts: MCO needed to control pandemic, for economic recovery

The enforcement of the Movement Control Order (MCO) in five states and three federal territories for 14 days beginning Jan 13 as announced by Prime Minister Tan Sri Muhyiddin Yassin had been the talk of the town even prior to the announcement. Following the decision

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