KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak had never complained to AmBank about any mismanagement of his bank accounts, the High Court has heard.AmBank (M) Bhd Jalan Raja Chulan branch manager R. Uma Devi, 43, testified.
The Pacific Asia Travel Association (PATA) is pleased to announce that Mr Danny Ho is the recipient of the most prestigious honour for young tourism professionals in Asia Pacific – the 2016 PATA Fac | eTurboNews | Trends | Travel News
The industry is already running on massive losses due to low occupancy rates throughout 2020 until now.
Compounding matters is that there is little visibility in sight of when movement and travel bans will be lifted due to the third wave of the Covid-19 pandemic resulting from new highly transmissible and airborne variants.
Like many businesses that face challenging times, mergers and acquisitions deals involving hotels are popping up as owners opt to sell out rather than incur more losses. Meanwhile opportunistic buyers with fat wallets are scouring the scene.
Listings of hotels for sale in Malaysia have jumped 40% year-to-date due to rising interest from both local and overseas investors, says Previndran Singhe of Zerin Properties, adding that prices for hotel properties have dropped by as much as 35% as compared to pre-lockdown times.